Euro's reversal from the 0.8900 area finds support at 0.8750. The pound appreciates as Sunak cams the market. EUR/GBP likely to reach 0.90 in the coming months – SocGen. The euro has given away gains on Tuesday against a stronger British pound, … [Continue reading]
Gold Price Forecast: XAU/USD marches firmly towards $1660 on falling US bond yields
Gold price rises as US Treasury bond yields fall due to market players’ expectations of the Fed slowing the pace of tightening. The US housing market continues to deteriorate, while the CB Consumer Confidence missed estimations on inflation … [Continue reading]
EUR/USD: The hurdle for a return towards the low nearer 0.9550 is high – SocGen
EUR/USD advanced for a fourth day on Monday. If bad news is ‘in the price’, the pair is unlikely to slip back to the 0.9550 low, economists at Société Générale report. The 0.9950 area is significant resistance “The bad news is priced in and so the … [Continue reading]
What can be done to prevent capital from shifting from the eurozone to the US? – Natixis
Financial investors and companies are better to invest in the United States than in the eurozone for several reasons. How can this trend be corrected? Analysts at Natixis explain why capital will be diverted from the eurozone to the US. Is … [Continue reading]
WTI fails to cheer downbeat DXY amid recession fears
WTI takes offers to renew intraday low, remains mildly offered though. Softer yields, absence of Fedspeak weigh on DXY, downbeat PMIs magnify economic slowdown risk. API stockpile data, chatters over EU gas price cap could entertain oil traders. WTI … [Continue reading]
EUR/USd Price Analysis: Bulls and bears battle it out at key structure
EUR/USD bulls eye up a key resistance structure. The bears need to get back below 0.9850. EUR/USD's daily chart is indeed bearish while below the trendline resistance. The price is on the verge of a break of structure as per the triangle … [Continue reading]
AUD/USD, capped below 0.6325 after dropping from 0.6410
The aussie's recovery attempts from 0.6275 remains capped below 0.6325. Concerns about China's zero-COVID policy are hurting the AUD. The RBA pointed out to a slower monetary tightening path. The Australian dollar has given away on Monday most of … [Continue reading]
The last stage of the dollar market will see more big moves than direction – SocGen
The last stage of the dollar’s rally is no fun for chess players. This is the time when the poker players thrive, Kit Juckes, Chief Global FX Strategist at Société Générale, reports. Constant diet of rising US yields needed to drive USD/JPY higher … [Continue reading]
ECB is expected to hike rates this week – UOB
Economist at UOB Group Lee Sue Ann sees the ECB raising the policy rates further at its meeting later in the week. Key Quotes “The recent hawkish tone by the ECB, despite the absence of formal forward guidance, has led us to pencil in further rate … [Continue reading]
China Trade Balance CNY above forecasts (565.34B) in September: Actual (573.6B)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]