Share: Markets in Asia-Pacific region trade mixed amid cautious mood ahead of key central bankers’ speeches. ASX rallied on downbeat Aussie inflation, Nikkei braces for Japanese government’s intervention. China stocks remain pressured on AI curbs, … [Continue reading]
Azuki Elementals launch raises controversial $38 million worth of Ethereum in under 15 minutes
Share: Azuki Elementals launch marked the most engaging NFT drops in a long time, an outcome linked to 10,000 ETH profile pictures showcased in the sale. Despite the remarkable raise, the milestone is controversial, as creators have been flagged … [Continue reading]
GBP/USD Price Analysis: Bears are waiting to pounce below 1.2800
Share: GBP/USD bears are licking their lips around daily resistance. Bears eye a long squeeze for fresh lows of the week. GBP has been the market's darling this week so far as the initial balance extends higher and higher. However, as … [Continue reading]
Gold Price Forecast: Expectations of further rate hikes to dampen XAU/USD – Commerzbank
Share: Gold lacks direction following rebellion in Russia. Economists at Commerzbank analyze XAU/USD outlook. Yesterday’s rapid correction of the Gold price seems justified As far as the Gold price is concerned, the key question is the extent to … [Continue reading]
USD/CAD: Loonie may not fall out of markets’ favours just yet as BoC will go for another hike in July – ING
Share: Today’s inflation data in Canada will be key to driving market expectations for the BoC’s July decision. Economists at ING analyze CAD outlook. Inflation numbers in focus Consensus is looking for a rather substantial slowdown in headline … [Continue reading]
Sweden Producer Price Index (MoM) below expectations (-1%) in May: Actual (-1.7%)
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]
Gold Price Forecast: XAU/USD holds steady above $1,920 level, not out of the woods yet
Share: Gold price remains confined in a narrow range just above the multi-month low set last week. More hawkish central banks continue to act as a headwind for the non-yielding yellow metal. Economic woes lend some support to the safe-haven XAU/USD … [Continue reading]
Forex Today: Steady markets ahead of central bankers and inflation data
Share: No key reports are due during the Asian session. Later in the day, the US will report Durable Goods Orders and Canada will release inflation data. The ECB Forum will gather attention with many central bankers due to speak on Tuesday ahead of … [Continue reading]
GBP/JPY plateaus at highs around 182.50
Share: GBP/JPY sees some gains at the 182.55 area. ECB’s Banking Forum in Sintra on Wednesday, the highlight of the week. Reuters poll reveals that the BoJ will intervene if USD/JPY reaches 145.00. At the start of the week, the GBP lost ground … [Continue reading]
GBP/USD: Still trading well short of levels that would imply more sustainable technical strength – Scotiabank
Share: GBP/USD is supported on dips but still consolidating, economists at Scotiabank report. Signs of demand below 1.26 are encouraging from a short-term support point of view Minor Cable gains today are running against the trend of a modestly … [Continue reading]