Share: If the US Dollar weakens in general, it is likely to do so against the CAD, too, economists at Société Générale report. Fed and BoC to ease monetary policy at a similar pace to each other The biggest drivers of USD/CAD will probably be the … [Continue reading]
EUR/CHF: Franc to retreat from multi-year highs against other G10 crosses – ANZ
Share: The Swiss Franc finishes 2023 as the top G10 performer. Economists at ANZ Bank analyze CHF outlook. Weaker EU growth is associated with a stronger CHF TWI on a broader time horizon We think the SNB will be less concerned with supporting CHF … [Continue reading]
Australian Dollar pulls back toward a major level ahead of US data releases
Share: Australian Dollar continues to reach fresh highs on the subdued US Dollar. Australian robust economic conditions influence the RBA to maintain its hawkish stance. China's NDRC's Chairman, Zheng Shanjie mentioned that China will strive to … [Continue reading]
EUR/USD holds above the 1.1100 mark, US Jobless Claims data eyed
Share: EUR/USD drifts higher to the highest since July above 1.1100 on Thursday. The evidence of cooling inflation helped to convince policymakers about the rate cuts next year. Lagarde added that the ECB should not lower the guard and central … [Continue reading]
Optimism Price Prediction: OP price could crash as $82 million worth of tokens due to flood markets
Share: Optimism price is up 94% in a week and could face a buy the rumor sell the fact event. OP could drop 25% as 24.16 million tokens worth $81.90 million are due to flood markets on December 30. A break and close above $4.500 level would create … [Continue reading]
Gold price eyes more upside as Fed rate-cut bets deepen
Share: Gold price is set to extend upside as the Fed is expected to cut rates sooner than anticipated. The core PCE price index declined more than expected to 3.2% in November. Action could be limited due to a thin-trading week. Gold price … [Continue reading]
USD/JPY faces pressure near 143.00 as Fed’s rate cut bets soar
Share: USD/JPY struggles for a firm recovery as the Fed is expected to start lowering interest rates in early 2024. The USD index refreshes five-month low amid risk-on mood. The BoJ will reduce bond-buying operations in 2024. The USD/JPY pair … [Continue reading]
Japan Construction Orders (YoY) up to 33.6% in November from previous 4.2%
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]
Solana price nearly crashes 15% in 24 hours; analyst says not to expect a new ATH anytime soon
Share: Solana price crossed the $100 mark over the weekend to imbue optimism in investors of further gains. The altcoin, however, corrected by 7%, nearly extending the dip to 15%, suggesting that the market is overheated. Analyst have noted that … [Continue reading]
United States 2-Year Note Auction declined to 4.314% from previous 4.887%
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]