Share: Retail Sales in the US at a stronger pace than expected in January. US Dollar Index continues to push higher toward 104.00 after the upbeat data. Retail Sales in the United States rose by 3% to $697 billion in January, the US Census Bureau … [Continue reading]
Further consolidation likely in AUD/USD for the time being – UOB
Share: UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note price action in AUD/USD is now seen within the 0.6865-0.7055 range in the next few weeks. Key Quotes 24-hour view: “We highlighted yesterday that AUD could rise to … [Continue reading]
Indonesia Trade Balance came in at $3.87B, above forecasts ($3.35B) in January
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]
US Dollar Index bounces off weekly low amid unimpressive US inflation, hawkish Fed bets
Share: US Dollar Index probes two-day downtrend near the weekly bottom. Fed talks defend rate hike bias despite softer US inflation. Treasury yields renew multi-day high following the US CPI on upbeat Fed talks and propel DXY’s rebound. US Retail … [Continue reading]
Fed’s Williams: The work to control too high inflation is not done
Share: Federal Reserve Bank of New York President John Williams has crossed the wires with a hawkish tone. He said on Tuesday that inflation remains too high and central bank action aimed at cooling price pressures will exact some unavoidable pain … [Continue reading]
Aptos price caught between a rock and a hard place as CPI data pulls indecisive scenario
Share: Aptos price jumps higher on the back of a lower inflation print against the previous month. APT, meanwhile, gets a rejection to the upside at an important historical level. Expect to see APT go nowhere until the US closing bell, some … [Continue reading]
United Kingdom 10-y Bond Auction: 3.527% vs previous 3.697%
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]
Asian Stock Market: Cautious optimism prevails ahead of US inflation, DXY, Oil print mild losses
Share: Shares in the Asia-Pacific region grind higher amid cautious mood. Japan GDP, hawkish hopes from BoJ appointments probe sentiment. Fears of fresh US-China tension, hawkish Fed talks also challenge risk profile. Market’s positioning for … [Continue reading]
USD/CAD copies Oil’s inaction above 1.3300 as US inflation data loom
Share: USD/CAD remains sidelined around one-week low, pauses two-day losing streak. US Dollar stays depressed while tracking a pullback in the Treasury bond yields. WTI defends previous day’s U-turn from 12-day top amid hopes of more US SPR … [Continue reading]
Gold Price Forecast: XAU/USD bears comply with symmetrical triangle
Share: Gold price bulls eye the 50% mean reversion as a resistance area that could hold. Gold price bears seek a break of $1,850 for the continuation to the $1,825 1000 pip target. US CPI is a critical event for the Gold price this … [Continue reading]