GBP/USD has been fluctuating in a tight range above 1.2100. Pound Sterling could attract buyers if it manages to clear 1.2200. US Dollar stays under bearish pressure following BOJ event. GBP/USD has extended its sideways grind above 1.2100 into the … [Continue reading]
GBP/USD Price Analysis: Pierces through monthly key support with eyes on 200-SMA
GBP/USD takes offers to refresh intraday low, pokes short-term key support line. Sustained trading below 100-SMA keeps sellers hopeful of visiting 200-SMA. Two-week-old horizontal area restricts immediate upside before the monthly high. GBP/USD … [Continue reading]
AUD/JPY Price Analysis: Grinds near 92.00 post-RBA Minutes, inverse H&S teases bulls ahead of BOJ
AUD/JPY grinds higher even as RBA Minutes fail to impress traders. RBA Minutes stated that policymakers discussed all options, eyed further rate hikes. Inverse Head-and-Shoulders pattern, impending bull cross on MACD lure buyers. 200-SMA, weekly … [Continue reading]
AUD/USD Price Analysis: Bulls are moving in with eyes on a 61.8% Fibonacci retracement towards 0.6800
AUD/USD bulls are waiting patiently for a change of character in the market structure. Bulls eye a test of 0.6800 for the days ahead while bears await confirmation of a downside opportunity. As per a prior analysis, AUD/USD drops … [Continue reading]
EUR/USD to enjoy further toward the 1.0788 May high, then 1.0892/1.0944 – Credit Suisse
EUR/USD’s strength has stalled near-term. Nevertheless, economists at Credit Suisse stay bullish for the 1.0788 May high, then the 50% retracement of the 2021/2022 downtrend at 1.0944 EUR/USD weakness stays seen as corrective “Resistance is seen … [Continue reading]
Australia: GDP growth to slow sharply in 2023 but remain positive – ANZ
Economists at ANZ Bank have downgraded their Australian GDP forecast to 1.5% year-on-year by end-2023. Notwithstanding the slower forecast growth trajectory, the the extent of RBA tightening is unchanged. Growth downgrade doesn’t change the policy … [Continue reading]
FX option expiries for Dec 19 NY cut
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]
USD/CHF Price Analysis: Pullback remains elusive beyond 0.9280
USD/CHF remains pressured near intraday low, prints the first daily loss in three. Multiple supports stand tall to challenge sellers even as looming bear cross on MACD signal further downside. 200-HMA, two-week-old descending trend line guard … [Continue reading]
BoJ to water down price target
Reuters reported that Japan's government is set to revise a decade-old joint statement with the Bank of Japan (BOJ) that commits the central bank to achieve its 2% inflation "at the earliest date possible," Kyodo news agency reported on Saturday, … [Continue reading]
Bitcoin Price Prediction: Is this the bull trap that will bring BTC below $14,000?
Bitcoin price slips as all gains get erased during the week. BTC could slide further as the global outlook turns negative. With more negative headlines from several corners, it looks rather likely that $16,020 is up for another test. Bitcoin (BTC) … [Continue reading]