S&P Global PMIs in the United States sparked recession jitters and bolstered the US Dollar. Eurozone data was better than estimated, though inflation remains high, while PMIs in contractionary territory. EUR/USD Price Analysis: Daily close below … [Continue reading]
SNB: Situation in Switzerland will be of greater significance for the FX market – Commerzbank
The Swiss central bankers once again changed their intervention strategy. In the opinion of economists at Commerzbank, the situation in Switzerland will be of greater significance for the FX market. The Franc will become a currency that is more … [Continue reading]
NZD/USD faces barricades around 0.6380 as Fed’s hawkish guidance provokes a US recession
NZD/USD has sensed selling pressure while stretching its recovery above 0.6370 amid broader pessimism. The Federal Reserve is considering wage inflation a major trigger that could propel general inflation. The New Zealand Dollar is going to display … [Continue reading]
USD/JPY bears move in at resistance 137.80
USD/JPY bears are moving in within the sideways consolidation. The Fed is weighing on risk sentiment, supportive of the US Dollar. USD/JPY is under pressure in Asia, attempting to correct the US Dollar's rally from the prior day. At the … [Continue reading]
Gold Price Forecast: XAU/USD bears eye a run below trendline support
Gold Price is pressured and taking on a critical micro trend line. This leaves the bias on the downside while below $1,780/00 and a break of $1,702 open risk to $1,670. The Gold Price is consolidated towards the lows of the US session range … [Continue reading]
EUR/GBP surges above 0.8700 after hawkish ECB, dovish BoE
The Euro soars more than 100 pips against the Pound Sterling. ECB Lagarde opened the door for further 50 bps rate hikes in subsequent meetings. BoE’s decision ended 75 bps rate hikes, though it stated its commitment to tame inflation. The EUR/GBP … [Continue reading]
Gold Price Forecast: A pause in Fed’s rate hiking cycle is normally supportive for XAU/USD – ANZ
Synchronised rate hikes and a stronger US Dollar have weighed on Gold in 2022. But the tide is turning in favour of the yellow metal, in the opinion of economists at ANZ Bank. Interest rate environment is likely to remain supportive into 2024 “The … [Continue reading]
France Consumer Price Index (EU norm) (MoM) registered at 0.4%, below expectations (0.5%) in November
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]
Singapore Unemployment rate remains unchanged at 2% in 3Q
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]
GBP/USD: Cable seesaws at six-month high ahead of Bank of England-inspired ‘Super Thursday’
GBP/USD grinds higher after refreshing the multi-day top. US Dollar remains pressured after unimpressive Federal Reserve decision. Statistics from United Kingdom have been mixed, mostly upbeat for GBP/USD. Bank of England is up for 50 bps rate hike … [Continue reading]