EUR/USD trades lower near the 1.1370 area on Friday, struggling despite stronger-than-expected Eurozone business-activity figures. The US Dollar Index (DXY) remains firmer near 101.50, offering limited support to the pair.Germany’s preliminary HCOB … [Continue reading]
US Dollar: Softer yields curb gains ahead of FOMC – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret say broad US Dollar (USD) gains are moderating as United States (US) yields retreat and risk appetite improves after a tech-led selloff. High-beta currencies outperform while Euro (EUR) and … [Continue reading]
CEE FX: Higher rates to stabilise regional currencies – ING
ING’s Frantisek Taborsky reports that surging Oil and gas prices triggered a sharp hawkish repricing of policy paths in Poland, the Czech Republic and Hungary, taking implied tightening back to stressed March–April peaks. While ING’s economists keep … [Continue reading]
Dow Jones futures bounce back as oil cools, though geopolitical risks persist
Dow Jones futures gain 0.35% to trade around 52,070 during European trading hours on Friday. Meanwhile, S&P 500 futures and Nasdaq 100 futures advance 0.21% and 0.08%, trading near 7,460 and 28,650, respectively.US index futures rebounded as a … [Continue reading]
Gold Price Forecast: XAU/USD retains bearish bias heading into the Fed week
Gold is nursing heavy losses incurred on Thursday, keeping its range near $4,050 early Friday. Despite the recent retracement, Gold remains on track to register its first weekly gain in three. Gold could see further correctionGold … [Continue reading]
Chinese Yuan: Upside bias toward 6.7600 against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann expect USD/CNH to remain in a narrow consolidation between 6.7680 and 6.7780 intraday after a lacklustre session. Over the next one to three weeks, Quek Ser Leang maintains a downside bias, still … [Continue reading]
Gold losses its bright, tumbles as sellers target $4,000
Gold price (XAU/USD) losses nearly 2% on Thursday as the US Dollar stages a comeback amid growing speculation that the White House may continue its campaign against Iran, which seems poised to prolong the Gulf War. The XAU/USD trades below $4,050 … [Continue reading]
Gold falls as Middle East tensions lift Oil prices, Fed rate hike bets
Gold (XAU/USD) loses ground on Thursday, snapping a four-day winning streak as the US Dollar (USD) rebounds, while Oil prices extend their gains on rising tensions in the Middle East. At the time of writing, XAU/USD trades around $4,050 after hitting … [Continue reading]
Euro: ECB seen hiking in September – Commerzbank
Commerzbank’s Antje Praefcke argues the European Central Bank (ECB) can delay action today but will keep a hawkish tone as inflation stays near 3% and core pressures may even rise. She expects the next rate move to 2.50% in September, with today’s … [Continue reading]
Singapore Consumer Price Index (YoY) below expectations (2) in June: Actual (1.9)
Gold holds above the $4,100 mark during the Asian session, and seems to have stalled the previous day's modest pullback from an over two-week high. Crude oil prices climb to a fresh high since June 11 amid a further escalation of tensions between the … [Continue reading]