Crude Oil Holds Gains On Hopes For China Demand Rebound
Crude Oil Price, Analysis, and Chart US Crude prices continued their run of gains Hopes for economic revival in China and, perhaps the US, keep tight supply in focus The $82 region looks key now Recommended by David Cottle Get Your Free Oil Forecast Crude oil prices continued to find robust support in hopes for […]
EUR/USD clings to mild gains near 1.0850 as ECB, Fed hawks jostle amid recession concerns
EUR/USD grinds higher around intraday top as it braces for the second consecutive weekly gain. Although Fed officials also sync the tune with ECB hawks, hopes of shorter recession in Europe favor bulls. Downbeat US data renew economic fears surrounding the world’s largest economy and probe DXY bulls. ECB President Lagarde’s speech, Fed talks before […]
Intraday Market Analysis – CAD consolidates gains
USDCAD builds base The Canadian dollar steadied after inflation eased more than expected in December. From the daily chart’s perspective, the pair is still in a prolonged consolidation between 1.3230 and 1.3800. A bounce off the daily support at 1.3320 may lead to a narrower range. A close above the immediate hurdle […]
NZD/USD trimmed Thursday’s gains, stumbles below 0.6400
NZD/USD finished the week with solid gains of 0.6700%, spurred by softer US CPI data. Consumer inflation expectations in the US edged lower and weighed on the US Dollar. NZD/USD Technical Analysis: Failure at 0.6400, cheered by sellers, eyeing a fall to 0.6300. The NZD/USD retraced after testing the current week’s high of 0.6417, dropped […]
European equity close: Another day of gains, why not?
What a start to the year for European stock markets. Closing changes on the day: Stoxx 600 +0.5% German Dax +0.2% France’s CAC +0.7% UK’s FTSE 100 +0.7% Spain’s Ibex +0.6% Italy’s FTSE MIB +0.2% On the week: Stoxx 600 +1.9% German Dax +3.4% France’s CAC +2.4% UK’s FTSE 100 +1.9% Spain’s Ibex +2.1% Italy’s […]
End to rate hikes will coincide with an end to USD gains during early 2023 – Wells Fargo
In the view of economists at Wells Fargo, end to monetary tightening should bring the US Dollar’s gains to an end by early 2023. Eventual US recession to soften the greenback “An end to rate hikes will coincide with an end to USD gains during early 2023. Indeed, we believe a peak in the trade-weighted […]
GBP/USD Gains On US Inflation, Surprise Sign of UK Growth
GBP/USD Price, Analysis, and Charts The Pound gained on the Dollar as did many other currencies Friday Relaxing US inflation has buoyed hopes that rate hikes could end soon UK Growth beat expectations, but expectations were pretty low Recommended by David Cottle How to Trade GBP/USD The British Pound rose against the US Dollar on […]
Japanese Yen Gains as Breaking Story Hints at Further Bank of Japan Policy Tweak
Japanese Yen, USD/JPY, Bank of Japan, US CPI – Asia Pacific Market Open Japanese Yen gains as breaking story hints at further BOJ policy tweak Follow-through may be difficult to achieve until after US CPI data passes USD/JPY falls, but key support zone remain, pausing the downtrend Recommended by Daniel Dubrovsky Get Your Free JPY […]
Goldman Sees Dollar’s Dominance Driving Further Gains Ahead By Bloomberg
(Bloomberg) — The dollar holds the crown as the world’s dominant currency and rivals have so far failed to unseat the greenback — making fresh rallies likely. That’s the thinking of Goldman Sachs (NYSE:) analyst Isabella Rosenberg who says signs of global growth have made European and Chinese assets more attractive in recent months, […]
Intraday Market Analysis – DAX extends gains
USDJPY seeks support The Japanese yen rallied over better-than-expected Tokyo CPI in December. On the daily chart, a break below August’s low (130.50) has put the buy side under pressure. The latest bounce hit resistance in the supply zone 134.70-135.00 which coincides with the 30-day moving average. The bulls will need to […]