Market Update – February 7 – USD Holds on to Gains, Stocks Flat, Oil Rallies
Trading Leveraged Products is risky RBA raised rates as expected by 25bp & signaled more to come – AUD rallied, USD holds at recent 1-mth highs & Yields remain elevated too. US Stocks closed lower but Asian markets & European FUTS are higher. Google announced “Bard”, Baidu “Ernie Bot” and […]
1.2300 Handle Holds Firm as Markets Take a Breather Before the FOMC Meeting
GBP/USD PRICE, CHARTS and ANALYSIS: Recommended by Zain Vawda Download the Updated Q1 Forecast for the US Dollar Most Read: GBP/USD Technical Outlook: Short-term Range Intact GBP/USD FUNDAMENTAL BACKDROP Cable failed to recover any ground surrendered to the greenback yesterday, as sideways price action dominated the Asian and early European sessions. Yesterday’s selloff in GBP/USD […]
EUR/USD holds at around 1.0860s as traders brace for the Fed and ECB’s decisions
The US core PCE, the Fed’s preferred gauge for inflation, edges down, sparking speculations for a Fed pivot. Consumer Sentiment improved, while inflation expectations ticked lower. EUR/USD Price Analysis: Upward biased, but short-term neutral, ahead of Fed and ECB’s decisions. The EUR/USD got rejected from the 1.0900 psychological barrier for two consecutive days and on […]
Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?
Gold, XAU/USD, US Dollar, FOMC, AUD/USD, RBA, NZD/USD RBNZ, Crude Oil – Talking Points The gold price remains steady near its highs today as yields slip elsewhere Australia and New Zealand saw uncomfortable CPI data that sent AUD/NZD north The market is eyeing next week’s FOMC meeting. What will it mean for XAU/USD? Recommended by […]
USD/JPY holds to weekly gains near 130.00, high volatility to persist
Japanese Yen among worst G10 performers after BoJ status quo. US Dollar mixed between higher yields and risk sentiment. USD/JPY attempts recovery, still limited below the 20-day SMA. The USD/JPY moved off daily highs during the American session on Friday, pulling back under 130.00. The pair peaked at 130.60, the highest level in two days. […]
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 […]
Japanese yen, bond yields tumble after BOJ holds yield control range By Investing.com
By Ambar Warrick Investing.com– The Japanese yen and benchmark bond yields fell sharply on Wednesday after the Bank of Japan maintained its yield curve control range, ducking market expectations for a further widening in the bank’s policy. The fell over 2% to 130.97 against the dollar, pulling back sharply from an eight-month high hit earlier this […]
Market Update – January 17 – USD Holds at 7-mth lows, Mixed data from China & UK
Trading Leveraged Products is risky Chinese GDP for 2022 at 3.0% missed expectations (5.5%) significantly and represented the slowest growth for the world’s second largest economy since 1976 and the end of the austerity of Mao Zedong. Q4 GDP beat expectations at 2.9% vs 1.8% but was still very weak. […]
Euro holds wild card. Forecast as of 16.01.2023
2023.01.16 2023.01.16 Euro holds wild card. Forecast as of 16.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The prospects for the global economy at the beginning of 2023 do not look as gloomy as at the end of 2022. The EURUSD bulls are actively capitalizing on this, especially since the rally potential due to the Chinese economy opening is very high. Let’s discuss […]
Gold Holds Bid Before Powell, Bulls Try Channel Top
Gold (XAU/USD) Price, Analysis, and Chart Gold has started 2023 in bullish form That trend continued into Tuesday’s session Hopes that US rates may not have much further to rise underpin sentiment Recommended by David Cottle Download our brand new Q1 Gold forecast Gold prices have risen on all but one trading day of 2023, […]