GER40 Maintains Rally Momentum, ATH the Next Move?
GER40,D1 GER40, Daily Despite the strong rebound in German factory orders, with a 3.2% gain in December, investors remain concerned about escalating Sino-US geopolitical tensions and the outlook for the global economy. Strong US jobs data increased speculation that the Federal Reserve may keep raising interest rates further to control inflation. United States Federal Reserve […]
USD/CAD to move downward to 1.255 by year-end – BofA
Share: Will USD/CAD eventually fall in 2023? Economists at Bank of America Global Research expect the pair to dive towards 1.25 by the end of the year. USD/CAD Q1 forecast remains at 1.32 “We maintain our downtrend USD/CAD forecast for the year despite the Bank of Canada rate hike pause.” “We believe the […]
Big move for dollar not a given for next three months: Reuters Poll By Reuters
© Reuters. FILE PHOTO: A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron//File Photo By Hari Kishan BENGALURU (Reuters) – The dollar’s recent comeback may not be indicative of a new broad trend, with FX strategists in a Reuters poll split on […]
GBP/USD bulls move in from the lows of a significant daily drop
Share: A busy week ahead for GBP/USD with domestic growth and central bank speakers. GBP/USD bulls are attempting to correct the US Dollar’s strength. On the daily chart, the 38.2% Fibonacci is around the psychological 1.2150 area. GBP/USD is flat on the day at 1.2025 so far as we enter the Tokyo session […]
October oil output cut was the right move, says OPEC secretary general
The collective decision taken in October was the correct decision OPEC+ has always played a constructive role in maintaining a balanced market “We believe there is great confidence and trust in OPEC+ and its decisions, where we have proven time and again that we are ready to act immediately and respond to the dynamic nature […]
Fading Recession Perceptions See Moderate USDJPY Move
USD/JPY Analysis Risk assets rally after FOMC on encouraging disinflation admission, appearing to ignore the warnings that accompanied it Narrowing rate differential suggests USD/JPY trend continuation USD/JPY technical analysis and levels to watch ahead of NFP data The analysis in this article makes use of chart patterns and key support and resistance levels. For more […]
Bears move in and eye a break of critical support
USD/CAD bulls look to the 50% mean reversion target of the bearish impulse. Bears eye supports below 1.3300, targeting 1.3250/20 and then 1.3200 / 1.3150. USD/CAD has blown off on Tuesday as preliminary domestic data showed the economy growing at a slightly faster pace than the Bank of Canada expected in the fourth quarter. This brings us […]
Scope for a move back to the 1.06 area into the spring – Rabobank
Economists at Rabobank discuss their forecasts for the EUR/USD pair for the coming moths. Market has now built substantial EUR longs “The market has now built substantial EUR longs meaning that the single currency will become increasing sensitive to the realisation that headwinds to Eurozone growth remain, albeit at a far more reduced level than […]
Euro is about to make a bold move. Forecast as of 30.01.2023
2023.01.30 2023.01.30 Euro is about to make a bold move. Forecast as of 30.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The inability of EURUSD to break out the level above 1.09 indicates that many bullish factors have already been taken into account. Investors think that the ECB is unable to surprise them, which increases the correction possibility. Will Christine Lagarde […]
A couple of releases to move things along in Europe today
It is a slow start to the day with the yen leading gains by the slightest of margins ahead of European trading. Other major currencies are little changed with the dollar continuing to hold steady with the key technical levels outlined at the end of last week here all still in play. That will make […]