Share: GBP/USD holds positive ground near 1.2160 amid the USD weakness. Bank of England (BoE) Governor Andrew Bailey said rates will likely remain around the current 5.25% to return inflation to 2%. Investors have priced in a potential rate rise by the Federal Reserve (Fed) by the end of the year. Market players… ادامه خواندن GBP/USD holds positive ground above 1.2150 amid the softer USD, investors await UK labor data, US Retail Sales
برچسب: شرق آسیا
EUR/USD trades with mild positive bias above 1.0500 mark, lacks bullish conviction
Share: EUR/USD gains some positive traction on Monday and is supported by subdued USD price action. Bets for at least one more Fed rate hike in 2023 act as a tailwind for the USD and should cap the pair. Expectations that the ECB is done hiking rates might also hold back bulls from… ادامه خواندن EUR/USD trades with mild positive bias above 1.0500 mark, lacks bullish conviction
GBP/JPY sees additional losses for Friday, ends the week near recent lows at 181.60
Share: The GBP/JPY extended losses into Friday trading, tapping into 181.27 and ending the week on the low side. The Pound Sterling rose to 183.82 in the mid-week, but bad data buds and souring market sentiment sent the Guppy back into the week’s lows. Coming up next week: UK labor and wages figures… ادامه خواندن GBP/JPY sees additional losses for Friday, ends the week near recent lows at 181.60
Dips inside the Kumo, as bears loom around 157.00
Share: EUR/JPY slips inside the Ichimoku Cloud after maintaining levels above it for the past three sessions. The pair breaches the October 12 low of 157.64, with potential further descent towards crucial support levels identified around 156.49/47, 156.00 mark, and Kumo’s bottom at 155.55/60. For upward momentum, the EUR/JPY needs to reclaim the… ادامه خواندن Dips inside the Kumo, as bears loom around 157.00
What are the consequences of the ECB’s loss of credibility – Natixis
Share: Patrick Artus of Natixis is out with a flash note regarding complications for the European Central Bank (ECB) as the central bank looks ahead to a looming confidence crisis. What are the consequences of the ECB’s loss of credibility? If we measure a central bank’s credibility on the basis of long-term inflation… ادامه خواندن What are the consequences of the ECB’s loss of credibility – Natixis
WTI price skyrockets amid escalating Israel-Palestine tensions
Share: WTI surged over 5%, trading at $90.87 per barrel, in response to escalating military actions between Israel and Palestine. Israel’s ground offensive in the Gaza Strip triggers a risk-off market mood, boosting safe-haven assets and oil prices. Iran’s Oil Minister predicts crude prices could hit $100 per barrel due to the intensifying… ادامه خواندن WTI price skyrockets amid escalating Israel-Palestine tensions
Canadian Dollar caps off Friday trading with a meager recovery, bolstered by rising Crude Oil
Share: Canadian Dollar flows are resurfacing after Thursday’s nosedive, propped up by a reinvigorated oil bid. Canada economic data remains thin until Tuesday’s CPI print. US Dollar giving back yesterday’s gains after consumer sentiment miss. The Canadian Dollar (CAD) caught a mild recovery on Friday, paring back Thursday’s dip after broad-market risk sentiment… ادامه خواندن Canadian Dollar caps off Friday trading with a meager recovery, bolstered by rising Crude Oil
AUD/NZD firmly higher for Friday, into 1.07 as Aussie steps up and Kiwi hesitates
Share: The AUD/NZD caught a firm bid on Friday, climbing into the 1.0700 handle to close out the trading week. The Aussie managed to eke out a new high for the week late in the game, climbing 0.42% for Friday. Kiwi traders will get to take first swing at the economic calendar next… ادامه خواندن AUD/NZD firmly higher for Friday, into 1.07 as Aussie steps up and Kiwi hesitates
AUD/USD slides to weekly lows amid risk-off mood mixed US data
Share: AUD/USD touches new weekly lows at 0.6289, trading with losses of 0.32%. The University of Michigan’s Consumer Sentiment in the US deteriorates, with inflation expectations rising. China’s struggling economy and Middle East geopolitical tensions further dampen AUD sentiment. The Australian Dollar (AUD) touched new weekly lows of 0.6289 against the US Dollar… ادامه خواندن AUD/USD slides to weekly lows amid risk-off mood mixed US data
Mexican Peso gains against US Dollar after US consumer sentiment dips, dovish Fed remarks
Share: Mexican Peso stalls the USD/MXN rally towards 18.00, as the pair clings to losses of 0.02%. The University of Michigan consumer sentiment indicates growing pessimism amongst Americans as inflation expectations rise. Dovish comments from Fed officials, including Philadelphia Fed President Patrick Harker, suggest a rate hike pause. Mexican Peso (MXN) calmly stands off… ادامه خواندن Mexican Peso gains against US Dollar after US consumer sentiment dips, dovish Fed remarks