EUR/USD remains primarily a Dollar story. Economists at ING believe that the pair could slide to the 1.0650/1.0700 area later this week. Lagarde’s speech may be a non-event “Despite having survived the US CPI risk event, we continue to see some downside risks in the near term on the back of raising bets on Fed tightening and a lack of drivers from the Euro...
As the UK inflation data disappoints, GBP/USD takes offers to refresh the intraday low near 1.2100, adding strength to the first daily loss in three days. Nonetheless, the UK Consumer Price Index fell 10.1% year on year in January, compared to 10.3% expected by the market and 10.5% previously. With this, headline inflation has fallen for the third consecutive...
Price as predicted breaks the bullish Flag as described in the previous Idea. Our BUY signals were correct; the price is growing and we are looking for a Resistance area like Target.
Gold price dropped yesterday to $1,850, its lowest level since early January. Soft United States Consumer Price Index could scale back hawkish Federal Reserve bets, allowing the yellow metal to rise, strategists at Commerzbank report. All eyes on the United States Consumer Price Index “The US inflation figures that are due to be published today could result in...
EUR/USD may slip back to 1.0650/1.0700 should core inflation come in at 0.4% or 0.5% MoM – ING So far, EUR/USD has advanced for the second session in a row, extending Monday's rebound past the 1.0700 level. The daily increase in the pair coincides with the continuation of selling pressure in the dollar ahead of the release of US inflation figures due later...
NZD/USD is now seen navigating a consolidative range between 0.6270 and 0.6450 in the next few weeks, suggest Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Bearish Flag Pattern detect on the chart , price may have a Bearish Pushdown.
The gold price (XAU/USD) remains depressed around $1,860 as sour sentiment underpins the US Dollar's early Monday rebound. Fears about US-China relations, as well as anxiety about the US Consumer Price Index (CPI) for January, could also put downward pressure on the XAU/USD. While expressing the mood, the S&P 500 Futures faded the previous day's corrective...
In the early European morning, the EUR/USD is consolidating losses below 1.0700. The currency pair is feeling the gravitational pull of a broadly stronger US Dollar and a risk-off marker profile. Investors are still concerned about the US-China trade dispute and the impending US CPI. EUR/USD lost more than 100 pips last week and is still consolidating below...
The USD/CAD pair has firmly recovered after establishing a cushion of around 1.3340 in the Tokyo session. The Loonie asset has extended its recovery above 1.3370 as investors become nervous ahead of the release of the US Consumer Price Index (CPI), pouring funds into safe-haven assets due to investors' lack of appetite for risky investments. The US Dollar Index...
Apple has long been regarded as the company that Wall Street despises. Sure, there are many fans of the iPhone maker, but as soon as any unfavorable factors emerge, analysts scatter, with everyone predicting that Apple has reached the end of its growth phase and that its glory days are over. Until the next earnings report, when so-called surprises about how...
Additional downward pressure On Thursday, the gold price confirmed a Bear Flag by closing the day below the rising trendline support at $1,871. The bearish continuation pattern has given gold sellers extra zeal as they challenge the critical 200 Moving Average at $1,855. "The downside bias remains favorable, with a sustained move toward the January 5 low of...
Breaking below 1.0681/69 would allow for another leg lower. The EUR/USD has maintained key support at 1.0681/69. This supports our base case scenario of a long period of ranging, with this level expected to define the low end of a new range. The recent false breakout above key resistance at the 50% retracement of the 2021/2022 fall at 1.0944 adds to the...
In the Tokyo session, the USD/JPY pair is approaching the critical resistance level of 132.00. The asset is seeing significant strength as a result of the risk-aversion theme and Bank of Japan (BoJ) Governor Haruhiko Kuroda's preference for expansionary monetary policy. The US Dollar Index (DXY) is aiming to break through the 103.00 resistance level as demand...
Following a three-day uptrend, the gold price (XAU/USD) struggles to extend week-start recovery moves, making rounds to $1,875 during Thursday's Asian session. The lack of buying interest in gold could be attributed to hawkish Federal Reserve (Fed) comments, as well as statements from US diplomats highlighting inflation fears. However, the easing of US-China ties...
EUR/USD remains under pressure around 1.0710, following a reversal from 1.0760, as bears maintain control for the fifth consecutive day on Thursday. In doing so, the major currency pair validates policymakers at the European Central Bank (ECB) and the Federal Reserve (Fed). It is worth noting that the relatively upbeat US data compared to Europe appears to support...
The Bank of England is expected to increase the interest rate by 50 basis points. There are two important things to focus on here: firstly, the bank’s take on the interest rate and how long it thinks inflation will take to come close to its target. Secondly, where is the upper limit of the bank’s interest rate.
Bullish Flag Pattern on Shiba Inu coin for a possible Long continuation. A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag.
In the last year, the price of Amazon stock has decreased by more than 30%. Following profits that were poorer than experts had anticipated in 2023, the company's shares had a temporary recovery. However, Amazon's long-term thesis is still compelling, and this could be a terrific opportunity to purchase the company during the current dip. This is due to a number...