GBP/USD sees a downside to monthly lows at 1.3050 as the Fed looks to return to neutral rates quickly. GBP/USD is likely to slip to near 1.3050 on the hawkish stance from the Fed. The Fed may achieve the target of the neutral rate by the first quarter of 2023. Next week CPI numbers from the US and the UK will remain the key events to watch out. The GBP/USD pair...
EUR/USD looks to drop near 1.0850 on Ukraine crisis, hawkish ECB minutes EUR/USD is eyeing more downside as DXY strengths on discussions of restoration to neutral rates. The shared currency has failed to capitalize on hawkish ECB minutes and decent Retail Sales. Members of the UN Human Rights Council voted in favor of ceasing Russia as an associate. The EUR/USD...
EUR/USD has failed to stage a convincing rebound early Thursday. Hawkish tone in FOMC's March meeting minutes lifted US yields late Wednesday. Investors await ECB's Monetary Policy Meeting Accounts and Fedspeak. EUR/USD has extended its weekly slide on Wednesday and ended up closing the fifth straight trading day in negative territory. The pair managed to stage a...
My trading idea for #DeliveryHero - LONG / BUY Entry: 45.00 EUR Target: 91.00 EUR (+100% profit) Stop: 27.20 EUR Delivery Hero is currently forming a support line around the 39.00 EUR mark. The consolidation has formed higher highs for the moment. A breakout from the range is still awaited. Significant resistance for this is at 50.40 EUR. Delivery Hero has a...
S&P 500 retreats from 4600 on a dismal market mood, on Russia-Ukraine conflict The S&P 500, the Dow Jones, and the Nasdaq Composite recorded losses in a risk-off market mood, courtesy of Russo-Ukraine tussles. Russia insists on receiving natural gas payments in roubles, threatens to block proceedings in euros/dollars. Gold and the greenback are rising, while US...
NZD/USD Price Analysis: Crucial resistance of 0.7000, downside looks likely Confluence of psychological resistance of 0.7000 indicates the strength of bears. Kiwi bulls have surrendered their establishment above 61.8% Fibo retracement. The momentum oscillator RSI (14) seems losing its momentum after dropping below 60.00. The NZD/USD pair has displayed multiple...
XAU/USD is auctioning in a narrow range of $1,916.00-1,925.28 amid uncertainty over the FOMC minutes release. Gold prices are forming a diamond pattern that signals a bullish reversal after a prolonged consolidation. The DXY is approaching 100.00 amid a souring market mood. Gold (XAU/USD) is displaying a subdued performance on Wednesday after witnessing a steep...
A combination of factors dragged EUR/USD to a four-week low on Wednesday. The Ukraine crisis, uncertainty over the French elections weighed on the euro. Hawkish Fed expectations, the risk-off mood boosted the safe-haven greenback. Investors now look forward to the FOMC meeting minutes for a fresh impetus. The EUR/USD pair added to its recent heavy losses and...
Gold price remains choppy within a familiar range amid mixed market sentiment. The West mulls additional punishments on Russia, US Treasury yields head south. Gold price remains stuck between two key daily averages, Fed minutes eyed for a fresh direction. Gold price defied the bullish odds and rebounded from multi-day troughs of $1,916, as the worsening...
EUR/USD Looks Increasingly Vulnerable To A Decline. EUR/USD fell on Monday as fresh claims of Russian war crimes in Ukraine led to increased speculation of more punitive sanctions against Russia. The news, combined with other developments over the weekend, dented hopes of a possible de-escalation in the war last week. Added downward pressure on the euro also came...
GBP/USD has started to edge lower in the early European session. The pair could face renewed bearish pressure if 1.3100 support fails. Risk perception is likely to be the primary market driver on Monday. The British pound has started the new week in a calm manner but has started to inch lower toward 1.3100 in the early European session. The technical outlook...
Gold price kicks off a fresh week on a downbeat note, as bond rout extends. Hawkish Fedspeak, uptick in US wage inflation back aggressive tightening. Gold’s daily chart favors bears as Russia-Ukraine peace talks offer a ray of hope. Despite the below-forecast US Nonfarm Payrolls, the upward revisions to the previous release and hotter than expected earnings growth...
My BUY idea for ABOUT YOU: Buy: 12.50 EUR Target: 20,50 EUR (+64%) Stop: 9,75 EUR ABOUT YOU is a German online shop for clothing, shoes and accessories based in Hamburg. The company currently employs around 400 people from 25 countries. 1. the operating result (EBITDA) of the past year is slightly above market expectations. Below the line is an increase in...
Bearish wedge suggests more pain for gold bulls “The US Core PCE price index is due for release later on Thursday. Hotter inflation is likely to seal in a 50-basis points May Fed rate hike. Although concerns over a potential recession, in the face of the recent yield curve inversion and aggressive Fed’s tightening could have a major impact on the dollar and gold...
GBP/USD sticks to modest intraday gains, lacks follow-through beyond mid-1.3100s GBP/USD edged higher for the third straight day on Thursday amid modest USD weakness. Better-than-expected UK macro releases extended additional support to the British pound. Fed rate expectations, BoE’s dovish outlook warrants caution for aggressive bullish traders. The emergence of...
EUR/USD: Risks tilted toward a larger decline – Wells Fargo Analysts at Wells Fargo forecast a period of extended weakness for the EUR, with risks tilted to the downside. They see EUR/USD trading at 1.0800 by the end of the third quarter. Key Quotes: “We forecast a period of extended euro weakness; however, the risks are potentially tilted toward a larger...
Gold Price Forecast: XAU/USD to shrugg off US labour data – Commerzbank Gold is trading at just shy of $1,930 again. The ADP’s labour market data will be published in the US today, giving a foretaste of Friday’s official labour market report. However, its impact on the yellow metal should be limited. Under the influence of news about Ukraine war “The response of...
EUR/USD pushes further and clinches new multi-week highs. The greenback remains offered as risk-on mood persists. Germany Flash Inflation Rate next of relevance in the docket. The European currency extends the optimism for another session and lifts EUR/USD to fresh 4-week highs in the vicinity of 1.1150 on Wednesday. EUR/USD up on weaker dollar, looks to...