Euro holds firm, yen struggles ahead of bumper central bank week By Reuters

© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee and Amanda Cooper LONDON/SINGAPORE (Reuters) – The euro got a lift on Tuesday from a report that indicated the European Central Bank may soon start discussing how to drain some of

ECB to wait until at least Q3 2024 before cutting rates

Share: 41 of 70 economists polled by Reuters said that they expect the European Central Bank (ECB) to wait until at least the third quarter of 2024 before lowering rates. All 70 economists said they expect the ECB’s key deposit facility rate to remain unchanged at 4% through to year-end. Market reaction The

Dow, Nikkei & CAC40 Edge up in Morning Trading

Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nikkei 225, CAC 40 Analysis and Charts ​​​Dow holds above trendline support ​After Friday’s slump the index struggled to make much headway on Monday.​The 35,000 level is the barrier to any short-term upside, beyond which the highs of August towards 35,800 loom. For the moment,

CADJPY: Ahead of Canadian CPI

The CPI figures for Canada will be closely watched today, as predictions point to an increase. Headline inflation is forecast at 3.8% y/y, up from 3.3% y/y in July. If this happens, it will be the third consecutive month that the inflation rate has increased, reaching the highest level since April and far exceeding the

Xsolla Launches Mall, An Online Destination For Video Games

Xsolla, a global video game commerce company, has announced a new online destination called Xsolla Mall. This platform allows video games to host multiple landing pages where players can access exclusive in-game items, game discounts, and premium experiences directly from developers and publishers or via campaigns with content creators and payment providers. Developers can showcase

GBP/USD, EUR/GBP Show that Sterling Remains Pressured

British Pound, GBP/USD, GBP/JPY – Technical Update: Recommended by Daniel Dubrovsky How to Trade GBP/USD The British Pound may be readying to extend its losing streak against the US Dollar. For context, GBP/USD has been aiming lower since breaking under a bearish Head & Shoulders chart formation, opening the door to an increasingly downward technical

EUR/USD, EUR/JPY, EUR/GBP, Price Setups

Euro Vs US Dollar, Japanese Yen, British Pound – Outlook: EUR/USD looks deeply oversold as it tests strong support. EUR/GBP is attempting to break above a minor resistance; EUR/JPY looks heavy. What is the outlook and the key levels to watch in key Euro crosses? Recommended by Manish Jaradi How to Trade EUR/USD The euro

Russian rouble pares some gains after central bank hikes rates By Reuters

© Reuters. FILE PHOTO: A view shows a Russian one rouble coin in front of a screen in this illustration picture taken August 22, 2023. REUTERS/Maxim Shemetov/Illustration/File Photo By Alexander Marrow (Reuters) -The rouble strengthened on Friday but gave up some intraday gains after the Bank of Russia raised interest rates to 13%, a move

Further decline likely below 1.0630 – UOB

Share: EUR/USD risk extra losses below 1.0630, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: We expected EUR to consolidate in a range of 1.0645/1.0695 yesterday. EUR then traded in a range of 1.0653/1.0698 before closing at 1.0690 (+0.33%). The underlying tone has firmed