© Reuters. Investing.com – The U.S. dollar steadied near a six-month peak in early European trade Thursday, boosted by signs of a resilient U.S. economy even as the global outlook weakened. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 104.897,
Share: Further advance could see USD/CNH testing the 7.3500 zone in the short-term horizon according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: Yesterday, we held the view that USD “is likely to rise further even though it is unlikely to reach 7.3500.” We
POUND STERLING ANALYSIS & TALKING POINTS BoE guidance & UK housing price report weigh negatively on GBP. US in focus later today. Head & shoulders breakout opens up subsequent support zones. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD FUNDAMENTAL BACKDROP The British pound faced some stiff competition from the US dollar yesterday
European markets are heading for a lower open today (Thursday) with investors looking ahead to the Q2 GDP and employment change over the same period. Data continues to come in very weak from Germany where Industrial Production just showed a further decline after Factory Orders plummeted again yesterday (-11.7% m/m). This also plays a role
The US data has started to miss expectations in the past few weeks which gave Gold a tailwind as it’s sensitive to interest rates expectations. In fact, we saw the market repricing expectations on the more dovish side with no more rate hikes expected and rate cuts starting to be priced as soon as June
Australian Dollar, AUD/USD, AUD/JPY, Symmetrical Triangle – Technical Update: Australian Dollar remains pressured after recent losses AUD/USD closed at its lowest since early November Meanwhile, AUD/JPY is facing a Symmetrical Triangle Recommended by Daniel Dubrovsky Get Your Free AUD Forecast The Australian Dollar closed at its weakest against the US Dollar since early November, opening
Euro, EUR/USD, US Dollar, Treasury Yields, ECB, Knot, EU Inflation, Crude Oil – Talking Points The Euro held firm again today as the US Dollar pauses in its climb Australia and China missed estimates on their respective trade surpluses Market pricing of an ECB hike might be questioned. Would it boost EUR/USD? Recommended by Daniel
OPEC+ supply restrictions were extended, and U.S. oil and cloth both hit more than nine-and-a-half-month highs. Saudi Arabia and Russia’s strategy to further deplete inventories is being felt across the oil market. The December-December spread for West Texas Intermediate crude, favored by oil hedge funds, rose to its widest level since late 2022. Brent, the
© Reuters Investing.com– Most Asian currencies moved in a tight range on Thursday, while the dollar steadied near six-month highs as signs of sticky U.S. inflation spurred continued concerns over a hawkish Federal Reserve. Weak economic data from China also dented sentiment towards Asian markets, with both and in the country continuing to decline through
Share: GBP/USD remains flat around 1.2500, near a three-month low hit on Wednesday. The pair holds below the 50- and 100-hour EMAs on a one-hour chart. The first support level is located at 1.2465; immediate resistance level is seen at 1.2515. The GBP/USD pair consolidates its recent losses around 1.2500 during the Asian
