Euro Analysis Markets price in the same amount of rate cuts for the ECB as they do in the US EUR/USD contemplating a reversal after surpassing the 200 SMA Risk events: US retail sales and central bank speakers The analysis in this article makes use of chart patterns and key support and resistance levels. For
Article by IG Senior Market Analyst Axel Rudolph FTSE100, DAX 40, S&P 500 Analysis and Charts FTSE 100 rallies on softer US and UK inflation The FTSE 100 is on track for its third consecutive day of gains on softer US and UK inflation with the early November high at 7,484 being retested. Further up
Share: USD/CAD trades with a mild negative bias and is pressured by a modest USD downtick. The uncertainty over the Fed’s rate-hike path should help limit any meaningful USD fall. Bearish Oil prices might continue to undermine the Loonie and lend support to the pair. The USD/CAD pair ticks lower during the Asian
Share: Nonfarm Payrolls surprised expectations to the downside in October. This brought the USD lower from its high ground. Economists at TD Securities analyze Greenback’s outlook. A topping out of 10Y yields and US rates vol will help revive the high-quality carry currencies Both the headline jobs number and wage data came on
Gold (XAU/USD) Analysis Gold’s Bullish Momentum Weighed Down by General Lift in Sentiment The FOMC statement and presser resulted in a reduced expectation that the Fed will hike rates in December – the final meeting for the year. Jerome Powell attempted to keep the door open for another rate hike after expressing that the majority
Share: USD/CNH picks up bids to extend week-start rebound despite upbeat China. China Caixin Services PMI for August eases to 51.8 versus 54.1 previous readings. Doubt about China’s capacity to defend economic recovery with stimulus weighs on Yuan as full markets return. Country Garden news, China Commerce Ministry updates prod USD/CNH bulls even
Share: AUD/USD gains positive traction on Friday and snaps an eight-day losing streak to the YTD low. Hope for more stimulus from China prompts intraday short-covering amid a mildly weaker USD. The Fed’s hawkish outlook and looming recession risks limit the USD losses and cap the major. The AUD/USD pair builds on the
Gold, Silver Analysis Gold Extends Decline Ahead of US Inflation Print Gold extends declines midway through the week in what could land up being three consecutive weeks of declines. However, more recent price action appears detached from the commodity’s usual influencers, the US dollar and US treasury yields. The dollar benchmark or US dollar basket
STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content on this site is not a solicitation to trade or open an account with any US-based brokerage or trading firm By selecting the box below, you are confirming that you are not a resident of the United