FX

Share: EUR/USD preserved its bullish momentum and closed the fourth straight trading day in positive territory on Tuesday. Economists at ING expect the pair to surpass the 1.08 barrier. FOMC announcement can trigger some recovery in the Dollar “We think that today’s FOMC announcement can trigger some recovery in the Dollar, and therefore see mostly

Share: EUR/GBP bulls capped at the day´s highs ahead of key central bank meetings. Eyes are on the BoE, UK data and the Fed.  EUR/GBP is up some 1% on the day but is running into offers at the high of 0.8840.  The British Pound came under pressure ahead of the Federal Reserve and Bank of

Share: GBP/USD has continued to trade in a very tight range for the past month, hovering around the 1.20 level.  Economists at Morgan Stanley maintain a neutral stance with a bearish tilt. BoE to pause this week “We stay tactically neutral on GBP but continue to see risks skewed to the downside.” “We see the

Share: Silver is in the hands of the bulls. Bulls need to stay on the front side and Gold price H1 H&S is a concern. Banking crisis remains a key theme for safe havens. Silver has been climbing through the $20s over the course of the month so far ad reached a high of the

Share: The Pound seems to be holding up surprisingly better than other G10 peers. However, economists at ING expect the EUR/GBP pair to bounce back higher toward 0.88. Pound resilience in doubt “We had previously deemed GBP resilience versus the Euro during the banking turmoil as markets seeing the UK banking sector as not as

Share: Gold price surged on Friday, extending weekly gains to over $100.  New context of lower yields and banking jitters boost gold’s demand.  XAU/USD eye best week in years.  Gold price moved further to the upside during the American sessions, breaking above $1,980. Late on Friday, XAU/USD stands at $1,982 the highest level since April

Share: Next Thursday, the Bank of England (BoE) will announce its decision on monetary policy. A 25 basis point rate hike to 4.25% is expected. Analysts at Rabobank also see a quarter-point rate increase and warn that such scenario is not fully priced in the interest market, “which indicate that the chance of a hold

Share: On Wednesday, the Federal Reserve will announce its decision on monetary policy. Analysts at Danske Bank see the Fed raising rates by 25 basis points despite recent turmoil amid banking sector jitters.  Fed cannot afford to stop tightening monetary policy “This week, the ECB emphasized that there is no trade-off between inflation and financial

Share: Financial turmoil weighs on investors’ mood and drags black gold lower. WTI bounced modestly after posting a fresh 2023 low of $65.22 a barrel. The barrel of West Texas Intermediate fell to $65.22 on Friday, its lowest since November 2022. It currently trades at around $67.30 a barrel, breaking lower amid financial turmoil weighing

Share: GBP/USD declined toward 1.2100 during the European trading hours but regained its traction amid renewed US Dollar (USD) weakness. The pair seems to have stabilized at around 1.2150 in the American session and remains on track to end the week in positive territory. Read More… The GBP/USD pair builds on the previous day’s strong move

Share: GBP/JPY oscillates in a narrow range and is influenced by a combination of diverging forces. Fears of a full-blown global banking crisis benefit the safe-haven JPY and act as a headwind. The BoJ’s dovish outlook should continue to lend support and limit any meaningful downfall. The GBP/JPY cross struggles to capitalize on the previous

Share: USD/JPY is almost flat during the North American session. Oscillators remain in bearish territory, but price action signals consolidation. USD/JPY Price Analysis: Sellers reclaiming 132.21 would exacerbate a fall toward 127.20s. USD/JPY rises after dropping to a fresh four-week low at 131.71 but stages a comeback and has reclaimed the 133.00 figure. Nevertheless, a

Share: When asked if China will recommence the import of beef and barley from Australia, Shu Jueting, a spokesperson at China’s Commerce Ministry, said at a regular news conference that “China is willing to discuss basic issues that concern both nations.” When asked if restrictions on the import of Australian coal have been lifted, he

Share: Credit Suisse shares tumbled on Wednesday amid increasing difficulties following the collapse of two US banks. The Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (FINMA) released a statement indicating that the “problems of certain banks in the USA do not pose a direct risk of contagion for the Swiss financial

Share: Citing a source familiar with the matter, Reuters reported on Wednesday that European Central Bank (ECB) policymakers are leaning toward a 50 basis points (bps) rate hike on Thursday.  Despite turmoil in the banking sector, policymakers expect inflation to remain too high in the Eurozone. Additionally, the Governing Council doesn’t want to damage its

Share: AUD/USD bulls come up to meet resistance near 0.6700.  Fed and RBA bets are driving AUD back and forth amid uncertainty.  AUD/USD is a touch higher by some 0.2% on Tuesday after rising from a low of 0.6631 and reaching a high of 0.6696 at the start of the New York session. Bulls are in

Share: The Kiwi is higher as the USD comes under pressure under the weight of falling rates and recession fears. Economists at ANZ Bank expect ongoing volatility. NZ considerations relegated to the background “Bond markets have taken the view that the Fed will hike just once more, and then start cutting by September, presumably on

Share: XAU/USD (Gold) commodity starts the week positively, trading at $1,906.70, up by 2.11% on the day. Increased market volatility and rising risk led to a surge in demand for safe-haven assets including Gold. Technical indicators, such as the daily 20-SMA and 50-SMA, suggest a potential bullish outlook. Due to risk aversion, US yields have