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: 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: 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: 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