AUD/USD regains positive traction and reverses much of Friday’s decline. Stability in financial markets benefits AUD amid modest USD weakness. Aggressive Fed expectations should act as a tailwind for the USD and limit the pair’s upside. The pair AUD/USD has attracted some buying near the 0.6915 area on Monday and has reversed much of the […]
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ECB: There is a great determination to face the risk of fragmentation – Mario Centeno
The member of the Governing Council of the European Central Bank (ECB), Mario RyeHe stated on Monday that there is a great determination to face the risk of fragmentation. Featured Comments The anti-fragmentation instruments will only be used when necessarybut I hope they are not used. We are talking about instruments (against fragmentation) that allow […]
ECB: Central bank does not target specific spread levels for indebted countries – Martins Kazaks
The European Central Bank (ECB) does not target specific spread levels for indebted countriesthe central bank’s chief policy officer told Reuters on Monday, Martins Kazaks. Featured Statements “We try to ensure proper transmission.” “It’s hard to see the rise in spreads as being driven by changes in fundamentals.” “Investors should not get carried away by […]
S&P 500: December target lowered to 3,900 – UBS
The more aggressive line of central banks adds to the headwinds of economic growth and equities. UBS economists have lowered their forecast for the S&P 500 to 3,900 points for December. Euro Stoxx December target cut 15% to 3,400 “We now anticipate a Smallest ride up for stocks this year, as slowing economic growth weighs […]
USD/JPY remains defensive amid dollar weakness, decline looks supported
USD/JPY sees a modest intraday pullback from near two-decade highs. The recent pullback in US bond yields weighs on the dollar and puts some pressure on the pair. The divergence between Fed and Bank of Japan monetary policy should limit losses and warrants caution on the bears. The pair USD/JPY has attracted some sellers near […]
GBP/USD holds above 1.2200, lacks bullish conviction
GBP/USD gains some positive traction on Monday amid the appearance of some selling around the USD. The recent drop in US bond yields and stable risk sentiment weigh on the USD as a safe haven. The fundamental backdrop warrants some caution before opening any bullish positions around the pair. The pair GBP/USD has shown resistance […]
UK: Pay rises above inflation will make it harder to cut inflation – Simon Clarke
The UK Treasury Secretary Simon Clarkewarned on Monday in a statement that if the Government bonus or salary increases above inflation, it will find itself in a difficult situation, in terms of reducing inflation. Featured Statements “We have to be sensible about bonuses or salary increases“. “We can’t have wage increases above inflation because that, […]
Forex Today: The dollar falls at the beginning of the week, the focus is on Lagarde’s testimony
This is what you need to know to trade today Monday June 20: The markets have started the new week with a cautious tone while investors await speeches from central bankers. The US dollar DXY index, which managed to post modest gains last week, is tilting lower at the start of the European session on […]
EUR/USD will trade between 1.0350 and 1.0650 in the coming weeks – UOB
Forex Strategists UOBGroup Lee Sue Ann and Quek Ser Leang, noted that EUR/USD is expected to trade between 1.0350 and 1.0650 in the coming weeks. 24 hour outlook: “Our expectations that the euro’s rapid rise would continue failed to materialize as it fell to as low as 1.0443. Despite the decline, bearish momentum has not […]
GBP/USD faces a mixed short-term outlook – UOB
According to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang, the GBP/USD should navigate within the range of 1.2040-1.2400 In the next weeks. Key comments 24 hour view: “We expected further strength from GBP/USD last Friday. However, GBP/USD fell to as low as 1.2174 before bouncing back. Current price action appears to […]
