USD/JPY sees some selling on Thursday and pulls back from 24-year highs. Recession fears and risk aversion sentiment are benefiting the safe haven yen and putting some pressure on the pair. Falling US bond yields are keeping dollar bulls on the defensive and contributing to the pair’s selling bias. The divergence between the monetary policies […]
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EUR/USD could remain weak on ECB caution, weighing more on XAUUSD – Commerzbank
Tomorrow the inflation figures for the eurozone in June will be published. The European Central Bank (ECB) could leave the euro under downward pressure – also weighing on gold – if it sticks to just 25 basis points (bps) higher at its next meeting, strategists at Commerzbank. The ECB risks falling behind other central banks […]
Gold Forecast: XAU/USD looks vulnerable near two-week lows, focus on US PCE.
Gold weakens near a two-week low amid prospects for aggressive Fed rate hikes. Recession fears, falling US bond yields and modest dollar weakness offer some support. Recent repeated failures near the 200-day SMA support the prospect of further losses. The Prayed it trades with a slight negative bias for the fourth day in a row […]
Forex Today: Safe Haven Flows Return, Spotlight on US PCE Inflation Data
This is what you need to know to trade today Thursday June 30: The safe haven money flows dominate financial markets early on Thursday with major European equity indices suffering heavy losses. The DXY dollar index remains relatively calm near 105.00 after a two-day rally. The United States Bureau of Economic Analysis will publish the […]
USD/JPY: Outlook remains positive and could retest 137.50 – UOB
According to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang, further bullish momentum could take USD/JPY to the 137.50 region short term. Featured Comments 24 hour view: “Yesterday we highlighted that ‘further USD/JPY advance is not ruled out, but given overbought conditions, a sustained rally above major resistance at 136.50 is unlikely’. […]
USD/CAD climbs back above 1.2900 and flirts with weekly high
USD/CAD gains ground for the second day in a row and approaches weekly high. The pullback in crude oil prices weighs on the CAD and supports the upside move in the pair. An aggressive Fed and recession fears favor USD bulls and support prospects for further gains in the pair. The pair USD/CAD has built […]
GBP/USD: Downside pressure improves – UOB
GBP/USD could drop and revisit the 1.2040 zone in the coming weeks, suggest UOB Group currency strategists Lee Sue Ann and Quek Ser Leang. Featured Comments 24 hour view: “Yesterday we highlighted that ‘the rapid decline in GBP/USD appears to have room to break major support at 1.2165’. We added that ‘oversold conditions suggest the […]
United Kingdom: GDP for the first quarter meets forecasts and falls to 0.8%
The Gross Domestic Product (GDP) of the United Kingdom it has met expectations, falling five tenths in the first quarter of 2022 compared to the fourth of 2021. The indicator stood at 0.8% compared to the previous 1.3%, its lowest figure in a year. The Annualized GDP has grown 2.1 percentage points, reaching 8.7% vs. […]
EUR/USD risks further pullback – UOB
UOB Group currency strategists Lee Sue Ann and Quek Ser Leang noted that the EUR/USD faces strong support around 1.0350 at the moment. 24 hour outlook: “Yesterday we highlighted that bearish momentum had improved and the risk was to the downside. We added that any weakness was likely to be met by strong support at […]
Cameron Diaz returns to the screen with Jamie Foxx to star in a new film
Cameron Diaz is officially back! The 49-year-old Hollywood star, who in 2018 announced his retirement from acting, returns to the world of cinema to star, alongside Jamie Foxx, in the Netflix comedy back-in-action, the perfect project for Diaz’s big comeback. The great news was shared through the official Twitter account of Foxx himself, who is […]
