Joshua

UBS economists expect the US dollar to remain strong before softening as 2024 progresses. RBA will keep rates elevated until at least Q4 2024 The US dollar looks likely to remain well supported in the coming months thanks to relatively resilient US economic data. But as 2024 progresses, the dollar could weaken slightly in response […]

USD/CAD recovers from 1.3800 ahead of US CPI data. Economists expect the US core CPI to grow at a stable pace in October. The Fed’s Powell called current interest rates inadequate to control price pressures. The pair USD/CAD bounces after finding support near 1.3800 ahead of US inflation data for October. The pair rebounded amid […]

Wide yield differentials have led to USD/JPY to revisit its 2022 high near 152. Economists at TD Securities They analyze the pair’s prospects. Warnings of intervention in the foreign exchange market could be insufficient to signal a change in trend in the Yen Warnings of intervention in the foreign exchange market have intensified, but could […]

The DXY is cruising within a tight range still below 106.00. Further bullish momentum should test the 106.00 barrier. He US Dollar Index (DXY) It seems to continue to extend last week’s bounce, although the 106.00 area turns out to be a fairly strong barrier for the moment. Once above the 106.00 barrier, the US […]

EUR/USD trades inconclusively below 1.0700. Selling pressure could return to 1.0640. The pair EUR/USD traded inconclusively below 1.0700 at the beginning of the week. If the bears regain the initiative, they could drag the pair initially to the provisional 55-day SMA, today at 1.0639. Loss of this zone could open the door to a likely […]

EUR/JPY hits new highs for the year above 162.00. New increases are expected in the short term. He EUR/JPY manages to overcome the 162.00 barrier and hits new 2023 highs at the beginning of the week. On the short-term horizon, the cross could continue to rise. Conversely, the breakout of the 2023 high of 162.36 […]

The Dollar retreats a little and starts the week lower. Operators will keep the powder dry for Wednesday and Thursday. The Dollar Index is expected not to make any big moves with a light Monday calendar. He US dollar (USD) descends modestly, with the Australian dollar (AUD/USD) and the Polish Zloty (USD/PLN) as main winners […]

The price of Silver falls to around $22.00 awaiting inflation data from the United States. Fed Chairman Powell favored a new increase in interest rates. The US inflation report will show whether progress in easing inflation towards 2% has slowed. The price of the Silver (XAG/USD) fell sharply to near $22.00 as Federal Reserve (Fed) […]

In its monthly report on the oil market, the Organization of the Petroleum Exporting Countries (OPEC) left “the global oil demand growth forecast for 2024 unchanged at 2.25 million barrels per day.” Additional conclusions He advises against excessively negative sentiment in the oil market. The supply growth forecast for non-OPEC countries for 2023 increases by […]

The British pound retreated a bit on Friday. Commerzbank economists analyze the outlook for the GBP. The situation is likely to remain volatile for the British Pound According to preliminary data, the economy stagnated in the third quarter. However, it is no consolation that the release was slightly better, especially not for the BoE, as […]