The Dollar Index is holding steady after last week’s choppiness. OCBC Bank economists warn that a head and shoulders pattern could be forming, which implies a reversal in the trend in the DXY. A forming head and shoulders pattern? “On the weekly chart, the bearish momentum remains intact and should support the overall downtrend. Price […]
Joshua
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
S&P 500: Futures with modest gains in calm start to strong week
A week loaded with decisions from the Fed, ECB and BoE begins. Equity market is mixed, Wall Street futures up slightly. The dollar is falling particularly against European currencies. The markets start a week calm that will have key data and events. Wall Street futures rose modestly while the main European markets trade in the […]
EUR/GBP will gradually move towards 0.89 in the next six months – Rabobank
The EUR/GBP pair has been relatively stable this year despite the uptick in volatility in other currencies. The Rabobank economists expect the pair to rise to 0.89 six months ahead. EUR/USD could drop below parity again next year if gas prices soar again “Despite the possibility of further BoE tightening vis-Ã -vis the ECB, the pound […]
EUR/USD extends the rebound and surpasses 1.0550
A key week begins that includes a decision by the Fed and the ECB. EUR/USD finds support above 1.0500 and breaks above 1.0550. Bias remains bullish, capped below 1.0600/1.0590. EUR/USD is rising on Monday driven by the weaker dollar. The pair climbed to 1.0566, marking a new daily high and remains close to that level […]
Gold Price Forecast: XAU/USD falls after four days of gains, without confirmation above $1800
Gold cuts its bullish streak and falls to the $1,785 area. The decline in the metal occurs despite a positive context with rises on Wall Street and a drop in yields. The Prayed It is falling on Monday, ending a streak of four consecutive days with increases. XAU/USD is pulling back after trading above $1800 […]
Key week for the 2023 issues that will determine the fate of the dollar – ING
A crucial week awaits us for the foreign exchange market and the global asset markets. The two key events are the CPI for November and the FOMC meeting on Wednesday. The economists of ENG They look at how the dollar might react to these risks. DXY near the 105.00 level ahead of US CPI. “This […]
Senior US officials visit China and meet with Vice Minister of Foreign Affairs
According to a Chinese Foreign Ministry spokesman, Wang Wenbin, quoted by Reuters, the US Assistant Secretary of State for East Asian Affairs, Daniel J. Kritenbrink, and the Senior Director for China Affairs of the White House National Security Council , Laura Rosenberger, and Chinese Vice Foreign Minister Xie Feng held a meeting on Sunday and […]
Forex Today: Markets Turn Cautious Ahead of Big Week for Central Banks
This is what you need to know to trade today Monday December 12: Markets appear to have turned cautious at the start of the week, with participants staying on the sidelines ahead of expected central bank monetary policy announcements and high-level macroeconomic data releases this week. The dollar index The US remains above 105.00 after […]
GBP/USD to suffer a downward correction instead of a new crash – HSBC
The HSBC economists expect GBP/USD to gradually decline, but a big crash is unlikely. Some short-term bearishness for the GBP “We expect some sterling to fall in the near termin a context of vulnerable risk appetite and a moderate rise of 50 basis points by the Bank of England (BoE) at its meeting on December […]
Four Key Differences Between Gold and Silver – Morgan Stanley
To a greater or lesser extent, Both Gold and Silver can serve as a hedge against a possible economic or market recession, as well as during prolonged periods of rising inflation.. The economists of Morgan Stanley They point out four factors to take into account when investing in Gold or Silver. Silver may be more […]
