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AUD/USD attracts some buyers on Tuesday amid a weaker USD. China’s woes with COVID-19 and dovish Fed expectations could limit USD losses. The RBA governor’s comments fail to impress bulls or provide any momentum. The pair AUD/USD achieves some positive traction on Tuesday and recovers some of the previous day’s decline to one-week lows. The […]

Wells Fargo economists estimate that sterling will suffer in the coming monthsbetween a bleak economic outlook in the UK and a more dovish Bank of England. Sterling will underperform “We anticipate a prolonged recession in the UK, bolstered by the government’s fiscal consolidation in its autumn statement. As a result, we expect the Bank of […]

The Reserve Bank of Australia (RBA) delivers a speech titled “Price Stability, the Supply Side and Prosperity” on Tuesday at the Australian Economic Development Committee annual dinner. Featured Statements The Council expects further increase interest rates in the future. This is not a set path, but could return to 50 basis point moves or leave […]

GBP/USD moves higher on Tuesday amid subdued demand for the dollar, though it lacks bullish conviction. China’s issues with COVID-19 and geopolitical risks should limit any significant drop in the USD. A bleak outlook for the UK economy is weighing on sterling and helping to constrain the pair. The pair GBP/USD It struggles to capitalize […]

NZD/USD regains some positive traction on Tuesday amid some minor USD weakness. China’s problems with COVID-19 and signals from the Fed should benefit the dollar. Traders also look reluctant ahead of Wednesday’s RBNZ and lsd FOMC minutes. The pair NZD/USD attracts some buying on Tuesday and reverses some of the previous day’s losses to levels […]

Wells Fargo economists see the strengthening of the Japanese currency in the medium term, with the aim of reaching a USD/JPY exchange rate of 135.00 in the first quarter of 2024. The Fed will stop raising rates in early 2023 “Although we anticipate that the strength of the US dollar will continue into early 2023, […]

The economists at Crédit Agricole CIB Research believe that the EUR/USD pair may have already reached a high near 1.05 In the past week. A recession will be hard to avoid “The Euro did not benefit much from the broad risk appetite tone that saw gains in equities coupled with a sharp correction in energy […]

The GBP/USD is now seen within the 1.1680-1.1940 range in the coming weeks, suggest economist Lee Sue Ann and UOB Group market strategist Quek Ser Leang. Featured Comments 24 hour view: “Our view that GBP/USD would consolidate between 1.1820 and 1.1940 yesterday was incorrect as it plunged to a low of 1.1780. Despite the decline, […]

Markets are in a state of uncertainty with Wall Street indices closing lower on Monday as investors face a lockdown from China due to Covid outbreaks that could put pressure on the supply chain again. The Chinese capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic.. Markets have […]

This is what you need to know to trade today tuesday november 22: The US dollar appears to have lost steam early on Tuesday after posting impressive gains against its main rivals on Monday. The Dollar Index remains slightly above 107.50 and the 10-year US Treasury yield continues to move sideways around 3.8%. Meanwhile, US […]