Lee Sue Ann, an economist at UOB Group, and Quek Ser Leang, a market strategist, suggest that EURUSD could advance further in the short term. Featured Comments 24 hour view: “We expected EURUSD to “trade between 1.0265 and 1.0365″ yesterday. Our view was not wrong as EURUSD traded between 1.0270 and 1.0358. Prices suggest the […]
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.
Guangzhou reports twice as many covid cases
Guangzhou reports 5,124 new local Covid-19 cases until 0:00 on November 15. The new cases of coronavirus have been shot in Guangzhou and other Chinese cities, official data showed last week. Guangzhou is the world’s manufacturing hub and is becoming the latest epicenter of COVID-19 in China and is testing the city’s ability to avoid […]
EURUSD continues to struggle around 1.0350 with a view to Eurozone GDP
EURUSD struggles around 1.0350 in the absence of any possible triggers. The Fed’s Brainard supported the view to cut the pace of rate hikes given the sharp drop in the October inflation report. Looking ahead, the GDP of the Eurozone will be of paramount importance. The pair EURUSD it is sensing a limited upside around […]
Gold Price Forecast: XAUUSD moves to the back of micro uptrend
Gold could be about to enter the recent long built on the November rally. Bears are on the lookout for critical resistance as it sets a new corrective high on Monday. Despite the strength of the dollar, the price of gold rose on Monday to a new three-month high, even as US yields rose after […]
NZDUSD holds on to gains above 0.6100 amid USD strength
The strength of the US dollar causes most of the G8 currencies to weaken, except for the New Zealand dollar. Vice Chair Brainard boosted hopes that the Federal Reserve could slow its pace of interest rate hikes. New Zealand dollar (NZD) traders are focused on housing data, due to be released around 21:30 GMT. The […]
SNB: There is a “high probability” that the SNB will have to tighten its monetary policy — Thomas Jordan
Swiss National Bank President Thomas Jordan who recently hinted that the central bank was going to raise interest rates further, saying “resolute action” was needed to curb rising prices, told trade today that it is “highly likely” that the SNB will have to tighten monetary policy further, as inflation is likely to remain high for […]
USDCAD bulls are eyeing a major correction
USDCAD is about to rise as the US dollar reaffirms. WTI is pressured by the Covid cases in China, taking a toll on the CAD. The USDCAD tracks higher on Monday, partly on lower oil prices and the dollar’s recovery against a basket of major currencies. The dollar rallies as investors keep their eyes on […]
Fed: Slowing Rate Hikes Will Be Appropriate “Soon” — Lael Brainard
Fed Vice Chair Lael Brainard said Monday that it will soon be appropriate for the Federal Reserve to slow its rate hikes. “I think there is very strong agreement among the committee members about the need to show determination,” Brainard said in an interview with Bloomberg in Washington. “But we have, and I think this […]
Forex Today – Asian Session: Pressure Continues on USD
Things to watch out for on Tuesday, November 15: The US dollar enjoyed some temporary demand earlier in the week, but quickly resumed its slide ahead of the US open, ending the day near its recent lows against most major rivals. The markets saw the appreciation of the dollar in the short term as an […]
USDCHF falls back towards 0.9400 after hawkish statements by Jordanian SNB
Federal Reserve members insisted on the need to prolong rate hikes, albeit at a slower pace, which strengthened the dollar. The Swiss franc continues to strengthen against the US dollar. Based on the data, SNB Governor Thomas J. Jordan said they could raise rates in December. USDCHF Price Analysis: Will continue to weaken once above […]
