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In an interview with MNI on Monday, European Central Bank (ECB) chief economist Philip Lane said that The central bank will study the possibility of reducing its rate hike rate at its meeting on December 15. Featured Comments “There is no longer a basis for considering a very large raisesuch as 75 basis points”. “The […]

The EURUSD continues to fall in calm markets. ING economists believe that can reach 1.02. PMIs in the spotlight this week “In addition to the ongoing wall of speakers from the European Central Bank, the November flash PMIs for the Eurozone, Germany and France will be released this week. The composite PMIs are expected to […]

The NZDUSD recaptured the 0.62 level for a brief period, but closed again at 0.6150. This week everything revolves around RBNZ. LANZ Bank economists expect them to be hawkish, which will support the Kiwi. This week it’s all about the RBNZ “We expect a 75 basis point rise from the RBNZ and a higher trajectory, […]

The USDJPY is facing a larger trading range, probably between 138.50 and 142.50in the coming weeks, suggest UOB Group economist Lee Sue Ann and market strategist Quek Ser Leang. Featured Comments 24 hour view: “Last Friday, we held the view that USDJPY was unlikely to move further” and expected it to “trade between 139.50 and […]

Sayuri Shirai, a former Bank of Japan board member and candidate for deputy governor of the central bank, has urged the Bank of Japan to adjust interest rates more flexibly in response to cyclical economic swings. Additional comments “The Bank of Japan needs to take a hard look at its stimulus program.” “Given the lack […]

GBPUSD comes under further selling pressure on Monday amid some buying around the dollar. China’s woes from COVID-19 and geopolitical risks turn out to be key factors that benefit the dollar. A bleak outlook for the UK economy is weighing on the GBP and contributing to the selling tone around the pair. The pair GBPUSD […]

USDCAD rises to a 1.5-week high, supported by a combination of factors. Bearish oil prices weigh on the CAD and lift the pair amid sustained USD buying. The technical and fundamental setup supports the prospects for a further appreciation move. The pair USDCAD extends last week’s bounce from the support of the 100-day SMA and […]

Preliminary data from CME Group for the crude oil futures markets indicated that traders reduced their open interest positions by nearly 12,000 contracts on Friday, partially reversing previous buildup. Volume, on the other hand, increased for the second day in a row, this time by more than 133,000 contracts. WTI: The September low near $76.00 […]

USDJPY rises for the fourth day in a row and hits a one-week high on Monday. Some USD continuation buying continues to offer support for the pair amid the monetary policy divergence between the Fed and the BoJ. A sustained move above the 141.00 level is needed to support prospects for further gains. The pair […]

Goldman Sachs economists they expect the United States to narrowly avoid a recession next year as the European economy shrinks. Meanwhile, it is anticipated that the China’s GDP to rise slowly in the first half of 2023, then accelerate as covid restrictions are eased. A mild recession in Europe “We expect a global growth of […]