The G20 leaders’ statement, published on Wednesday, stated that “G20 central banks are strongly committed to achieving price stability, in line with their respective mandates“. Additional comments Central banks will continue properly calibrating the rate of hardening of monetary policy based on the data and communicating it clearlywhile limiting contagion effects between countries. The independence […]
GBPUSD: Expectations of a break of 1.2100 – UOB decrease
The probability of a rally beyond 1.2100 in GBPUSD seems to be losing momentumsuggest economist Lee Sue Ann and market strategist Quek Ser Leang of UOB Group. Featured Comments 24 hour view: “Our view that GBPUSD “trades between 1.1680 and 1.1825″ yesterday was wrong, as GBPUSD rallied to 1.2027 and plunged to 1.1792 before bouncing […]
EURUSD faces a strong hurdle at 1.0480 – UOB
Economist Lee Sue Ann and UOB Group market strategist Quek Ser Leang suggest that EURUSD is expected to continue rising and find stiff resistance at the 1.0480 zone In the next weeks. Featured Comments 24 hour view: “We did not expect the volatility to rise as EURUSD traded erratically between 1.0278 and 1.0480 yesterday (we […]
COVID cases on the rise in China
Guangzhou has reported 6,296 new local cases of Covid-19 until 0:00 on November 16. Meanwhile, residents under Covid lockdown in the southern Chinese manufacturing hub have torn down barriers meant to confine them to their homes. The protests, in defiance of strict local orderstook place on Monday night in the streets of the district, as […]
United Kingdom: Annual inflation soars to 11.1% in October, its highest level in 41 years
The UK Consumer Price Index (CPI) stood at 11.1% in the interannual reading for October, reaching its highest level since October 1981. Inflation in September grew by 10.1%. The data published today by the National Statistics Office of the United Kingdom also worsens the market forecasts, since an increase to 10.7% was expected. The Annual […]
Forex Today: Geopolitics Drive Market Action Ahead of Key Data Release
This is what you need to know to trade today wednesday november 16: The escalation of geopolitical tensions it helped the safe-haven US dollar find demand late on Tuesday and allowed the DXY dollar index to erase most of its daily losses. As market participants weigh in on the latest news, US stock index futures […]
Gold Price Forecast: XAUUSD offered by new news from Poland
Gold benefits from risk appetite in markets on the news from Poland. The dollar could be about to undergo a major correction, putting a weight on gold. Gold price is heading higher on the day, now trading at $1,778 up 0.4% on news that at least two people have been killed after Russian missiles landed […]
USDJPY dips around 139.00 on US data and geopolitical tensions
The Producer Price Index in the United States slows down, which suggests the impact of the Federal Reserve’s policy. After two US inflation reports, the dollar weakened on hopes the Fed will pause rate hikes. Japan’s GDP contracted, justifying the loose policy of the Bank of Japan. The Russian missiles hit Poland, although confirmation remained […]
AUDUSD continues to advance as markets turn higher on the riot in Poland
AUDUSD bulls stay the course but find key resistance. Geopolitical risks have reared their ugly heads around the noise from Poland and Russia. AUDUSD is up around 1% and has rallied from a low of 0.6685 to test a key daily resistance line near 0.6800. However, there has been a failure because it has supported […]
Risk appetite in the markets due to the news that Russian missiles land in Poland, a NATO country, on the border with Ukraine
Wall Street is falling, with benchmark indexes at daily lows on news that at least two people have been killed after Russian missiles landed on the NATO state of Poland on the border with Ukraine, according to the Express. . Poland has called a meeting of the national security committee, according to a spokesman. Hungary […]