GBP/USD found fresh supply on Tuesday and broke the streak of four consecutive days of gains. Rebounding US bond yields and risk aversion buoyed the safe-haven dollar and put pressure on it. The gloomy outlook for the UK economy favors the prospect of further losses amid Brexit woes. The pair GBP/USD saw some selling on […]
Tag: growth
AUD/USD remains defensive below 0.7200 amid USD strength
A combination of factors causes some selling around the AUD/USD on Tuesday. Global growth concerns weigh on the risk-sensitive Aussie amid a stronger USD. The pair’s move lower remains supported ahead of this week’s important macroeconomic releases. The pair AUD/USD has captured some buying at the 0.7160 zone on Tuesday and has recovered some of […]
Gold Price Forecast: XAU/USD reverses intraday decline, lacks continuation around $1,855
A softer risk tone helps safe haven gold reverse a modest intraday drop. The rebound in US bond yields benefits the dollar and caps the yellow metal’s gains. Investors are now awaiting this week’s key US macroeconomic data for further momentum. The gold has captured some buying in the $1,846 zone on Tuesday and has […]
USD/JPY Regains Lost Ground Amid Risk Appetite, But Lacks Bullish Conviction
USD/JPY recovered much of its intraday losses, although it lacked follow-through. Risk appetite undermined the safe haven JPY and extended some support to the pair. The dollar’s price action, which was very weak, failed to provide momentum and held onto the gains. On Thursday, the pair USD/JPY attracted some buying around 126.50 and regained some […]
Moody’s: G20 economies to grow 3.1% in 2022 vs. 5.9% growth in 2021
According to Moody’s latest global growth outlook, the G20 economies will grow at a rate of 3.1% in 2022down from the 5.9% growth rate in 2021, Reuters reported. Outstanding conclusions: Post-pandemic economic recovery faces a complex set of challenges. “We expect headline inflation rates to soften over the next year.” Many risks add to the […]
EUR/USD may retreat towards the 1.03 zone in the coming months – Rabobank
In the opinion of economists rabbank, slowing global growth is likely to leave the dollar well supported. Subsequently, the pair EUR/USD is ready to fall towards the 1.03 zone in the coming months. Risks to growth could significantly dampen EUR outlook “Despite the recent move higher in EUR/USD, we continue to see risk of another […]
USD/CAD remains under pressure at 1-week lows below 1.2820
USD/CAD moves lower for the third day in a row on Tuesday amid widespread dollar weakness. A good rally in equity markets triggers some profit taking around the safe haven USD. The recent rally in crude oil prices benefits the CAD and also weighs on the pair. The pair USD/CAD remains on the defensive during […]
AUD/USD remains negative around 0.6920, the decline seems supported
Disappointing Chinese macro data prompted fresh selling around AUD/USD on Monday. A softer risk tone is seen as another factor weighing on the AUD’s higher perceived risk. Falling US bond yields keep USD bulls on the defensive and help limit deeper losses in the pair. The pair AUD/USD remains on the defensive and is trading […]
EUR/USD: A clear break from the 2017 low at 1.0341 may make the pair a realistic target – Rabobank
The economists of rabbank They see the risk that the EUR/USD falls to 1.03 on a one month and three month perspective. What’s more, a clear break from the 2017 low at 1.0341 would make the pair realistic for the cross. Growth woes are depressing the medium-term outlook for the EUR “Despite the risk that […]
Copper falls 4% and threatens to break below $4
The price of copper resumes its falls due to a climate of risk aversion and fears about world demand. Copper (Comex) threatens to break the $4,000 level, on the LME it breaks the $9,000 level. Investors seek refuge in the US dollar. Copper has resumed its downward momentum after a temporary rebound on Wednesday. The […]