FX

Share: EUR/USD picks up bids to extend week-start rebound amid downbeat US Dollar, firmer sentiment. Receding fears of banking fallouts allow markets to take a breather from the previous risk aversion. Upbeat German data, hawkish ECB talks add strength to the Euro pair. ECB President Lagarde’s speech, US CB Consumer Confidence eyed for fresh impulse.

Share: In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, USD/CNH could now face some consolidation, likely within 6.8100-6.9200. Key Quotes 24-hour view: “We expected USD to trade in a range of 6.8150/6.8500 last Friday. However, it soared to a high of 6.8843 before closing on a

Share: Gold price has shifted its business below $1,980.00 after solid preliminary US PMI data. Solid PMI numbers could force the Fed to continue to hike rates further. Fed Kashkari cited recent stress in the banking sector could bring the US closer to recession. Gold price (XAU/USD) has shifted its auction below $1,980.00 in the

Share: GBP/USD finished the week on a lower note after it reached 1.234, the high of the week, but retreated as sentiment dampened. On Friday, the GBP/USD is trading at 1.2228, retracing 0.47% at the time of typing. Read More… The GBP/USD pair comes under intense selling pressure on Friday and extends the overnight retracement

Share: EUR/USD is set to finish the week with decent gains of 0.89%. US economic data was mixed, though it portrays a deceleration of the economy. ECB policymakers remain focused on tackling high inflation levels in the Eurozone. As the New York session finished, EUR/USD fell 0.64% or 69 pips. A risk-on impulse did not

Share: St. Louis Federal Reserve President James Bullard said on Friday that the United States remains in a position to see disinflation in 2023. They will see if the Fed may need to react more. He sounded optimistic, by saying the he expected the Fed to be dealing more with the strong economy in the

Share: The US Dollar Index advances for two days, forming a “morning star” candle chart pattern. Oscillators paint a mixed picture, though RSI could be turning bullish. A daily close above 103.26 will pave the DXY’s way to test 104.00 The US Dollar Index (DXY), which tracks a basket of six currencies against the US Dollar

Share: UK Manufacturing PMI contracts to 48.0 in March, a negative surprise. Services PMI in the UK comes in at 52.8 in March, a big miss. GBP/USD remains in the red near 1.2250 on disappointing UK PMIs. more to come … Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments

Share: EUR/USD stumbled and headed to the 1.0830s area after printing a weekly high at 1.0929. US jobs data suggests that the US Federal Reserve is not done raising rates. European Central Bank policymakers continue to emphasize that more hikes are coming. EUR/USD hit a seven-week high but reversed its course, dropping below 1.0900 as

Share: The Bank of England (BoE) is forecast to hike its key rate by 25 bps to 4.25%. In the view of economists at ING, GBP/USD is set to climb toward 1.25 in the coming days. BoE to hike “Markets are now fully pricing in a 25 bps scenario and will therefore look for some

Share: The GBP/USD is rallying sharply after the US Federal Reserve raised rates by 25 bps. Federal Reserve officials updated its dot-plot, with 10 out of 18 policymakers expecting another 25 bps rate hike by the end of the year. At the time of typing, the GBP/USD is trading volatile within the 1.2240-1.2300 range as traders brace

Share: EUR/USD preserved its bullish momentum and closed the fourth straight trading day in positive territory on Tuesday. Economists at ING expect the pair to surpass the 1.08 barrier. FOMC announcement can trigger some recovery in the Dollar “We think that today’s FOMC announcement can trigger some recovery in the Dollar, and therefore see mostly

Share: EUR/GBP bulls capped at the day´s highs ahead of key central bank meetings. Eyes are on the BoE, UK data and the Fed.  EUR/GBP is up some 1% on the day but is running into offers at the high of 0.8840.  The British Pound came under pressure ahead of the Federal Reserve and Bank of

Share: GBP/USD has continued to trade in a very tight range for the past month, hovering around the 1.20 level.  Economists at Morgan Stanley maintain a neutral stance with a bearish tilt. BoE to pause this week “We stay tactically neutral on GBP but continue to see risks skewed to the downside.” “We see the

Share: Silver is in the hands of the bulls. Bulls need to stay on the front side and Gold price H1 H&S is a concern. Banking crisis remains a key theme for safe havens. Silver has been climbing through the $20s over the course of the month so far ad reached a high of the

Share: The Pound seems to be holding up surprisingly better than other G10 peers. However, economists at ING expect the EUR/GBP pair to bounce back higher toward 0.88. Pound resilience in doubt “We had previously deemed GBP resilience versus the Euro during the banking turmoil as markets seeing the UK banking sector as not as

Share: Gold price surged on Friday, extending weekly gains to over $100.  New context of lower yields and banking jitters boost gold’s demand.  XAU/USD eye best week in years.  Gold price moved further to the upside during the American sessions, breaking above $1,980. Late on Friday, XAU/USD stands at $1,982 the highest level since April

Share: Next Thursday, the Bank of England (BoE) will announce its decision on monetary policy. A 25 basis point rate hike to 4.25% is expected. Analysts at Rabobank also see a quarter-point rate increase and warn that such scenario is not fully priced in the interest market, “which indicate that the chance of a hold