FX

In an interview with the Financial Times (FT) on Thursday, Bank of England (BoE) policymaker Jonathan Haskel warned against rushing to cut interest rates. Haskel said that “I think cuts are a long way off.” Additional quotes Fall in headline inflation is very good news. But what we really care about is persistence and underlying

Dow Jones is leading gains in pre-holiday session on Wednesday.  Wall Street Indexes are trading higher with one eye on Fed Governor Waller’s speech later today  Investors are looking from the sidelines ahead of Friday’s PCE Prices Index data. ​​​​​​ The Dow Jones Industrial Average (DJIA) is leading the major US stock indexes higher early

GBP/USD Price Analysis: Could test the level of 1.2600, next support at March’s low GBP/USD extends its losses for the second consecutive day, depreciating to near 1.2620 during the Asian session on Wednesday. The pair could test the psychological support level of 1.2600. If this level is breached, it could prompt the pair to revisit

The Australian Bureau of Statistics (ABS) will release the Monthly Consumer Price Index (CPI) Indicator for February on Wednesday, March 27 at 00:30 GMT and as we get closer to the release time, here are forecasts from economists and researchers of six major banks regarding the upcoming inflation data. Monthly CPI is expected to grow

Unlocking ASX Trading Success: FORTESCUE LTD – FMG Stock Analysis & Elliott Wave Technical Forecast Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with FORTESCUE LTD – FMG. We have identified that wave (v) may return to FMG to continue pushing higher, but it needs to be monitored closely until the

Economists at Société Générale analyze Gold (XAU/USD) technical outlook. Pause likely short-lived Gold recently gave breakout above multi-year rectangle denoting resumption in uptrend. It has staged an initial pullback after facing interim hurdle at $2,230 last week. Signals of large downside are not yet visible. Upper part of the pattern at $2,075/$2,065 should be a

USD/CAD attempts to continue its winning streak on Monday. Fed member Bostic forecasted only one interest rate cut instead of his earlier projection of two rate cuts in 2024. The higher WTI price might have provided support for the Canadian Dollar. USD/CAD maintains its position in positive territory after paring back some gains on Monday.

Investors continue to bet on the easing cycle beginning by June, led by incoming data. The Greenback is holding resilient despite the Fed’s somewhat dovish guidance and falling US Treasury yields. Next week, the US will release PCE figures from February. The US Dollar Index (DXY) is currently trading at a robust 104.428, marking the

Gold prices see second day of decline, falling to $2,159 after peaking at an all-time high of $2,223. The Federal Reserve’s dovish stance on interest rates keeps US yields down, except for US Dollar. Odds for Fed rate cut in June remain above 70% via CME FedWatch Tool. Gold prices drop for the second consecutive

Indicators flash oversold conditions on the daily chart. Contrarily, hourly chart indicators suggest a slow return of bullish impulse as the bears might have run out of steam. In Friday’s session, the NZD/USD declined just below the 0.6000 threshold, illustrating a bearish outlook as sellers continue to dominate the market. The pair is positioned below

AUD/USD has traded in the 0.6500 range through March – with a short rise above 0.6600. Economists at the National Australia Bank analyze the pair’s outlook. Aussie still expected to appreciate  Our expectation for an appreciation above 0.7000 in H2 2024 is contingent on the reversal of the broad strength shown by the USD over the

Lululemon Athletica plunges below $400. Full-year guidance cut to $250 million below consensus. LULU stock halts fall near long-time support at $386.50. Q4 earnings and revenue arrive above consensus. A Wall Street favorite, Lululemon Athletica (LULU) stock was dashed against the rocks on Friday due to management’s lower outlook for revenue in the current year.

NZD/USD pair loses ground after mixed PMI data from the United States. US Dollar strengthens despite lower US Treasury yields. New Zealand’s Trade Balance improved to $-11.99 billion. NZD/USD continues to lose ground on the second consecutive session on a stronger US Dollar (USD), which could be attributed to mixed data from the United States

The US Federal Reserve is moving closer to cutting interest rates. A first move at the meeting in June is still likely if the next inflation data show progress, economists at Commerzbank say.  Fed wants to gain more certainty that inflation has really been beaten While the Fed is moving towards lowering interest rates, it

Gold price gains strong positive traction for the second straight day and hits a fresh all-time high. The Fed’s projected three rate cuts this year weigh on the USD and benefit the yellow metal. The prevalent risk-on mood prompts some profit-taking amid slightly overbought conditions. Gold price (XAU/USD) trims a part of its intraday gains

The US Dollar sees its fifth consecutive gains starting to fade ahead of the Fed.  Traders brace for the Fed decision, with Powell and new economic projections on the docket.  The US Dollar Index slides back below 104.00 with gains being erased towards the Fed meeting. The US Dollar (USD) faces some hiccups with the Federal

EUR/USD attracts some buyers and moves away from a two-week low set on Tuesday. The technical setup warrants some caution for bullish trades ahead of the Fed decision. A sustained break below the 1.0835 confluence should pave the way for deeper losses. The EUR/USD pair edges higher during the Asian session on Wednesday and for

The US Dollar soars on Tuesday after Asian markets set the scene for a stronger Greenback.  Traders are letting the dust settle over the BoJ rate decision ahead of US housing data.  The US Dollar Index briefly hit 104.00 before retreating a touch.  The US Dollar (USD) jumped firmly in the green on Tuesday, giving