FX

Share: Silver gains strong positive traction on Thursday and touched its highest level since early February. The technical setup favours bullish traders and supports prospects for a further appreciating move. A convincing break below the $22.00 mark is needed to negate the near-term constructive outlook. Silver catches fresh bids on Thursday, following the previous day’s

Share: The British Pound pulled back from the highest level against the dollar in eight weeks on Wednesday, a high made as worries about the health of the global financial system continued to ease. At the time of writing, GBP/USD is down some 0.2% after falling from a high of 1.2361 to a low of 1.2302. Read More…

Share: Yesterday, the Hungarian Forint rallied noticeably after the central bank kept all policy parameters on hold. Economists at ING expect the EUR/HUF pair to ove below the 380 level for the rest of the week. NBH will remain cautious, patient and disciplined “The most important takeaway from this month’s rate-setting meeting is that the

Share: AUD/USD supported on the approach to 0.6720s resistance.  Traders will turn to the Aussie CPI event as a potential catalyst. AUD/USD is higher on the day by some 0.75% after rising from a low of 0.6644 to score a high of 0.6710 on Tuesday. A risk on appetite is supporting the high beta currencies

Share: EUR/USD trades above the 1.08 mark. Economists at ING expect the pair to edge higher toward the 1.10 level. Schnabel keeps hawkish tone going “Isabel Schnabel reinforced her profile as one of the most hawkish members of the ECB governing council yesterday, as she said she wanted the ECB March statement to include a

Share: Bank of England’s Andrew Bailey has crossed the wires and said that the central bank has to be very alert to any signs of persistent inflationary pressures. Key notes If they become evident, further monetary tightening would be required.    MPC´s response will be firmly anchored in the emerging evidence.    Evidence has pointed to more resilient

Share: Federal Reserve’s (Fed) advisor and Chief Economist at KPMG, Diane Swonk, told MNI on Monday, the “Fed’s’decision Wednesday shows the central bank is strongly considering a halt to monetary tightening including an end to balance-sheet runoffs because of what could prove a substantial drag on the economy and inflation from the recent banking crisis.”

Share: President Vladimir Putin said Saturday that Russia plans to station tactical nuclear weapons in neighboring Belarus. A special storage facility for tactical nuclear weapons in Belarus is to be built and installed by the beginning of July, Putin told state broadcaster Russia 1. Putin said Russia had helped Belarus convert 10 aircraft to make them

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: Gold price back at $2,000 after Fed meeting. Economists at Commerzbank expect the yellow metal to see renewed downside pressure as the market will be forced to correct its expectation of a rapid interest rate turnaround again. Robust Swiss Gold exports to Asia in February “Currently the market expects key rates in the US

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: NZD/USD picks up bids to trim the first daily loss in three. Mixed sentiment, light calendar in Asia-Pacific allow Kiwi bears to take a breather. Yields stay depressed as banking woes, Fed’s dovish hike propel demand for bonds. First readings of US PMI, Durable Goods Orders should be eyed to predict the one last

Share: Silver price remains underpinned by a soft US Dollar and depressed US bond yields. XAG/USD Price Analysis: A daily close above $23.00 could exacerbate a rally toward YTD highs. Silver price advances sharply to fresh six-week highs in the North American session, courtesy of a weak US Dollar (USD), which remains downward pressured by

Share: GBP/USD has printed a fresh day’s high at 1.2330 as the USD index has continued its downside journey. The cable is auctioning in a Rising Channel chart pattern in which every pullback is considered as a buying opportunity. A range shift move by the RSI (14) into the bullish territory of 40.00-80.00 cement more

Share: The US Federal Reserve (Fed) announced on Wednesday that it raised the policy rate, federal funds rate, by 25 basis points to the range of 4.75-5% following the March policy meeting. This decision came in line with the market expectation. Follow our live coverage of the Fed’s policy announcements and the market reaction. Developing

Share: The UK CPIs Overview The cost of living in the UK as represented by the Consumer Price Index (CPI) for February month is due early on Wednesday at 07:00 GMT. Given the recently released mixed employment data, coupled with the firmer economic activity numbers and the doubts over the Bank of England’s (BOE) next

Share: Gold price drops on risk-appetite improvement, and US Treasury bond yields rising. US Treasury bond yields rise, with 10-year TIPS, a proxy for real yields advancing above 1.30%. The Federal Reserve will commence its two-day monetary policy meeting, expected to deliver a 25 bps rate increase. Gold price is tumbling across the board, down