EUR/USD: RISKS TO A BIG BREAK BELOW 1.10 ARE BUILDING – ING EUR/USD continues to trade near the lows and remains vulnerable. Economists at ING note that the pair is at risk of breaking below the 1.10 level. REMAINING...
USD/JPY COULD EXTEND THE UPSIDE TO 115.90 – UOB There is scope for USD/JPY to advance further and revisit the 115.90 zone in the next weeks, commented FX Strategists at UOB Group. KEY QUOTES 24-hour view: “The rapid rise in USD...
CRUDE OIL AND NATURAL GAS RALLY SEES NO END The Canadian dollar was little changed in the overnight session after the Bank of Canada decided to hike interest rates. The bank boosted rates from 0.25% to 0.50% in its...
EURUSD BREAKS SUPPORT ON HOPES ECB WILL BE CAUTIOUS The euro retreated against a key support level on Wednesday as investors predicted that the European Central Bank (ECB) will go slow on tightening as the crisis in Europe escalates....
US DOLLAR TO RACE HIGHER AS GEOPOLITICAL RISK REMAINS A KEY SOURCE OF UNCERTAINTY – UBS The developing humanitarian crisis is deeply concerning. Amid the current environment, economists at UBS think the US dollar should stand out and see...
AUD/USD DROPS BACK TOWARDS 0.7250 AS RUSSIA RE-IGNITES RISK-AVERSION AUD/USD is looking to extend the pullback after rejection just shy of 0.7300. Risk sentiment takes a big hit after Russia says will continue operations in Ukraine until it achieves its...
CRYPTOCURRENCIES REBOUND AS INVESTORS EMBRACE RISK-ON SENTIMENT American stocks retreated modestly on Monday as the tensions in Russia rose. The Dow Jones fell by more than 400 points while the S&P 500 fell by more than 20 points. The...
STOCKS FALL, OIL AND GOLD RISE AS TENSIONS INCREASE European stocks declined sharply on Monday as investors continued focusing on the escalating situation in Russia. In Germany, the DAX dropped by more than 2% as the main bourse suspended...
