EUR/USD COULD SURGE ABOVE THE 1.06 LEVEL – ING EUR/USD is once again attempting to find some support in the upper half of the 1.05-1.06 range. Economists at ING believe that the world’s most popular currency pair could move...
GBP/USD TO RETURN TO THE 1.25 MARK AMID STABILISATION IN RISK SENTIMENT – ING The pound is finally finding some stability after a rough couple of weeks. Economists at ING expect the GBP/USD pair to climb back above the...
USD/JPY TO ENJOY SUBSTANTIAL GAINS TOWARDS THE 134.95 MARK – DBS BANK USD/JPY’s bullish momentum has been enhanced with the break of key neckline resistance at 127.30. The break of a Fibonacci extension resistance at 130.23 underpins further upside...
DAX, CAC 40, AND NASDAQ 100 SELL-OFF ACCELERATES Global stocks continued their sell-off on Monday as worries of the Federal Reserve continued. In the United States, futures tied to the Dow Jones, Nasdaq 100, and S&P 500 indices have...
NASDAQ 100 AND DOW JONES STRUGGLING AS EARNINGS GROWTH SLOWS Global stocks are still on edge as worries about the Federal Reserve continued. Futures tied to the DAX and Nasdaq 100 continued dropping in early trading. The sell-off accelerated...
AUD/USD DROPS TO MULTI-DAY LOW, CLOSER TO MID-0.7000S AMID REVIVING USD DEMAND/RISK-OFF AUD/USD faded the post-NFP spike and dropped to a fresh multi-day low. Rising US bond yields acted as a tailwind for the USD and exerted pressure. Sustained...
EUR/GBP RISES TO HIGHEST SINCE DECEMBER, APPROACHES 0.8600 The pound remains under pressure, still hit by the BoE meeting. Euro among top performers on Friday. EUR/GBP posting a weekly gain of almost 200 pips, the best in months. The...
AUD/NZD PRICE ANALYSIS: CORRECTION LIKELY TO EXTEND WHILE UNDER 1.1060 Wild week for AUD/NZD with NZ employment and a rate hike in Australia. Cross about to end week with gains although far from the top. Correction could extend next...
EURO SPIKES AS GERMAN AND ITALIAN BOND YIELDS SPREAD The euro rose against key currencies as investors focused on the widening gap between German and Italian bonds. The spread between the 10-year bonds of the two countries rose to...
DOW JONES AND NASDAQ 100 CRATER AS FED SHIVERS SPREAD American stocks had one of their worst days since 2020 as investors reflected on the hawkish decision by the Federal Reserve. On Wednesday, the bank signaled that it was...
