FX

What you need to take care of on Wednesday, March 16: The dollar started the day on the back foot but managed to recover the ground lost during US trading hours. The EUR/USD pair is trading at around 1.0940, while GBP/USD changes hands at 1.3035. President Vladimir Putin said Kyiv is not serious about finding

In recent weeks, the Swedish krona has suffered strongly from the increased risk aversion in the wake of the Ukraine conflict. Once the war events subside, the SEK should be able to correct the losses. However, as long as the Riksbank maintains its ultra-expansionary stance, the krona will not be able to make any additional

The sterling fails to regain 1.3100, remains near mid-term lows. Pound recovery falters despite BoE rate hike expectations.  GBP/USD decline could extend to 1.2500 – ScotiaBank. The pound sterling remains slightly positive on Monday, buoyed by a moderate risk appetite although its rebound from lows near 1.3000 has been capped below 1.3075. Cable remains bearish at

EUR/USD has been fluctuating in a narrow channel above 1.09. The euro needs to clear 1.0940 to extend recovery, FXStreet’s Eren Sengezer reports. Risk perception likely to continue to impact euro’s valuation in near-term “Russian and Ukrainian officials are expected to hold the next round of talks at 08:30 GMT on Monday. A renewed optimism

GBP/JPY looks to post solid gains on Friday having bounced from earlier sub-152.00 levels, but failed to hold above 153.00. The 200DMA in the 153.20s plus waning risk appetite on during US hours amid geopolitical worries weighed on the pair. GBP/JPY upside on Friday has waned somewhat since the start of US trade, with the

The British pound falls vs. the US Dollar on broad US dollar strength amid a risk-off market sentiment. UK’s upbeat economic data and  BoE rate hike bets expectations faltered to support the GBP. GBP/USD Technical Outlook: Downward biased, as bears eye 1.2850. The British pound heads into the weekend, set to record losses as Wall

GBP/USD Weekly Forecast: No reprieve amid Ukraine crisis, focus shifts to Fed and BOE It was a brutal week for markets, as the tensions between the West and Russia intensified over the latter’s invasion of Ukraine. Risk-off trades dominated almost throughout the week, as investors dumped the higher-yielding currencies such as the pound while seeking

The shared currency is set to end the week with gains, up some 1.94%. A mixed-market mood dented appetite for the single currency, boosting the yen. EUR/JPY Technical Outlook: Remains downward biased, unless EUR bulls reclaim 130.00. The EUR/JPY plummets from weekly highs during the North American session amid a sudden risk-off market mood on

US equities traded in choppy, mixed fashion on the final trading day of what has been an indecisive week. The S&P 500 opened 0.5% higher following positive Putin commentary on Ukraine, but skeptical investors have since pared these gains. US equities traded in choppy, mixed fashion on the final trading day of what has been

According to FX Strategists at UOB Group, EUR/USD is now expected to trade in a volatile fashion and within the 10870-1.1180 range in the next weeks. Key Quotes 24-hour view: “We expected EUR to ‘consolidate and trade between 1.1000 and 1.1100’ yesterday. EUR subsequently popped to 1.1120, dropped to 1.0975 before closing at 1.0983 (-0.83%).

Oil prices have been choppy and mixed on Thursday as traders juggle a multitude of themes. Russia/Ukraine talks didn’t go as well as hoped, and mixed commentary from the UAE has sparked OPEC+ output policy speculation. Having fallen back from an earlier rally towards $115, WTI is a tad lower on the day in the

Palladium remains pressured around intraday low after dropping the most in nine months. MACD signals join bearish breakout of triangle to keep sellers hopeful. Bulls need clear break above $3,210 to retake controls. Palladium (XPD/USD) bears keep reins around $2,970, down 0.17% intraday heading into Thursday’s European session. That said, precious metal dropped the most

Silver’s appetite decreased as investors sought higher returns on an upbeat market mood. US Treasury yields rise, a headwind for the white metal. XAG/USD Technical Outlook: Still upward biased, despite the correction to the $25.60 area. Silver (XAG/USD) retreats from eight-month-old highs near the $27.00 mark due to market players’ increase of risk appetite, spurred

The UAE is set to encourage fellow OPEC nations to increase oil production levels given that the Russian invasion of Ukraine has pushed crude oil prices to their highest level in more than ten years, a senior official said on Wednesday, according to the Financial Times. In a statement to the UK financial journal, Yousef al-Otaiba, the

Here is what you need to know on Tuesday, March 8: Another dizzying day for equity investors on Monday saw more fresh selling pressure as a further surge in oil prices filtered through to the stock market. It was a shocking day for Nasdaq, which collapsed nearly 4% while the S&P 500 signed for a

China’s February CPI is seen rising by 0.5%, decelerating from January’s uptick of 0.9% given the fresh COVID-19 outbreaks-led hit to consumer demand after the Spring Festival, Yicai.com reported, citing analysts. “PPI may begin to climb amid rising crude oil prices, and is likely to register 8.8%,” the Chinese media outlet reported. Analysts’ median forecast

Oil prices continue to surge as Russian oil exports may be banned. Low-cap oil stocks are targeted by retail traders as prices surge. HUSA stock is up over 100% in Monday’s premarket. Houston American Energy Corporation (HUSA) is a small-cap oil stock that is generating quite a bit of interest on social media this morning. The

GBP/USD Price Analysis: Licks wounds near 11-week low with limited upside potential GBP/USD consolidates the biggest weekly loss since November around 1.3235-40 during Monday’s Asian session. The pair dropped to the lowest levels in 11 weeks by the end of Friday but oversold RSI triggered the cable pair’s corrective pullback. However, a downward sloping trend