FX

Share: GBP/USD is confidently shifting its business above 1.2100 amid a recovery in the risk appetite theme. Consideration of a 50 bps rate hike in the FOMC minutes could stem the dismal market mood. The UK economy is avoiding recession, however, chances of further escalation in CPI are accelerating. The GBP/USD pair is building the

Share: S&P Global Services PMI recovered above 50 in February’s flash estimate. US Dollar Index continues to push higher above 104.00. Business activity in the US services sector expanded in early February following January’s contraction with S&P Global Services PMI rising to 50.5 from 46.8 in January. This reading surpassed the market expectation of 47.2.

Share: Gold price is struggling to sustain above $1,840.00 as yields escalate ahead of Fed minutes. A fresh rebound in the US economic indicators that provide guidance on inflation has cleared that inflation is stubborn in nature. Gold price is doing efforts in shifting its auction above the 20-period EMA. Gold price (XAU/USD) is displaying

Share: GBP/USD recovered from below 200-Day Moving Average at 1.1938. However, economists at Société Générale believe that the pair is unlikely to stage a sustainable rise. Modes UK PMI improvement may not be enough to lift GBP/USD “The Pound fought back from below 1.20/USD and the 200-DMA (1.1938) on Friday but conviction for a return

Share: Gold price remains sidelined after three-week downtrend, picking up bids of late. Geopolitical fears fail to weigh on XAU/USD price amid absence of US, Canadian traders. Headlines surrounding North Korea, China will be crucial for fresh impulse, Fed Minutes become the key. Gold price (XAU/USD) grinds higher around the intraday top, reversing the early-day

Share: The EUR/JPY is registering gains of 2.22% in the week after facing solid resistance around 143.60. EUR/JPY Price Analysis: In consolidation within a 130 pip range circa the 143.00 psychological barriers. The EUR/JPY hit a fresh weekly high at 143.67 but reversed some of those gains, resting comfortably above Thursday’s high ahead of the

Share: AUD/USD finished the week with losses, on a sentiment shift, and speculations for an aggressive Federal Reserve. During the last week, US inflation data sponsored a recovery for the greenback as US Treasury bond yields aimed north. AUD/USD are eyeing the busy economic calendar in Australia and the US next week. The Australian dollar

Share: The correction of the Gold price has been pronounced. In the opinion of strategists at Commerzbank, investors on the Gold market are likely to remain hesitant after the price dip. Forecast of the mid-year Gold price lowered to $1,800 “Hopes of an end to the rate hike cycle in the near future in the

Share: USD/MXN drops below last Thursday’s low, extending its losses to a fresh multi-year low of around $18.40. USD/MXN Price Analysis: A break below $18.40 would pave the way toward $18.00. The USD/MXN hit an almost 4-year-and-a-half month low around 18.4485, a level last seen in October 2018, extending its losses by 0.89% in the

Share: Economist at UOB Group Loke Siew Ting reviews the latest BSP monetary policy meeting. Key Takeaways “Bangko Sentral ng Pilipinas (BSP) raised its overnight reverse repurchase (RRP) rate by 50bps to 6.00%, marking the eighth straight meeting of increases since May last year. It wasn’t a surprised move as we have highlighted in our

Share: GBP/USD takes offers to refresh multi-day low, drops for the third consecutive day. Clear downside break of six-week-old trend line, bearish MACD signals favor sellers. Nearly oversold RSI (14) suggests limited room towards the south. 50-SMA holds the key to buyer’s conviction, 1.2000 threshold guards immediate upside. GBP/USD stands on slippery grounds as it

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work

Share: Airbnb beat Wall Street expectations on Q4 earnings. ABNB stock jumped more than 10% to close gap from May 2022. There is very little resistance between here and $160. Airbnb management raised guidance for Q1. Airbnb (ABNB) stock managed to close the gap created on May 9, 2022, after the short-term rental platform disclosed a wide earnings

Share: Gold price picks up bids to extend the bounce off six-week low. XAU/USD grinds higher as hawkish Fed bets fail to gain acceptance amid softer US inflation. Multiple hurdles stand tall to challenge XAU/USD run-up, bears need validation from $1,850. Second-tier US data, central bank comments eyed for more directions. Gold price (XAU/USD) renews

Share: Gold price has rallied on the back of US CPI. Federal Reserve expectations are little changed, fuelling the bid in the Gold price. The Gold price is choppy as the markets digest the comprehensive inflation data that has been released from the United States of America. US Consumer Price Index has come out in

Share: USD/JPY bounces off intraday low, keeps extends pullback from five-week high. RSI’s retreat from overbought conditions joins double top bearish formation to favor sellers. 200-HMA, triangle’s support line probe bears even as MACD signals hint at further downside. USD/JPY prints mild losses around the intraday low of 131.90 as the Japanese government officially nominates

Share: Impinj, Inc (PI) a Seattle-based provider of RFID solutions, offers products for various industries such as retail, healthcare, and food and beverage. The company’s product line includes reader chips, tag chips, fixed readers, and antennas. The company offers passive UHF RFID chips, RFID readers, reader chips, antennas and software applications for RFID systems. PI

Share: GBP/JPY pares the previous day’s losses inside fortnight-long symmetrical triangle. Steady RSI backs recent recovery, 200-SMA challenges immediate upside. Multiple supports to test bears on their return. GBP/JPY picks up bids to 158.70 as it grinds inside a two-wee-old triangle formation during Monday’s Asian session. The cross-currency pair prints mild gains after a consecutive