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EUR/USD Price Analysis: Tests The Major Level Of 1.0650; Followed By The Nine-Day EMA
Article By:
Akhtar Faruqui
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Tuesday, April 23, 2024 1:25 AM EDT
EUR/USD remains lackluster during the Asian trading hours on Tuesday, hovering near 1.0650. From a technical perspective, analysis suggests a bearish sentiment for the pair as it struggles below the pullback resistance at the 1.0695 level.
USD/CAD Trades On A Softer Note Below 1.3700 Ahead Of US PMI Data
Article By:
Lallalit Srijandorn
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Monday, April 22, 2024 10:05 PM EDT
The USD/CAD pair extends its downside near 1.3695 despite lower crude oil prices. However, the downside of the pair might be capped by strong US economic data and the Fed’s hawkish comments.
Gold Hammered As Short-Squeeze Saves Stocks Ahead Of Micro/Macro Storm This Week
Article By:
Tyler Durden
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Monday, April 22, 2024 7:06 PM EDT
The "calm before the storm" of earnings and big macro this week was all the algos needed to ramp stocks during the US cash session after being reminded that the buyback-blackout period is almost over.
The Value Of The Chinese Yuan: Down 15% Since 2022M03
Article By:
Menzie Chinn
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Monday, April 22, 2024 4:18 PM EDT
There’s been a lot of discussion of overcapacity in Chinese production, and the resulting pressures in the U.S. and other markets.
In this article: CYB
Dollar Slows Down A Bit, But Not Bearish Yet
Article By:
Gregor Horvat
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Monday, April 22, 2024 11:27 AM EDT
Stocks came down last week due to stucked inflation and conflict in the Middle East between Iran and Israel. However, this escalation calmed down in the last few days, which is also visible through crude oil that is slowing down.
Bank Of England Set To Cut Rates Before The Fed As Officials Turn Dovish
Article By:
ING Economics
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Monday, April 22, 2024 11:00 AM EDT
The Bank of England is right to draw a distinction between the UK and US inflation outlook, and we expect the first rate cut to be in August or maybe even June.
GBP/USD Forecast: 1.23 Broken Following BoE’s Remarks
Article By:
Yohay Elam
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Monday, April 22, 2024 6:28 AM EDT
The risk of UK inflation stalling above the central bank’s target has dropped. UK inflation fell to 3.2% in March from 3.4% the previous month. Services inflation in the UK remained relatively high at 6.0% in March.
GBP/CHF Forecast: British Pound Has A Wild Ride Against The Franc
Article By:
Christopher Lewis
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Monday, April 22, 2024 6:13 AM EDT
I continue to watch the British Pound against the Swiss franc overall, as this is a pair that I think could enter the headline soon.
This is mainly due to the fact that there is such a massive interest rate differential between the two currencies.
Two Trades To Watch: EUR/USD, Oil Forecast - Monday, April 22
Article By:
Fiona Cincotta
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Monday, April 22, 2024 6:00 AM EDT
EUR/USD rises, but gains could be limited with ECB President Lagarde’s speech in focus. Oil falls as Middle East tensions ease & the demand outlook deteriorates.
Elliott Wave Technical Analysis: U.S. Dollar/Canadian Dollar
Article By:
Peter Mathers
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Monday, April 22, 2024 5:15 AM EDT
The analysis aims to identify significant trends and potential price directions.