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Banking Economic Forex Technical Analysis
October 2, 2023
By admin

ISM Manufacturing PMI Preview: US factory sector set to extend contraction into September

The Institute for Supply Management (ISM) will publish the United States September Manufacturing Purchasing Managers’ Index (PMI) on Monday, October 2. The index is expected to have ticked modestly higher to 47.7 from its previous monthly reading of 47.6. The official Manufacturing PMI has been within contraction levels ever since falling to 49 in November 2022 […]

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Banking Capital Markets Economic Finance Forex Technical Analysis
October 2, 2023
By admin

Australian Dollar trims intraday losses, focus on RBA policy decision

The Australian Dollar (AUD) snaps the winning streak on the third successive day on Monday. The AUD/USD pair received upward support, primarily supported by the upbeat Chinese PMI data released over the weekend. However, the US Dollar (USD) continues to demonstrate resilience after the moderate economic data released on Friday. Australia’s TD Securities Inflation (YoY) data […]

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Banking Forex Technical Analysis
October 2, 2023
By admin

Gold price remains vulnerable near multi-month low on hawkish Fed expectations

Gold price (XAU/USD) settled deep in the red on Friday to end September down over 4.5% and lower for the second quarter in a row. The yellow metal also recorded its biggest weekly decline in more than two years and continues to be weighed down by growing acceptance that the Federal Reserve (Fed) will keep […]

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Capital Markets Fintech Forex
October 2, 2023
By admin

GBP/USD remains under pressure below the 1.2200 barrier, eyes on US PMI, Fed Chair Powell’s speech

The GBP/USD pair remains on the defensive below the 1.2200 barrier and trades in negative territory for the fifth consecutive week during the early European session on Monday. The major pair trades around 1.2180, losing 0.16% on the day. The US Bureau of Economic Analysis revealed on Friday that the Personal Consumption Expenditures (PCE) Price Index climbed […]

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Economic Forex Technical Analysis
September 28, 2023
By admin

Euro bounces off lows near 1.0490 ahead of key data

Following new eight-month lows around 1.0490, the Euro (EUR) now manages to gather some fresh upside traction against the US Dollar (USD), encouraging the EUR/USD to reclaim the 1.0500 barrier and above in the wake of the opening bell on the old continent on Thursday. On the other hand, the Greenback’s rally faces some headwinds soon after […]

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Capital Markets Commodities Forex Technical Analysis
September 28, 2023
By admin

USD/CAD trades below 1.3500, faces pressure due to upbeat Crude oil prices

USD/CAD extends losses on the second successive day, trading lower around 1.3490 during the early European trading hours on Thursday. The pair is facing challenges due to the surge in Crude Oil prices. Crude oil prices surged to levels exceeding one-year highs due to ongoing indications of a tightening global supply and cautious optimism regarding an […]

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Banking Capital Markets Economic Finance Fintech Forex Technical Analysis
September 20, 2023
By admin

Fed Preview: Forecasts from 15 major banks, a pause, but the end of rate hikes?

The US Federal Reserve will announce its Interest Rate Decision on Wednesday, September 20 at 18:00 GMT and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 15 major banks.  The Fed is widely expected to leave its rates unchanged at 5.25%-5.50% and signal a hike in November. New macro forecasts […]

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Capital Markets Economic Forex Technical Analysis
September 20, 2023
By admin

UK CPI inflation unexpectedly dips to 6.7% in August

The official data released by the Office for National Statistics (ONS) showed on Wednesday that the United Kingdom’s (UK) annual Consumer Price Index (CPI) edged 6.7% higher in August, cooling off from a 6.8% rise in July. The market consensus was for a 7.1% increase. The Core CPI index (excluding volatile food and energy items) rose 6.2% […]

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Capital Markets Forex Technical Analysis
September 20, 2023
By admin

EUR/USD Price Analysis: Remains sideways around 1.0680, FOMC decision eyed

EUR/USD attempts to recover from the previous day’s losses, hovering around 1.0680 during the Asian session on Wednesday. The pair remains sideways due to the market caution ahead of the interest rate decision by the US Federal Reserve (Fed), scheduled for release later in the North American session. The key support for the EUR/USD pair appears around […]

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Capital Markets Forex Technical Analysis
September 19, 2023
By admin

GBP/USD Price Analysis: Hangs near multi-month low, seems vulnerable below 200-day SMA

The GBP/USD pair continues with its struggle to gain any meaningful traction and languishes near its lowest level since early June touched on Monday. Spot prices currently trade around the 1.2380-1.2375 region and seem vulnerable to prolonging the recent downward trajectory witnessed over the past two months or so. Firming expectations that the Bank of […]

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