Fx News

Gold Futures: Decline now appears contained

Open hobby in gold futures markets shrank for the 1/3 session in a row on Wednesday, this time by way of round 104.K contracts in accordance to preliminary readings from CME Group. Volume, instead, saved the erratic overall performance properly in region and this time went up by way of greater than 17K contracts. Gold meets guide close to $1950 Gold expenses retreated for the 1/3 session in a row…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Fx News

Asian Stock Market: US debt-ceiling optimism travels Asia, Japan CPI accelerates

Asian shares have proven sizeable power amid optimism over US debt-ceiling raise. The Bank of Japan is predicted to stay ultra-dovish notwithstanding an acceleration in inflationary figures. China is searching to enlarge alternate facilitation measures and beef up bilateral funding treaties with Central Asian countries. Markets in the Asian area are displaying gigantic energy amid optimism over US…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Fx News

BoE’s Bailey: I don't envisage balance sheet returning to where it was before financial crisis

Bank of England (BoE) Governor Andrew Bailey faces questions by using the UK parliament’s Treasury Select Committee (TSC) about the central bank’s income of bonds offered below its quantitative easing programme. Key quotes I do not envisage the stability sheet returning to the place it was once earlier than economic crisis. It’s necessary to supply headroom in stability sheet. QT…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Fx News

EUR/GBP to stage a more concerted downturn – Credit Suisse

EUR/GBP continues its spoil of key assist from the collection of lows for the yr at 0.8729/18. Economists at Credit Suisse anticipate the pair to go through in addition losses. Resistance at 0.8770 set to cap “We proceed to appear for a greater concerted downturn, with aid considered at the beginning at 0.8648/40, in advance of the uptrend from early 2022, now at 0.8605. Whilst we would appear…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Fx News

USD/JPY Price Analysis: Climbs above 136.50 despite upbeat Japan’s GDP

USD/JPY has climbed above 136.50 as the USD Index is gathering power for surpassing the on the spot resistance of 102.70. Preliminary Japan’s Q1 GDP beat estimates however failed to improve the Japanese Yen. USD/JPY is marching closer to its two-month excessive resistance plotted at 137.91. The USD/JPY pair has resumed its upside experience after a marginal correction under 136.50 in the Asian…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Fx News

USD/INR Price Analysis: Weekly hurdle prods Indian Rupee recovery near 82.20

USD/INR struggles for clear instructions after snapping three-day uptrend the preceding day. One-month-old horizontal region, ascending vogue line from May 07 restriction instant strikes of Indian Rupee pair. Upbeat RSI (14) suggests continuation of northward grind; 200-SMA acts as the closing protection of USD/INR bulls. USD/INR treads water round 82.30 as it jostles with the one-month-old…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Fx News

Crude Oil Futures: Recovery faces some headwinds near term

Open pastime in crude oil futures prolonged the downtrend on Monday and dropped through round 3.9K contracts in accordance to preliminary readings from CME Group. Volume, instead, improved by means of round 4.1K contracts after two consecutive day by day pullbacks. WTI looks to have entered a consolidative phase Monday’s first rate good points in expenses of the WTI had been amidst shrinking…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Fx News

Philippines: BSP expected to hike rates this week – UOB

Economist at UOB Group Lee Sue Ann expects the Bangko Sentral ng Pilipinas (BSP) to elevate the coverage fee by way of 25 bps later in the week. Key Quotes “We are retaining our BSP price name of two greater 25 bps hikes at the subsequent two conferences in May and Jun, earlier than taking a pause at 6.75% in 2H23.” “That said, we do now not rule out the reality that the opportunity of a…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Fx News

Following a joint meeting between the Japanese Cabinet Office and the Bank of Japan (BoJ) on Monday, the country’s Economy Minister Shigeyuki Goto said that the BoJ Governor Kazuo Ueda explained at the meeting how the central bank will keep the ultra-loose policy to sustainably and stably achieve price target. Additional takeaways “Among key points of meeting's discussion was for govt, BoJ to work closely together, share a common goal and strive toward achieving it.” “Govt believes it's meaningful for BoJ to conduct a review of past monetary policy conduct.“ “BoJ must respond nimbly to any change, downside risks to the economy.” Related reads USD/JPY Price Analysis: Golden cross lures Yen sellers to aim for 136.50 Japan's government, BoJ debate deflation risk, role in keeping wage hikes

Following a joint assembly between the Japanese Cabinet Office and the Bank of Japan (BoJ) on Monday, the country’s Economy Minister Shigeyuki Goto stated that the BoJ Governor Kazuo Ueda defined at the assembly how the central bank will maintain the ultra-loose coverage to sustainably and stably attain charge target. Additional takeaways “Among key factors of meeting’s dialogue was once…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms

Fx News

NZD/USD Price Analysis: Justifies downbeat RBNZ Inflation Expectations to refresh weekly bottom around 0.6250

NZD/USD takes affords to renew weekly low, extends the preceding day’s pullback from five-week high. RBNZ Inflation Expectations hunch to 2.79% QoQ for Q2 2023 versus 3.30% prior. Downside damage of 12-day-old ascending vogue line, 50-SMA favors sellers. 200-SMA, nearly oversold RSI (14) line can prod the Kiwi pair bears. NZD/USD stands on slippery grounds as it takes gives to prolong the…
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USD/CHF Price Analysis: Slides below 200-HMA but 0.9045 appears a tough nut to crack for bears

Natural Gas Price Analysis: XNG/USD recovers to $2.35 on softer US Dollar as US inflation looms