CFD News

South Korea: The economy expanded 4% in 2021 – UOB

UOB Group’s Economist Ho Woei Chen, CFA, remarks on the 2021 GDP figures in South Korea. Key Takeaways “South Korea’s 4Q21 GDP boom was once in line with consensus and our forecast at 4.1% y/y, 1.1% q/q seasonally-adjusted as it maintained a regular recovery. The South Korean economic system recovered by using 4.0% in 2021 from a contraction of 0.9% in 2020.” “We see sturdy exterior…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

CFD News

EUR/GBP to slip below 0.8300 in the near-term – ING

Economists at ING assume UK facts releases will hold imparting help to the pound. Subsequently, EUR/GBP is set to cross under 0.83 in the near-term. Data to help, political noise to have little impact “Prime Minister Boris Johnson stays in a pretty fragile function after receiving more than one calls to resign, even from inside the Coservative party. Still, we assume that even in the match of a…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

CFD News

GBP/USD: Looks to regain 1.3900 as US dollar bounce battles UK’s covid passport, Brexit news

GBP/USD drops again under 1.3880, down 0.13% intraday, whilst heading into Tuesday’s London open. In doing so, the cable drops for the first time in three days as the US greenback index (DXY) snaps a two-day downtrend. Although the US dollar’s corrective pullback takes clues from uncertainty over US President Joe Biden’s $2.25 trillion infrastructure spending, a lack of a post-Brexit…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

CFD News

When is the US ADP jobs report and how could it affect EUR/USD?

US ADP jobs report overview Wednesday’s US economic docket highlights the discharge of the ADP report on private-sector employment, scheduled at 12:15 GMT. Economists expect another strong report, indicating that private-sector employers added 600K new jobs in June. this is able to mark a pointy deceleration from the previous month’s blowout figure of nearly a million . According to Yohay…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

CFD News

Dalian iron ore jumps 5.0% on cautious optimism, China news

Dalian iron ore snaps two-day downtrend, spot fees dwindle. China vouches for monetary steadiness for the duration of Central Economic Work Conference. Omicron updates contradict US inflation information to task commodity traders. AUD/USD struggles to cheer the run-up in major export object amid less attackable yields. Iron ore futures for May 2021 transport rises previous 5.0% to 671 yuan…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target