CFD News

AUD/USD hovers around 0.6270s, almost flat, amid a mixed mood

AUD/USD tumbled to sparkling two and half-year lows at 0.6235 however is nearly flat round cutting-edge trade rates. Fed’s Kashkari: “tremendous uncertainty about fundamentals of the US economy;” and expects prices to top round 4.50%. AUD/USD Price Forecast: Once it clears 0.6300, it ought to goal in the direction of 0.6350; otherwise, a re-test of the YTD is on the cards. The AUD/USD slides…
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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

Fx News

USD/ZAR has the all-time high at 19.3446 in its crosshairs – Credit Suisse

USD/ZAR has maintained its uptrend for the duration of the 0.33 quarter of 2022. Analysts at Credit Suisse see manageable to attain the all-time excessive at 19.3446. Uptrend from April at 16.8571 to curb any correction lower “We count on a strong ruin above 18.0709 to in the end take place, even though we assume there is clearly room for in addition ascent to comply with toward the all-time…
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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

Risk Management

USD/CAD slips to near 1.3700 as focus shifts to US PCE and Michigan CSI data

USD/CAD has surrendered the on the spot assist of 1.3700 as the DXY has eased off its intraday gains. The have an effect on of US PCE is anticipated to stay vulnerable as the market has already reacted to widespread CPI data. Along with the weaker DXY, Canadian greenback is additionally fragile, which is assisting the asset on a broader basis. The USD/CAD pair has witnessed a moderate correction…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Fx News

GBP/USD: Scope for a “stress test” of parity – Credit Suisse

GBP/USD fell temporarily beneath the key awesome lows of 1985. Economists at Credit Suisse hold their poor outlook and see scope for a “stress test” of parity. GBP/USD will strive to discover a flooring at 0.9895 “We continue to be bearish for a sustained pass under 1.0463 for a take a look at of the key parity psychological level. With Fibonacci projection help no longer a ways under at…
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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

Risk Management

Russian President Putin: Will take necessary steps to defend sovereignty

Russian President Vladimir Putin stated on Wednesday, “we are speakme about defending territories and Russia.” Additional comments Russia is to take the quintessential steps to shield its sovereignty. Our intention is to liberate Donbas. The west needs to wreck Russia. Military operation dreams stay the same. The order on partial mobilization in Ukraine has been signed. The mobilization…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Trading Patterns

EUR/HUF to trend higher amid the risk of withdrawal of funds – Commerzbank

The EU Commission is surely tightening the thumbscrews, threatening Hungary to withhold funds. Subsequently, economists at Commerzbank assume the EUR/HUF pair to race higher. Risk top class on HUF “The truth that the EU is getting serious need to make the market recognise that the danger is actual and that Hungary might also have to forgo considerable sums. However, because the Hungarian…
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Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank

USD Index remains consolidative around the 106.00 region

Trading Patterns

RBA’s Lowe: Hopeful we can navigate the narrow path to a soft landing

Responding to the Q& at the Anika Foundation Fundraiser, the Reserve Bank of Australia (RBA) Governor Philip Lowe stated that he is hopeful that they can navigate the slender route to a gentle landing. Additional comments Demand has to develop extra slowly to carry again in line with supply. There is a big demand thing to greater inflation, now not simply supply. Very conscious there are…
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Fed induced volatility of USD exchange rates to continue even after the summer – Commerzbank

USD Index remains consolidative around the 106.00 region

CFD News

USD/CNH could now advance to the 6.4100 level – UOB

The upside momentum in USD/CNH ought to push the pair lower back to the 6.4100 degree in the subsequent weeks, in accordance to FX Strategists at UOB Group. Key Quotes 24-hour view: “Last Friday, we highlighted that ‘the sharp and fast upward shove seems to be jogging in advance of itself and USD is not likely to strengthen a lot further’ and we anticipated USD to ‘trade between 6.3800 and…
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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

Gold Price Forecast: XAU/USD consolidates in weekly highs near $1,830, US Retail Sales eyed

Gold rate hits weekly highs amid weaker US dollar in spite of hawkish Fed. Focus shifts to the US Retail Sales and Consumer Sentiment releases. Gold bulls try challenging to locate acceptance above month-to-month highs of $1,832. Gold rate is easing from sparkling one-week highs of $1,829, as agents proceed to lurk round the $1,830 area. The pullback in gold charge is broadly speaking subsidized…
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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

FX option expiries for December 17 NY cut

FX alternative expiries for December 17 NY reduce at 10:00 Eastern Time, with the aid of DTCC, can be discovered below. – EUR/USD: EUR quantities 1.1300 2.6b 1.1200 2.6b 1.1400 2.5b – GBP/USD: GBP quantities 1.3000 1.8b 1.3250 1.5b 1.3350 1.2b – USD/JPY: USD quantities 113.75 2.2b 113.00 1.8b 114.50 1.5b – AUD/USD: AUD amounts 0.7000 2.1b 0.7100 564m 0.7050 462m &#8211…
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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