Gold price back at $2,000 after Fed meeting. Economists at Commerzbank expect the yellow metal to see renewed downside pressure as the market will be forced to correct its expectation of a rapid interest rate turnaround again. Robust Swiss Gold exports to Asia in February .“Currently the market expects key rates in the US toContinue reading “Gold Price Forecast: XAU/USD back under pressure as markets correct its rate cut expectations.”
Category Archives: Forex trading signals
EUR/USD to reach 1.13 by end-2023.
The greenback could be relatively stable in the near term. But an extended period of US Dollar depreciation is fast approaching, wchi should lift EUR/USD to 1.13 by the end of the year, economists at Wells Fargo report. Eventual ECB easing to be later and more gradual than that of the Fed “We expect ECBContinue reading “EUR/USD to reach 1.13 by end-2023.”
EUR/CHF turns negative and retreats from tops near 1.0000 post.
EUR/CHF abandons the area of 3-week highs near 1.0000.The SNB hiked rates by 50 bps, matching consensus.The SNB leaves the door open to extra hikes in the near future. The Swiss franc regains traction and drags.EUR/CHF to the 0.9930 region in the wake of the SNB interest rate decision on Thursday.EUR/CHF: Gains look limited nearContinue reading “EUR/CHF turns negative and retreats from tops near 1.0000 post.”
GBP/USD Price Analysis: Bulls eye longer-term key neckline resistance.
GBP/USD bulls are tiring following the recent run to fresh bull cycle highs. US Dollar, DXY, is consolidating the slide in a support area. As per the prior analysis, GBP/USD Price Analysis: Bulls are in the market and eye a bullish extension, the currency pair has indeed rallied as being supported on the front sideContinue reading “GBP/USD Price Analysis: Bulls eye longer-term key neckline resistance.”