Financial markets lacked clear direction this week, although negative sentiment strengthened towards Friday. The recovery in equity markets stalled, while bond yields turned lower. EUR/USD continues to hover near 1.10, but in our latest FX Forecast Update, 19 April, we still see the cross turning lower in H2. April Flash PMIs continued to show a […]
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USDJPY aims for a rebound after hitting five-month low. Recovery could be short-lived within the bearish channel. US CPI inflation data due at 12:30 GMT. USDJPY kicked off Wednesday’s session on a strong positive note Read more…
Gold price is held in a narrow range on Wednesday morning and pressuring near-term congestion ceiling ($2930). Near term bias is expected to remain with bulls while the action stays above psychological $2900 level, although Read more…
The Canadian dollar posted gains earlier but couldn’t consolidate. In the European session, USD/CAD is trading at 1.4439, up 0.03% on the day. Bank of Canada likely to cut by 25 bps It’s decision day Read more…