FX

The European Central Bank (ECB) reinforced its message that net bond purchases are set to end in Q3, and the first rate hike will take place some time after that. Despite the ECB’s foot dragging today, economists at TD Securities like EUR/CHF upside in the months ahead while EURUSD is set to maintain the 1.08-1.12

TSLA stock closed only 1% higher as it lost ground during the session. TSLA still holding in neutral above $945 but below $1,000. Tesla stock suffering from China data and lockdowns. Update: The technical outlook for Tesla (TSLA) is bearish as per the weekly chart’s W-formation. The price is reverting towards the neckline of the

The European Central Bank (ECB) will announce its decision on monetary policy on Thursday, April 14 at 11:45 GMT and as we get closer to the release time, here are the expectations as forecast by the economists and researchers of 12 major banks. ECB is widely expected to leave key rates unchanged. Additionally, the central

NZD/USD has spiked to near 0.6900 as the RBNZ has elevated its interest rate by 0.5%. An OCR hike of 50 bps is higher than the estimate of 25 bps. A higher US CPI at 8.5% has underpinned a 50 bps interest rate hike by the Fed in May. The NZD/USD pair has witnessed a

EUR/USD weakens to mid-1.08s to trade unchanged for the week. Economists at Scotiabank expect the pair to test the Friday low of 1.0837. Resistance aligns at 1.0875/85 followed by the big figure zone “Price action points to a test of the Friday low of 1.0837 that stands as the sole support marker ahead of the

USD/CAD is sustaining comfortably above 1.2600 amid falling oil prices. Additional oil supply at 1.3 million bpd will offset the supply cut by Russia after sanctions on Moscow. This week BOC ‘s interest rate decision and the US CPI will be the main events to keep on the radar. The USD/CAD pair managed to establish

EUR/JPY is moving sharply higher again. A break above 136.85 should see a retest of medium-term resistance from the 2018 and recent highs at 137.50/54, analysts at Credit Suisse report. EUR/JPY set to retest medium-term resistance at 137.50/54 “We look for a break above 136.85 to clear the way for a retest of medium-term resistance

Russian Ambassador to the US Anatoly Antonov earlier told Newsweek the West is provoking Russia.  “We warn that such actions are dangerous,” the envoy said. “They can lead the US and the Russian Federation onto the path of direct military confrontation.” Meanwhile, the White House national security adviser Jake Sullivan said Sunday that Ukrainian forces are pushing back

GBP/USD Weekly Forecast: Downside risks remain intact ahead of a big week GBP/USD booked the second straight week of losses, as bears refused to give in amid hawkish Fed-driven sentiment and risk-aversion. Cable touched its lowest level since November below 1.3000, as King dollar reigned supreme, partly buoyed by the US bond market rout. With

The USD/JPY ended the week on the right foot, gaining 1.42%. High US Treasury yields underpinned the USD/JPY pair. USD/JPY Price Forecast: The pair is upward biased, but it might correct courtesy of RSI showing overbought conditions. The USD/JPY is set to finish the week above the 124.00 mark for the first time in the

The USD/RUB is set to end the week with losses, of 6.18%, despite Friday’s jump. The Russia-Ukraine hostilities and peace talks continue but at a slower pace. USD/RUB Price Forecast: Bulls charged at the break of the 200-DMA and pushed the pair up 500 pips. The USD/RUB fell and reached a fresh monthly low at

The USD/CHF seesawed in the 0.9327-73 range as the pair failed to conquer 0.9400. An upbeat market mood was no excuse for the safe-haven Swiss franc to gain vs. the greenback. USD/CHF Price Forecast: A series of successive higher highs/lows in the 4-hour chart keep the uptrend intact. The greenback gives back most of its

NYSE:AMC fell by 3.24% during Thursday’s trading session. AMC continues to decline after its mini short squeeze last week. Sonic the Hedgehog 2 is the blockbuster hitting theaters this weekend. NYSE:AMC investors are in the opposite of seventh heaven right now as the meme stock fell for a seventh consecutive session on Thursday. Shares of

USD/CHF remains stuck around 0.9350 as the US Treasury yields rebound sharply. The DXY is aiming at 100.00 on raising bets on an aggressive interest rate hike. Russia ceases to be a member of the UN Human Rights Council. The USD/CHF pair is oscillating in a narrow range of 0.9318-0.9348 since Thursday as the Federal

GBP/JPY struggled to capitalize on its modest intraday gains back closer to over a one-week high. The cautious market mood underpinned the safe-haven JPY and capped the upside for the cross. Subdued USD demand benefitted the GBP and extended some support, at least for the time being. The GBP/JPY cross surrendered its modest intraday gains

The AUD/JPY failure at 94.00 left the pair adrift to solid selling pressure. In March, China’s PMIs dropped below the 50-mark, indicating that its economy is slowing. AUD/JPY Price Forecast: A double-top and negative divergence between price action-RSI threaten to push the pair towards 87.00. The Australian dollar gave back Tuesday’s gains amidst a risk-aversion

GBP/JPY continued scaling higher for the fourth successive day on Wednesday. The BoJ’s dovish stance continued weighing on the JPY and remained supportive. Modest USD pullback benefitted the GBP and contributed to the intraday move up.  The GBP/JPY cross added to its intraday gains and shot to over a one-week high, beyond the 162.00 mark

Geopolitical angst and hawkish Fed speak saw GBP/USD fall back from early highs to under 1.3100 on Tuesday. Cable continues to fail attempts to push above its 21DMA and continues to threaten a test of recent 1.3050 lows. GBP/USD fell back below the 1.3100 level on Tuesday as hawkish commentary from Fed Vice Chair Lael