FX

EUR/USD looks to break higher from 1.1357-1.1371 on the  Blinkin-Lavrov meeting next week. The DXY is likely to auction lower as risk sentiment in the market improves. Easing fears over an imminent Russian invasion of Ukraine underpin Treasury yields. The EUR/USD pair extends the bounce from Thursday’s low of 1.1322, as investors cheer the meeting between US

USD/MXN  drops below the 200-day SMA. Outlook favor the downside, price to face strong support at 20.30 and 20.05. Any recovery of the dollar under 20.70, likely to be unstable. The USD/MXN posted on Wednesday the first daily close in months below the 200-day moving average and slightly under the 20.30 level. The 20.35/30 area

NZD/USD snaps two-day uptrend as risk appetite roils on headlines claiming Ukraine violated ceasefire. US T-bond yields slumped, DXY rallied and gold turned positive as traders rushed to risk-safety on the news. Ex-RBNZ officials raised concerns over 0.75% rate-hike ahead of next week’s monetary policy meeting. Fedspeak, second-tier US data could entertain traders but geopolitics

WTI rebounded around $2.0 on Wednesday to back above $94.00 amid confusion over whether Russia is actually withdrawing troops. Geopolitics aside, many commodity strategists remain bullish and predict $100 per barrel as market conditions remain tight. Crude oil prices have seen substantial upside in recent trade as market participants fret amid confusion over whether Russia

NASDAQ:LCID extends gains on a better market mood.  Lucid is reporting its Q4 2021 earnings on February 28th. Tesla gets a brand new price target from a Piper Sandler analyst. Update: NASDAQ: LCID added another 5.21% on Tuesday, extending the previous rebound from two-week lows of $25.68. Despite, the upbeat momentum, LCID stock price fell

US equities are up sharply on Tuesday as investors breathe a sigh of relief amid apparently easing geopolitical tensions. News of Russian troop withdrawals from Ukraine’s border helped distract equities from ugly PPI and NY Fed survey data. The S&P 500 was up about 1.5%, the Nasdaq 100 up nearly 2.0% and the Dow about 1.3%.

NZD/USD bears are holding off the bulls and the daily support structure could come under pressure. The weekly chart is weighed with a bearish bias. As per the prior day’s analysis, NZD/USD Price Analysis: Bears could move in for the kill at any moment according to H4 structure, the price is respecting the prior 4-hour lows

GBP/USD has tested the 1.35 level ahead of key domestic data releases this week. Economists at Scotiabank believe that the cable could plunge to the 1.32 level if Russia makes a move into Ukrainian territory. GBP to lose its footing as market reassess the outlook for BoE policy “The ONS’s data on January payrolls and

EUR/USD bears are moving in from the hourly the 38.2% ratio. 1.1305 serves as potential support below current lows.  Russia and central bank sentiments are the driving forces.  EUR/USD is bleeding the initial gains for the day as risk appetite drifts off with the major Asian indexes printing in the red. EUSCI’s broadest index of Asia-Pacific shares outside

WTI has ebbed back to the low $93.00s after spiking to the $94.60s on reports a Russian invasion of Ukraine is imminent. US National Security Advisor Sullivan pushed back against an earlier report that the admin thought Russia would invade next week. If Russia does attack next week as US press reported, many traders would

The S&P 500, the Dow Jones, and the Nasdaq Composite fell between 1.43% and 3.07%. Ukraine/Russia conflict escalation points towards a Russia’n invasion as reported by US press, confirmed by the US Security Advisor. Market sentiment was dismal, as safe-haven flows like gold, the USD, and the yen dominated the end of the week. Western

The USD/JPY is barely flat during the day, as market mood conditions remain mixed. US Treasury yields advance, led by the 10-year above the 2% mark. USD/JPY bias is tilted upwards as USD buyers attack 116.00, followed by the YTD high. The USD/JPY barely falls during the North American session, following Thursday’s volatile trading day,

As a result of the last European Central Bank meeting, analysts at Rabobank revised EUR/USD forecasts to the upside. Now they expect the pair to drop to 1.11 by mid-year down from their previous target of 1.10 Key Quotes:  “We have moderated our EUR/USD forecasts in light of the hawkish pivot at the ECB’s February

AUD/SUD attracted some dip-buying near the 0.7100 mark on Friday amid modest USD pullback. Retreating US bond yields turned out to be a key factor that prompted some intraday USD selling. The cautious market mood, hawkish Fed expectations should limit the USD losses and cap the pair. The AUD/USD pair recovered its intraday losses and

GBP/USD remains on the back foot around intraday low, keeps previous day’s pullback from three-week top. UK’s Truss, EU’s Sefcovic to discuss Brexit, chatters over UK’s new offer on Northern Ireland keep pair buyers hopeful. UK PM Johnson battles ‘Partygate’ problems, Britain eases more activity restrictions. Preliminary readings of UK Q4 GDP, US Michigan Consumer

Gold takes the bids to refresh intraday high, extends four-day uptrend around fortnight top. US T-bond yields regain upside momentum as White House, Fedspeak propels US CPI chatters. High hopes from US inflation keep the risk of disappointment on table, suggesting further advances. Gold Price Forecast: Broad dollar’s weakness makes gold shine Gold (XAU/USD) buyers

EUR/USD adds to weekly losses, refreshes intraday low. US Treasury yields remain strong, stock futures drop as draft for EU Economic Forecasts reject inflation fears. White House comments, Fedspeak add to market’s indecision ahead of the key data. Details of EU Quarterly Economic Projections, US CPI will be crucial for fresh impulse. EUR/USD consolidates the

Spotify shares fall nearly 4% on Tuesday as Joe Rogan spat stays in headlines. SPOT stock has been falling since earnings last week. Bank of America now adds to woes as it cuts price target to $262. Spotify (SPOT) shares remain under pressure with another significant fall on Tuesday. The stock has not been producing much positive news