Blogs
Pound Sterling remains on backfoot as BoE rate cut expectations deepen
The Pound Sterling (GBP) struggles for a firm footing as a sharp drop in the United Kingdom Consumer Price Index (CPI) for November has deepened expectations of early rate cuts by the Bank of England (BoE).
EUR/NOK to breach the 12.00 figure in the coming 6-12M – Danske Bank
Economists at Danske Bank still favour a break of 12.00 in EUR/NOK during 2024.
NZD/USD Price Analysis: Fresh rally above 0.6300
The NZD/USD pair turns sideways after correcting from the round-level resistance of 0.6300 in the European session.
EUR/GBP approaches 0.8700 as the soft UK Inflation weighs on the Pound
The Euro remains moderately bid approaching resistance at 0.8680.
Euro ticks lower as market braces for US PCE inflation data
The Euro (EUR) is trading with a moderate bearish tone at the mid-range of 1.0900 on Thursday’s European morning session.
USD/TRY: Further gains towards 35 are possible next year – SocGen
Türkiye’s central bank (CBRT) meets today. Economists at Société Générale analyze Lira’s outlook ahead of the Interest Rate Decision.
Gold price remains within tight range ahead of US core PCE data
Gold price (XAU/USD) struggles to come out of woods as investors are awaiting the release of the United States core Personal Consumption Expenditure Price Index (PCE) for November, due on Friday.
Iron ore prices unlikely to drop below $100 in 2024 – ANZ
Iron ore prices have risen more than 25% in the second half of 2023.