The Euro picks up as risk aversion eases, although the broader bearish trend remains intact.
Blogs
USD/CHF remains steady above 0.8630 as SNB Jordan’s comments hit the Swissie
The US Dollar maintains its positive trend intact on Thursday.
Pound Sterling recovery stalls as focus shifts to UK Retail Sales data
The Pound Sterling (GBP) recovers swiftly as stubbornly high UKConsumer Price Index (CPI) data for December has pushed back expectations of early rate cuts by the Bank of England (BoE).
US Dollar flattens as markets test viability of recent rally
The US Dollar (USD) trades directionless on Thursday after rallying on Wednesday, when it nearly closed above the very important technical level of 103.40, which aligned with two moving averages.
Natural Gas dips again with 2024 projections revealing slowdown
Natural Gas (XNG/USD) is heading lower again in a tug-of-war with 2024 seen as a lost year with a global economic slowdown. Gas supply is still very much solid and flowing, though there are a few elements that are starting to worry traders. The
Gold price bounces off while uncertainty over Fed rate-cut bets stay
Gold price (XAU/USD) has executed a short-term recovery move in the midst of a persistent downtrend.
EUR/USD: Short-term price action is looking somewhat soft again – Scotiabank
EUR/USD steadies but struggles to hold gains above 1.0900. Economists at Scotiabank analyze the pair’s outlook.
USD/CAD is drifting lower below 1.3500 on higher risk appetite
The US Dollar paring some gains on Thursday. An improved risk sentiment and a moderate rebound in Oil prices have offset the positive impact of strong US data and are weighing on the Greenback.
AUD/USD to move sustainably above 0.7000 in the second half of the year – ING
AUD/USD staged a big rally in November/December. Economists at ING analyze Aussie’s outlook.
EUR/CHF can trade back up to the 0.9600 area over the next three months – ING
EUR/CHF is moving higher. Economists at ING analyze the pair’s outlook.