Credit Suisse economists no longer see a compelling reason for USDCAD to reach 1. 100 in the fourth quarter: they have now cut it to 1.3500 and reset their target from 1.3250-1. 300 to...
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GOLD PRICE FORECAST: XAUUSD TO REMAIN UNDER PRESSURE UNTIL Q1 2023 – ANZ
Gold strengthened as the dollar weakened. However, ANZ bank strategists expect the yellow metal to remain under pressure until the first quarter of next year. UNITED STATES MAINLY RISE REAL ACCOUNT “Gold is receiving...
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EURUSD RECOVERED GROUND TOWARDS THE END OF THE NY SESSION, DESPITE HOT US CORE PCE
The US dollar strengthened against the US majors but weakened towards the end of Wall Street. GDP weakened in France and Spain, while German inflation continued to rise, above 10%. EURUSD is neutral on...
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SILVER PRICE ANALYSIS: XAG/USD STRENGTHENS AND RALLIES PAST $19.00
Silver prices extend recovery above $19.00. USD , dives to the Fed side, easing speculation. XAG/USD is now in the area of major resistance at $19.30. silver prices extended Thursday from Friday’s low of...
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USD/JPY HITS A FRESH 34-YEAR HIGH AT 148.85 BEFORE TICKING DOWN
The dollar breathes calmly to a maximum of 1 8.85. Monetary policy divergence crushes yen. USD/JPY: Potential high 1 9.17/150.00. The dollar accelerated its rally against the Japanese yen on Friday, hitting a session...
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USD/CHF ABOVE 1.0000 PUSHING AGAINST 1.0065 TWO-YEAR HIGH
The dollar breaks above parity and hits a two-year high of 1.0065. Fed tightening hopes strengthens US dollar. USD/CHF: 1.007 /98 higher targets likely higher – Credit Suisse. US$ extended Friday’s rally against the...
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ECB’S NAGEL: RATES MUST RISE, UNCONVENTIONAL MEASURES SHOULD BE UNWOUND
The European Central Bank (ECB) must continue to hike rates and halt bond purchases once their job is done, European Central Bank (ECB) Governing Council member and German central bank head Joachim Nagel said on...
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ECB’S NAGEL: RATES MUST RISE, UNCONVENTIONAL MEASURES SHOULD BE UNWOUND
The European Central Bank (ECB) must continue to hike rates and halt bond purchases once their job is done, European Central Bank (ECB) Governing Council member and German central bank head Joachim Nagel said on...
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SNB’S JORDAN: FURTHER INTEREST RATE RISES CANNOT BE RULED OUT
Swiss National Bank (SNB) Chairman Thomas Jordan said on Friday that further rate rises cannot be ruled out, as reported by Reuters. KEY QUOTES „Swiss inflation has risen much more than expected, considerably above price...
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EUR/USD Forecast: Attempts to Recover
I do believe at this point it’s likely that the Euro will continue to be a bit of a punching bag. The EUR/USD rallied a bit during the trading session on Tuesday but continues to see...
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