During the European session, the GBP/USD forecast remains bullish as the cable looks to stay above the 1.20 psychological mark. The pair closed the week below 1.20 but started the last week of July with an upside momentum. At the time of writing, the pair is trading at 1.20399. Shaky greenback One of the main […]
GBP/USD Forecast: Starts the week with an upside momentum amid weaker DXY Read More »
The dollar rose strongly on Friday but remained on track for its biggest weekly fall since late May after weak US economic data meant that expectations for a 1% US Federal Reserve rate hike next week were eased somewhat. The euro fell from more than a two-week high on Thursday as the European Central Bank
Dollar Rising before Fed’s Rate Hike Read More »
If inflation accelerates, currency depreciation is likely to increase pressure on domestic prices Developing countries live their economic lives at the mercy of the US Federal Reserve. That may sound harsh, but it doesn’t make the truth any less. As monetary conditions ease in the US, capital will flow into emerging markets, making it easier
Dollar Strength Could Hit EM Harder in this Cycle Read More »
This year, demand for long-term LNG supply contracts has surged amid global efforts to reduce Russian gas imports. Manufacturers have capitalized on this trend by charging much higher prices for new long-term contracts. According to an Oil & Gas Journal report, 10-year LNG supply contracts are currently worth about 75% above 2021 levels. However, the
Long-Term LNG Supply Contracts Increasing Amid Embargo with Russia Read More »
German companies face a real risk of production cuts and layoffs as supplies of cheap and clean energy from Russia are cut off due to Western sanctions. German companies, the powerhouse of Europe’s largest economy, are contemplating painful production cuts and resorting to polluting forms of energy previously thought unthinkable as they brace for the
German Companies Bracing for the Worst after Cutting off Gas Supplies from Russia Read More »
A rate hike by the Bank of England last week gave the pound some breathing room. But it’s still 10% weaker against the dollar from its January peak and 3% below the euro. Aside from the occasional shrug about the cost of a beer in Marbella or a ticket to Disneyland in Florida, Brits seem
Devaluating Pound Can Worsen Problems Read More »
The end of the month in the currency area is expected. Including yesterday’s US weekend, aggregate flows were low during the Asian and London hours but saw a buying trend for the euro following inflation data from Spain and Germany. Talks in the trading community mainly focused on last week’s issues, namely the tightening of
ECB to Begin Aggressive Tightening, Favoring Euro Bulls Read More »
Despite a calmer risk environment and heightened expectations for a pause in the Fed’s tightening cycle, the US dollar plunged on Monday morning on European deals, nearing its first monthly loss in five months. Earlier today, the dollar index, which measures the dollar against six other currencies, traded 0.2% lower at 101.51, continuing to retreat
US Dollar Posing a Threat to Further Losses Read More »
Bitcoin’s volatility versus gold eased marginally, suggesting a “fair value” of $38,000 for the cryptocurrency and implying “significant upside potential for digital assets,” according to a research note by JP Morgan’s team of strategists published Wednesday at the Led by Nicholas Panigirtzoglou. Bitcoin was trading at around $29,700 on Wednesday. The token fell sharply over
JP Morgan: Bitcoin to Post Strong Rally, Come out as Alternate Asset Read More »
The Coronavirus cutout means China’s economic growth will lag behind the United States for the first time since 1976, resulting in a shift in roles and possibly political consequences in both Beijing and Washington. In a report released on Thursday, Bloomberg Economics wrote that China’s economy will grow only 2% this year. By comparison, Bloomberg
Bloomberg: US to Outpace China’s Growth Read More »
