Norwegian Krone: Norges Bank’s surprise hike and risk support – HSBC
HSBC reports that the Norwegian Krone (NOK) has gained alongside other risk-on currencies versus the Dollar, supported by improved sentiment and domestic policy. Norges Bank surprised markets on 7 May…
Gold Price Forecast: XAU/USD hits lows near $4,650 as Fed easing hopes dim
Gold (XAU/USD) pulls back from last week’s high on Monday, reaching session lows a few dollars above the $4,650 level at the time of writing. Waning hopes of a swift…
Sunrise Market Commentary – ActionForex
Markets April payrolls in the US were stronger than expected (115k vs 65k) and confirm outgoing Fed chair Powell’s message at the presser of the April policy meeting. He said…
The Salloum Effect: How One Trader Captured the Global Spotlight in Just 7 Days
In the world of proprietary trading and digital finance, notoriety is usually earned over decades. However, every so often, a figure emerges who shatters expectations and rewrites the playbook. This…
Euro picks up despite growing geopolitical risks, higher Oil prices
The Euro (EUR) is trading moderately higher against the Dollar (USD), yet moving within previous ranges on Monday. The pair has returned to the upper side of the 1.1700s range,…
EUR/JPY price forecast: Bulls eye 185.00 but 200-SMA caps upside
The EUR/JPY cross attracts fresh buyers following a bearish gap opening around the 183.80 region on Monday and extends the steady intraday ascent through the first half of the European…
GBP/USD Trades Sideways, USD/CAD Rally Still Looks Strong
GBP/USD is attempting a consolidation phase above 1.33500. USD/CAD is showing positive signs and might aim for more gains above 1.3725. Important Takeaways for GBP/USD and USD/CAD Analysis Today The…
Indian Rupee: PMI resilience contrasts with weakness – Commerzbank
Commerzbank notes that India’s April PMIs (Purchasing Managers' Index) show resilient activity in both manufacturing and services despite global uncertainty and higher input costs. External demand remains firm for goods,…
China Plays to Its Comparative Advantage
In trade, investment and, with time, via financial flows, China has a considerable long-term advantage that is set to grow their real economy and national wealth. This week, President Xi…
PBOC plans to boost international use of Chinese Yuan
The People's Bank of China (PBOC) launched a multi-pronged strategy on Monday to stabilize domestic markets and elevate the Chinese Yuan's global standing. Key quotesPlans to enhance real estate financial oversight. Plans…
