BCA sees room for a bigger U.S. dollar rebound
BCA sees room for a bigger U.S. dollar rebound
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BCA sees room for a bigger U.S. dollar rebound
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The AUD/USD forecast indicates resilience in the Australian dollar despite a drop in risk appetite. The dollar rebounded on Tuesday as geopolitical tensions sent traders scrambling for safety. Market participants are only confident of an RBA cut in November. The AUD/USD forecast indicates resilience in the Australian dollar despite a drop in risk appetite due…
We expect the RBNZ to cut the OCR by 25bp to 3%. We don’t expect a significant change in the RBNZ’s OCR profile, which is still likely to indicate a chance of a further cut in November. Beyond this meeting a data-dependent easing bias seems likely. A higher bar seems likely for an easing in…
Bitcoin’s journey to $100,000 is hitting a snag as an area of interest limits bullish demand. Here’s a level you can watch if you’re waiting for bitcoin to moon (some more): Bitcoin (BTC/USD) 4-hour Chart by TradingView In case you missed it, a rejection from just under the big $100,000 level dragged BTC/USD back to…
Most Read: WTI Oil Eyes a Bullish Bounce but Bearish Pressure Remains in Play Bitcoin (BTC/USD) found support today and bounced off a key area of support. The bounce comes as US Bitcoin and Ethereum ETFs face $1 billion in outflow. The fundamentals at this stage seem to hint at further downside, will Bitcoin be…
GBP/JPY holds gains following unexpected dovish comments from BoJ Deputy Governor Shinichi Uchida. BoJ’s Uchida emphasized to maintain its current level of monetary easing for the time being. The Japanese Yen may appreciate due to increased risk aversion amid heightened Middle East tensions. GBP/JPY halts its losing streak that began on July 30, trading around…
92 of 101 economists expect a 25 bps rate cut next week 65 of 95 economists expect three 25 bps rate cuts for the remainder of the year 54 of 71 economists believe that the Fed cutting by 50 bps at any of the meetings as ‘unlikely’ On the final point, five other economists believe…