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Gbpusd daily analysis – june 7, 2023
The GBPUSD currency pair remains entrenched in a downtrend that started from the peak at 1.2679. The recent pullback from the 1.2544 level suggests a ...
Wine tourism market is expected to reach us$ 47.5 billion, registering a cagr of 13.1% during forecast of 2023 to 2033 | future market insights, inc.
France, with its renowned wine culture, continues to draw a substantial number of wine tourists, with regions like Bordeaux, Burgundy, and Champagne b...
Asian equities gain with positive signs for china
Benchmark indexes were higher at the open in Japan, South Korea and Australia, while futures for Hong Kong climbed 1.9 percent and a measure of US-lis...
Gold price forecast: xau/usd eyes further upside past $1,950 with inverse h&s in offing, softer us dollar
With this, the XAU/USD is well-set to prod the aforementioned inverse H&S’s neckline, around $1,983 at the latest. However, further upside hinges on...
Precious-gold flat on caution ahead of fed’s rate decision next week
Gold prices were flat on Wednesday as cautious traders awaited the U.S. Federal Reserve’s interest rate decision at its policy meeting next week, al...
Gold, silver prices continue to decline
Govt says 3.5pc growth target quite realistic Gold, silver prices continue to decline World Bank revises GDP growth downward to 0.4pc Budget proposals...
Audusd soars on rba hike, eurusd underperforms, cad, gbp, jpy wrap
Futures suggest that Japan’s bond market is functioning better, reducing pressure on the central bank to alter its monetary-easing program. The spre...
Eurusd daily analysis – june 7, 2023
The EURUSD currency pair has been trading in a sideways movement, forming a trading range between the levels of 1.0635 and 1.0778. This consolidation ...
Pboc sets usd/ cny mid-point today at 7.1196 (vs. estimate at 7.1194)
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...
Bank of canada monetary policy decision due wednesday, 7 june 2023 - 'on hold' preview
CIBC expect the Bank of Canada to remain on hold at the policy meeting today:1400 GMT is 10am US Eastern time. Via CIBC, tipping no change at the meet...
Global power monitoring market is likely to witness a worth of us$ 5.3 billion, rising at a cagr of 5.2% from 2023 to 2033 | future market insights, inc.
Growing attention to cost-cutting measures, maximizing the reliability of electrical infrastructure, and efficient use of electricity resources are ke...
Crude oil price skittled as market swallows opec+ cuts. is wti rangebound?
Crude oil prices retreated to the middle of the range on Wednesday after catapulting higher earlier in the week on OPEC+ productions as inventory data...
Aud/usd bulls approach 0.6700 as rba’s lowe sounds hawkish, australia gdp eyed
Mixed Fed clues, previously downbeat data and pre-FOMC blackout prod US Dollar buyers. Read Full Story at source (may require registration) The post A...
Cogent biosciences announces pricing of upsized public offering of shares of common stock
WALTHAM, Mass. and BOULDER, Colo., June 06, 2023 (GLOBE NEWSWIRE) — Cogent Biosciences, Inc. (Nasdaq: COGT), a biotechnology company focused on deve...
Pboc is expected to set the usd/cny reference rate at 7.1194 – reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setti...
Usd/chf closed with gains amid cautious market sentiment
The USD/CHF closed Tuesday’s session at the 0.9075 area, recording a 0.16% gain. The US dollar benefited from a cautious market mood despite US bond...
Rba governor lowe says if inflation stays high we will feel a lot of pain
Reserve Bank of Australia Governor Lowe spoke earlier:RBA Gov Lowe: Further tightening of monetary policy may be neededFollow up Q&A now. Lowe:Its per...
Usd/jpy and a return to 140 in the hands of china trade data
It is a quiet day ahead for the USD/JPY. However, trade data from China will draw interest this morning as investors grapple with the Fed’s policy o...
Luxury estate in coveted nascar enclave enters market for $7,000,000
CORNELIUS, N.C., June 06, 2023 (GLOBE NEWSWIRE) — An extraordinary waterfront property on the shimmering shores of Lake Norman has entered the marke...
Eco data 6/7/23
The post Eco Data 6/7/23 appeared first on Action Forex......
Blinken met saudi crown prince - discussed cooperation
A statement from the US State Department after Secretary of State Blinken met with Saudi Arabia's crown prince: Blinken emphasized that our bilateral ...
Oil: signs of tightness in the physical market will need to emerge for oil prices to rally
A snippet from ANZ's outlook for oil. The Energy Information Agency said that oil demand in the US will grow at just under 1% in 2023 due to a forecas...
Usd / cad – canadian dollar consolidating gains
Reserve Bank of Australia raises rates. – Oil prices slide despite Saudi production cut plans. – US dollar mildly softer. USDCAD snapshot: open 1....
The pga and liv gold merger is the revenge of the saudi ‘pariah’
Crown Prince Mohammed bin Salman wins again. Read Full Story at source (may require registration) The post The PGA and LIV Gold Merger Is the Revenge ...
Gbp/usd price analysis: cable prods three-day downtrend above 1.2400, further rise appears difficult
GBP/USD stays defensive after three-day losing streak, rebounds of late. Pound Sterling’s recovery from fortnight-old support line, improving oscill...
Aud/usd and nzd/usd fundamental analysis: aussie gdp in focus
It is a busy morning for the AUD/USD and NZD/USD. Australian GDP numbers will influence ahead of the all-important trade data from China. The post AUD...
Usd/cad forecast: boc interest rate decision takes spotlight
USD/CAD registers a fresh weekly low (1.3390) as it gives back the advance from the start of the week, but the Bank of Canada (BoC) interest rate deci...
Rba gov lowe: further tightening of monetary policy may be needed
Live link is here:Reserve Bank of Australia Full text is here:A Narrow Path Headlines via Reuters: Too early to declare victory in the battle against ...
Australian manufacturing index may -5.1 (prior -20.2) & construction -6.6 (prior -12.4)
Survey results for manufacturing and construction indexes for May 2023 from the Australian Industry Group.AiG Manufacturing Index -5.1prior -20.2Const...
Lloyds banking group to launch £600m telegraph auction after seizing control
Not forex related but an interesting development in the UK. Lloyds to launch £600m Telegraph auction after seizing controlInfo comes via Sky, at the ...
The implications of growing cryptocurrency acceptance for major retailers and companies
Major merchants and businesses are now accepting digital currencies as a genuine payment option, demonstrating how quickly cryptocurrencies have acqui...
Tingo group, inc. investors: please contact the portnoy law firm to recover your losses
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, June 06, 2023 (GLOBE NEWSWIRE) — The Portnoy ...
Goldman sachs says the probability of us recession in 12 months is 25% (vs previously 35%)
In March Goldman Sachs assigned a recession probability to 35% after the collapse of Silicon Valley Bank.Analysts at the bank have trimmed that to 25%...
Eur/usd forecast: sill near 1.0700, risks remain titled to the downside
US Dollar is mixed as equity prices move without clear direction ahead of a crucial week. European data indicate that consumer spending remains cautio...
Brunswick corporation named one of the best companies to work for in 2023 by u.s. news & world report
METTAWA, Ill., June 06, 2023 (GLOBE NEWSWIRE) — Brunswick Corporation (NYSE: BC), the world’s largest marine technology company, has been named on...
