Macpherson
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EU gas prices face pressure – ING
European natural gas prices faced significant pressure yesterday, with TTF ending the day 6% lower, ING’s commodity analysts Warren Patterson and Ewa Manthey notes. EU gas storage is a little over 40% full "The US-Ukraine minerals deal contributed to downward pressures. German utilities are calling
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US Dollar stuck despite the latest market rout
The US Dollar trades flat and unfazed by overnight events. The Trump administration is trying to corner China further with third-party tariffs and semiconductor restrictions. The US Dollar Index (DXY) resides just above important support ahead of more downside. The US Dollar Index (DXY), which track
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ECB's Escriva: No pre-established future path for interest rates
European Central Bank Governing Council member Jose Luis Escriva said late Sunday that monetary policy must be approached with caution given the current extraordinary uncertainty, per Bloomberg. Key quotes It’s very difficult to gauge the impact of events that are unfolding. It’s advisable to be cau
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Gold Analysis – Ascending Channel with Resistance Rejection
#XAU/USD# Gold (XAU/USD) Analysis – Ascending Channel with Resistance Rejection 📉 📊 Timeframe: 4H 💰 Current Price: $2,939 📈 Trend: Uptrend within an ascending channel Market Overview: Gold is currently trading inside an ascending channel, respecting both dynamic support and resista
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Forex Today: UK inflation and the FOMC Minutes will be in the spotlight
The US Dollar managed to regain some balance and stage a tepid rebound helped by the resumption of concerns over US tariffs, as well as a widespread selling pressure in the risk-linked universe. Here is what you need to know on Wednesday, February 19: The US Dollar Index (DXY) regained the smile and
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Australia: RBA delivers first rate cut since Nov 2020 – UOB Group
As expected, the Reserve Bank of Australia (RBA) decided to lower the cash rate target by 25bps to 4.10% and the interest rate paid on Exchange Settlement balances to 4.00%. This is the first interest rate cut in more than four years, with the RBA citing some progress towards bringing down inflation
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Fed's Bowman: High asset prices may have impeded inflation progress
Federal Reserve (Fed) Board of Governors member Michelle Bowman noted on Monday that the Fed's recent progress on inflation may have been hampered by rising asset prices. Key highlights High asset prices may have impeded progress on inflation. I expect inflation to decline but upside risks remain. M
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EUR/USD Daily Chart Analysis For Week of Feb 14, 2025
#EUR/USD# Technical Analysis and Outlook: During the trading session in the current week, the Euro reached our designated Mean resistance of 1.050 and is establishing a potential resurgence of extending upward momentum to an Inner Currency Rally of 1.060. On the other hand, if the anti
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AUD/USD: Likely to rise to 0.6355 – UOB Group
As long as Australian Dollar (AUD) remains above 0.6270 vs US Dollar (USD), there is a chance for it to rise above 0.6330. The major resistance at 0.6355 is likely out of reach for now. In the longer run, as long as 0.6250 is not breached, AUD is likely to rise to 0.6355, UOB Group’s FX analysts Que
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EUR/USD: Technical target for EUR is 1.0530 – UOB Group
Outlook for Euro (EUR) vs US Dollar (USD) is positive, with a technical target of 1.0530. In the longer run, scope for EUR to test 1.0495; the major resistance at 1.0530 is unlikely to come under threat, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Outlook for EUR is positive24-HOUR V
Pull-up Update
