Since the ECB seems to be more aggressive and the Fed has kept the rate hike option open, analysts are pushing down their end-year EUR/USD forecast. RBC Capital Markets estimates the pair is likely to be close to the bot…
Since the ECB seems to be more aggressive and the Fed has kept the rate hike option open, analysts are pushing down their end-year EUR/USD forecast. RBC Capital Markets estimates the pair is likely to be close to the bottom of the 1.08/1.15 range by end the year. The bank's RAT (risk aversion thermometer) has plunged to its most risk-seeking level in three years, and helped to push the pair lower.
Now the policy seems to be more imminently diverging between the ECB and the Fed/BoE. At the Oct 22 meeting, Draghi indicated a shift from "wait and see" mode to "work and assess". That is associated with multiple other hints of further easing to come in December.
As the ECB appears to be more aggressive, RBC Capital Markets anticipates an expansion to the current asset purchase program as well as a 20bps deposit rate cut at the ECB's December meeting.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
