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23 Jan 2024

EUR/USD: Unlikely to stage a sustainable rally to levels above 1.1000 – ING

EUR/USD is stuck at 1.0900. Economists at ING analyze the pair’s outlook.

ECB meeting not a game changer for the Euro

The Eurozone consumer confidence and the ECB lending survey are in focus today as markets await Wednesday’s PMIs and the European Central Bank's decision on Thursday.

The direction of travel today for the pair will mostly be a consequence of whether Western stock indices will be able to keep the positive mood shown by Asian equities and FX.

We still deem a sustainable rally to levels above 1.1000 as unlikely and do not see the ECB meeting as a game changer for the Euro.

Jan 23, 2024

Gold Price Forecast: XAU/USD seen higher at $2,250 by year-end – UBS

Gold (XAU/USD) made a swift turnaround in 2023, gaining more than 15%.

NZD/USD hovers around 0.6100 as US Treasury yields decline, awaits New Zealand CPI data

NZD/USD recovers its recent losses and trades around 0.6100 during the early European session on Tuesday.