March 2023 – Page 33 – UAG Trade Asia

Australian Dollar Outlook: Inflation Takes a Back Seat as Risks Accelerate

March 11, 2023
Forecast
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The Australian Dollar folded like a cheap chair during the week after the RBA put down the hose that had been pointed toward red-hot inflation, but the Fed and USD could be the driver for AUD/USD.

March 11, 2023
Forecast
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Gold prices surged for the second week after rebounding off the 100-week moving average now holding as support around $1,813. Can bulls drive XAU/USD to $1,880?

March 11, 2023
Forecast
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The pound has been in a broad decline, apart from cable which has been dominated by the USD sell-off. Next week’s Spring Statement ought to add to sterling volatility

March 10, 2023
Business
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MOSCOW, March 10 Reuters Moscow Exchange, Russia39;s main bourse, recorded a 29 increase in net profit in 2022 to 36.3 billion roubles 479 million, the company said on Friday. Trading volumes remained strong at Moscow Exchange last year, despite a monthlong closure of the stock market after the Kremlin ordered tens of thousands of troops […]

March 10, 2023
Finance
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BENGALURU, March 10 Reuters Inflows into Indian equity mutual funds jumped over 25 sequentially to 156.86 billion rupees 1.91 billion in February, the highest in nine months, data from the Association of Mutual Funds in India AMFI showed on Friday. The rise in inflows offset some of the pressure on markets, which have witnessed sustained […]

March 10, 2023
Finance
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European lenders sink after Wall St rout SAP slips after rival Oracle39;s revenue miss U.S. nonfarm payrolls due at 1330 GMT March 10 Reuters European shares tumbled to a more than onemonth low on Friday on uncertainty around U.S. monetary tightening, with financial stocks sinking 4.2 after a warning from a U.S. bank spurred worries […]

March 10, 2023
Finance
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UK banks index drops to eightweek low FTSE 100 down 1.9, FTSE 250 off 2.1 FTSE on track for worst weekly decline since September March 10 Reuters London39;s bluechip FTSE 100 index fell on Friday as UK lenders dropped 4.6 in a global banking sector selloff, while uncertainty around central banks39; moves added to the […]

March 10, 2023
Finance
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MUMBAI, March 10 Reuters The Indian rupee was little changed on a weekonweek basis, avoiding the losses that its Asian peers incurred due to the rally in the dollar index, aided by dollar sales by foreign banks. The rupee was marginally down at 82.04 to the dollar on Friday and was up about 0.1 for […]

March 10, 2023
Forecast
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The Dollar Index (DXY) finished the week with a whimper as Friday’s US data came in mixed. Bullish structure remains intact above the 104.30 level.

GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Feb 28, 2023 18:00 GMT when GBP/USD traded near 1.20.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBP/USD-bullish contrarian trading bias.

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Australian Dollar Outlook: Inflation Takes a Back Seat as Risks Accelerate

Gold Price Forecast: XAU/USD Heads Toward $1880 After Strong Recovery

GBP Fundamental Forecast: Sterling Struggles Ahead of Spring Statement, US CPI

Moscow Exchange Sees 29 Jump in Net Profit in 2022

India Equity Mutual Fund Inflows Hit NineMonth High in Feb Industry Data

Europe Shares Tumble as Banks Slump, Fed Uncertainty Weighs

UK Stocks Slide as Banks Sink, U.S. Payrolls Awaited

Rupee Holds Up Well to Dollars Rally, almost Unchanged WeekonWeek

US Dollar (DXY) Technical Forecast: DXY at the Mercy of US Data with Inflation Ahead Next Week

GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since Feb 28, 2023 18:00 GMT when GBP/USD traded near 1.20.

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