Stocks drop following poor consumer confidence reading As investors analyzed new economic data in search of hints regarding the rate of monetary policy tightening, U.S. stocks declined on Tuesday, giving up early gains and sliding for a second straight day.
Japanese Yen Update – USD/JPY/GBP/EUR Struggles Despite Record BoJ Bond Buying JPY: BOJ Core CPI y/y, it measures change in the price of goods and services purchased by consumers, excluding food and energy. EUR: German GfK Consumer Climate, it measures
UAE claims it has no spare capacity, oil prices jump by 1% The energy minister of the United Arab Emirates stated that the country is producing near capacity, defying expectations that this could assist boost supply in a tight market.
Stock Market declines following massive rally last week U.S. stocks declined on Monday, erasing some of the gains made during a surge last week as expectations for the direction of interest-rate rises by the Federal Reserve softened. Early gains were
Gold prices increase as ban on new Russian imports Gold prices rose on Monday as speculation grew that some Western countries could formally forbid the import of the metal from Russia in response to that country’s invasion of Ukraine. By
After stock rebound week, stock futures are marginally higher Following a significant recovery last week from this year’s sharp declines, U.S. stock futures increased marginally on Monday morning. Wall Street is getting ready to close out the worst first half
USD/JPY eyes downside below 135.00 as DXY weakens, US Durable Goods Orders eyed JPY: BOJ Summary of Opinions, It’s the primary tool the BOJ uses to communicate their economic and monetary projections to investors. USD: Core Durable Goods Orders m/m,
As the commodity markets drop, gold and silver decline As the metals markets are participants in a general erosion of the commodity markets driven by crude oil, gold and silver prices are slightly lower in lunchtime U.S. trade on Thursday.
Fears about economy is growing as Wall Street’s hiring frenzy eases After a hiring frenzy last year, Wall Street is slowing down due to the growing uncertainty around the U.S. economic future and the ensuing decline in the financial markets.
Stocks decline as Wall Street’s effort at a rally fails As markets struggled to maintain a recovery from earlier in the day, stocks modestly declined on Wednesday in turbulent trading. Traders also considered remarks made by Federal Reserve Chair Jerome
UK Inflation Remains at Multi-Decade Highs, GBP/USD Nudges Higher NZD: Trade Balance, it measures difference in value between imported and exported goods during the reported month. JPY: Monetary Policy Meeting Minutes, It’s a detailed record of the BOJ Policy Board’s
As US administration strives for lower gasoline cost, oil prices are falling Oil prices fell sharply in early trade on Wednesday, despite US President Joe Biden’s efforts to lower increasing fuel costs, which included pressure on large US corporations to
After a recent pullback, US stocks are up 2% Following a recent selloff, global market indices rose dramatically on Tuesday, with major U.S. stock indexes each closing the day up more than 2%, while the Japanese yen sank to its
UK Inflation Rate; Canada Inflation Rate; Powell Testimony; Japan Inflation Rate; German Info Business Climate NZD: Westpac Consumer Sentiment, it measures level of a diffusion index based on surveyed consumers. AUD: RBA Gov Lowe Speaks, As head of the central
US Dollar Price Action Setups: EUR/USD, USD/NZD, GBP/USD, USD/JPY NZD: Business NZ Services Index, it measures level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: Rightmove HPI m/m, it measures change in the asking
Prior to the European open, gold and silver are trading lower Gold prices have retraced ahead of the European open after a strong day on Thursday (-0.62%). It has a similar effect as silver (-0.28%), albeit to a smaller amount.
Fears about economy are causing stock global markets to collapse The United Kingdom and Switzerland boosted interest rates on Thursday, a day after the Federal Reserve of the United States announced the highest rate hike since 1994 affected the global
Gold rises as the dollar falls in anticipation of the Fed’s decision The dollar index fell 0.2 percent on the day after hitting a near two-decade high the day before, while benchmark US 10-year Treasury yields also fell from multi-year
