Haven currency falls on omicron concerns As Asian traders eased concerns about the Omicron variant, risky currencies against the dollar on Wednesday rebounded from recent lows, and safe havens like the yen fell against the dollar. The Chinese yuan, an
Options market USD/CAD turns most bearish in last two weeks & expecting volatility in future WTI crude fell to $70.40 in an early two-day rally on Tuesday. While the 2-day symmetrical triangle limits Black Gold’s recent move, adding 50 HMA
Former US Treasury Secretary – Tariff cuts from the US and China will lower US inflation Former Treasury Secretary Jacob Liu told reputed news firm on Tuesday that lifting tariffs on goods during the worst trade war would help reduce
GBP/USD remains weak below 1.3350 amid omicron concerns and Brexit concerns GBP/USD is trading moderately below 1.3350, consolidating from its 11-month low of 1.3278, with risk sentiment improving slightly. Despite the risk reset, the risk remains downward biased against the
Retail sales in Japan rose 0.9% in three months in October Japan’s October retail sales were lower than expected but increased for the first time in three months, and underlying private consumption trends indicate pressures on a fragile economic recovery
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GBP/JPY: Brexit, full-fledged bear dominating below 153.00 on COVID-19 chatter GBP/JPY licks the cut at the 152.70 area after hitting a week-long high before hitting a two-week low of 152.47 ahead of the London opening on Friday. The Cross saw
Nikkei 225 dip 3% & Asia-Pacific markets slip down on rising fear of new COVID-19 strains GBP/JPY licks the cut at the 152.70 area after hitting a week-long high before hitting a two-week low of 152.47 ahead of the London
Global Market Asian tech stocks rise with dollar gain Asian tech stocks moved higher on Thursday, following US stocks. Although the larger gains were limited by the strength of the US dollar, as investors gambled on a faster rate hike
EUR/GBP hovers around 0.8400, ECB’s Lagarde and BOE’s Bailey keep an eye on EUR/GBP remained bearish in the early hours of Thursday morning in Europe. Cross-currency pairs are approaching their annual lows recorded on Monday as fears over coronavirus in
Japanese Prime Minister Kishida worked with the U.S to confirm the release of some oil reserves Japanese Prime Minister Kishida Fumio said on Wednesday that the government would release some of its oil reserves at a request from the US
USD/JPY rise above 115.00 when bullish track hits 44-month high The USD/JPY bull is breathing around 115.10 after a spike that broke a multi-month high earlier on Wednesday. At the same time, the yen is struggling to extend its two-day
RBA Kohler: Closely monitoring risk premiums to determine if asset prices look “reasonable” The Reserve Bank of Australia will closely monitor risk premiums to determine whether assets are being priced “reasonably”, particularly in times of record low-interest rates, said domestic
Gold price outlook: XAU/USD Bulls bullish amid weak US dollar in Asia Asia’s gold is rallying as the US dollar offset some of its overnight gains as the US dollar breaks new cyclical highs following the re-election of Fed Chairman
Spotlight on Retail Sales of Pound and Canadian Dollar GBP/CAD is still moving lower and is trading moderately near 1.6990 early on Friday. The cross hit a one-month high the day before retreating from the 50-day EMA. At the same
Eyes on USA big economic event’s impact on USD Philadelphia Federated Index release The Philadelphia Federal Reserve’s Manufacturing Index is based on the Manufacturer’s Business Outlook Survey of the Third Federal Reserve Board. Participants received various measurements of activity at
RBNZ Survey – Inflation is expected to rise & to be around 3% Aggressive polls at the Reserve Bank showed a very sharp rise in expectations for future inflation. The results of the RBNZ’s latest quarterly forecast survey could fuel
Upcoming UK CPI Data – Will the Inflation trend rise? Retail sales data will be significant on Friday as UK consumer spending has remained at a fairly low level since May. Another negative footprint in October will dampen growth driven
