XAU/USD is expected to drop to about $1,900 as aggressive Fed officials dampen market sentiment
XAU/USD is expected to drop to about $1,900 as aggressive Fed officials dampen market sentiment After a massive sell-off on Tuesday, gold (XAU/USD) is struggling in the Asian session. Given the adverse market movement and aggressive tone espoused by Federal Reserve (Fed) policymakers, the precious metal is anticipated to drop to around the psychological support […]
Markets are ‘functioning smoothly,’ with no signs of default despite severe volatility, according to CFTC Chair
Markets are ‘functioning smoothly,’ with no signs of default despite severe volatility, according to CFTC Chair Markets are “functioning well” despite unprecedented volatility caused by Russia’s invasion of Ukraine, according to the chair of the US Commodity Futures Trading Commission on Wednesday. While the financial sector is “definitely” stressed, there are no red lights indicating […]
For the third month in a row, foreign inflows into US Treasury securities were recorded in January
For the third month in a row, foreign inflows into US Treasury securities were recorded in January Net foreign inflows into Treasuries increased for the third month in a row in January, totaling $74.36 billion, according to data released by the US Treasury Department on Tuesday. According to Treasury International Capital (TIC) data, private […]
The AUD/USD is expected to fall further towards 0.7200 as China and the Fed join the Ukraine-Russia crisis
The AUD/USD is expected to fall further towards 0.7200 as China and the Fed join the Ukraine-Russia crisis As market sentiment deteriorates ahead of Monday’s European session, the AUD/USD reverts to an intraday low around 0.7250, down 0.48 percent on the day. The risk barometer validates the market’s recent pessimism, as well as its apprehension […]
Goldman Sachs and JPMorgan Chase are exiting the Russia business, and EU banks are disclosing additional exposures
Goldman Sachs and JPMorgan Chase are exiting the Russia business, and EU banks are disclosing additional exposures Goldman Sachs Group Inc and JPMorgan Chase were the first U.S. banks to stop doing business in Russia after it invaded Ukraine, while Credit Suisse said it had 1.6 billion Swiss francs ($1.73 billion) in gross exposure to […]
British stocks rise as energy stocks soar; Shell discontinues purchases of Russian oil
British stocks rise as energy stocks soar; Shell discontinues purchases of Russian oil The FTSE 100 in London edged higher on Tuesday, aided by strong gains in energy stocks as oil prices rose after Britain and the United States announced bans on Russian crude imports, while insurer and asset manager M&G was the top […]
Tightening financial conditions are a warning sign for the global economy
Tightening financial conditions are a warning sign for the global economy Global financial conditions, which are thought to be strongly correlated with future growth, are at their tightest in two years, owing to rising energy prices, falling stock markets, and market fallout from the Ukraine-Russia conflict. The term “financial conditions” refers to how variables such […]
The S&P 500 has confirmed a correction as stocks fall due to war fears
The S&P 500 has confirmed a correction as stocks fall due to war fears The S&P 500’s 1% drop on Tuesday confirmed that the world’s most watched stock index was in a correction for the first time since the 2020 Wall Street crash caused by the COVID-19 pandemic.US investors sold stocks amid rising fears of […]
Weekly jobless claims in the United States unexpectedly rise
Weekly jobless claims in the United States unexpectedly rise Last week, the number of Americans filing new claims for unemployment benefits unexpectedly increased, but remained at levels associated with tightening labour market conditions. The Labor Department reported on Thursday that initial claims for state unemployment benefits increased by 23,000 to a seasonally adjusted 248,000 for […]
Yields climb as CPI data, Bullard remarks increase Fed hike views
Yields climb as CPI data, Bullard remarks increase Fed hike views U.S. Treasury yields rose on Thursday, with the benchmark 10-yr U.S. Treasury hitting 2% for the primary time seeing that August 2019 after a higher-than-predicted inflation analyzing and feedback from a Federal Reserve legitimate strengthened expectancies the relevant financial institution will pass to fight […]
GBP/USD steady in Asia ahead of key US CPI data
GBP/USD steady in Asia ahead of key US CPI data GBP/USD is steady on the day and patiently waits between 1.3526 and 1.3538 ahead of today’s key event in the US Consumer Price Index. The British Pound initially benefited from a weak Dollar at the start of the week and calmed central bank sentiment at […]
Moving Central Bank rate speeding up Russian inflation to 8.73%
Moving Central Bank rate speeding up Russian inflation to 8.73% Inflation in Russia accelerated to 8.73% in January, the highest level since the beginning of 2016, and data from the statistics service Ross tat showed on Wednesday, reinforcing expectations that the central bank will choose to picks up another big rate hike at its meeting […]
Canadian dollar weakens as oil recovery loses momentum
Canadian dollar weakens as oil recovery loses momentum The Canadian dollar weakened against the US dollar on Tuesday, returning some of yesterday’s strong gains, driven by falling oil prices and country data showing an unexpected trade deficit 78.70 US cents, after trading between 1.2665 and 1.2721. “Some of this weakness is attributed to the decline […]
Japanese stocks rally on bargain hunt, but US CPI cautiously limits gains
Japanese stocks rally on bargain hunt, but US CPI cautiously limits gains Japanese stocks rose on Tuesday, dragging Nasdaq futures and investors buying back battered stocks, including technology shares, although gains were limited by caution over data. More US inflation is expected at the end of the week. At 02:20 GMT, the Nikkei stock average […]
U.S. week after week jobless cases drop more than anticipated
U.S. week after week jobless cases drop more than anticipated The quantity of Americans recording new cases for joblessness benefits fell more than anticipated last week as COVID-19 contaminations died down, recommending that an expected stoppage in work development in January was logical transitory. Beginning cases for state joblessness benefits dropped 23,000 to an occasionally […]
GBP/JPY tracks sustained break above 154.75 amid impending bearish crossover
GBP/JPY tracks sustained break above 154.75 amid impending bearish crossover GBP/JPY builds on three-day bullish momentum as bulls eye maintains movement above recent highs near 154.75. The ongoing recovery over the past decade can be attributed to the Fed’s hawkish outlook on interest rates and a shrinking balance sheet, which sent USD/JPY up sharply along […]
USD/JPY takes the bids to refresh weekly top, jumped the most in 14 days post-Fed.
USD/JPY takes the bids to refresh weekly top, jumped the most in 14 days post-Fed USD/JPY justifies hawkish Fed showdown whilst taking the bids close to 114.75, up 0.15% intraday to refresh weekly pinnacle as Tokyo opens for Thursday. The yen pair rose the maximum in 3 weeks after the United States Federal Reserve […]
US Federal Reserve plans to raise interest rates from March to ease inflation
US Federal Reserve plans to raise interest rates from March to ease inflation Behave as instantaneously demanding situations for the threat urge for food and the USD/JPY pair. “Japan`s each day remember of latest COVID-19 instances hit but any other report of over 70,000 on Wednesday because the extra transmissible Omicron variation keeps its fast […]