The NZD / USD have struggled to benefit from a modest rebound from its year-to-date lows and is stable around 0.6725
The NZD / USD have struggled to benefit from a modest rebound from its year-to-date lows and is stable around 0.6725 NZD/USD held around the 0.6725 region in the early European session, although it seems to be struggling to capitalize on the intraday bounce from the current year lows. The pair once again succeeded in […]
Asian Markets recover spurred by Omni corn worries
Asian Markets recover spurred by Omni corn worries Asian equities on Tuesday rebounded from the global downturn in financial markets, boosted by concerns about the impact of Omicron variants, inflation and other forces on the global economy. Tokyo has risen by more than 2% and other benchmarks in Asia have also risen. Much of the […]
USD/JPY holds near 113.60 on steady hand at BoJ
USD/JPY holds near 113.60 on steady hand at BoJ USD/JPY remains on the defensive as the European session approaches and was last seen trading near three-day lows, around mid-113.00. After struggling to find bullish acceptance above the 114.00 mark, USD/JPY sold off on Thursday and reversed the previous day’s FOMC move to monthly highs. A […]
Bank of England governor Andrew Bailey acts as an inflation rocket, the highest in 30 years at 6%
Bank of England governor Andrew Bailey acts as an inflation rocket, the highest in 30 years at 6% The pound sterling has risen against the dollar and euro as the Bank of England raised interest rates for the first time since the pandemic. Warning that inflation is approaching its highest level in 30 years, […]
The Fed is expected to take a huge step towards raising rates
The Fed is expected to take a huge step towards raising rates The Federal Reserve is, of course, expected to announce dramatic changes on Wednesday, which will pave the way for the first rate hike next year. The market expects the Fed to accelerate its bond purchase program and change its end date from June […]
XAU/USD bounces with USD 1,770 support and Fed is in focus
XAU/USD bounces with USD 1,770 support and Fed is in focus Gold (XAU/USD) is stable at around $ 1,772 and cannot recover from four months of support at the beginning of Wednesday. The price of the gold bar has fallen over the past two days amid growing concerns about a South African Covid variant known […]
The Federal Reserve of the United States is bracing itself to face the Inflation Challenge
The Federal Reserve of the United States is bracing itself to face the Inflation Challenge After more than a decade of subdued inflation, a wave of price increases has swept through the US economy, affecting automobiles, housing, and food, and shaking policy makers intent on selling a reassuring message of recovery. President Joe Biden has […]
EUR/USD is still at risk of Omicron Covid
EUR/USD is still at risk of Omicron Covid EUR/USD fell on prospects that the EU will become the epicenter of the new covid strain, Omicron. As of this writing, EUR/USD is trading from 1.1277 to the lows of 1.1273 and 1.1286, with little or no change throughout the day in the early-week range. According to […]
USA November, inflation rose 6.8%, much higher than expected, and reached its highest level since 1982
USA November, inflation rose 6.8%, much higher than expected, and reached its highest level since 1982 The Labor Department said Friday that inflation accelerated at its fastest pace since 1982, putting pressure on economic recovery and raising interest rates by the Fed. The Consumer Price Index, which measures the value of a diverse basket of […]
XAU/USD rises within the integration area
XAU / USD rises within the integration area Gold (XAU/USD) has maintained its position on the Asian daily chart, where prices have risen since the last week of November. At the time of this writing, XAU/USD were trading at a rise of $ 1,778.54 and 0.18 after rising from a low of $ 1,775.31 […]
U.S. weekly jobless claims are at their lowest since 1969 amid labor market pressures
U.S. weekly jobless claims are at their lowest since 1969 amid labor market pressures The number of Americans filing new unemployment claims fell to the lowest level in 52 years last week as labor market conditions continue to deteriorate due to a severe labor shortage. The drop reported by the Labor Department in Thursday’s […]
AUD/USD holds up to 0.7170 despite new sentiment challenge
AUD/USD holds up to 0.7170 despite new sentiment challenge AUD/USD fell to 0.7120 after hitting a one-week high in Wednesday’s early Asian session. A new challenge to the pre-risk sentiment before is bullish, but the Australian technical breakout of a major hurdle gives buyers hope in a quiet session with no significant data/events. AUD/USD is […]
House prices rise to highest in 15 year
House prices rise to highest in 15 year Home prices rose 3.4% in the three months to the end of November, the biggest increase since the end of 2006, and 8.2% in one year. The average real estate price in the UK broke a new record at £272,992 in November, mortgage lenders said. However, he […]
How might Reserve Bank of Australia decision on Interest rates affect AUD/USD?
How might Reserve Bank of Australia decision on Interest rates affect AUD/USD? As with the first Tuesday of every month, the Reserve Bank of Australia (RBA) is ready to announce its latest monetary policy meeting and interest rate decision around 03:30 GMT. The RBA is expected to keep its benchmark interest rate at 0.10% and […]
Hong Kong and Japanese shares upward thrust above 1% after Wall Street rally on COVID-19 new variant optimism
Hong Kong and Japanese shares upward thrust above 1% after Wall Street rally on COVID-19 new variant optimism Stocks in the Asia Pacific region rebounded on Tuesday and recovered from Monday’s losses as Wall Street raised optimism that the risks of Omicron options may not be as severe as they feared. Shares in Hong Kong’s […]
AUD / USD defends 0.7000, prepares for RBA omissions, PBOC RRR falls in stronger yields
AUD / USD defends 0.7000, prepares for RBA omissions, PBOC RRR falls in stronger yields The AUD / USD rose slightly to 0.701015 during the Asian session on Monday, licking the wounds after the sharp daily decline since early May. Optimistic views on the Australian economy, expectations for a rate cut by the People’s Bank […]
Saudi oil prices surged by more than $1 a barrel
Saudi oil prices surged by more than $1 a barrel Oil raised more than $1 a barrel on Monday as key exporter Saudi Arabia raised the price of crude it sells to Asia and the US and indirect talks to resume a nuclear deal with Iran appeared to have stalled. 4,444 February Brent futures were […]
Global stocks falter as Didi delisting raises concerns of China in US
Global stocks falter as Didi delisting raises concerns of China in US Stocks tumbled on Friday after Chinese giant Didi announced that it would be delisting in New York, sparking new concerns about tensions and tech regulations in China, while Omicron oil prices fell for the sixth straight week and fears of a rate hike […]