XAU/USD is in a bullish zone near the key $1,850 level
XAU/USD is in a bullish zone near the key $1,850 level Gold (XAU/USD) remains in bullish territory near the psychological $1,850 level as the market awaits key Federal Reserve results during today’s midday New York session. On the other hand, the US dollar is under pressure to test the resilience of the 96 figure in […]
NZD/USD hit by a toxic cocktail with risk themes
NZD/USD hit by a toxic cocktail with risk themes Down around 0.15%, NZD/USD is currently trading near 0.6690 and is moving between a low of 0.6670 and a high of 0.6709. Escalating tensions between Russia and Ukraine became the driving force as investors pounced on the Federal Reserve on Wednesday, As a result, the S&P […]
Shares in Hong Kong and Japan fall as Asia-Pacific markets fall on Wall Street volatility
Shares in Hong Kong and Japan fall as Asia-Pacific markets fall on Wall Street volatility Shares in Japan and Hong Kong fell 2% as Asia-Pacific markets fell on Tuesday following a volatile overnight session on Wall Street. Japan’s Nikkei 225 fell nearly 2% as auto and technology shares largely fell, while Topix fell 1.83%. Hong […]
GBP/USD: UK policy is in the driver’s seat, BoE also center of attention
GBP/USD: UK policy is in the driver’s seat, BoE also center of attention GBP/USD has been fairly steady on the day so far in a quiet start to the week following a significant correction on Friday with demand for the US Dollar, which has been heavily bid at the start of the year. So far, […]
XAU/USD bulls point to further US dollar weakness
XAU/USD bulls point to further US dollar weakness Potential catalysts for the day ahead will come during the US session with New York Fed President John Williams and retail sales in the United States. The Fed will then enter a shutdown until its next interest rate decision later this month. This makes the US data […]
After US bank shares soar, options traders face earnings-based volatility
After US bank shares soar, options traders face earnings-based volatility Market pundits say bank stocks have rallied in recent weeks, but the resumption of hedging on exchange-traded funds in the financial sector could be a sign that investors are wary of volatility during earnings season. With major banks like JP Morgan (JPM.N), Wells Fargo and […]
AUD / USD approaches 0.7200 as risk sentiment joins Australian mixed data
AUD / USD approaches 0.7200 as risk sentiment joins Australian mixed data The AUD / USD hit a daily high near 0.7185 as mixed data at home added to the market’s cautious optimism to challenge immediate action early on Tuesday. 4,444 Australia’s retail sales exceeded expectations of 3.9%, 4.9% exceeded 7.3% MoM and the trade […]
Analyst says inflation increases problems in emerging markets like Kazakhstan
Analyst says inflation increases problems in emerging markets like Kazakhstan Rising food and fuel prices pose serious challenges for emerging countries, according to an economic risk analyst, who highlighted the mass protests taking place in Kazakhstan over fuel. Skyrocketed. “In particular, many countries are facing the challenge of increasing food and fuel prices as this […]
XAG/USD: As actual yields rise, silver`s collectable attraction can also suffer
XAG/USD: As actual yields rise, silver`s collectable attraction can also suffer Silver and XAG/USD fell around 0.3% in Asia and the bulls are under pressure to correct their strong bearish momentum in response to the minutes of the previous day’s FOMC meeting. The protocol has shown that accelerated rate cuts will give officials an opportunity […]
Rising Interest Rate & Inflation causing worry to Wall Street
Rising Interest Rate & Inflation causing worry to Wall Street Further declines in major tech stocks drove the major Wall Street indices lower, further pushing the market down in the first week of the year. On Thursday, the S&P 500 traded higher and lowers for most of the day before closing 0.1% lower. The weakness […]
NZD/USD slides to over two week low, below mid0.6700s amid stronger USD/risk off
NZD/USD slides to over two week low, below mid0.6700s amid stronger USD/risk off The NZD/USD pair endured dropping floor via the early European consultation and dropped to over a two-week low, under mid-0.6700s within side the ultimate hour. The pair prolonged the preceding day`s retracement slide from the 0.6835-forty place and witnessed heavy promoting all […]
Hawkish Fed indicators it can ought to enhance prices faster to combat inflation
Hawkish Fed indicators it can ought to enhance prices faster to combat inflation A “very tight” task marketplace and unabated inflation may require the Federal Reserve to elevate hobby costs earlier than predicted and start decreasing its ordinary asset holdings as a 2nd brake at the economy, U.S. valuable financial institution policymakers stated of their […]
USD/CAD consolidates losses around weekly lows below 1.2800 as oil eases from monthly high
USD/CAD consolidates losses around weekly lows below 1.2800 as oil eases from monthly high USD/CAD is struggling to regain the 1.2800 level while healing yesterday during Tuesday’s Asian session. The loonies seem to be watching the end of the risk-on mood as well as the decline in the price of Canada’s main export, WTI crude, […]
China Evergrande reports progress on resuming home delivery
China Evergrande reports progress on resuming home delivery China Evergrande Group on Sunday said it was making progress on resuming construction early, with its chairman pledging to deliver 39,000 apartments by December, down from less than 10,000 units in the previous three months. Evergrande is the most indebted property developer in the world, with more […]
Steady earnings leave indexes higher in short-term break week
Steady earnings leave indexes higher in short-term break week Wall Street continued its recent streak on Thursday, ending a shortened holiday trading week with a major stock rally that propelled the S&P 500 index to all-time highs. The S&P 500 Index rose 0.6 percent, its third consecutive gain. The benchmark’s latest milestone marks its 68th […]
Goldman cuts US GDP forecast after Manchin rejects Biden bill
Goldman cuts US GDP forecast after Manchin rejects Biden bill Goldman Sachs Group cut its economic growth forecast for the United States after Joe Manchin, a senator from West Virginia, rejected President Joe Biden’s $2 trillion tax and spending program. leaving Democrats with few options to revive the economic agenda. The group said in a […]
AUD/JPY remains important in 80.70S the risk-free market
AUD/JPY remains important in 80.70S the risk-free market AUD/JPY drops at the start of the week as risk-on risks continue to reverberate following Friday’s sell-off on Wall Street. At the time of this writing, AUD/JPY is down around 0.3% and sits between 80.73 and 81.04. 4,444 US stocks fell on Friday following news of the […]
Stock and oil prices fall as Omicron threatens growth
Stock and oil prices fall as Omicron threatens growth Asian stocks fell to a one-year low on Monday and oil prices fell nearly 3% as an increase in Omicron COVID19 cases caused tighter restrictions in Europe and threatened to flood the economy. Beijing eased the mood somewhat by cutting its one-year lending rate during […]