The labour market in U.S.A is tightening, with weekly unemployment claims at the lowest level
The labour market in U.S.A is tightening, with weekly unemployment claims at the lowest level Last week, the number of Americans filing new jobless benefits claims fell to a 52-1/2-year low, while unemployment rolls continued to decline, indicating fast reducing labour market slack that will continue to support wage inflation. The Federal Reserve may raise […]
Options traders see the stock rally as an opportunity to buy downside protection
Options traders see the stock rally as an opportunity to buy downside protection Risk appetite has returned to Wall Street following a nasty start to the year, but some experts caution that the respite in volatility may be fleeting and encourage investors to be wary of more stock market gyrations. The Cboe Volatility Index, which […]
XAU/USD maintains small advances near $1,925, but lacks follow-through
XAU/USD maintains small advances near $1,925, but lacks follow-through Gold crept up in the early hours of Monday trade, but there was little follow-through purchasing or strong positive confidence. There appears to be no end in sight to Ukraine’s prolonged conflict, which has rejected Russia’s offers to hand up the port city of Mariupol. The […]
Stocks are in a downbeat mood, and oil prices are rising again
On Monday, stock markets were gloomy as violence in Ukraine went on with little indication of abating, leaving investors grasping at hope for an eventual peace settlement, while oil prices rose again as supplies remained tight. On Sunday, Turkey’s foreign minister stated that Russia and Ukraine were close to reaching an agreement on “important” matters […]
With all eyes on the Xi-Biden negotiations, the AUD/USD remains under pressure approaching 0.7350
With all eyes on the Xi-Biden negotiations, the AUD/USD remains under pressure approaching 0.7350 The AUD/USD broke a three-day rally from a monthly low during Friday’s Asian session, and is now trading at the intraday low of 0.7370. In doing so, the Aussie pair reflects the market’s trepidation ahead of a crucial phone conference between […]
USA economy is flexing its might, with unemployment benefit numbers at a 52-year low and industries humming
USA economy is flexing its might, with unemployment benefit numbers at a 52-year low and industries humming The number of Americans filing new jobless claims declined last week as labour demand remained robust, putting the economy on track for another month of healthy job gains. In early March, unemployment benefit rolls were the fewest in […]
The USD/CNH remains under pressure at $6.3600 as China news joins the continuing of Ukraine-Russia discussions
The USD/CNH remains under pressure at $6.3600 as China news joins the continuing of Ukraine-Russia discussions USD/CNH is down for the third day in a row after reversing from a five-month high and the 200-day moving average. Nonetheless, the price shows minor losses around the 6.3600 mark during Thursday’s Asian session. The offshore Chinese yuan […]
The dollar is nearing a five-year high against the yen ahead of the Fed, while the Australian dollar is weak due to China concerns
The dollar is nearing a five-year high against the yen ahead of the Fed, while the Australian dollar is weak due to China concerns On Wednesday, the dollar traded near a five-year high against the yen as investors awaited a Federal Reserve policy decision against the backdrop of the Ukraine war and China’s surging COVID-19 […]
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 […]
XAU/USD is approaching $1,935 as a result of China’s commodity woes and Ukraine concerns
XAU/USD is approaching $1,935 as a result of China’s commodity woes and Ukraine concerns Gold (XAU/USD) re-establishes an intraday low around $1,942, down 0.45 percent on the day, as COVID-19 concerns about China add to the yellow metal’s recent weakness during Tuesday’s Asian session. Bears are also aided by mixed concerns about the Russia-Ukraine crisis, […]
Consumer prices in Japan rose in January, but at a slower rate
Consumer prices in Japan rose in January, but at a slower rate Japan’s core consumer prices rose for the fifth month in a row in January, but at a slower rate than the previous month, raising the prospect that the country’s central bank will lag behind other economies in raising interest rates. Consumer inflation is […]
Shares rise as oil prices fall amid optimism about Ukraine’s progress
Shares rise as oil prices fall amid optimism about Ukraine’s progress On Monday, most stock markets rose and oil fell on hopes for progress in Russian-Ukraine peace talks, even as fighting continued, while bond markets braced for rate hikes in the United States and the United Kingdom this week. While Russian missiles struck a large […]
EUR/USD seeks to break a four-week downtrend near 1.1000, with a focus on US data and Ukraine
EUR/USD seeks to break a four-week downtrend near 1.1000, with a focus on US data and Ukraine The EUR/USD is licking its wounds after the ECB while making its way to 1.1000, up 0.15 percent intraday during the mid-Asian session on Friday. The pair’s recent movements could be attributed to the market’s uncertainty about the […]
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 […]
With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce
With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce On Wednesday, gold suffered greatly as risk sentiment improved. After reaching a 19-month high at the start of the week, the precious metal fell back below $2,000 per ounce. Spot gold fell 3.3 percent to $1,976 per ounce, capping a rally that […]
By 2025, Deutsche Bank wants to invest 200 billion euros in sustainable projects
By 2025, Deutsche Bank wants to invest 200 billion euros in sustainable projects By 2025, Deutsche Bank DBKGn.DE intends to invest at least 200 billion euros ($216.8 billion) in so-called sustainable financing and investments, marking the bank’s first public targets in this area. The funds will come from bank loans, bonds made on behalf […]
EUR/USD is clinging to the precipice of the abyss at 1.0800, with the ECB keeping an eye on it
EUR/USD is clinging to the precipice of the abyss at 1.0800, with the ECB keeping an eye on it In Asia, the EUR/USD is attempting to correct higher, following the lead from yesterday’s trade, when the price was established just ahead of 1.08, the figure at which it was pinned near a 22-month low. The […]
Gold is surging and breaking records. $2,000/oz
Gold is surging and breaking records. $2,000/oz At the start of the week, the price of gold in fast markets has just surpassed $2,000 per ounce. The catalyst is oil, as well as concerns about global stagflation. Oil prices have increased by 10% on Monday as a result of the threat of a ban on […]