Dollar Down, Below 100-Mark as U.S. Yields Ease
Dollar Down, Below 100-Mark as U.S. Yields Ease NZD: Performance of Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers GBP: RICS House Price Balance, it measures level of a diffusion index based on surveyed property surveyors. AUD: MI Inflation Expectations, it measures Percentage that consumers expect the price of goods […]
XAUUSD pressuring the bears near daily resistance ahead of ECB
XAUUSD pressuring the bears near daily resistance ahead of ECB The gold price (XAUUSD) is striving to rise and is approaching the recent highs set on Wednesday at $1,980. The US dollar is behind on Thursday after dipping overnight as US rates stopped their advance, providing some comfort to the FX market as investors await […]
Asian stocks are being tracked. Wall Street rises as US yields level off
Asian stocks are being tracked. Wall Street rises as US yields level off On Thursday, Asian equities rose in tandem with Wall Street, but U.S. Treasury yields remained stable and the dollar fell, as recent U.S. data increased confidence that inflation is nearing a peak, despite the fact that several major central banks hiked rates […]
NZD/USD higher after the larger than expected interest rate hike from the RBNZ
NZD/USD higher after the larger than expected interest rate hike from the RBNZ NZD: Food Price Index , It measures change in the price of food and food services purchased by households. JPY: Core Machinery Orders m/m, It measures change in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding […]
Dow, NASDAQ erase gains as Fed officials hint faster tightening amid high inflation
Dow, NASDAQ erase gains as Fed officials hint faster tightening amid high inflation On Tuesday, Wall Street reversed previous gains as the Federal Reserve’s expected monetary tightening dragged growth stocks back into negative territory. Early in the afternoon, all three main U.S. stock indexes turned negative, driven down by healthcare and financials. The reversal began […]
OPEC Reduces Global Oil Demand Growth Forecast Due to Russia-Ukraine Conflict
OPEC Reduces Global Oil Demand Growth Forecast Due to Russia-Ukraine Conflict The Organization of Petroleum Exporting Countries (OPEC) lowered its prediction for global oil demand growth in 2022 on Tuesday, citing the impact of Russia’s invasion of Ukraine, growing inflation as crude prices rise, and the recurrence of the Omicron coronavirus variety in China. In […]
Market News: EUR/USD, GBP/USD, AUD/USD, NZD/JPY
Market News: EUR/USD, GBP/USD, AUD/USD, NZD/JPY NZD: International Travel and Migration, it measures change in the number of short-term overseas visitors who arrived in the country GBP: Like-for-like Retail Sales, it measures change in the value of same-store sales at the retail level. JPY: Bank Lending, it measures change in the total value of outstanding […]
As Treasury rates climb, gold prices end lower
As Treasury rates climb, gold prices end lower Gold prices fell in range-bound trading on Monday, as rising Treasury rates bolstered the dollar and offset support from the Ukraine crisis, while palladium gained following London’s move to halt trade of the metal from Russia. By 0730 GMT, spot gold was down 0.2 percent at $1,942.85 […]
Market News: EUR/USD, GBP/USD, AUD/USD, CNY/JPY
Market News: EUR/USD, GBP/USD, AUD/USD, CNY/JPY Time 04:30 AM GMT+3 CNY: CPI (Consumer Price Index) , It measures change in the price of goods and services purchased by consumers. Time 04:30 AM GMT+3 CNY: PPI (Producer Price Index), It measures change in the price of goods purchased and sold by producers. Time 09:00 AM GMT+3 […]
Dow Jones Futures Drop during Market Rally; Tesla CEO Elon Musk Will Not Join Twitter’s Board
Dow Jones Futures Drop during Market Rally; Tesla CEO Elon Musk Will Not Join Twitter’s Board Dow Jones futures, as well as S&P 500 and Nasdaq futures, dipped Sunday night, as Treasury rates continued to rise. In March, Tesla China sales were strong, but the Shanghai facility was shutdown. Meanwhile, Tesla CEO Elon Musk will […]
Market News: EUR/USD, GBP/USD, AUD/USD, USD/JPY
JPY:- Adjusted Current Account, it measures Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month. Forecast 0.27T AUD:- RBA Financial Stability Review, It’s an assessment of conditions in the financial system and potential risks to financial stability – the evidence on strains and imbalances can provide […]
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives On Thursday night, U.S. stock futures were barely changed after the main averages made a late-day recovery as investors assessed the chances of the Federal Reserve tightening monetary policy to battle inflation. Futures for the Dow Jones Industrial Average […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY AUD: AIG Services Index, Survey of about 200 service-based companies which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories AUD: Trade Balance, it measures difference in value between imported and exported goods and services […]
Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY
Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY AUD: AIG Construction Index (Performance of Construction) construction Survey of 200 companies which asks respondents to rate the relative level of business conditions including employment, new orders, prices, supplier deliveries, production and inventories, released monthly JPY: Average Cash Earnings, correlated with spending the more income consumers have, the more they […]
Due to virus worries weigh on the S&P 500 and Dow, oil equities drive the indexes down
Due to virus worries weigh on the S&P 500 and Dow, oil equities drive the indexes down On Monday, the S&P and Dow indices fell from record highs as fears over mounting COVID-19 cases weighed on oil and other growth-sensitive industries. Energy stocks, which were down 1.2 percent, took the brunt of the selling as […]
GBP/JPY recovers from 160.00 as the BOJ blames rising commodity prices for the yen’s weakness
GBP/JPY recovers from 160.00 as the BOJ blames rising commodity prices for the yen’s weakness The GBP/JPY pair has received some considerable offers at 159.50 amid widespread selling in the Japanese yen as a result of the Bank of Japan’s unlimited bond-purchase program me (BOJ). The cross is soaring, having risen over 0.7 percent on […]
XAU/USD pair remains bullish as the US currency continues to fall
XAU/USD pair remains bullish as the US currency continues to fall The gold price is rising as the US currency and US yields fall. The 10-year yield is down almost 2% on the day, while the DXY index, which measures the US dollar against a basket of currencies, is down about 0.3 percent at the […]
GBP/USD falls from 1.3080 as the DXY declines on improved risk appetite
GBP/USD falls from 1.3080 as the DXY declines on improved risk appetite The GBP/USD pair has seen some hefty bids at 1.3080 as investors’ risk appetite improves and risk-perceived assets acquire more demand. Previously, the cable underperformed despite the Bank of England’s tightening monetary policies (BOE). To counteract rising inflation, the Bank of England raised […]