USD/JPY Regains Strength
USD/JPY Regains Strength USD/JPY climbed higher above the 132.50 resistance zone. A connecting bullish trend line is forming with support near 134.50 on the 4-hour chart. EUR/USD slowly moved below the 1.0620 support zone. The US GDP grew 2.7% in Q4 2022, less than the 2.9% forecast. The US Dollar gained strength for a steady […]
The Bank Of England Preview
The Bank Of England Preview The Bank of England has a decision to make tomorrow. It is not “to hike or not to hie”. It is to hike by 25 or 50bps, that’s the question. As well as the rate decision itself, the BoE’s comments on the economic outlook and future tightening, as well as […]
Upcoming Market Updates: JPY, EUR, GBP, USD, NZD, AUD
Upcoming Market Updates: JPY, EUR, GBP, USD, NZD, AUD JPY: Tokyo Core CPI y/y, it measures Change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food. NZD: TANZ Business Confidence, it measures Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: […]
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD
Upcoming Market Updates: JPY, EUR, GBP, USD, CAD JPY: Monetary Base y/y, it measures Change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ. JPY: 10-y Bond Auction, it measures Average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction. […]
EUR USD | Euro US Dollar News
EUR USD | Euro US Dollar News EUR/USD continues to power forward and has breached the parity line for the first time since 20th September. The euro is red hot, having gained 2.1% this week, as the USD has hit a dump in the road and is lower against all major currencies. In the North […]
SNB could surprise (again) with a larger than expected hike
SNB could surprise (again) with a larger than expected hike The central bank entered ZIRP between 2011-2015 before switching to NIRP with a rate of -0.75%, where it remained until June this year. And with seemingly few paying attention, they not only hiked rates but came out swinging with a 50 bp hike and sent […]
Upcoming Market Updates: AUD, NZD, CHF, EUR, GBP
Upcoming Market Updates: AUD, NZD, CHF, EUR, GBP AUD: AIG Construction Index, it measures Level of a diffusion index based on surveyed construction companies. AUD: MI Inflation Gauge m/m, it measures Change in the price of goods and services purchased by consumers. NZD: ANZ Commodity Prices m/m, it measures Change in the global price of […]
August RBNZ Preview and what next for the NZD/USD
August RBNZ Preview and what next for the NZD/USD It is widely expected that the Official Cash Rate will be raised by 50 bp taking the cash rate to 3% in tomorrow’s meeting of Reserve Bank of New Zealand. It will be the RBNZ’s fourth consecutive 50bp hike in a tightening cycle that started in […]
Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, JPY
Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, JPY AUD: AIG Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. NZD: Building Consents m/m, it measures change in the number of new building approvals issued. JPY: Final Manufacturing PMI, it measures level of a diffusion index based on surveyed purchasing managers […]
Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD
Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: GfK Consumer Confidence, it […]
Gold, XAUUSD, Market Sentiment, Rates, US Doller, Fed, Information- Talking Points
Gold, XAUUSD, Market Sentiment, Rates, US Doller, Fed, Information- Talking Points Gold Price is endeavoring a bounce back from two-month lows of $1,886, surrounding the $1,900 mark this Wednesday. The market disposition stays cheery regardless of the continuous EU-Russia energy struggle, even with the Ukraine war. The US dollar is pulling back from two-year highs […]
Gold is expected to fall for the first time in three weeks as rates and the currency rise
Gold is expected to fall for the first time in three weeks as rates and the currency rise Gold prices remained flat on Friday, weighed down by the dollar’s resilience and the increase of US Treasury yields, putting bullion on track for its first weekly loss in three weeks. As of 0501 GMT, spot gold […]
Dollar Up, but Below Previous Day’s High, Ahead of Finance Ministers’ Gathering
Dollar Up, but Below Previous Day’s High, Ahead of Finance Ministers’ Gathering NZD: Consumer Price Index (CPI), Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate. Forecast 2.0%. EUR: Final […]
The allure of gold futures is dwindling as bond yields rise
The allure of gold futures is dwindling as bond yields rise On Wednesday, gold futures dipped marginally as traders evaluated forecasts of tighter Fed monetary policy and higher yields. Gold futures in the United States fell 0.07 percent to $1,957 per ounce. Meanwhile, spot gold rose 0.3 percent, pulling back from a two-week low. “We’re […]
CISCO a dividend-paying technology stock of high quality
CISCO a dividend-paying technology stock of high quality Tech stocks have been on the decline since the beginning of the year, and it doesn’t appear that things will improve anytime soon. If you’re looking for a safe investment in today’s economy, you can choose Cisco (CSCO), a communications equipment firm. It’s a reliable business […]
MARKET NEWS 6 April 2022 || Xtreamforex
MARKET NEWS 6 April 2022 || Xtreamforex Time 04:00 AM GMT+3 NZD:- Commodity Price Index, It measures any change in the global price of exported commodities. Time 04:45 AM GMT+3 CNY:- Caixin Services PMI, Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, […]
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 […]
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 […]