NZD sets USD/CNY reference rate
NZD sets USD/CNY reference rate CNY: Gross Domestic Product , Data represents the quarterly value compared to the same quarter a year earlier. Chinese data can have a broad impact on the currency markets due to China’s influence on the global economy and investor sentiment. XQ4567890- USD:NAHB Housing Market Index, Survey of about 900 home […]
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 […]
GBP/USD remains weak below 1.3350 amid omicron concerns and Brexit concerns
GBP/USD remains weak below 1.3350 amid omicron concerns and Brexit concerns GBP/USD is trading moderately below 1.3350, consolidating from its 11-month low of 1.3278, with risk sentiment improving slightly. Despite the risk reset, the risk remains downward biased against the majors as they continue to face the latest Omicron covid and ongoing Brexit issues. Risk […]
EUR/GBP hovers around 0.8400, ECB’s Lagarde and BOE’s Bailey keep an eye on
EUR/GBP hovers around 0.8400, ECB’s Lagarde and BOE’s Bailey keep an eye on EUR/GBP remained bearish in the early hours of Thursday morning in Europe. Cross-currency pairs are approaching their annual lows recorded on Monday as fears over coronavirus in the eurozone are resurfaced. Record high cases in Germany, followed by Austria and the Netherlands, […]
RBNZ Survey – Inflation is expected to rise & to be around 3%
RBNZ Survey – Inflation is expected to rise & to be around 3% Aggressive polls at the Reserve Bank showed a very sharp rise in expectations for future inflation. The results of the RBNZ’s latest quarterly forecast survey could fuel speculation that the RBNZ could raise its official cash rate by up to 50 basis […]
Australian Bond is on Destruction as GBP/JPY Gets a Boost in the End of this Month
Australian Bond is on Destruction as GBP/JPY Gets a Boost at the End of this Month A boost was seen in the GBP/JPY yesterday. Traders were waiting for the Aussie bond market to rise when the RBA did not purchase the 2024 April yield target bond. The questions were asked whether the bank is giving […]
Canadian Dollar Dropped its Growth, Traders Waiting for Bank of Canada Statements
Canadian Dollar Dropped its Growth, Traders Waiting for Bank of Canada Statements Traders are waiting for the bank of canada’s statement over the CAD. The Canadian dollar that was moving with high strength has dropped its progress in the last week of October. But despite heavy a weak week, the currency has got dominance over […]
ECB President Lagarde says that the current rise in inflation is largely transitory
ECB President Lagarde says that the current rise in inflation is largely transitory The early focal point of the meeting was New Zealand swelling information. Official NZ CPI information comes out once a quarter and that for Q3 today was well above assumptions, establishing one more block in the divider for additional Reserve Bank of […]
Xtreamforex Asia session news wrap: Bank of Japan Governor Kuroda says (US) inflation is transitory
Xtreamforex Asia session news wrap: Bank of Japan Governor Kuroda says (US) inflation is transitory USD/JPY rose from lows just shy of 113.25 to highs above 113.50 during the meeting here in Asia, Not a huge reach yet outstanding in the midst of the smaller ranges somewhere else in all cases. The News stream was […]
EUR/USD remains muted in the early Asian session on Tuesday.
EUR/USD remains muted in the early Asian session on Tuesday The EUR/USD pair right now trades the 1.1560 value zone, holding its characteristically negative position, as it combines close to its 2021 low at 1.1528. The 4-hour chart shows that the cost is drifting around a somewhat negative 20 SMA, while the more drawn-out moving […]
Xtreamforex Asia FX news wrap: RBA statement still to come
Xtreamforex Asia FX news wrap: RBA statement still to come The US dollar rose here during the Asian timezone basically no matter how you look at it. EUR, AUD, GBP, NZD, CAD are all lower against the USD, yen, and CHF moreover. Japan’s Nikkei and Hong Kong’s Hang Seng also dropped following the reestablished slide […]
Xtreamforex Asia FX news wrap: AUD/USD steadies higher
Xtreamforex Asia FX news wrap: AUD/USD steadies higher A little nearby confidence and obvious slight warming in the crisp US-China relationship were sufficient for the Australian dollar to consistently tick higher through a significant part of the meeting. The head of Australia’s biggest populace state affirmed October 11 for a significant way out of limitations […]