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 […]
GBP/JPY: Brexit, full-fledged bear dominating below 153.00 on COVID-19 chatter
GBP/JPY: Brexit, full-fledged bear dominating below 153.00 on COVID-19 chatter GBP/JPY licks the cut at the 152.70 area after hitting a week-long high before hitting a two-week low of 152.47 ahead of the London opening on Friday. The Cross saw a double attack as it served food to bears amid fears of coronavirus and Brexit-related […]
USD/JPY rise above 115.00 when bullish track hits 44-month high
USD/JPY rise above 115.00 when bullish track hits 44-month high The USD/JPY bull is breathing around 115.10 after a spike that broke a multi-month high earlier on Wednesday. At the same time, the yen is struggling to extend its two-day rally amid falling US Treasury yields. The 10-year U.S. Treasury yield fell 0.8 basis points […]
Gold price outlook: XAU/USD Bulls bullish amid weak US dollar in Asia
Gold price outlook: XAU/USD Bulls bullish amid weak US dollar in Asia Asia’s gold is rallying as the US dollar offset some of its overnight gains as the US dollar breaks new cyclical highs following the re-election of Fed Chairman Jerome Powell. According to ANZ Bank analysts, the market immediately began pricing in relation to […]
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 […]
EUR/USD accelerates decline below 1.1300
EUR/USD accelerates decline below 1.1300 The EUR/USD exchange rate has been heavy this week. On Tuesday, it fell in the US and expanded in Asia. Now falls faster and reaches a few stops below 1.13. The US dollar sold in almost all directions and continued higher on Tuesday US time. The recent rise in the […]
No Rate Hike – RBA Gov Lowe
No Rate Hike – RBA Gov Lowe The Reserve Bank of Australia board is evaluating the move as early as June next year for financial markets but continues to believe that a rate hike will not be necessary until 2024 given local wage momentum and inflation. Key Notes – • RBA governor says official rate […]
NZD/USD Weakens Even After Failing to Defend its November Opening Range
NZD/USD Weakens Even After Failing to Defend its November Opening Range NZD/USD is going weak despite its November opening range that was superb figures. The currency has broken down to defend the November opening range right now in the market. NZD/USD takes ahead the lower highs and lower lows early this week after getting the […]
Rivian Gears up for Nasdaq Debut, Tesla Bounces Back
Rivian Gears up for Nasdaq Debut, Tesla Bounces Back The electric car manufacturer Rivian is all set to make its debut on the Nasdaq today with the highest IPO, and the timings could not be more perfect than this. A pledge of not using fossil fuel-based vehicles by 2040 was taken by the countries and […]
USD/TRY Increases When Turkish Central Bank Delivers an Unexpected Large Cut
USD/TRY Increases When Turkish Central Bank Delivers an Unexpected Large Cut USD/TRY has increased when central banks have released a large cut. It’s seen that the Turkish central bank has cut down the rates that it uses to lend money to commercial banks in the event of a paucity of funds. They have cut it […]
Oil gapped higher at the open, retraced, and filled
Oil gapped higher at the open, retraced, and filled Oil costs had made strides through last week and the hole higher in cost in Sunday evening opening US exchange was along these lines filled in. It was a somewhat bustling beginning to the day on the financial schedule earlier today. The Japanese Yen and the […]
Xtreamforex Asia FX news wrap: Awaiting the US inflation data due Wednesday
Xtreamforex Asia FX news wrap: Awaiting the US inflation data due Wednesday Morning Trade session Asia saw a more grounded US dollar however minor moves for monetary forms as it were. USD/JPY was a bit of a stand apart among a dreary bundle, exchanging up towards 110.70 and its most elevated for a month. It […]
Xtreamforex news wrap: BTC and USD higher in Asia time
Xtreamforex news wrap: BTC and USD higher in Asia time Australia and New Zealand forced more tight Covid related limitations in Sydney and Wellington. Bitcoin added to its bob from its concise plunge under US$29K to a high of more than $34K during the timezone here today. EUR/USD, AUD/USD, NZD/USD, and link are altogether off […]
QUICK MARKET UPDATE 21TH JUNE
QUICK MARKET UPDATE 21TH JUNE AUD and NZD both moved substantially higher (for an Asian range day) with AUD/USD up around 40 points from its lows while NZD/USD up a similar amount circa +40 points. Fresh news and data were light only. EUR didn’t do too much, yen and GBP added on a […]
Dollar Steadied Against Major Currencies; Bitcoin Tumbled On China’s Verdict
Dollar Steadied Against Major Currencies; Bitcoin Tumbled On China’s Verdict The Dollar Stabilized versus major currencies on Wednesday as traders were waiting for U.S. Federal Reserve minutes, Although bitcoin dropped after China halted its financial institutions from offering services related to cryptocurrency assets. The minutes from the Fed’s most recent meeting is going to […]
The Dollar Elevated but Endures near Seven-week low Amid Fed policy Decision
The Dollar Elevated but Endures near Seven-week low Amid Fed policy Decision The dollar was up on Tuesday morning in Asia, although, stayed near multi-week lows as U.S. Treasury yields sink. Most investors consolidate positions ere the U.S. Federal Reserve’s most advanced policy decision. The U.S. Dollar Index traces the greenback slightly up by […]
The Dollar on Front Foot, Hits Five-Month High
The Dollar on Front Foot, Hits Five-Month High The Dollar’s sudden transition against low-yielding currencies headed to its strongest position on Wednesday. Inflation Talks leads U.S. bonds to climb. The dollar climbed a five-month high against the Yen because of the expectation of further economic recovery as U.S. bond yields bounce, additionally, investors’ […]
The Uncertainty on U.S. Recovery languished Dollar
The Uncertainty on U.S. Recovery languished Dollar The Dollar declined on Tuesday morning in Asia to the lowest level in a week as investors are suspicious about the faster coronavirus pandemic recovery. The U.S. Dollar Index inched down 0.8% to 90.868 against a basket of other currencies after the disappointing U.S. Jobs data on […]