Silver outshines gold as dollar slips | Xtreamforex
Silver outshines gold as dollar slips | Xtreamforex The new week has started with a bang for risk-sensitive assets, including stocks and metals. Silver had risen around 5% so far on the day, and was leading other metals higher. Gold was also up, but not as impressively as silver, with the yellow metal looking to […]
Upcoming Market Updates: NZD, JPY, AUD, EUR, GBP, CHF, USD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, JPY, AUD, EUR, GBP, CHF, USD NZD: FPI m/m, it measures Change in the price of food and food services purchased by households. JPY: BSI Manufacturing Index, it measures Level of a diffusion index based on surveyed large manufacturers. JPY: PPI y/y, it measures Change in the price of […]
EUR/USD faces barricades around 0.9863, focus shifts to US Inflation data
EUR/USD faces barricades around 0.9863, focus shifts to US Inflation data The past week was marked by two important events. The EUR/USD pair updated its 20-year low on Tuesday, September 6th once again, falling to 0.9863. And then the European Central Bank raised its key interest rate for the first time in its history by […]
USD/CNH – US Dollar Chinese Yuan Offshore News
USD/CNH – US Dollar Chinese Yuan Offshore News Another news from China which is not good. It is nation’s trade disappointing figures expectation. The yuan fell further, USD/CNH to almost 7.0000. The poor imports figure in particular raised concerns about how weak the Chinese economy has become as it faces troubles. These include the ongoing […]
Upcoming Market Updates: NZD, GBP, JPY, AUD, EUR, CHF, USD, CAD
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: NZD, GBP, JPY, AUD, EUR, CHF, USD, CAD NZD: Manufacturing Sales q/q, it measures Change in the total value of sales at the manufacturing level. GBP: RICS House Price Balance, it measures Level of a diffusion index based on surveyed property surveyors. JPY: Current Account, it measures Difference in value […]
Liz Truss Defeats Rishi Sunak To Become New UK PM
Liz Truss Defeats Rishi Sunak To Become New UK PM Liz Truss will become the new UK prime minister on Tuesday after defeating Rishi Sunak in the Tory leadership contest today. The result was closer thank many people had expected, with Truss taking 57% of votes cast. The markets hardly reacted to the news, not […]
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 […]
RBA to Raise the Cash Rate by 50 bps, AUD
RBA to Raise the Cash Rate by 50 bps, AUD Reserve Bank meeting is on 6th September. It is expected that the cash rate will be raised by 50 basis points to 2.35%. The best approach will be to strengthen the statement we saw last month, not on a pre set path and following Chair […]
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD NZD: Building Consents m/m, it measures Change in the number of new building approvals issued. GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Prelim Industrial Production m/m, it measures Change in the total […]
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, CAD, USD
Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, CAD, USD JPY: Unemployment Rate, it measures Percentage of the total work force that is unemployed and actively seeking employment during the previous month. AUD: Building Approvals m/m, it measures Change in the number of new building approvals issued. CHF: KOF Economic Barometer, it measures Level of […]
Additional China stimulus helps stimulate the Aussie
Additional China stimulus helps stimulate the Aussie After problem in the housing market and a recent bout of poor data from China, including weak retails Sales and Industrial Production, China has implemented several polices to help the beleaguered sectors. Earlier this week, China announced plans for $29 Billion in special loans to help troubled developers […]
NZD First Impressions: Retail Trade
NZD First Impressions: Retail Trade The volume of goods sold fell by 2.3%. That is lower than the forecast for muted 0.3% rise, and well below the average analyst forecast for a 1.7% gain. Today’s fall follows a 0.9% drop in spending in first quarter, leaving spending volumes down 3% through the first half of […]
GBP/USD – British Pound Jumped US Dollar
GBP/USD – British Pound Jumped US Dollar British pound jumped 0.82% yesterday, as the currency has rebounded from its worst week of the year. GBP/USD went down 2.53% last week, as the USD has found strength after weeks of beating a retreat. GBP/USD climbed yesterday after US New home sales dropped to 511 thousand in […]
Upcoming Market Updates: CAD, USD
Upcoming Market Updates: CAD, USD CAD: Corporate Profits q/q, it measures Change in the total value of pretax net income earned by corporations. USD: Core Durable Goods Orders m/m, it measures Change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items. USD: Durable Goods Orders m/m, it […]
Upcoming Market Updates: AUD, JPY, EUR, GBP, USD
Upcoming Market Updates: AUD, JPY, EUR, GBP, USD 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. JPY: Flash Manufacturing PMI, it measures Level […]
USD CNH | US Dollar Chinese Yuan Offshore
USD CNH | US Dollar Chinese Yuan Offshore The comment from Fed officials last week helped USD to surge and the expectations of 75bps rate hike on the next meeting which will be on 21st September. Last week there was a discussion of Fed officials about how it is premature to worry about the economy […]
EUR/USD Plunging Into Parity as US Dollar
EUR/USD Plunging Into Parity as US Dollar Pair is moving around 1.0100-1.0270 channel for three weeks now. All attempts of the break through to its upper or lower border ended in failure. These attempts continued until 10th August after the publication of data on inflation in the US, the pair went up, turning the level […]
GBP, Conservative Party Elections
GBP, Conservative Party Elections The political backdrop, candidates and expected policies for traders to watch around next month’s UK Conservative Party leadership election, who will be the UK’s next PM ?. Traders generally overestimate the impact of political move’s on market, however, politicians often have to water down their proposals to get them passed through […]