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 […]
The US Economy || US rate hike cycle concludes in 2022
The US Economy || US rate hike cycle concludes in 2022 Last week was very active for global rebirth in risk appetite despite a run of data which pointed to deteriorating US economic growth. This is because the softer tone of US data and the FOMC’s acceptance of it implies a reducing risk of the […]
Upcoming Market Updates: NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, AUD, EUR, USD NZD: ANZ Business Confidence, it measures level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: Import Prices q/q, it measures change in the price of goods purchased by importers. AUD: Retail Sales m/m, it measures change in the total value […]
AUD Second Quarter Increase | Xtreamforex
AUD Second Quarter Increase | Xtreamforex In the second quarter of 2022 Australian inflation data has increased to 6.1%, but below the agreed expectations relaxing the fear of a surprising 75bp rate increase when the RBA has a meeting next week. CPI rose by 1.8% Quarter On Quarter(QoQ) and 6.1% Year On Year(YoY). This was […]
Upcoming Market Updates: GBP, AUD, EUR, CHF, USD
Upcoming Market Updates: GBP, AUD, EUR, CHF, USD GBP: BRC Shop Price Index y/y, it measures change in the price of goods purchased at BRC-member retail stores. AUD: CPI q/q, it measures change in the price of goods and services purchased by consumers. AUD: Trimmed Mean CPI q/q, it measures change in the price of […]
This Weeks’s currency pair, EURUSD
This Weeks’s currency pair, EURUSD The ECB hike of last week is the highest hike in past 11 years which brought the interest rate from -0.50% to 0.00%. Further normalization of interest is appropriate, indicating that there will be another hike from ECM on their next meeting on 8th September. Another new program was introduced […]
Upcoming Market Updates : EUR, GBP
Upcoming Market Updates : EUR, GBP EUR: German info Business Climate, It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment. GBP: CBI Industrial Order Expectations, It’s a leading indicator of […]
CPI Hits Another Four-Decade High USD rises.
CPI Hits Another Four-Decade High USD rises USD rises as CPI hits another four decade high, data shows the headline consumer inflation accelerated once again in June to the highest level since 1981,US consumer inflation hit the high of 41 years and beat the forecast, 9.1% in June against 8.6% one month earlier and expected […]
With an eye on the US NFP, the XAU/USD is approaching the $1,875 mark
With an eye on the US NFP, the XAU/USD is approaching the $1,875 mark The gold price (XAU/USD) is swinging around $1,870, following an upswing to reclaim a one-month high during Friday’s early Asian session, as the NFP-related caution saps enthusiasm. The recent mixed stories about China, as well as resurgence in US Treasury yields, […]
As oil stocks rise, Wall Street is turning away from big tech
As oil stocks rise, Wall Street is turning away from big tech On Wall Street, big tech stocks were all the rage, with speculators buying them up to absurdly high levels. For example, the legendary quintuple of Facebook (now Meta), Amazon, Apple, Netflix, and Google (now Alphabet) took up about a fifth of the S&P […]
Global stock markets are falling as inflation and economic concerns remain
Global stock markets are falling as inflation and economic concerns remain On Thursday, global shares slumped to an 18-month low, as investors worried that rising inflation would endure, forcing central banks to continue tightening monetary policy. Stocks in the United States closed a choppy session marginally down, as investors juggled concerns over lingering inflation with […]
Markets rally after Powell downplays the possibility of any larger rate hikes
Markets rally after Powell downplays the possibility of any larger rate hikes The market – Dow Jones Industrial Average gained more than 900 points, and the S&P 500 gained the most in two years, as Federal Reserve Chair Jerome Powell downplayed the chance of an even greater interest rate hike after announcing the steepest rate […]
Breaking: EUR/USD cracks 1.0500, hits the lowest
Breaking: EUR/USD cracks 1.0500, hits the lowest CAD: BOC Gov Macklem Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. […]
As a result of the Shanghai lockdowns, oil prices are continuing to fall
As a result of the Shanghai lockdowns, oil prices are continuing to fall Oil prices fell further on Monday, owing to concerns that continued COVID-19 lockdowns in Shanghai and expected rate hikes in the United States would stifle global economic development and fuel demand. At 0015 GMT, Brent crude prices were down $1.90, or […]
EUR/USD Reach Historical Levels | Xtreamforex
EUR/USD Reach Historical Levels | Xtreamforex EUR/USD has recovered its foothold in the early European session on Thursday and progressed to its most elevated level in seven days close 1.0900. The specialized standpoint recommends that the bullish predisposition stays in one piece in the close to term and extra gains could be seen in the […]
Despite timid drillers, US oil production is increasing
Despite timid drillers, US oil production is increasing A couple of recent predictions have predicted significant improvements in U.S. shale oil output this year, igniting confidence in an industry that has maintained a culture of discipline and caution for the past two years. According to the industry, caution will be the order of the day. […]
EUR/USD Forecast: What’s next after testing?
EUR/USD Forecast: What’s next after testing? EUR: French Final CPI m/m, it measures change in the price of goods and services purchased by consumers. Forecast 1.4%. USD: Empire State Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers in New York state. Forecast 0.9 USD: Capacity Utilization Rate, it measures percentage […]
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 […]