Dollar Up, Euro Down as Russian Invasion of Ukraine Intensifies
Dollar Up, Euro Down as Russian Invasion of Ukraine Intensifies The dollar was up on Friday morning in Asia, but the euro was set for its worst week versus the U.S. currency in nine months. The Russian invasion of Ukraine and the resultant higher commodities prices continue to drag on expectations of European economic growth. […]
AUD/USD rate stages another attempt for 2022 opening range breakout
AUD/USD rate stages another attempt for 2022 opening range breakout AUD/USD appears to be unfazed by the RBA’s dovish forward guidance as it clears the February high (0.7284), and it remains to be seen if the update to Australia’s Gross Domestic Product (GDP) report will derail the recent advance in the exchange rate amid expectations […]
XAU/USD is expected to fall below $1,900 as it loses its safe-haven appeal
XAU/USD is expected to fall below $1,900 as it loses its safe-haven appeal Gold prices are aiming for support below $1,900 as the market’s risk-off impulse returns. The precious metal has been trading in a range of $1,890.92-1,911.00 as investors await a new catalyst from the Russia-Ukraine conflict. However, Russia’s invasion of Ukraine appears to […]
The withdrawal of Western companies from Russia is expected to accelerate
The withdrawal of Western companies from Russia is expected to accelerate More Western corporations and investors are expected to leave Russia on Tuesday, following in the footsteps of energy firms BP and Shell, which abandoned multibillion-dollar positions following the invasion of Ukraine. Leading banks, airlines, automakers, and other companies have reduced shipments, terminated partnerships, and […]
As Ukraine risks rise, crude prices rise and the rouble falls to a record low
As Ukraine risks rise, crude prices rise and the rouble falls to a record low On Monday, crude oil rose while the rouble fell nearly 30% to a new record low after Western nations imposed new sanctions on Russia for its invasion of Ukraine, including the exclusion of some banks from the SWIFT international payments […]
XAU/USD remains firm around $1,910 as traders speculate on Russia’s next move
XAU/USD remains firm around $1,910 as traders speculate on Russia’s next move During a sluggish Asian session on Friday, gold (XAU/USD) maintains its late Thursday rebound from $1,878 around $1,910. The previous day’s market panic over Russia’s invasion of Ukraine propelled gold prices due to its traditional safe-haven status during early Thursday. However, by the […]
Wall Street rises as the United States imposes new sanctions on Russia
Wall Street rises as the United States imposes new sanctions on Russia US stocks finished sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden announced harsh new sanctions against Russia after Moscow launched an all-out invasion of Ukraine. The S&P 500 gained […]
Offshore wind auction bids in the United States have surpassed $1.5 billion, with more to come
Offshore wind auction bids in the United States have surpassed $1.5 billion, with more to come The largest-ever sale of offshore wind development rights in the United States drew a record $1.5 billion in bids on Wednesday, supporting President Joe Biden’s plan to create a new domestic industry. The auction, which will continue on Thursday, […]
EUR/GBP is hovering around 0.8330 ahead of the Bank of England’s monetary policy report hearings
EUR/GBP is hovering around 0.8330 ahead of the Bank of England’s monetary policy report hearings In the Asian session, the EUR/GBP is trading in a narrow range of 0.8330-0.8345, as investors await the Bank of England’s (BOE) monetary policy report hearings on Wednesday. The cross has remained volatile in recent trading sessions due to the […]
The S&P 500 has confirmed a correction as stocks fall due to war fears
The S&P 500 has confirmed a correction as stocks fall due to war fears The S&P 500’s 1% drop on Tuesday confirmed that the world’s most watched stock index was in a correction for the first time since the 2020 Wall Street crash caused by the COVID-19 pandemic.US investors sold stocks amid rising fears of […]
Weekly jobless claims in the United States unexpectedly rise
Weekly jobless claims in the United States unexpectedly rise Last week, the number of Americans filing new claims for unemployment benefits unexpectedly increased, but remained at levels associated with tightening labour market conditions. The Labor Department reported on Thursday that initial claims for state unemployment benefits increased by 23,000 to a seasonally adjusted 248,000 for […]
USD/CAD Traders Looking for Oil Price for Direction
USD/CAD Traders Looking for Oil Price for Direction USD/CAD steadies in Asia as traders remain jittery over the possibility of increased tensions around the prospect of Russia invading Ukraine. The price of oil, which CAD trades as a proxy, has increased in proportion to the Russian risk premium. As a result, the Loonie is a […]
EUR/USD towards 1.1305 as threat of Russian aggression grows heavier
EUR/USD towards 1.1305 as threat of Russian aggression grows heavier EUR/USD rallies early in the day as risk appetite fades with major Asian indexes printed in red. The EUSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, while Japan’s Nikkei index lost 2.5 percent. At 1.1353, the Euro is now steady on […]
Forecasters predict steady job growth as Fed tries to contain inflation
Forecasters predict steady job growth as Fed tries to contain inflation With professional forecasters now seeing the US economy grow more slowly in the first quarter, many believe the Federal Reserve can keep inflation under control while keeping the economy on track. a survey released on Friday. Economists still expect strong GDP growth for the […]
Yields climb as CPI data, Bullard remarks increase Fed hike views
Yields climb as CPI data, Bullard remarks increase Fed hike views U.S. Treasury yields rose on Thursday, with the benchmark 10-yr U.S. Treasury hitting 2% for the primary time seeing that August 2019 after a higher-than-predicted inflation analyzing and feedback from a Federal Reserve legitimate strengthened expectancies the relevant financial institution will pass to fight […]
Japanese stocks rally on bargain hunt, but US CPI cautiously limits gains
Japanese stocks rally on bargain hunt, but US CPI cautiously limits gains Japanese stocks rose on Tuesday, dragging Nasdaq futures and investors buying back battered stocks, including technology shares, although gains were limited by caution over data. More US inflation is expected at the end of the week. At 02:20 GMT, the Nikkei stock average […]
Wall St Week Ahead Inflation facts subsequent recognition for buyers after bond yield spike
Wall St Week Ahead Inflation facts subsequent recognition for buyers after bond yield spike Wild swings in shares and a pointy run-up in authorities bond yields are setting the highlight on subsequent week’s U.S. inflation statistics, as traders brace for greater volatility throughout assets. A turbulent week in markets ended with a surge in Treasury […]
U.S. week after week jobless cases drop more than anticipated
U.S. week after week jobless cases drop more than anticipated The quantity of Americans recording new cases for joblessness benefits fell more than anticipated last week as COVID-19 contaminations died down, recommending that an expected stoppage in work development in January was logical transitory. Beginning cases for state joblessness benefits dropped 23,000 to an occasionally […]