What a bear market means for traders
What a bear market means for traders Beginning From 2022, global stock suffered very badly after the pandemic. The market was running in straight line for twenty months. Financial market cracks began to appear in November 2021 NASDAQ fell after nothing a succession of record high. S&P 500 had registered many high records. Since then […]
USD/JPY oversteps 137.00 as odds of further divergence in Fed-BOJ policy escalate
USD/JPY oversteps 137.00 as odds of further divergence in Fed-BOJ policy escalate 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 ships and utilities. JPY: M2 Money Stock y/y, it measures change in the total quantity of domestic currency in […]
UK PM Boris Johnson says he will resign
UK PM Boris Johnson says he will resign After several of high profile cabinet member. Resigned, PM Boris said he will resign from his current positions, until the new leader, who will take place on. Next month till than he will stay on his current position. On press conference Boris said he will step down […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY JPY: Household Spending y/y, it measures change in the inflation-adjusted value of all expenditures by consumers. JPY: Current Account, it measures difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month. JPY: Economy Watchers Sentiment, it measures level […]
GBP/USD Battered by US Dollar Strength
GBP/USD Battered by US Dollar Strength EUR: German Factory Orders m/m, it measures change in the total value of new purchase orders placed with manufacturers. GBP: MPC Member Pill Speaks, BOE MPC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding […]
Long EUR/GBP AUD/USD- Interest Rate Differentials and Market Pricing
Long EUR/GBP AUD/USD- Interest Rate Differentials and Market Pricing AUD: Retail Sales m/m, it measures change in the total value of sales at the retail level. JPY: 10-y Bond Auction, it measures average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction. AUD: Cash Rate, it measures interest […]
Australian Dollar Under Pressure as Technical Levels Are in View. Where to for AUD/USD?
Australian Dollar Under Pressure as Technical Levels Are in View. Where to for AUD/USD? JPY: Monetary Base y/y, it measures change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ. AUD: MI Inflation Gauge m/m, it measures change in the price of goods and services purchased by […]
ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD
ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD 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: Tokyo Core CPI y/y, it measures change in the price of goods and services […]
In the first half, US stocks fell by the most since more than 50 years
In the first half, US stocks fell by the most since more than 50 years The first half of the year for US stocks was the worst in more than 50 years as a result of a collapse that was started by the Federal Reserve’s attempt to stop persistent inflation and accelerated by growing fears […]
U.S. stocks fail to change much as the quarter end approaches
U.S. stocks failed to change much as the quarter end approaches As investors analyzed remarks made by central bankers at a panel in Europe and anticipated more quarterly profit reports, U.S. stocks ended the day with no movement. On Wednesday, the Dow Jones Industrial Average rose 82.32 points, or 0.3%, to 31029.31. The NASDAQ Composite […]
Stocks drop following poor consumer confidence reading
Stocks drop following poor consumer confidence reading As investors analyzed new economic data in search of hints regarding the rate of monetary policy tightening, U.S. stocks declined on Tuesday, giving up early gains and sliding for a second straight day. To reach 30946.99, the Dow Jones Industrial Average fell 491.27 points, or 1.6 percent. Earlier […]
Japanese Yen Update – USD/JPY/GBP/EUR Struggles Despite Record BoJ Bond Buying
Japanese Yen Update – USD/JPY/GBP/EUR Struggles Despite Record BoJ Bond Buying JPY: BOJ Core CPI y/y, it measures change in the price of goods and services purchased by consumers, excluding food and energy. EUR: German GfK Consumer Climate, it measures level of a composite index based on surveyed consumers. EUR: ECB President Lagarde Speaks, As […]
UAE claims it has no spare capacity, oil prices jump by 1%
UAE claims it has no spare capacity, oil prices jump by 1% The energy minister of the United Arab Emirates stated that the country is producing near capacity, defying expectations that this could assist boost supply in a tight market. As a result, oil prices increased by nearly 1% in early Asian trade on Tuesday. […]
Stock Market declines following massive rally last week
Stock Market declines following massive rally last week U.S. stocks declined on Monday, erasing some of the gains made during a surge last week as expectations for the direction of interest-rate rises by the Federal Reserve softened. Early gains were erased by the S&P 500, which dropped 11.63 points, or 0.3 percent, to close at […]
After stock rebound week, stock futures are marginally higher
After stock rebound week, stock futures are marginally higher Following a significant recovery last week from this year’s sharp declines, U.S. stock futures increased marginally on Monday morning. Wall Street is getting ready to close out the worst first half for equities in decades despite the rebound. Futures for the Dow Jones Industrial Average increased […]
Fears about economy is growing as Wall Street’s hiring frenzy eases
Fears about economy is growing as Wall Street’s hiring frenzy eases After a hiring frenzy last year, Wall Street is slowing down due to the growing uncertainty around the U.S. economic future and the ensuing decline in the financial markets. In 2021 and early this year, Wall Street firms, including banks like Citigroup Inc, JPMorgan […]
Stocks decline as Wall Street’s effort at a rally fails
Stocks decline as Wall Street’s effort at a rally fails As markets struggled to maintain a recovery from earlier in the day, stocks modestly declined on Wednesday in turbulent trading. Traders also considered remarks made by Federal Reserve Chair Jerome Powell, who reaffirmed the position of the central bank in battling inflation. In the last […]
UK Inflation Remains at Multi-Decade Highs, GBP/USD Nudges Higher
UK Inflation Remains at Multi-Decade Highs, GBP/USD Nudges Higher NZD: Trade Balance, it measures difference in value between imported and exported goods during the reported month. JPY: Monetary Policy Meeting Minutes, It’s a detailed record of the BOJ Policy Board’s meeting, providing in-depth insights into the economic conditions that influenced their decision on where to […]