The Dow is down more than 400 points, and the Nasdaq is down 2.2 percent, as Treasury rates continue to rise
The Dow is down more than 400 points, and the Nasdaq is down 2.2 percent, as Treasury rates continue to rise Investors continued to mull over the ramifications of the Federal Reserve’s probable half-point rate rise in May, as well as a more fast liquidation of the central bank’s balance sheet than in the past, […]
As Treasury rates climb, gold prices end lower
As Treasury rates climb, gold prices end lower Gold prices fell in range-bound trading on Monday, as rising Treasury rates bolstered the dollar and offset support from the Ukraine crisis, while palladium gained following London’s move to halt trade of the metal from Russia. By 0730 GMT, spot gold was down 0.2 percent at $1,942.85 […]
Oil prices plummet as a result of China’s lockdowns, and reserves are released
Oil prices plummet as a result of China’s lockdowns, and reserves are released Oil prices fell $2 a barrel in early Asian trade on Monday, marking the second consecutive weekly decrease after world consumers revealed intentions to release a record volume of crude and oil products from strategic storage, and as China lockdowns remained in […]
Dow Jones Futures Drop during Market Rally; Tesla CEO Elon Musk Will Not Join Twitter’s Board
Dow Jones Futures Drop during Market Rally; Tesla CEO Elon Musk Will Not Join Twitter’s Board Dow Jones futures, as well as S&P 500 and Nasdaq futures, dipped Sunday night, as Treasury rates continued to rise. In March, Tesla China sales were strong, but the Shanghai facility was shutdown. Meanwhile, Tesla CEO Elon Musk will […]
Xtreamforex Fundamental Market Analysis 8 April 2022
Xtreamforex Fundamental Market Analysis 8 April 2022 Euro’s selloff from last Thursday’s high at 1.1184 to 1.0866 in New York yesterday on unfurled with USD’s solidarity, then present break there in Asia proposes revision from March’s 22-month base at 1.0807 has finished and bearishness stays for re-trial of said support, break expected to stretch out […]
Imports of fuel oil from Latin America surge ahead of Russia’s planned reduction
Imports of fuel oil from Latin America surge ahead of Russia’s planned reduction According to customs statistics, record amounts of fuel oil from Latin America arrived in the United States in March, as refiners sought alternatives to Russian feed stocks ahead of Washington’s April 22 deadline to cease Russian oil imports. Last month, US Gulf […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY AUD: AIG Services Index, Survey of about 200 service-based companies which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories AUD: Trade Balance, it measures difference in value between imported and exported goods and services […]
Stocks in the US fell in turbulent trade as the Federal Reserve announced a $95 billion monthly balance sheet reduction
Stocks in the US fell in turbulent trade as the Federal Reserve announced a $95 billion monthly balance sheet reduction In a bumpy trading day on Wednesday, US equities sank after minutes from the Federal Reserve’s most recent meeting revealed intentions to decrease its balance sheet by $95 billion each month. A total of $60 […]
European markets end the day neutral, reflecting global caution; Vestas surges 8%
European markets end the day neutral, reflecting global caution; Vestas surges 8% On Tuesday, European stock markets were divided as investors focused on the Ukraine-Russia crisis and economic statistics. The Stoxx 600 index in Europe concluded flat, with utilities up 2% and construction and material sectors down 1.8 percent. In terms of individual stock price […]
Overnight, US equities continued to swing back and forth; buyers swooped in on tech firms
Overnight, US equities continued to swing back and forth; buyers swooped in on tech firms Investors snatched up some of the technology firms that had been under pressure to start the year, sending U.S. equities higher on Monday. The Nasdaq Composite Index, which is centred on technology, rose 271.05 points, or 1.9 percent, to […]
Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY
Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY AUD: AIG Construction Index (Performance of Construction) construction Survey of 200 companies which asks respondents to rate the relative level of business conditions including employment, new orders, prices, supplier deliveries, production and inventories, released monthly JPY: Average Cash Earnings, correlated with spending the more income consumers have, the more they […]
In Asian markets, the XAU/USD bleeds out, falling below $1,920
In Asian markets, the XAU/USD bleeds out, falling below $1,920 The price of gold, XAU/USD, has been under pressure this week due to conflicting mood around the Ukraine issue against anticipation of a rapid-fire response from the Federal Reserve following last week’s Nonfarm Payrolls report. XAU/USD is down 0.26 percent at the time of writing, […]
As the RBA approaches amid China’s lockdowns, the AUD/USD chart shows bullish potential
As the RBA approaches amid China’s lockdowns, the AUD/USD chart shows bullish potential The Asian markets will start the week with an eye on Australia’s interest rate announcement tomorrow. The Reserve Bank of Australia (RBA) is likely to maintain its current interest rate of 0.1 percent, although expectations for a raise in the second […]
XAU/USD is flirting with a significant daily golden ratio of 61.8 percent
XAU/USD is flirting with a significant daily golden ratio of 61.8 percent At $1,935, the gold price is a tad lower at the start of the week’s last day, down around 0.1 percent. So far, the yellow metal has ranged from a high of $1,937.92 to a low of $1,932.56. Overnight, the precious metal was […]
The financial markets in the US and Europe have had their worst quarter since the COIVID-19 outbreak
The financial markets in the US and Europe have had their worst quarter since the COIVID-19 outbreak Global stock markets fell on Thursday, with the S&P 500 falling more than 1.5 percent as investors worried about a recession and the Russian-Ukrainian conflict, while oil prices fell more than $6 as Washington began releasing a record […]
The US Dollar Index is testing 4-week lows at 97.70 ahead of data
The US Dollar Index is testing 4-week lows at 97.70 ahead of data The greenback has been under pressure this week, trading at multi-week lows of 97.70 when measured by the US Dollar Index (DXY) on Thursday. For the third session in a row, the index loses ground and trades at the 97.70 level, despite […]
Oil exports from the United States are increasing, pushing fuel away from storage hubs
Oil exports from the United States are increasing, pushing fuel away from storage hubs Following Russia’s invasion of Ukraine, US oil exports have increased, and barrels of domestic oil that would normally go to the Cushing, Oklahoma, storage center are now being shipped via the Gulf Coast, dealers said. The invasion shook the oil market, […]
The NZD/USD is in command as the US dollar strengthens
The NZD/USD is in command as the US dollar strengthens NZD/USD is trading 0.23 percent down on the day at 0.6944, having fallen from a high of 0.6963. The US dollar is up in the morning after posting its sixth weekly rise in the last seven. The DXY index, which measures the US dollar against […]