Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses
Gold Prices Slip as Recession Fears Diminish, Set for Weekly Losses Gold prices dipped in Asian trading on Friday, weighed down by positive U.S. labor data that boosted risk appetite and reduced demand for safe-haven assets. This decline put the yellow metal on track for weekly losses. In the industrial metals sector, copper prices also […]
US Dollar Index Reaches Near Two-Week High Amid Firm Yields
US Dollar Index Reaches Near Two-Week High Amid Firm Yields The US Dollar Index (DXY), a measure of the US dollar’s value against a basket of six major currencies, has been experiencing a steady uptick. It reached near two-week highs during the early Asian trading session on Tuesday, hovering around 101.45-40. This trend marks the […]
US CPI Preview: Are we past peak inflation?
US CPI Preview: Are we past peak inflation? Price pressure may show slowing down while the Fed’s preferred Core CPI measure shows that underlying inflation is still rising. Tomorrow the US Bureau of Labor Statistics will release the July Consumer Price Index report. Economists are expecting CPI headline to come in at 0.2% MoM , […]
Moving Central Bank rate speeding up Russian inflation to 8.73%
Moving Central Bank rate speeding up Russian inflation to 8.73% Inflation in Russia accelerated to 8.73% in January, the highest level since the beginning of 2016, and data from the statistics service Ross tat showed on Wednesday, reinforcing expectations that the central bank will choose to picks up another big rate hike at its meeting […]
China holds 1 and 5-year rates steady for the 15th month in a row
China holds 1 and 5-year rates steady for the 15th month in a row On the news front, it was a light day. In Australia, Covid lockdowns news sped up, the city of Melbourne (and state Victoria) lockdown was stretched out for an additional 7 days and the territory of South Australia will have a […]
EUR/USD: somewhat more downwards first or up she goes
EUR/USD: somewhat more downwards first or up she goes Generally, EUR/USD is moving downwards. In the minutes for the past money-related arrangement meeting delivered last Friday, it was expressed that the national bank council individuals examined a cut in quantitative facilitating during their 10 June getting amid the picked-together speed of the continuous monetary recuperation. […]
Xtreamforex Asia FX news wrap: Major FX rates track especially sideways
Xtreamforex Asia FX news wrap: Major FX rates track especially sideways The week started more leisurely than expected with the last match of the Euro 2020 (paid in 2021) drawing in observers from early business sectors. At the finish of the game (ICYMI, Italy won the title after a punishment ‘shoot out’ following a gridlock […]
Xtreamforex news wrap: Mixed bag but the USD generally a touch stronger
Xtreamforex news wrap: Mixed bag but the USD generally a touch stronger Blended outcomes across major FX rates today yet described in a rundown by a marginally more grounded US dollar on somewhat firmer US yields. The early exchange saw link acquire some ground and the AUD uneven yet bring down a couple of […]
EUR/USD: Prints bearish banner on 4H above 1.1900
EUR/USD: Prints bearish banner on 4H above 1.1900 Generally, EUR/USD is moving downwards. As of late, EUR/USD skipped off the resistance zone of 1.19700. The EUR/USD pair is somewhat bullish in the close term The French glimmer PMI information delivered yesterday demonstrated the extension of business exercises in the midst of the lifting of lockdown […]
Technical Market update 14th June
Technical Market update 14th June EUR/USD Recently the pair broke the support zone of 1.21500. Initial bias is now on the downside within the week for 1.1985 support first. Break there’ll confirm that the consolidation pattern from 1.2348 has started the third leg. A deeper fall would then be seen back to 1.1703 support. On […]
Dollar Pullbacks Positive over U.S. Data
Dollar Pullbacks Positive over U.S. Data! On Wednesday morning the dollar was down in Asia and will continue to retreat the session from the safe side according to the data released on Tuesday US inflation. The US consumer price index has posted a 0.6% increase data month by month that was seems higher in […]