EUR/USD Climbs Toward 1.1100 Amid Fed Rate Cut Speculation
EUR/USD Climbs Toward 1.1100 Amid Fed Rate Cut Speculation The EUR/USD began the week on a positive trajectory, trading around 1.1090 during Monday’s Asian session. Investors are now closely watching the US Federal Reserve’s (Fed) highly anticipated policy decision later this week, with uncertainty surrounding the size of the potential rate cut. Markets remain split […]
Yen Subdued as USD Advances on Risk Aversion
Yen Subdued as USD Advances on Risk Aversion The Japanese Yen (JPY) continued its downward trend for the second consecutive trading day on Monday, with the USD/JPY pair finding support as the US Dollar (USD) regained strength. This resurgence in the USD follows the release of better-than-expected US employment data last Friday, which bolstered market […]
USD/CHF Rises Above 0.9100 Before US PPI Data
USD/CHF Rises Above 0.9100 Before US PPI Data In the early European session on Thursday, the USD/CHF currency pair exhibited a bullish momentum, climbing to 0.9125, marking its highest level since October 2023. This upward trend in the pair is primarily attributed to the unexpectedly high U.S. inflation figures for March, which have led investors […]
Gold Price Nears Record High, Despite Strong USD as Potential Obstacle
Gold Price Nears Record High, Despite Strong USD as Potential Obstacle The Gold price (XAU/USD) continues to experience a notable uptrend, recording gains for the sixth consecutive day on Tuesday. This steady ascent brings it tantalizingly close to the all-time high it achieved the day before. The price movement of this precious metal, traditionally viewed […]
G20 Trade Policies Tighten as Trade Growth Slows
G20 Trade Policies Tighten as Trade Growth Slows The World Trade Organization (WTO) has flagged a shift toward more restrictive trade practices among G20 nations, with their 30th monitoring report highlighting an increase in trade barriers from mid-May to mid-October 2023. Despite these measures, the value of trade facilitated by G20 still outstrips that affected […]
Japanese Yen Soars to Three-Month High Versus USD on BoJ Hawkish Outlook
Japanese Yen Soars to Three-Month High Versus USD on BoJ Hawkish Outlook The Japanese Yen (JPY) has seen a notable surge, reaching a three-month high against the US Dollar (USD) on Thursday. This upward movement is largely attributed to increasing expectations of a policy shift by the Bank of Japan (BoJ). The recent meeting between […]
Japanese Yen Fluctuates Against USD, Maintains Bullish Outlook
Japanese Yen Fluctuates Against USD, Maintains Bullish Outlook Amid a backdrop of fluctuating market signals, the Japanese Yen (JPY) displayed volatility against the US Dollar (USD) during Tuesday’s Asian trading session. Despite occasional gains and minor losses, the currency pair could not find a clear direction. Market participants are weighing various factors, including the Bank […]
GBP/USD Stabilizes Above 1.2400 Amid Mixed Market Signals
GBP/USD Stabilizes Above 1.2400 Amid Mixed Market Signals The GBP/USD currency pair exhibits a steady stance above the 1.2400 level, navigating through a complex landscape of market signals and economic indicators. This stability comes after the pair recoiled from a near two-month high around the 1.2500 mark, following a setback from the 100-day Simple Moving […]
USD Index Faces Pressure Near 106.5 Ahead of Crucial Economic Data Release
USD Index Faces Pressure Near 106.5 Ahead of Crucial Economic Data Release The USD Index (DXY), a significant barometer that measures the U.S. dollar against a group of its primary competitors, has seen a diminishing upward drive, pulling back to mid-106.00 levels as the week draws to a close. This retreat in the index marks […]
Gold Price Vulnerable to Persistent US Inflation
Gold Price Vulnerable to Persistent US Inflation The cost of gold might organize further endeavors to test the 2022 high ($2071) as it moves to a new week-after-week high ($1984), however new information print emerging from the US might prompt a pullback in bullion as the Individual Utilization Use (PCE) cost file is supposed to […]
Policy Makers Views on Risks Begin to Diverge
Policy Makers Views on Risks Begin to Diverge Last week has seen a flurry of central bank communications as the RBA, FOMC and BoE all met deliberate on policy. Evident in their decisions and commentary is a growing divergence in expectations around inflation and the risks to the policy outlook. The RBA delivered only a […]
All eyes on Europe – Huge volatility expected in EU equities
All eyes on Europe – Huge volatility expected in EU equities The platform is set to start the new week on a positive footing after the solid retail sales last Friday. The index of US500 closed retail at absolute highs after the Friday gain of 1.9% which brought the loss on the week to 1%- […]
Upcoming Market Updates : NZD, GBP, EURO, CAD, USD
Upcoming Market Updates : NZD,GBP,EURO, CAD, USD Time 01:30 AM GMT+3 NZD: Business NZ Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 01:45 AM GMT+3 NZD: CPI q/q, it measures change in the price of goods and services purchased by consumers. Time 02:01 AM GMT+3 GBP: Rightmove HPI m/m, […]
Upcoming Market Updates : NZD,CNY,JPY,EUR,CAD, USD
Upcoming Market Updates : NZD,CNY,JPY,EUR,CAD, USD Time 01:30 AM GMT+3 NZD: BusinessNZ Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 05:00 AM GMT+3 CNY: GDP q/y, it measures change in the inflation-adjusted value of all goods and services produced by the economy. Time 07:30 AM GMT+3 JPY: Tertiary Industry […]
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD Time 02:01 AM GMT+3 GBP: RICS House Price Balance, it measures level of a diffusion index based on surveyed property surveyors. Time 04:00 AM GMT+3 AUD: MI Inflation Expectations, it measures percentage that consumers expect the price of goods and services to change during the next 12 months. Time […]
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD Time 01:45 AM GMT+3 NZD: FPI m/m, it measures change in the price of food and food services purchased by households. Time 05:00 AM GMT+3 NZD: Official Cash Rate, it measures interest rate at which banks lend balances held at the RBNZ to other banks […]
EUR/USD Equality… What’s Next
EUR/USD Equality… What’s Next The psychological obsession level was tagged today. The decisively breach one follow through is not seen yet, but it’s going to be a higher probability scenario. It’s a one way move for EURUSD as 2022 is passing. Euro has depreciated by over 11% against dollar this year. The markets obsession with […]