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 […]
Factory growth in the Euro zone slowed in March, Indicating downturn possibility
Factory growth in the Euro zone slowed in March, Indicating downturn possibility According to a study, manufacturing growth in the Eurozone slowed considerably last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, reduced demand, and shook confidence, while increasing energy costs prompted a broader price rise. The invasion’s uncertainty, combined with a […]
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 […]
GBP/JPY recovers from 160.00 as the BOJ blames rising commodity prices for the yen’s weakness
GBP/JPY recovers from 160.00 as the BOJ blames rising commodity prices for the yen’s weakness The GBP/JPY pair has received some considerable offers at 159.50 amid widespread selling in the Japanese yen as a result of the Bank of Japan’s unlimited bond-purchase program me (BOJ). The cross is soaring, having risen over 0.7 percent on […]
UK house price growth is at a 17-year high
UK house price growth is at a 17-year high According to the mortgage lender, annual rise in house prices reached 14.3 percent in February, the fastest rate since November 2004. The cost of a typical UK home has hit a new record high of £265,312, up £33,000 in the last year, according to the report. […]
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 […]
The Dow & S&P 500 finish down after 4 days of gains as Russia attacks Ukraine
The Dow & S&P 500 finish down after 4 days of gains as Russia attacks Ukraine The Dow and S&P 500 both dipped on Wednesday, ending four-session winning streaks, on dwindling prospects of progress in peace talks between Ukraine and Russia, against a backdrop of a hawkish Federal Reserve stifling economic development. A day after […]
XAU/USD pair remains bullish as the US currency continues to fall
XAU/USD pair remains bullish as the US currency continues to fall The gold price is rising as the US currency and US yields fall. The 10-year yield is down almost 2% on the day, while the DXY index, which measures the US dollar against a basket of currencies, is down about 0.3 percent at the […]
The Inversion of a Major Yield Curve Slice in the U.S.A Signals the Start of a Recession
On Tuesday, a carefully watched part of the US Treasury yield curve inverted for the first time since September 2019, reflecting market fears that the Federal Reserve may push the economy into recession as it confronts growing inflation. For a brief while, the two-year Treasury note yielded more than the benchmark 10-year note. Many people […]
GBP/USD falls from 1.3080 as the DXY declines on improved risk appetite
GBP/USD falls from 1.3080 as the DXY declines on improved risk appetite The GBP/USD pair has seen some hefty bids at 1.3080 as investors’ risk appetite improves and risk-perceived assets acquire more demand. Previously, the cable underperformed despite the Bank of England’s tightening monetary policies (BOE). To counteract rising inflation, the Bank of England raised […]
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 […]
As Treasury rates rise, the S&P 500 finishes higher with financials
As Treasury rates rise, the S&P 500 finishes higher with financials The S&P 500 finished higher on Friday as banking stocks rallied following a surge in the benchmark Treasury yield to its highest level in almost three years. The Nasdaq closed down, with tech and other large growth companies mainly falling, but they finished off […]
As the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price
As the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price For the third day in a row, gold (XAU/USD) has been in the lead, with bids at $1,963 at press time in Friday’s Asian session. The previous day, amid rising anxiety over the Ukraine-Russia confrontation, the yellow […]
The labour market in U.S.A is tightening, with weekly unemployment claims at the lowest level
The labour market in U.S.A is tightening, with weekly unemployment claims at the lowest level Last week, the number of Americans filing new jobless benefits claims fell to a 52-1/2-year low, while unemployment rolls continued to decline, indicating fast reducing labour market slack that will continue to support wage inflation. The Federal Reserve may raise […]
The EUR/USD is once again under pressure as Asia takes over the baton
The EUR/USD is once again under pressure as Asia takes over the baton EUR/USD is down 0.13 percent, having fallen from a top of 1.1013 to a low of 1.0982 thus far. The US dollar rose on Wednesday as oil prices rose again, with US President Joe Biden set to announce more sanctions against Russia […]
Options traders see the stock rally as an opportunity to buy downside protection
Options traders see the stock rally as an opportunity to buy downside protection Risk appetite has returned to Wall Street following a nasty start to the year, but some experts caution that the respite in volatility may be fleeting and encourage investors to be wary of more stock market gyrations. The Cboe Volatility Index, which […]