EUR/USD is clinging to the precipice of the abyss at 1.0800, with the ECB keeping an eye on it
EUR/USD is clinging to the precipice of the abyss at 1.0800, with the ECB keeping an eye on it In Asia, the EUR/USD is attempting to correct higher, following the lead from yesterday’s trade, when the price was established just ahead of 1.08, the figure at which it was pinned near a 22-month low. The […]
Tightening financial conditions are a warning sign for the global economy
Tightening financial conditions are a warning sign for the global economy Global financial conditions, which are thought to be strongly correlated with future growth, are at their tightest in two years, owing to rising energy prices, falling stock markets, and market fallout from the Ukraine-Russia conflict. The term “financial conditions” refers to how variables such […]
Gold is surging and breaking records. $2,000/oz
Gold is surging and breaking records. $2,000/oz At the start of the week, the price of gold in fast markets has just surpassed $2,000 per ounce. The catalyst is oil, as well as concerns about global stagflation. Oil prices have increased by 10% on Monday as a result of the threat of a ban on […]
Oil prices have risen to their highest level since 2008, owing to delays in Iranian talks
Oil prices have risen to their highest level since 2008, owing to delays in Iranian talks Oil prices have risen to their highest level since 2008, owing to delays in the potential return of Iranian crude to global markets and as the United States and its European allies consider prohibiting Russian oil imports. On Sunday, […]
Dollar Up, Euro Down as Russian Invasion of Ukraine Intensifies
Dollar Up, Euro Down as Russian Invasion of Ukraine Intensifies The dollar was up on Friday morning in Asia, but the euro was set for its worst week versus the U.S. currency in nine months. The Russian invasion of Ukraine and the resultant higher commodities prices continue to drag on expectations of European economic growth. […]
GBP/JPY stays depressed below 155.00 as yields ease on Ukraine fears
GBP/JPY stays depressed below 155.00 as yields ease on Ukraine fears GBP/JPY remains sidelined around 154.70 during Thursday’s Asian session, mildly offered after bouncing off a 10-week low the previous day. The cross-currency pair’s latest weakness could be linked to the market’s anxiety ahead of key data/events, as well as a lack of major catalysts. […]
The Most Volatile Currency Pairs and How to Trade Them
The Most Volatile Currency Pairs and How to Trade Them FX markets are susceptible to a range of factors which affect their volatility, and many traders look to tailor their strategies to capitalize on the most volatile currency pairs. Currency volatility, often measured by calculating the standard deviation or variance of currency price movements, gives […]
AUD/USD rate stages another attempt for 2022 opening range breakout
AUD/USD rate stages another attempt for 2022 opening range breakout AUD/USD appears to be unfazed by the RBA’s dovish forward guidance as it clears the February high (0.7284), and it remains to be seen if the update to Australia’s Gross Domestic Product (GDP) report will derail the recent advance in the exchange rate amid expectations […]
XAU/USD is expected to fall below $1,900 as it loses its safe-haven appeal
XAU/USD is expected to fall below $1,900 as it loses its safe-haven appeal Gold prices are aiming for support below $1,900 as the market’s risk-off impulse returns. The precious metal has been trading in a range of $1,890.92-1,911.00 as investors await a new catalyst from the Russia-Ukraine conflict. However, Russia’s invasion of Ukraine appears to […]
The withdrawal of Western companies from Russia is expected to accelerate
The withdrawal of Western companies from Russia is expected to accelerate More Western corporations and investors are expected to leave Russia on Tuesday, following in the footsteps of energy firms BP and Shell, which abandoned multibillion-dollar positions following the invasion of Ukraine. Leading banks, airlines, automakers, and other companies have reduced shipments, terminated partnerships, and […]
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target Despite the bearish opening gap on Monday, the EUR/JPY has been following the primary component of Dow Theory by remaining above Friday’s low of 128.73. The cross continues to form the higher high and higher low structure, but […]
As Ukraine risks rise, crude prices rise and the rouble falls to a record low
As Ukraine risks rise, crude prices rise and the rouble falls to a record low On Monday, crude oil rose while the rouble fell nearly 30% to a new record low after Western nations imposed new sanctions on Russia for its invasion of Ukraine, including the exclusion of some banks from the SWIFT international payments […]
XAU/USD remains firm around $1,910 as traders speculate on Russia’s next move
XAU/USD remains firm around $1,910 as traders speculate on Russia’s next move During a sluggish Asian session on Friday, gold (XAU/USD) maintains its late Thursday rebound from $1,878 around $1,910. The previous day’s market panic over Russia’s invasion of Ukraine propelled gold prices due to its traditional safe-haven status during early Thursday. However, by the […]
Wall Street rises as the United States imposes new sanctions on Russia
Wall Street rises as the United States imposes new sanctions on Russia US stocks finished sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden announced harsh new sanctions against Russia after Moscow launched an all-out invasion of Ukraine. The S&P 500 gained […]
Price Analysis of the AUD/JPY: Will History Repeat Itself? If this is the case, expect much lower levels in the future
Price Analysis of the AUD/JPY: Will History Repeat Itself? If this is the case, expect much lower levels in the future Bears in the AUD/JPY have been breaking new ground below 83, paving the way for further declines in the coming days. The pair is the forex space’s risk barometer, and as the Ukraine crisis […]
Offshore wind auction bids in the United States have surpassed $1.5 billion, with more to come
Offshore wind auction bids in the United States have surpassed $1.5 billion, with more to come The largest-ever sale of offshore wind development rights in the United States drew a record $1.5 billion in bids on Wednesday, supporting President Joe Biden’s plan to create a new domestic industry. The auction, which will continue on Thursday, […]
EUR/GBP is hovering around 0.8330 ahead of the Bank of England’s monetary policy report hearings
EUR/GBP is hovering around 0.8330 ahead of the Bank of England’s monetary policy report hearings In the Asian session, the EUR/GBP is trading in a narrow range of 0.8330-0.8345, as investors await the Bank of England’s (BOE) monetary policy report hearings on Wednesday. The cross has remained volatile in recent trading sessions due to the […]
The S&P 500 has confirmed a correction as stocks fall due to war fears
The S&P 500 has confirmed a correction as stocks fall due to war fears The S&P 500’s 1% drop on Tuesday confirmed that the world’s most watched stock index was in a correction for the first time since the 2020 Wall Street crash caused by the COVID-19 pandemic.US investors sold stocks amid rising fears of […]