The USD/JPY is licking its wounds near a 13-day low due to lower yields and risk aversion
The USD/JPY is licking its wounds near a 13-day low due to lower yields and risk aversion USD/JPY pares intraday losses near the lowest levels since February 03, bouncing off the multi-day low to 114.70 during Tuesday’s mid-Asian session. Despite the yen pair’s recent corrective pullback, the market’s risk-off mood supports the USD/safe-haven JPY’s demand. […]
Following the ECB shock, European firms face higher borrowing costs
Following the ECB shock, European firms face higher borrowing costs After the ECB’s surprise pivot toward tighter monetary policy, European companies hoping to fund M&A and capital expenditures on bond markets this year face a sharp increase in borrowing costs and wary buyers. Bond issues are an important source of funding for businesses, and their […]
Bulls in the XAU/USD are retreating as markets place their hopes on a meeting between US Vice President Joe Biden and Russian President Vladimir Putin
Bulls in the XAU/USD are retreating as markets place their hopes on a meeting between US Vice President Joe Biden and Russian President Vladimir Putin The price of gold has been swinging back and forth in response to every headline involving Russia, Ukraine, and the latest diplomatic efforts to avert war. At the time of […]
Existing home sales in the United States are increasing, with investors pushing out first-time buyers
Existing home sales in the United States are increasing, with investors pushing out first-time buyers Although home sales in the United States unexpectedly increased in January, investors paying in cash are pushing first-time buyers out of the market due to record low inventory and higher prices. The National Association of Realtors reported a surge in […]
AUD/USD bulls are moving in as hopes of diplomacy succeeding continue to support risk.
AUD/USD bulls are moving in as hopes of diplomacy succeeding continue to support risk The AUD/USD is up 0.16 percent in the Asian session, trading at 0.7197, as risk appetite returns on what appears to be more signs of diplomacy shining through the cracks of fear of an impending war between NATO and Ukraine vs. […]
Weekly jobless claims in the United States unexpectedly rise
Weekly jobless claims in the United States unexpectedly rise Last week, the number of Americans filing new claims for unemployment benefits unexpectedly increased, but remained at levels associated with tightening labour market conditions. The Labor Department reported on Thursday that initial claims for state unemployment benefits increased by 23,000 to a seasonally adjusted 248,000 for […]
EUR/USD pullback eyes 1.1300 ahead of Fed Minutes, US Retail Sales
EUR/USD pullback eyes 1.1300 ahead of Fed Minutes, US Retail Sales EUR/USD takes offers to revive every day low close 1.1345, down 0.11% intraday, as the pair dealers merge the heaviest day by day hop in a fortnight during Wednesday’s Asian meeting. The significant cash pair merchants appear to regard the market’s mindful confidence while […]
Oil costs hold consistent as Russia-Ukraine pressures cool
Oil costs hold consistent as Russia-Ukraine pressures cool Oil costs steadied on Wednesday subsequent to withdrawing over 3% in the past meeting as financial backers checked the effect of facilitating Russia-Ukraine strain against a rigid harmony between close worldwide supplies and recuperating fuel interest. Brent exchanged at $93.19 a barrel at 0253 GMT, down dime, […]
USD/CAD Traders Looking for Oil Price for Direction
USD/CAD Traders Looking for Oil Price for Direction USD/CAD steadies in Asia as traders remain jittery over the possibility of increased tensions around the prospect of Russia invading Ukraine. The price of oil, which CAD trades as a proxy, has increased in proportion to the Russian risk premium. As a result, the Loonie is a […]
Japan’s economy recovers on strong spending, Omicron outlook dim
Japan’s economy recovers on strong spending, Omicron outlook dim Japan`s financial system rebounded within side the very last 3 months of 2021 as falling coronavirus instances helped prop up consumption, aleven though growing uncooked fabric charges and a spike in new Omicron variation infections cloud the outlook. Bank of Japan Governor Haruhiko Kuroda additionally highlighted […]
EUR/USD towards 1.1305 as threat of Russian aggression grows heavier
EUR/USD towards 1.1305 as threat of Russian aggression grows heavier EUR/USD rallies early in the day as risk appetite fades with major Asian indexes printed in red. The EUSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, while Japan’s Nikkei index lost 2.5 percent. At 1.1353, the Euro is now steady on […]
Forecasters predict steady job growth as Fed tries to contain inflation
Forecasters predict steady job growth as Fed tries to contain inflation With professional forecasters now seeing the US economy grow more slowly in the first quarter, many believe the Federal Reserve can keep inflation under control while keeping the economy on track. a survey released on Friday. Economists still expect strong GDP growth for the […]
NZD / USD struggles to strengthen US dollar despite high inflation expectations of Reserve Bank of New Zealand
NZD / USD struggles to strengthen US dollar despite high inflation expectations of Reserve Bank of New Zealand At 0.6658, the NZD / USD fell 0.17% on the day as the greenback continues to dominate the top of the forex leaderboard. On a time basis, the US dollar is ahead while commodity currencies are behind. […]
Yields climb as CPI data, Bullard remarks increase Fed hike views
Yields climb as CPI data, Bullard remarks increase Fed hike views U.S. Treasury yields rose on Thursday, with the benchmark 10-yr U.S. Treasury hitting 2% for the primary time seeing that August 2019 after a higher-than-predicted inflation analyzing and feedback from a Federal Reserve legitimate strengthened expectancies the relevant financial institution will pass to fight […]
GBP/USD steady in Asia ahead of key US CPI data
GBP/USD steady in Asia ahead of key US CPI data GBP/USD is steady on the day and patiently waits between 1.3526 and 1.3538 ahead of today’s key event in the US Consumer Price Index. The British Pound initially benefited from a weak Dollar at the start of the week and calmed central bank sentiment at […]
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 […]
XAU/USD bulls advance but may run on empty product
XAU/USD bulls advance but may run on empty product Gold (XAU/USD) took advantage of the greenback’s bid as Asian stocks rallied on Wednesday on the back of a strong equity performance on Wall Street. US Treasury yields are holding highs near multi-year highs ahead of this week’s closely watched US inflation data. The DXY, an […]
Canadian dollar weakens as oil recovery loses momentum
Canadian dollar weakens as oil recovery loses momentum The Canadian dollar weakened against the US dollar on Tuesday, returning some of yesterday’s strong gains, driven by falling oil prices and country data showing an unexpected trade deficit 78.70 US cents, after trading between 1.2665 and 1.2721. “Some of this weakness is attributed to the decline […]