Oil prices are falling as China’s economic slowdown has a negative impact on demand
Oil prices are falling as China’s economic slowdown has a negative impact on demand Oil prices fell on Friday as China’s COVID-19 lockdowns weighed on the outlook for petroleum demand; though supply disruption fears fueled by Western sanctions limiting Russia’s crude and product exports. By 0040 GMT, Brent crude futures had fallen 4 cents to […]
On aggressive Fed comments, XAUUSD revives briefly from $1,900, but expects downside to $1,880
On aggressive Fed comments, XAUUSD revives briefly from $1,900, but expects downside to $1,880 After a massive negative move, gold (XAU/USD) is showing a dead cat bounce around approximately $1,900. After failing to hold above the round level support of $1,950.00 last week, the precious metal has seen a sharp sell-off. One thing to keep […]
EUR/USD Forecast: Euro on the brink of renewing multi-year lows
EUR/USD Forecast: Euro on the brink of renewing multi-year lows XAUUSD Price stays helpless before the price activity in the US dollar and the Treasury yields, kindness of the forceful Fed’s tightening assumptions. In the interim, the shortfall of the primary level US monetary information leaves the consideration on the Fed analysis and rising worries […]
Market News: EUR/USD, GBP/USD, AUD/USD, NZD/JPY
Market News: EUR/USD, GBP/USD, AUD/USD, NZD/JPY NZD: International Travel and Migration, it measures change in the number of short-term overseas visitors who arrived in the country GBP: Like-for-like Retail Sales, it measures change in the value of same-store sales at the retail level. JPY: Bank Lending, it measures change in the total value of outstanding […]
Market News: EUR/USD, GBP/USD, AUD/USD, CNY/JPY
Market News: EUR/USD, GBP/USD, AUD/USD, CNY/JPY Time 04:30 AM GMT+3 CNY: CPI (Consumer Price Index) , It measures change in the price of goods and services purchased by consumers. Time 04:30 AM GMT+3 CNY: PPI (Producer Price Index), It measures change in the price of goods purchased and sold by producers. Time 09:00 AM GMT+3 […]
Dow Jones Futures Drop during Market Rally; Tesla CEO Elon Musk Will Not Join Twitter’s Board
Dow Jones Futures Drop during Market Rally; Tesla CEO Elon Musk Will Not Join Twitter’s Board Dow Jones futures, as well as S&P 500 and Nasdaq futures, dipped Sunday night, as Treasury rates continued to rise. In March, Tesla China sales were strong, but the Shanghai facility was shutdown. Meanwhile, Tesla CEO Elon Musk will […]
European markets end the day neutral, reflecting global caution; Vestas surges 8%
European markets end the day neutral, reflecting global caution; Vestas surges 8% On Tuesday, European stock markets were divided as investors focused on the Ukraine-Russia crisis and economic statistics. The Stoxx 600 index in Europe concluded flat, with utilities up 2% and construction and material sectors down 1.8 percent. In terms of individual stock price […]
Overnight, US equities continued to swing back and forth; buyers swooped in on tech firms
Overnight, US equities continued to swing back and forth; buyers swooped in on tech firms Investors snatched up some of the technology firms that had been under pressure to start the year, sending U.S. equities higher on Monday. The Nasdaq Composite Index, which is centred on technology, rose 271.05 points, or 1.9 percent, to […]
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 […]
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 […]
For the third month in a row, foreign inflows into US Treasury securities were recorded in January
For the third month in a row, foreign inflows into US Treasury securities were recorded in January Net foreign inflows into Treasuries increased for the third month in a row in January, totaling $74.36 billion, according to data released by the US Treasury Department on Tuesday. According to Treasury International Capital (TIC) data, private […]
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, […]
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 […]
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 […]
Japanese stocks rally on bargain hunt, but US CPI cautiously limits gains
Japanese stocks rally on bargain hunt, but US CPI cautiously limits gains Japanese stocks rose on Tuesday, dragging Nasdaq futures and investors buying back battered stocks, including technology shares, although gains were limited by caution over data. More US inflation is expected at the end of the week. At 02:20 GMT, the Nikkei stock average […]
AUD/USD grinds higher towards 0.7100 as softer China Caixin Services PMI probe bulls
AUD/USD grinds higher towards 0.7100 as softer China Caixin Services PMI probe bulls AUD/USD pauses the corrective pullback round intraday excessive close to 0.7080 after China flashed downbeat information on their go back all through Monday’s Asian session. Also tough the AUD/USD charges are geopolitical anxiety surrounding Russia and the marketplace’s indecision over the […]
U.S. week after week jobless cases drop more than anticipated
U.S. week after week jobless cases drop more than anticipated The quantity of Americans recording new cases for joblessness benefits fell more than anticipated last week as COVID-19 contaminations died down, recommending that an expected stoppage in work development in January was logical transitory. Beginning cases for state joblessness benefits dropped 23,000 to an occasionally […]
XAU/USD is helpless before national bank occasions and US occupations information
XAU/USD is helpless before national bank occasions and US occupations information At $1,808.20, gold is level on the meeting up to this point and minimal shifted over the direction of the beyond couple of meetings holding over the key $1,800 per ounce level. In any case, there has been an attention on the US dollar […]