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 […]
Markets are ‘functioning smoothly,’ with no signs of default despite severe volatility, according to CFTC Chair
Markets are ‘functioning smoothly,’ with no signs of default despite severe volatility, according to CFTC Chair Markets are “functioning well” despite unprecedented volatility caused by Russia’s invasion of Ukraine, according to the chair of the US Commodity Futures Trading Commission on Wednesday. While the financial sector is “definitely” stressed, there are no red lights indicating […]
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 […]
Shares rise as oil prices fall amid optimism about Ukraine’s progress
Shares rise as oil prices fall amid optimism about Ukraine’s progress On Monday, most stock markets rose and oil fell on hopes for progress in Russian-Ukraine peace talks, even as fighting continued, while bond markets braced for rate hikes in the United States and the United Kingdom this week. While Russian missiles struck a large […]
With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce
With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce On Wednesday, gold suffered greatly as risk sentiment improved. After reaching a 19-month high at the start of the week, the precious metal fell back below $2,000 per ounce. Spot gold fell 3.3 percent to $1,976 per ounce, capping a rally that […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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, […]
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 […]