First Time in Over 2 Years: China’s Consumer Prices Experience a Drop
First Time in Over 2 Years: China’s Consumer Prices Experience a Drop China’s consumer prices have taken an unexpected turn, experiencing a notable decline for the first time in over two years. The latest official data released on Wednesday revealed a 0.3% drop in China’s consumer-price index (CPI) for the month of July compared to […]
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken
USD/CAD settles at 1.3350, a one-month high, as the Oil price and US Dollar weaken The USD/CAD currency pair has stabilized around the 1.3350 mark, a significant one-month high, in a volatile market landscape where key US economic data is keenly anticipated. This relative steadiness is due to a mix of contributing factors, including the […]
U.S. Stocks Rise as Market Awaits Fed Decision
U.S. Stocks Rise as Market Awaits Fed Decision On Tuesday, the U.S. stock market experienced a positive swing, with investors closely watching earnings reports and eagerly anticipating the outcome of the U.S. Federal Reserve’s interest rate decision. The Dow Jones Industrial Average, one of the key indices in the stock market, ended the day with […]
How to Use Stop Loss in Forex Trading
Online Forex trading has witnessed a surge in popularity, attracting individuals to the vast and dynamic market. However, navigating the volatility can be daunting, especially for beginners. A crucial aspect of successful online Forex trading lies in understanding and employing stop loss orders effectively. In this blog post, we will delve into the intricacies of […]
Optimism in Asian Stock Markets as Fed, ECB, and BoJ Meetings Loom; China’s Performance Lags Despite Stimulus Hopes
Optimism in Asian Stock Markets as Fed, ECB, and BoJ Meetings Loom; China’s Performance Lags Despite Stimulus Hopes Asian stock markets experienced a mixed start to the week, with Japan’s Nikkei 225 emerging as the top performer, soaring by nearly 1.5% fueled by robust quarterly earnings from major automotive manufacturers. The overall Japanese market sentiment […]
USD/JPY Crosses 140.20 Mark in Surge While Investors Anticipate BoJ Rate Decision
USD/JPY Crosses 140.20 Mark in Surge While Investors Anticipate BoJ Rate Decision During the European session on Friday, the USD/JPY pair demonstrated strong upward momentum, crossing the 140.20 mark. This surge in the exchange rate can be attributed to the diverging monetary policies pursued by the Bank of Japan (BoJ) and the Federal Reserve (Fed). […]
Asian Stock Traders Tread Cautiously Ahead of US Retail Sales Data
Asian Stock Traders Tread Cautiously Ahead of US Retail Sales Data As Tuesday unfolded, Asian stock traders navigated the markets with caution, displaying a predominantly negative sentiment across the region. One prevailing concern on their minds was China’s economic outlook, which cast shadows of uncertainty on the trading floors. Adding to their apprehension was the […]
US-China Resume Climate Talks, Vow Big Steps
US-China Resume Climate Talks, Vow Big Steps John Kerry, the US Climate Envoy, initiated his first significant climate discussions with Chinese officials in almost a year. Despite the profound tensions between the two superpowers, both sides committed to achieving practical results. Xie Zhenhua, China’s climate envoy, indicated on Monday that China is pursuing substantial dialogue […]
EUR/USD Volatility Rises Above 1.1200 Ahead of US Retail Sales
EUR/USD Volatility Rises Above 1.1200 Ahead of US Retail Sales As the anticipated US Retail Sales data for June looms, the EUR/USD pair has experienced a noticeable increase in volatility, crossing the significant 1.1200 threshold. This major currency pair has found a degree of stability as investors from around the globe eagerly await these crucial […]
China’s ability to implement monetary stimulus is limited as the yuan approaches a 15-year low
China’s ability to implement monetary stimulus is limited as the yuan approaches a 15-year low As China’s yuan edges closer to a 15-year low against the dollar, the country’s capacity to stimulate its struggling economy via monetary policies is increasingly constrained. In Shanghai, the yuan was trading at 7.244 against the dollar at the end […]
With recovering oil prices and a struggling US Dollar, USD/CAD is declining towards 1.3200 before Canada’s PMI
With recovering oil prices and a struggling US Dollar, USD/CAD is declining towards 1.3200 before Canada’s PMI Amid the recovery in oil prices and ongoing struggles of the US Dollar, the USD/CAD pair is experiencing a downward trend, moving towards the 1.3200 mark ahead of the release of Canada’s PMI. The USD/CAD has slid to […]
Japan’s Top Currency Diplomat Warns Against Weakening Yen
Japan’s Top Currency Diplomat Warns Against Weakening Yen Masato Kanda, Japan’s leading currency diplomat, has raised concerns over the weakening yen, asserting that Japan will contemplate all possible measures to address excessive currency fluctuations. Kanda stressed the importance of stable currency movements that mirror economic fundamentals, as the yen recently depreciated beyond ¥143 against the […]
Inflation and Recession Worries Take Center Stage This Week
Inflation and Recession Worries Take Center Stage This Week US The US Federal Reserve (Fed) is anticipated to end its rate-hiking campaign shortly. Attention will turn to Personal Consumption Expenditures (PCE) readings, hoping for a decline in inflation. A decrease in inflation may boost swap futures’ confidence in one more Fed rate hike. Wall Street […]
German Economy Slows in June as Businesses Encounter Weakening Demand Conditions
German Economy Slows in June as Businesses Encounter Weakening Demand Conditions The German economy experienced a marked loss of momentum during the latter part of the second quarter, according to the latest ‘flash’ PMI survey conducted by Hamburg Commercial Bank. Weakening demand conditions led to a significant slowdown in business activity growth, while company expectations […]
Dollar Exhibits Initial Indications of Bottoming
Dollar Exhibits Initial Indications of Bottoming Yesterday, several central banks, including the Bank of England, Norges Bank, Swiss National Bank, and the Central Bank of Turkey, took center stage as they grappled with higher-than-expected inflation. This inflation surge was partly due to a robust job market driving increased demand. Interestingly, even with more substantial interest […]
Trade Deficit in New Zealand Grows Despite Boost in China Exports
Trade Deficit in New Zealand Grows Despite Boost in China Exports Despite a boost in exports to China, New Zealand’s trade deficit broadened in May. The deficit increased from NZ$17.02 billion to NZ$17.12 billion, falling just short of economists’ prediction of NZ$17.24 billion. Concurrently, the monthly trade surplus shrank from NZ$236 million to NZ$46 million. […]
RBA Minutes Less Hawkish Than Expected, For Now
RBA Minutes Less Hawkish Than Expected, For Now The Board sees increased inflation risks while recognizing prospect of weakening economy. And rising unemployment rate. The Minutes from the Reserve Bank Board’s meeting in June provide a more balanced approach to the outlook for rates than we saw in the Governor’s statement following the decision to […]
Dollar in demand as modest China rate cut hits sentiment
Dollar in demand as modest China rate cut hits sentiment The U.S. dollar gained in early European trade Tuesday, with this safe haven in demand as a rate cut by China’s central bank failed to assuage investor concerns over slowing economic growth. At 01:55 ET (05:55 GMT), the Dollar Index, which tracks the greenback against […]