Upcoming Market Updates: NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, AUD, EUR, USD NZD: ANZ Business Confidence, it measures level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: Import Prices q/q, it measures change in the price of goods purchased by importers. AUD: Retail Sales m/m, it measures change in the total value […]
Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD
Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: GfK Consumer Confidence, it […]
Gold Prices Approach Potential Support as US Dollar
Gold Prices Approach Potential Support as US Dollar NZD: Visitor Arrivals m/m, it measures change in the number of short-term overseas visitors who arrived in the country. GBP: BRC Retail Sales Monitor y/y, it measures change in the value of same-store sales at the retail level. JPY: PPI y/y, it measures change in the price […]
What a bear market means for traders
What a bear market means for traders Beginning From 2022, global stock suffered very badly after the pandemic. The market was running in straight line for twenty months. Financial market cracks began to appear in November 2021 NASDAQ fell after nothing a succession of record high. S&P 500 had registered many high records. Since then […]
XAUUSD pressuring the bears near daily resistance ahead of ECB
XAUUSD pressuring the bears near daily resistance ahead of ECB The gold price (XAUUSD) is striving to rise and is approaching the recent highs set on Wednesday at $1,980. The US dollar is behind on Thursday after dipping overnight as US rates stopped their advance, providing some comfort to the FX market as investors await […]
Asian stocks are being tracked. Wall Street rises as US yields level off
Asian stocks are being tracked. Wall Street rises as US yields level off On Thursday, Asian equities rose in tandem with Wall Street, but U.S. Treasury yields remained stable and the dollar fell, as recent U.S. data increased confidence that inflation is nearing a peak, despite the fact that several major central banks hiked rates […]
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 […]
Imports of fuel oil from Latin America surge ahead of Russia’s planned reduction
Imports of fuel oil from Latin America surge ahead of Russia’s planned reduction According to customs statistics, record amounts of fuel oil from Latin America arrived in the United States in March, as refiners sought alternatives to Russian feed stocks ahead of Washington’s April 22 deadline to cease Russian oil imports. Last month, US Gulf […]
The Inversion of a Major Yield Curve Slice in the U.S.A Signals the Start of a Recession
On Tuesday, a carefully watched part of the US Treasury yield curve inverted for the first time since September 2019, reflecting market fears that the Federal Reserve may push the economy into recession as it confronts growing inflation. For a brief while, the two-year Treasury note yielded more than the benchmark 10-year note. Many people […]
By 2025, Deutsche Bank wants to invest 200 billion euros in sustainable projects
By 2025, Deutsche Bank wants to invest 200 billion euros in sustainable projects By 2025, Deutsche Bank DBKGn.DE intends to invest at least 200 billion euros ($216.8 billion) in so-called sustainable financing and investments, marking the bank’s first public targets in this area. The funds will come from bank loans, bonds made on behalf […]
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, […]
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 […]
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, […]
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 […]
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 […]