Gold Awaits US PPI and FOMC Minutes, Lacks Momentum
Gold Awaits US PPI and FOMC Minutes, Lacks Momentum On Tuesday, the Gold price (XAU/USD) remained in a narrow trading range, consolidating its rebound from a seven-month low around $1,810. It maintained a position just above the $1,850 level, lacking significant directional momentum as traders awaited fresh signals regarding the Federal Reserve’s intentions regarding rate […]
Federal Reserve Officials Weigh Pause Amid Yield Surge
Federal Reserve Officials Weigh Pause Amid Yield Surge Federal Reserve officials are carefully considering the need to pause their current rate-hike trajectory in light of the recent surge in yields. The tightening of financial conditions, driven by the rise in US Treasury yields, has prompted speculation that further increases in the benchmark interest rate may […]
Treasuries and Stocks Rally on Fed Comments
Treasuries and Stocks Rally on Fed Comments Financial markets witnessed a surge as Treasuries and Asian shares soared, driven by Federal Reserve comments that raised speculation about the central bank’s future actions. The two-year Treasury, sensitive to policy changes, experienced its most significant drop since August’s end. Simultaneously, the benchmark 10-year Treasury had its best […]
Which Currencies Can I Trade on the Forex Market?
The Forex market, with its staggering average daily turnover of $7.5 trillion, stands as the world’s largest financial market. It presents traders with a dynamic and exciting arena to capitalize on currency movements. Thus, in this blog post, we will delve into the world of Forex trading, exploring the range of currencies available and how […]
Dollar Gains Ground as Investors Seek Safe Havens Following Israel Attack
Dollar Gains Ground as Investors Seek Safe Havens Following Israel Attack Following a surprise attack by Hamas within Israel, the US dollar demonstrated strength against most of its primary counterparts, reflecting currency traders’ immediate response to the sudden Middle East conflict escalation. Renowned as a safe haven during turbulent periods, the US dollar saw a […]
USD/CAD Falters Near 1.3730; Eyes on US, Canada Jobs Data
USD/CAD Falters Near 1.3730; Eyes on US, Canada Jobs Data The USD/CAD pair is experiencing a slight dip in the vicinity of 1.3730 as market participants eagerly anticipate labor market data from the US and Canada. The US Dollar (USD) has been on a losing streak, which has led to the CAD’s current position. In […]
Nikkei Rises in Asian Trade; China, India on Holiday
Nikkei Rises in Asian Trade; China, India on Holiday Asian markets saw a slight increase on Monday, with the Nikkei in Japan rising by 0.55% to 32,025 points, and the Topix index also seeing a 0.45% increase. This comes amidst a relatively quiet trading day, with the stock markets in China, Hong Kong, and India […]
AUD Ends Winning Streak Amid RBA Policy Focus
AUD Ends Winning Streak Amid RBA Policy Focus The Australian Dollar (AUD) put anAUD Ends Winning Streak Amid RBA Policy Focus BOJ Debates Exiting Easy Policy, 10-Year JGBs Weaken Nikkei Rises in Asian Trade; China, India on Holiday end to its recent winning streak on Monday, marking the third consecutive day of losses. The AUD/USD […]
Which Forex Brokers Have the Best Leverage
When it comes to trading forex, leverage is a critical factor that can significantly impact your trading strategy and potential returns. For those seeking to maximize their trading power, high leverage can be a game-changer. In this blog, we’ll delve into the world of leverage and explore one of the best leverage brokers, Xtreamforex, known […]
Biden’s 5-Year Offshore Oil Plan: Historic Lease Sale Reduction, None in 2024
Biden’s 5-Year Offshore Oil Plan: Historic Lease Sale Reduction, None in 2024 The Biden administration’s forthcoming five-year plan for offshore oil and gas leasing breaks with tradition, featuring an unprecedented reduction in lease sales. According to insiders familiar with the matter, there will be no lease sales in 2024, and only three are planned for […]
Canadian Dollar Seeks Upside Against USD
Canadian Dollar Seeks Upside Against USD The Canadian Dollar (CAD) is currently making slight gains against the US Dollar (USD) as the Greenback takes a breather from its recent ascent. This subtle shift in the forex market is influenced by various factors, including the temporary stabilization of oil prices, which is a significant driver of […]
S&P 500 Bounces to $4,300, Yet September Ends in Losses
S&P 500 Bounces to $4,300, Yet September Ends in Losses The Standard & Poor’s (S&P) 500 index managed to regain some ground on Thursday, posting a respectable gain of nearly 0.60% and closing just below the critical $4,300.00 level. This positive momentum was mirrored by other major U.S. indices, with the Dow Jones Industrial Average […]
China’s Growth Target Uncertain as Economists Lower Forecasts
China’s Growth Target Uncertain as Economists Lower Forecasts China’s economic growth target of approximately 5% for this year is teetering on the edge, as indicated by the latest Bloomberg survey. The ongoing property crisis adds a layer of risk to achieving this target. According to a recent Bloomberg survey of 78 economists, the Chinese economy […]
AUD Holds Above Monthly Low Amid Strong Inflation Data
AUD Holds Above Monthly Low Amid Strong Inflation Data Despite robust inflation data from Australia, the Australian Dollar (AUD) is struggling to gain ground against the US Dollar (USD), as risk aversion and falling commodity prices hinder its ascent. The AUD/USD pair is hovering perilously close to its monthly low, and the dynamics at play […]
WTI Ends Three-Week Rally Below $90 Amid Fed’s Hawkish Stance and Strong USD
WTI Ends Three-Week Rally Below $90 Amid Fed’s Hawkish Stance and Strong USD WTI, the Western Texas Intermediate, has experienced a notable shift in its trajectory, marking a departure from its three-week winning streak. As of today, it hovers around the $89.25 mark, a decline that has caught the attention of investors. Several key factors […]
Government Shutdown May Halt Release of Key Economic Data
Government Shutdown May Halt Release of Key Economic Data The impending government shutdown, driven by funding issues, could lead to the indefinite suspension of crucial U.S. economic data publications. These reports, which hold immense significance for policymakers and investors, encompass key information such as employment and inflation figures. This disruption would encompass various government agencies, […]
US Yields Surge, Asia Stocks Fall Amid Fed’s Hawkish Stance
US Yields Surge, Asia Stocks Fall Amid Fed’s Hawkish Stance US Treasury yields hit a fresh 16-year high, reaching 4.552%, marking levels not seen since October 2007. This surge was driven by the Federal Reserve and other major central banks signaling that interest rates would remain elevated for an extended period. Consequently, the US dollar […]
Yen’s Decline Sparks Intervention Concerns; Dollar Dominates
Yen’s Decline Sparks Intervention Concerns; Dollar Dominates The decline of the yen has ignited concerns about potential interventions as the dollar continues to dominate the market. The yen is nearing a critical point of 150 per dollar, following the Bank of Japan’s decision to stick with its ultra-loose monetary policy. The decision by Governor Kazuo […]