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 […]
GBP/JPY recovers from 160.00 as the BOJ blames rising commodity prices for the yen’s weakness
GBP/JPY recovers from 160.00 as the BOJ blames rising commodity prices for the yen’s weakness The GBP/JPY pair has received some considerable offers at 159.50 amid widespread selling in the Japanese yen as a result of the Bank of Japan’s unlimited bond-purchase program me (BOJ). The cross is soaring, having risen over 0.7 percent on […]
The Dow & S&P 500 finish down after 4 days of gains as Russia attacks Ukraine
The Dow & S&P 500 finish down after 4 days of gains as Russia attacks Ukraine The Dow and S&P 500 both dipped on Wednesday, ending four-session winning streaks, on dwindling prospects of progress in peace talks between Ukraine and Russia, against a backdrop of a hawkish Federal Reserve stifling economic development. A day after […]
XAU/USD pair remains bullish as the US currency continues to fall
XAU/USD pair remains bullish as the US currency continues to fall The gold price is rising as the US currency and US yields fall. The 10-year yield is down almost 2% on the day, while the DXY index, which measures the US dollar against a basket of currencies, is down about 0.3 percent at the […]
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 […]
GBP/USD falls from 1.3080 as the DXY declines on improved risk appetite
GBP/USD falls from 1.3080 as the DXY declines on improved risk appetite The GBP/USD pair has seen some hefty bids at 1.3080 as investors’ risk appetite improves and risk-perceived assets acquire more demand. Previously, the cable underperformed despite the Bank of England’s tightening monetary policies (BOE). To counteract rising inflation, the Bank of England raised […]
Oil exports from the United States are increasing, pushing fuel away from storage hubs
Oil exports from the United States are increasing, pushing fuel away from storage hubs Following Russia’s invasion of Ukraine, US oil exports have increased, and barrels of domestic oil that would normally go to the Cushing, Oklahoma, storage center are now being shipped via the Gulf Coast, dealers said. The invasion shook the oil market, […]
The NZD/USD is in command as the US dollar strengthens
The NZD/USD is in command as the US dollar strengthens NZD/USD is trading 0.23 percent down on the day at 0.6944, having fallen from a high of 0.6963. The US dollar is up in the morning after posting its sixth weekly rise in the last seven. The DXY index, which measures the US dollar against […]
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 […]
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 […]
Options traders see the stock rally as an opportunity to buy downside protection
Options traders see the stock rally as an opportunity to buy downside protection Risk appetite has returned to Wall Street following a nasty start to the year, but some experts caution that the respite in volatility may be fleeting and encourage investors to be wary of more stock market gyrations. The Cboe Volatility Index, which […]
XAU/USD maintains small advances near $1,925, but lacks follow-through
XAU/USD maintains small advances near $1,925, but lacks follow-through Gold crept up in the early hours of Monday trade, but there was little follow-through purchasing or strong positive confidence. There appears to be no end in sight to Ukraine’s prolonged conflict, which has rejected Russia’s offers to hand up the port city of Mariupol. The […]
Stocks are in a downbeat mood, and oil prices are rising again
On Monday, stock markets were gloomy as violence in Ukraine went on with little indication of abating, leaving investors grasping at hope for an eventual peace settlement, while oil prices rose again as supplies remained tight. On Sunday, Turkey’s foreign minister stated that Russia and Ukraine were close to reaching an agreement on “important” matters […]
With all eyes on the Xi-Biden negotiations, the AUD/USD remains under pressure approaching 0.7350
With all eyes on the Xi-Biden negotiations, the AUD/USD remains under pressure approaching 0.7350 The AUD/USD broke a three-day rally from a monthly low during Friday’s Asian session, and is now trading at the intraday low of 0.7370. In doing so, the Aussie pair reflects the market’s trepidation ahead of a crucial phone conference between […]
USA economy is flexing its might, with unemployment benefit numbers at a 52-year low and industries humming
USA economy is flexing its might, with unemployment benefit numbers at a 52-year low and industries humming The number of Americans filing new jobless claims declined last week as labour demand remained robust, putting the economy on track for another month of healthy job gains. In early March, unemployment benefit rolls were the fewest in […]
The USD/CNH remains under pressure at $6.3600 as China news joins the continuing of Ukraine-Russia discussions
The USD/CNH remains under pressure at $6.3600 as China news joins the continuing of Ukraine-Russia discussions USD/CNH is down for the third day in a row after reversing from a five-month high and the 200-day moving average. Nonetheless, the price shows minor losses around the 6.3600 mark during Thursday’s Asian session. The offshore Chinese yuan […]
The dollar is nearing a five-year high against the yen ahead of the Fed, while the Australian dollar is weak due to China concerns
The dollar is nearing a five-year high against the yen ahead of the Fed, while the Australian dollar is weak due to China concerns On Wednesday, the dollar traded near a five-year high against the yen as investors awaited a Federal Reserve policy decision against the backdrop of the Ukraine war and China’s surging COVID-19 […]