NZD/USD higher after the larger than expected interest rate hike from the RBNZ
NZD/USD higher after the larger than expected interest rate hike from the RBNZ NZD: Food Price Index , It measures change in the price of food and food services purchased by households. JPY: Core Machinery Orders m/m, It measures change in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding […]
Stocks in the US fell in turbulent trade as the Federal Reserve announced a $95 billion monthly balance sheet reduction
Stocks in the US fell in turbulent trade as the Federal Reserve announced a $95 billion monthly balance sheet reduction In a bumpy trading day on Wednesday, US equities sank after minutes from the Federal Reserve’s most recent meeting revealed intentions to decrease its balance sheet by $95 billion each month. A total of $60 […]
In Asian markets, the XAU/USD bleeds out, falling below $1,920
In Asian markets, the XAU/USD bleeds out, falling below $1,920 The price of gold, XAU/USD, has been under pressure this week due to conflicting mood around the Ukraine issue against anticipation of a rapid-fire response from the Federal Reserve following last week’s Nonfarm Payrolls report. XAU/USD is down 0.26 percent at the time of writing, […]
Due to virus worries weigh on the S&P 500 and Dow, oil equities drive the indexes down
Due to virus worries weigh on the S&P 500 and Dow, oil equities drive the indexes down On Monday, the S&P and Dow indices fell from record highs as fears over mounting COVID-19 cases weighed on oil and other growth-sensitive industries. Energy stocks, which were down 1.2 percent, took the brunt of the selling as […]
Factory growth in the Euro zone slowed in March, Indicating downturn possibility
Factory growth in the Euro zone slowed in March, Indicating downturn possibility According to a study, manufacturing growth in the Eurozone slowed considerably last month as Russia’s invasion of Ukraine tightened supply chain bottlenecks, reduced demand, and shook confidence, while increasing energy costs prompted a broader price rise. The invasion’s uncertainty, combined with a […]
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 […]
UK house price growth is at a 17-year high
UK house price growth is at a 17-year high According to the mortgage lender, annual rise in house prices reached 14.3 percent in February, the fastest rate since November 2004. The cost of a typical UK home has hit a new record high of £265,312, up £33,000 in the last year, according to the report. […]
The US Dollar Index is testing 4-week lows at 97.70 ahead of data
The US Dollar Index is testing 4-week lows at 97.70 ahead of data The greenback has been under pressure this week, trading at multi-week lows of 97.70 when measured by the US Dollar Index (DXY) on Thursday. For the third session in a row, the index loses ground and trades at the 97.70 level, despite […]
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 […]
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 […]
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 […]
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 […]