Higher US bond yields and the USD halted Wall Street
Higher US bond yields and the USD halted Wall Street Higher US bond yields and a stronger USD dragged down Wall Street futures on Monday. Higher bond yields, i.e. higher borrowing costs, are generally negative for corporate profitability, whereas a stronger dollar is unfavourable for export-oriented US MNCs, particularly tech companies. After a slight reversal […]
Oil prices starting to fall as EU tries for Russia import ban
Oil prices starting to fall as EU tries for Russia import ban Oil prices fell in early Asian trade on Tuesday as the European Union’s efforts to establish a ban on Russian oil imports, which would reduce global supply, were met with opposition from Hungary. At 0004 GMT, Brent crude prices were down 35 cents, […]
Gold falls as rates rise ahead of the Fed’s rate hike decision
Gold falls as rates rise ahead of the Fed’s rate hike decision Gold prices dropped on Wednesday as increased US Treasury rates and the Federal Reserve’s anticipated interest rate rise announcement dampened demand for zero-yield metal. As of 0217 GMT, spot gold was down 0.3 percent at $1,862.48 per ounce. Gold futures in the United […]
Gold is near a two-month low due to a stronger dollar & the possibility of a rate hike in U.S.A
Gold is near a two-month low due to a stronger dollar & the possibility of a rate hike in U.S.A In Asia on Thursday morning, gold was down, hitting a two-month low. The yellow metal’s demand was harmed by a rising dollar and the prospect of a rate hike in the United States weakened […]
EUR/USD price weakening return to 1.0700 region
EUR/USD price weakening return to 1.0700 region EUR/USD’s price activity shows further weakening and returns to the sub-1.0700 region, opening the entryway simultaneously to an expected visit to the 2020 low in the 1.0630 zone in the near future. The standpoint for the pair actually stays shifted towards the bearish side. Incidental pockets of […]
On aggressive Fed comments, XAUUSD revives briefly from $1,900, but expects downside to $1,880
On aggressive Fed comments, XAUUSD revives briefly from $1,900, but expects downside to $1,880 After a massive negative move, gold (XAU/USD) is showing a dead cat bounce around approximately $1,900. After failing to hold above the round level support of $1,950.00 last week, the precious metal has seen a sharp sell-off. One thing to keep […]
To jubilant applause and suspicions of a ‘free speech’ scheme, Musk acquires Twitter for $44 billion
To jubilant applause and suspicions of a ‘free speech’ scheme, Musk acquires Twitter for $44 billion On Monday, Elon Musk agreed to buy Twitter Inc for $44 billion in cash, transferring ownership of the social media network used by millions of people and world leaders to the world’s richest person. It’s a watershed moment […]
On Sunday, stock futures fell as Wall Street prepared for a hectic results week
On Sunday, stock futures fell as Wall Street prepared for a hectic results week As investors pondered the probability of higher interest rates, U.S. stock futures dipped on Sunday night, snapping a four-week losing skid for the Dow Jones Industrial Average. Wall Street is also anticipating a busy week of earnings, which will include […]
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 […]
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives On Thursday night, U.S. stock futures were barely changed after the main averages made a late-day recovery as investors assessed the chances of the Federal Reserve tightening monetary policy to battle inflation. Futures for the Dow Jones Industrial Average […]
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 […]
On the back of weak GDP data, the USD/JPY reclaims a three-week high of 115.90
On the back of weak GDP data, the USD/JPY reclaims a three-week high of 115.90 The USD/JPY pair has seen a juggernaut rally from its March 4 low of 114.65 to reclaim its three-week-old resistance at 115.90. The pair has extended its rally after Japan’s Gross Domestic Product (GDP) figures came in below expectations. […]
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, […]
The withdrawal of Western companies from Russia is expected to accelerate
The withdrawal of Western companies from Russia is expected to accelerate More Western corporations and investors are expected to leave Russia on Tuesday, following in the footsteps of energy firms BP and Shell, which abandoned multibillion-dollar positions following the invasion of Ukraine. Leading banks, airlines, automakers, and other companies have reduced shipments, terminated partnerships, and […]
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 […]
Oil costs hold consistent as Russia-Ukraine pressures cool
Oil costs hold consistent as Russia-Ukraine pressures cool Oil costs steadied on Wednesday subsequent to withdrawing over 3% in the past meeting as financial backers checked the effect of facilitating Russia-Ukraine strain against a rigid harmony between close worldwide supplies and recuperating fuel interest. Brent exchanged at $93.19 a barrel at 0253 GMT, down dime, […]
Japan’s economy recovers on strong spending, Omicron outlook dim
Japan’s economy recovers on strong spending, Omicron outlook dim Japan`s financial system rebounded within side the very last 3 months of 2021 as falling coronavirus instances helped prop up consumption, aleven though growing uncooked fabric charges and a spike in new Omicron variation infections cloud the outlook. Bank of Japan Governor Haruhiko Kuroda additionally highlighted […]
Yields climb as CPI data, Bullard remarks increase Fed hike views
Yields climb as CPI data, Bullard remarks increase Fed hike views U.S. Treasury yields rose on Thursday, with the benchmark 10-yr U.S. Treasury hitting 2% for the primary time seeing that August 2019 after a higher-than-predicted inflation analyzing and feedback from a Federal Reserve legitimate strengthened expectancies the relevant financial institution will pass to fight […]