Pressure on the Kiwi Persists with Recent Data Indicating Slowed Growth
Pressure on the Kiwi Persists with Recent Data Indicating Slowed Growth The start of the new week in global markets was notably subdued, lacking significant catalysts or news. This quietude follows a busy previous week filled with central bank meetings and important economic data from various developed nations. Last week’s key takeaway was the growing […]
Amid a Soaring Stock Market, India’s Consumer Stocks Gain 18% but Still Underperform
Amid a Soaring Stock Market, India’s Consumer Stocks Gain 18% but Still Underperform India’s booming economy is exhibiting a stark contrast between the ultra-wealthy and the middle class, a trend reflected in the stock market’s response to consumer and luxury goods. Despite impressive growth, consumer companies in sectors like toiletries and appliances are not keeping […]
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech
Australian Dollar Falls as US Dollar Strengthens, Attention on Fed Chair Powell’s Speech The Australian Dollar (AUD) faced a downturn for the second day in a row on Friday, influenced by the strengthening US Dollar (USD). This change in the currency market came in the wake of mixed signals from the US economic data. The […]
China Criticizes U.S. Subsidies and Tax Breaks for Local Chip Industry as Discriminatory
China Criticizes U.S. Subsidies and Tax Breaks for Local Chip Industry as Discriminatory China’s Ministry of Commerce (MOC) has recently expressed concerns over the United States’ approach to its domestic chip industry. The U.S. government has been actively supporting its chip sector with substantial subsidies and tax incentives, a move that, according to the MOC, […]
EUR/USD Stays Near 1.0860 as Market Awaits Fed Chair Powell’s Speech
EUR/USD Stays Near 1.0860 as Market Awaits Fed Chair Powell’s Speech During the early hours of Asian trading on Friday, the EUR/USD currency pair experienced a slight pullback, settling in the vicinity of 1.0860. This modest decline in the Euro against the US Dollar can be attributed to a strengthening US Dollar and an uptick […]
Central Bank Extravaganza Persists as SNB and BOE Take Center Stage Later Today
Central Bank Extravaganza Persists as SNB and BOE Take Center Stage Later Today Yesterday, after the Federal Open Market Committee (FOMC) meeting, it became clear that the Federal Reserve (Fed) might lower interest rates in June. The Fed’s projections, called dot plots, showed they might reduce rates by 75 basis points this year. Fed Chairman […]
Gold Price Nears One-Week Low, Vulnerable Due to Hawkish Fed Forecasts
Gold Price Nears One-Week Low, Vulnerable Due to Hawkish Fed Forecasts As the European trading session commences on Tuesday, the price of gold (XAU/USD) is encountering fresh selling pressure. The precious metal appears to be halting its modest overnight recovery from the $2,145 region, marking its lowest point in over a week. A key factor […]
China’s Bond Market Flourishes Amid Global ‘Asset Famine’ for Investors
China’s Bond Market Flourishes Amid Global ‘Asset Famine’ for Investors In an unprecedented trend, Chinese sovereign debt is experiencing a record-breaking surge, indicating a mix of low confidence in the country’s financial system and an excess of liquidity in the form of cash and bank deposits. The longer end of China’s bond market has seen […]
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth
China’s February New Bank Loans Decrease Beyond Expectations, Hitting Record Low Lending Growth In China, new bank lending in February experienced a sharper decline than anticipated from a record high in January, as the central bank continues efforts to stimulate the country’s sluggish economic growth and counter deflationary trends. According to Reuters’ calculations based on […]
Rightmove Reports Largest Increase in Property Listing Prices in 10 Months for March
Rightmove Reports Largest Increase in Property Listing Prices in 10 Months for March In March, average property asking prices in the UK experienced a 1.5% increase, reaching £368,118, as reported by Rightmove. This latest data, focusing on newly-listed homes, indicates a £13,000 rise since December. However, the average asking price remains £4,776 below the peak […]
EUR/JPY Rises, Awaits BoJ Rate Decision Below Mid-162.00s
EUR/JPY Rises, Awaits BoJ Rate Decision Below Mid-162.00s During the Asian trading session on Monday, the EUR/JPY currency pair exhibited a stronger performance, stabilizing below the mid-162.00s range. This market movement comes amidst growing investor speculation that the Bank of Japan (BoJ) might soon shift away from its long-standing ultra-dovish monetary policy. The anticipation is […]
USD/CHF Nears 0.8790 Amid Strong US Inflation
USD/CHF Nears 0.8790 Amid Strong US Inflation The US Treasury Secretary, Janet Louise Yellen, recently expressed her views on the future of interest rates in the United States, stating that it is unlikely they will return to the pre-pandemic lows. This observation was made in the context of discussing the interest rate assumptions in President […]
Australian Dollar Gains Support from Rising ASX 200 Despite Stronger US Dollar
Australian Dollar Gains Support from Rising ASX 200 Despite Stronger US Dollar The Australian Dollar (AUD) is showing signs of consolidation, hinting at a potential recovery from its recent losses as of Wednesday. This comes amidst mixed market signals, including a positive performance from the S&P/ASX 200 Index and contrasting pressures from lower commodity prices. […]
Gold Price Lingers Around Weekly Low, Supported by Speculation of June Fed Rate Cut
Gold Price Lingers Around Weekly Low, Supported by Speculation of June Fed Rate Cut During Wednesday’s Asian trading session, Gold prices (XAU/USD) experienced a slight uptick, recovering partially from the previous day’s downturn which saw it reach the weekly low near $2,150. This shift occurs amid a complex interplay of economic signals and market expectations, […]
GBP/JPY Falls Close to 188.70 Amid Rumors of Bank of Japan Mulling Rate Increase in March
GBP/JPY Falls Close to 188.70 Amid Rumors of Bank of Japan Mulling Rate Increase in March The GBP/JPY pair retraced its recent gains from Tuesday, declining to near 188.70 in the Asian trading session on Wednesday. This shift can be attributed to the strengthening of the Japanese Yen (JPY), spurred by market speculation about the […]
XRP Poised for Weekly Drop as Investors Pocket $370 Million in Profits
XRP Poised for Weekly Drop as Investors Pocket $370 Million in Profits The price of XRP, a popular altcoin, experienced a downturn, reaching $0.62 on Friday. Despite this drop, it managed to stay above the crucial $0.60 mark, a psychologically significant level for traders and investors. This recent price movement has been primarily attributed to […]
Biden Advocates for Increased Corporate Tax, Highlights Robust Economy in Major Address
Biden Advocates for Increased Corporate Tax, Highlights Robust Economy in Major Address In his State of the Union address, US President Joe Biden emphasized the need for increased corporate taxes, underscoring his commitment to reducing medication costs and enhancing housing affordability. This move comes as part of his efforts to address public concerns about the […]
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories
WTI Stabilizes Near $78.50 Following Recent Upsurge Due to Changes in US Crude Oil Inventories During the Asian trading hours on Thursday, the West Texas Intermediate (WTI) crude oil price experienced a slight decline, hovering around $78.50 per barrel. This movement follows a notable surge on Wednesday, primarily fueled by developments in the US crude […]