ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD
ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD AUD: AIG Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. NZD: Building Consents m/m, it measures change in the number of new building approvals issued. JPY: Tokyo Core CPI y/y, it measures change in the price of goods and services […]
Japanese Yen Update – USD/JPY/GBP/EUR Struggles Despite Record BoJ Bond Buying
Japanese Yen Update – USD/JPY/GBP/EUR Struggles Despite Record BoJ Bond Buying JPY: BOJ Core CPI y/y, it measures change in the price of goods and services purchased by consumers, excluding food and energy. EUR: German GfK Consumer Climate, it measures level of a composite index based on surveyed consumers. EUR: ECB President Lagarde Speaks, As […]
USD/JPY eyes downside below 135.00 as DXY weakens, US Durable Goods Orders eyed
USD/JPY eyes downside below 135.00 as DXY weakens, US Durable Goods Orders eyed JPY: BOJ Summary of Opinions, It’s the primary tool the BOJ uses to communicate their economic and monetary projections to investors. USD: Core Durable Goods Orders m/m, It’s a leading indicator of production – rising purchase orders signal that manufacturers will increase […]
Gold prices are declining as the Fed maintains its aggressive policy stance
Gold prices are declining as the Fed maintains its aggressive policy stance On Thursday, gold prices fell, with some investors profiting after minutes from a US Federal Reserve policy meeting revealed that the central bank was likely to maintain its interest-rate hikes. The price of spot gold fell 0.1 percent to $1,851.57 per ounce. Gold […]
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target Despite the bearish opening gap on Monday, the EUR/JPY has been following the primary component of Dow Theory by remaining above Friday’s low of 128.73. The cross continues to form the higher high and higher low structure, but […]
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 […]
The NASDAQ has suffered its worst loss since 2020
The NASDAQ has suffered its worst loss since 2020 Sectors on Wall Street finished broadly lower on Tuesday, led down by steep drops in Big Tech stocks, which sent the NASDAQ to its lowest level since September 2020. Investors are busy analyzing the latest round of corporate earnings, with some of the country’s largest corporations […]
On the Ukraine situation worsens, oil prices climb due to supply concerns
On the Ukraine situation worsens, oil prices climb due to supply concerns Oil prices increased on Monday as fears of tighter global supply grew, with the developing crisis in Ukraine raising the risk of more penalties from the West against Russia, the world’s leading exporter. Brent futures were up $1.50, or 1.3 percent, at […]
Crude oil falls, but it is on track for strong weekly gains
Crude oil falls, but it is on track for strong weekly gains After the revelation of a larger-than-expected rise in US oil stockpiles, oil prices dropped Thursday, giving back some of the week’s high gains in weak holiday-affected trade.US crude prices were 1.6 percent down at $102.62 per barrel, while Brent futures were 1.5 percent […]
Dollar Down, Below 100-Mark as U.S. Yields Ease
Dollar Down, Below 100-Mark as U.S. Yields Ease NZD: Performance of Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers GBP: RICS House Price Balance, it measures level of a diffusion index based on surveyed property surveyors. AUD: MI Inflation Expectations, it measures Percentage that consumers expect the price of goods […]
XAUUSD pressuring the bears near daily resistance ahead of ECB
XAUUSD pressuring the bears near daily resistance ahead of ECB The gold price (XAUUSD) is striving to rise and is approaching the recent highs set on Wednesday at $1,980. The US dollar is behind on Thursday after dipping overnight as US rates stopped their advance, providing some comfort to the FX market as investors await […]
Asian stocks are being tracked. Wall Street rises as US yields level off
Asian stocks are being tracked. Wall Street rises as US yields level off On Thursday, Asian equities rose in tandem with Wall Street, but U.S. Treasury yields remained stable and the dollar fell, as recent U.S. data increased confidence that inflation is nearing a peak, despite the fact that several major central banks hiked rates […]
OPEC Reduces Global Oil Demand Growth Forecast Due to Russia-Ukraine Conflict
OPEC Reduces Global Oil Demand Growth Forecast Due to Russia-Ukraine Conflict The Organization of Petroleum Exporting Countries (OPEC) lowered its prediction for global oil demand growth in 2022 on Tuesday, citing the impact of Russia’s invasion of Ukraine, growing inflation as crude prices rise, and the recurrence of the Omicron coronavirus variety in China. In […]
Market News: EUR/USD, GBP/USD, AUD/USD, NZD/JPY
Market News: EUR/USD, GBP/USD, AUD/USD, NZD/JPY NZD: International Travel and Migration, it measures change in the number of short-term overseas visitors who arrived in the country GBP: Like-for-like Retail Sales, it measures change in the value of same-store sales at the retail level. JPY: Bank Lending, it measures change in the total value of outstanding […]
As Treasury rates climb, gold prices end lower
As Treasury rates climb, gold prices end lower Gold prices fell in range-bound trading on Monday, as rising Treasury rates bolstered the dollar and offset support from the Ukraine crisis, while palladium gained following London’s move to halt trade of the metal from Russia. By 0730 GMT, spot gold was down 0.2 percent at $1,942.85 […]
GBPUSD, XAUUSD Remains under pressure
GBPUSD, XAUUSD Remains under pressure Ongoing turns of events and remarks from bank authorities – as opposed to the inexorably hawkish Fed – presently highlight extremely restricted GBP potential gain based on domestic drivers. The UK’s typical cost for many everyday items emergency, with genuine dispensable salaries set to decline this year by the most […]
Market News: EUR/USD, GBP/USD, AUD/USD, CNY/JPY
Market News: EUR/USD, GBP/USD, AUD/USD, CNY/JPY Time 04:30 AM GMT+3 CNY: CPI (Consumer Price Index) , It measures change in the price of goods and services purchased by consumers. Time 04:30 AM GMT+3 CNY: PPI (Producer Price Index), It measures change in the price of goods purchased and sold by producers. Time 09:00 AM GMT+3 […]
EURUSD Under Pressure due to French Presidential Election
EURUSD Under Pressure due to French Presidential Election Campaigning in the French presidential race closes tonight as far-right candidate Marine Le Pen unfurled to tropical the gap on Emmanuel Macron. President Macron’s ubiquity is slipping this morning with a stun survey by a Brazilian firm placing Le Pen superiority of the incumbent throne of state. […]