CPI Hits Another Four-Decade High USD rises.
CPI Hits Another Four-Decade High USD rises USD rises as CPI hits another four decade high, data shows the headline consumer inflation accelerated once again in June to the highest level since 1981,US consumer inflation hit the high of 41 years and beat the forecast, 9.1% in June against 8.6% one month earlier and expected […]
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD
Upcoming Market Updates : GBP,AUD,JPY,EUR, CHF,CAD,USD Time 02:01 AM GMT+3 GBP: RICS House Price Balance, it measures level of a diffusion index based on surveyed property surveyors. Time 04:00 AM GMT+3 AUD: MI Inflation Expectations, it measures percentage that consumers expect the price of goods and services to change during the next 12 months. Time […]
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD
Upcoming Market Updates : NZD, EUR, GBP, USD, CAD Time 01:45 AM GMT+3 NZD: FPI m/m, it measures change in the price of food and food services purchased by households. Time 05:00 AM GMT+3 NZD: Official Cash Rate, it measures interest rate at which banks lend balances held at the RBNZ to other banks […]
Euro above parity by a thread
Euro above parity by a thread It looks like July 2022 could be a memorable month for euro, but unfortunately not for the right reasons. EUR/USD is within a risk of dropping below parity with USD since 2002, at that time EUR was just three years old. In North American session, EUR/USD is trading at […]
Gold Prices Approach Potential Support as US Dollar
Gold Prices Approach Potential Support as US Dollar NZD: Visitor Arrivals m/m, it measures change in the number of short-term overseas visitors who arrived in the country. GBP: BRC Retail Sales Monitor y/y, it measures change in the value of same-store sales at the retail level. JPY: PPI y/y, it measures change in the price […]
NZDUSD, What’s(expected) next for this pair
NZDUSD, What’s(expected) next for this pair Wednesday the 13th July, the Reserve Bank of New Zealand is expecting the increase of cash rate to 2.5% by increasing the cash rate by 50 points. For the first time in past 2 years NZDUSD finished below .6200. The cause of the fall of NZDUSD is global fears […]
USD/JPY oversteps 137.00 as odds of further divergence in Fed-BOJ policy escalate
USD/JPY oversteps 137.00 as odds of further divergence in Fed-BOJ policy escalate 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 ships and utilities. JPY: M2 Money Stock y/y, it measures change in the total quantity of domestic currency in […]
UK PM Boris Johnson says he will resign
UK PM Boris Johnson says he will resign After several of high profile cabinet member. Resigned, PM Boris said he will resign from his current positions, until the new leader, who will take place on. Next month till than he will stay on his current position. On press conference Boris said he will step down […]
Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF, USD/GBP
Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF, USD/GBP AUD: AIG Services Index, it measures level of a diffusion index based on surveyed service-based companies. AUD: Trade Balance, it measures difference in value between imported and exported goods and services during the reported month. JPY: 30-y Bond Auction, it measures average yield on a 30-year bond […]
Long EUR/GBP AUD/USD- Interest Rate Differentials and Market Pricing
Long EUR/GBP AUD/USD- Interest Rate Differentials and Market Pricing AUD: Retail Sales m/m, it measures change in the total value of sales at the retail level. JPY: 10-y Bond Auction, it measures average yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction. AUD: Cash Rate, it measures interest […]
Australian Dollar Under Pressure as Technical Levels Are in View. Where to for AUD/USD?
Australian Dollar Under Pressure as Technical Levels Are in View. Where to for AUD/USD? JPY: Monetary Base y/y, it measures change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ. AUD: MI Inflation Gauge m/m, it measures change in the price of goods and services purchased by […]
Worst Quarter for Metals Cap since 2008 due to Global Recession
Worst Quarter for Metals Cap since 2008 due to Global Recession Base metals experienced their greatest quarterly decline since the global financial crisis of 2008 as worries about a worldwide recession increased and China’s economy very slowly recovered. Although the decrease has been accentuated by price spikes that month as a result of Russia’s invasion […]
In the first half, US stocks fell by the most since more than 50 years
In the first half, US stocks fell by the most since more than 50 years The first half of the year for US stocks was the worst in more than 50 years as a result of a collapse that was started by the Federal Reserve’s attempt to stop persistent inflation and accelerated by growing fears […]
Oil declines 2% as fuel supplies and output rise in U.S.A
Oil declines 2% as fuel supplies and output rise in U.S.A On Wednesday, oil prices fell by around 2% as concerns about a shortage of crude oil were somewhat offset by an increase in gasoline and distillate stocks in the United States and concerns about weaker global economic growth. Brent futures for August delivery decreased […]
U.S. stocks fail to change much as the quarter end approaches
U.S. stocks failed to change much as the quarter end approaches As investors analyzed remarks made by central bankers at a panel in Europe and anticipated more quarterly profit reports, U.S. stocks ended the day with no movement. On Wednesday, the Dow Jones Industrial Average rose 82.32 points, or 0.3%, to 31029.31. The NASDAQ Composite […]
Decline from June High Mirrors Price Action from May
GBP: BRC Shop Price Index y/y, it measures change in the price of goods purchased at BRC-member retail stores. JPY: Retail Sales y/y, it measures change in the total value of sales at the retail level. AUD: Retail Sales m/m, it measures change in the total value of sales at the retail level. JPY: Consumer […]
Over the past 24 hours, crude oil prices increased while gold prices decreased
Over the past 24 hours, crude oil prices increased while gold prices decreased Over the past 24 hours, gold prices have been trending marginally lower as crude oil prices managed to end the day positively. An increase in the US dollar, which resulted from risk aversion as the tech-heavy Nasdaq 100 fell more than 3 […]
Stocks drop following poor consumer confidence reading
Stocks drop following poor consumer confidence reading As investors analyzed new economic data in search of hints regarding the rate of monetary policy tightening, U.S. stocks declined on Tuesday, giving up early gains and sliding for a second straight day. To reach 30946.99, the Dow Jones Industrial Average fell 491.27 points, or 1.6 percent. Earlier […]