The Dow is down more than 400 points, and the Nasdaq is down 2.2 percent, as Treasury rates continue to rise
The Dow is down more than 400 points, and the Nasdaq is down 2.2 percent, as Treasury rates continue to rise Investors continued to mull over the ramifications of the Federal Reserve’s probable half-point rate rise in May, as well as a more fast liquidation of the central bank’s balance sheet than in the past, […]
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 […]
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 […]
Xtreamforex Fundamental Market Analysis 8 April 2022
Xtreamforex Fundamental Market Analysis 8 April 2022 Euro’s selloff from last Thursday’s high at 1.1184 to 1.0866 in New York yesterday on unfurled with USD’s solidarity, then present break there in Asia proposes revision from March’s 22-month base at 1.0807 has finished and bearishness stays for re-trial of said support, break expected to stretch out […]
Market News: EUR/USD, GBP/USD, AUD/USD, USD/JPY
JPY:- Adjusted Current Account, it measures Difference in value between imported and exported goods, services, income flows, and unilateral transfers during the reported month. Forecast 0.27T AUD:- RBA Financial Stability Review, It’s an assessment of conditions in the financial system and potential risks to financial stability – the evidence on strains and imbalances can provide […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY AUD: AIG Services Index, Survey of about 200 service-based companies which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories AUD: Trade Balance, it measures difference in value between imported and exported goods and services […]
Energy sanctions are being considered by the EU as a response to Russia’s war crimes in Ukraine
Energy sanctions are being considered by the EU as a response to Russia’s war crimes in Ukraine The European Union denounced the massacre of innocent citizens by Russian soldiers as they retreated from Ukrainian cities on Monday, threatening a fresh round of harsh measures on Russia in the coming days, including possible sanctions against Russia’s […]
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, […]
As the RBA approaches amid China’s lockdowns, the AUD/USD chart shows bullish potential
As the RBA approaches amid China’s lockdowns, the AUD/USD chart shows bullish potential The Asian markets will start the week with an eye on Australia’s interest rate announcement tomorrow. The Reserve Bank of Australia (RBA) is likely to maintain its current interest rate of 0.1 percent, although expectations for a raise in the second […]
XAU/USD is flirting with a significant daily golden ratio of 61.8 percent
XAU/USD is flirting with a significant daily golden ratio of 61.8 percent At $1,935, the gold price is a tad lower at the start of the week’s last day, down around 0.1 percent. So far, the yellow metal has ranged from a high of $1,937.92 to a low of $1,932.56. Overnight, the precious metal was […]
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 […]
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 the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price
As the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price For the third day in a row, gold (XAU/USD) has been in the lead, with bids at $1,963 at press time in Friday’s Asian session. The previous day, amid rising anxiety over the Ukraine-Russia confrontation, the yellow […]
The EUR/USD is once again under pressure as Asia takes over the baton
The EUR/USD is once again under pressure as Asia takes over the baton EUR/USD is down 0.13 percent, having fallen from a top of 1.1013 to a low of 1.0982 thus far. The US dollar rose on Wednesday as oil prices rose again, with US President Joe Biden set to announce more sanctions against Russia […]
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 […]