US Federal Reserve plans to raise interest rates from March to ease inflation
US Federal Reserve plans to raise interest rates from March to ease inflation Behave as instantaneously demanding situations for the threat urge for food and the USD/JPY pair. “Japan`s each day remember of latest COVID-19 instances hit but any other report of over 70,000 on Wednesday because the extra transmissible Omicron variation keeps its fast […]
XAU/USD is in a bullish zone near the key $1,850 level
XAU/USD is in a bullish zone near the key $1,850 level Gold (XAU/USD) remains in bullish territory near the psychological $1,850 level as the market awaits key Federal Reserve results during today’s midday New York session. On the other hand, the US dollar is under pressure to test the resilience of the 96 figure in […]
The crypto gold standard statement is fading fast
The crypto gold standard statement is fading fast The volatility of US-focused financial markets has made at least one point clear: bitcoin is not a “digital gold” or a “store of value,” just two major assertions being made. out about cryptocurrency when its price is rising. At $37,000, late Tuesday afternoon, bitcoin is down 22% […]
NZD/USD hit by a toxic cocktail with risk themes
NZD/USD hit by a toxic cocktail with risk themes Down around 0.15%, NZD/USD is currently trading near 0.6690 and is moving between a low of 0.6670 and a high of 0.6709. Escalating tensions between Russia and Ukraine became the driving force as investors pounced on the Federal Reserve on Wednesday, As a result, the S&P […]
USD/JPY renews weekly lows below 114.00 as profits drop, BOJ Minute
USD/JPY renews weekly lows below 114.00 as profits drop, BOJ Minute USD/JPY remains down for the third day in a row, down 0.30% on the day around 113.85 when Tokyo opens on Friday. The yen pair depicts market risk aversion while tracking falling Treasury yields and equities. Concerns about a hawkish appearance by the US […]
GBP/USD: UK policy is in the driver’s seat, BoE also center of attention
GBP/USD: UK policy is in the driver’s seat, BoE also center of attention GBP/USD has been fairly steady on the day so far in a quiet start to the week following a significant correction on Friday with demand for the US Dollar, which has been heavily bid at the start of the year. So far, […]
XAU/USD bulls point to further US dollar weakness
XAU/USD bulls point to further US dollar weakness Potential catalysts for the day ahead will come during the US session with New York Fed President John Williams and retail sales in the United States. The Fed will then enter a shutdown until its next interest rate decision later this month. This makes the US data […]
EUR/USD swings between 1.1400 as ECB-Fed fight intensifies after US inflation
EUR/USD swings between 1.1400 as ECB-Fed fight intensifies after US inflation EUR/USD is balanced around the highest level since mid-November early Thursday morning in Europe. Major currency pairs made the biggest jump in 5 weeks the previous day as the US dollar fell to multi-day lows as inflation data matched expectations, causing market challenges causing […]
Consumer prices in the United States are growing at their fastest rate in nearly 40 years
Consumer prices in the United States are growing at their fastest rate in nearly 40 years High demand and tight supply of key commodities such as autos are driving the rise, prompting policymakers to act. The US central bank is expected to raise interest rates this year. Rising borrowing costs are aimed at reducing demand […]
USA T-bond yields, S&P 500 Futures portray pre-Inflation anxiety
USA T-bond yields, S&P 500 Futures portray pre-Inflation anxiety Global markets began to slow on Wednesday as key US inflation cautious sentiment probed earlier optimism fueled by US Federal Reserve Chairman Jerome Powell. The risk appetite also defies concerns about the coronavirus with links to South Africa, specifically Omicron, as well as CPI/PPI data from […]
AUD / USD approaches 0.7200 as risk sentiment joins Australian mixed data
AUD / USD approaches 0.7200 as risk sentiment joins Australian mixed data The AUD / USD hit a daily high near 0.7185 as mixed data at home added to the market’s cautious optimism to challenge immediate action early on Tuesday. 4,444 Australia’s retail sales exceeded expectations of 3.9%, 4.9% exceeded 7.3% MoM and the trade […]
USD/JPY remains sluggish around 115.50 amid Japan decline
USD/JPY remains sluggish around 115.50 amid Japan decline USD/JPY is hovering around 115.60 as holidays in Japan and lack of major data/events limited the pair’s move during Monday’s Asian session. Besides the lack of domestic companies, which are key to the global bond market, mixed concerns about the next move by the Fed and the […]
XAG/USD: As actual yields rise, silver`s collectable attraction can also suffer
XAG/USD: As actual yields rise, silver`s collectable attraction can also suffer Silver and XAG/USD fell around 0.3% in Asia and the bulls are under pressure to correct their strong bearish momentum in response to the minutes of the previous day’s FOMC meeting. The protocol has shown that accelerated rate cuts will give officials an opportunity […]
NZD/USD slides to over two week low, below mid0.6700s amid stronger USD/risk off
NZD/USD slides to over two week low, below mid0.6700s amid stronger USD/risk off The NZD/USD pair endured dropping floor via the early European consultation and dropped to over a two-week low, under mid-0.6700s within side the ultimate hour. The pair prolonged the preceding day`s retracement slide from the 0.6835-forty place and witnessed heavy promoting all […]
NZD/USD sellers attack 0.6800 as yields, New Zealand corona virus cases drop
NZD/USD sellers attack 0.6800 as yields, New Zealand corona virus cases drop NZD/USD maintained yesterday’s downtrend and dropped to 0.6800 during Wednesday’s Asian session. In doing so, the Kiwi pair discourages positive news regarding the coronavirus at home amid widespread pessimism about the virus. Stronger expectations of the Fed slated to raise rates in 2022 […]
USD/CAD consolidates losses around weekly lows below 1.2800 as oil eases from monthly high
USD/CAD consolidates losses around weekly lows below 1.2800 as oil eases from monthly high USD/CAD is struggling to regain the 1.2800 level while healing yesterday during Tuesday’s Asian session. The loonies seem to be watching the end of the risk-on mood as well as the decline in the price of Canada’s main export, WTI crude, […]
XAU/USD hits $1,814 hurdle as Omicron weighs profits
XAU/USD hits $1,814 hurdle as Omicron weighs profits Gold (XAU/USD) shows slight gains around $1,810 on a dismal Monday morning. The yellow metal welcomed the weakening of the US dollar, as well as low Treasury yields to produce the latest gains around monthly highs, flashed on Dec. 17. That gives The US Dollar Index (DXY) […]
XAU/USD hangs at 100DMA ahead of US data
XAU/USD hangs at 100DMA ahead of US data Gold prices have remained steady so far in Asian trading on Wednesday, hovering around the daily moving average (DMA). The shiny metal lacks a clear direction, in the absence of a new catalyst, as attention now turns to US CB consumer confidence data for more impetus. Persistent […]