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 […]
As Ukraine risks rise, crude prices rise and the rouble falls to a record low
As Ukraine risks rise, crude prices rise and the rouble falls to a record low On Monday, crude oil rose while the rouble fell nearly 30% to a new record low after Western nations imposed new sanctions on Russia for its invasion of Ukraine, including the exclusion of some banks from the SWIFT international payments […]
Wall Street rises as the United States imposes new sanctions on Russia
Wall Street rises as the United States imposes new sanctions on Russia US stocks finished sharply higher on Thursday, led by a 3% gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden announced harsh new sanctions against Russia after Moscow launched an all-out invasion of Ukraine. The S&P 500 gained […]
Price Analysis of the AUD/JPY: Will History Repeat Itself? If this is the case, expect much lower levels in the future
Price Analysis of the AUD/JPY: Will History Repeat Itself? If this is the case, expect much lower levels in the future Bears in the AUD/JPY have been breaking new ground below 83, paving the way for further declines in the coming days. The pair is the forex space’s risk barometer, and as the Ukraine crisis […]
EUR/GBP is hovering around 0.8330 ahead of the Bank of England’s monetary policy report hearings
EUR/GBP is hovering around 0.8330 ahead of the Bank of England’s monetary policy report hearings In the Asian session, the EUR/GBP is trading in a narrow range of 0.8330-0.8345, as investors await the Bank of England’s (BOE) monetary policy report hearings on Wednesday. The cross has remained volatile in recent trading sessions due to the […]
The USD/JPY is licking its wounds near a 13-day low due to lower yields and risk aversion
The USD/JPY is licking its wounds near a 13-day low due to lower yields and risk aversion USD/JPY pares intraday losses near the lowest levels since February 03, bouncing off the multi-day low to 114.70 during Tuesday’s mid-Asian session. Despite the yen pair’s recent corrective pullback, the market’s risk-off mood supports the USD/safe-haven JPY’s demand. […]
Following the ECB shock, European firms face higher borrowing costs
Following the ECB shock, European firms face higher borrowing costs After the ECB’s surprise pivot toward tighter monetary policy, European companies hoping to fund M&A and capital expenditures on bond markets this year face a sharp increase in borrowing costs and wary buyers. Bond issues are an important source of funding for businesses, and their […]
Bulls in the XAU/USD are retreating as markets place their hopes on a meeting between US Vice President Joe Biden and Russian President Vladimir Putin
Bulls in the XAU/USD are retreating as markets place their hopes on a meeting between US Vice President Joe Biden and Russian President Vladimir Putin The price of gold has been swinging back and forth in response to every headline involving Russia, Ukraine, and the latest diplomatic efforts to avert war. At the time of […]
AUD/USD bulls are moving in as hopes of diplomacy succeeding continue to support risk.
AUD/USD bulls are moving in as hopes of diplomacy succeeding continue to support risk The AUD/USD is up 0.16 percent in the Asian session, trading at 0.7197, as risk appetite returns on what appears to be more signs of diplomacy shining through the cracks of fear of an impending war between NATO and Ukraine vs. […]
EUR/USD pullback eyes 1.1300 ahead of Fed Minutes, US Retail Sales
EUR/USD pullback eyes 1.1300 ahead of Fed Minutes, US Retail Sales EUR/USD takes offers to revive every day low close 1.1345, down 0.11% intraday, as the pair dealers merge the heaviest day by day hop in a fortnight during Wednesday’s Asian meeting. The significant cash pair merchants appear to regard the market’s mindful confidence while […]
Oil costs hold consistent as Russia-Ukraine pressures cool
Oil costs hold consistent as Russia-Ukraine pressures cool Oil costs steadied on Wednesday subsequent to withdrawing over 3% in the past meeting as financial backers checked the effect of facilitating Russia-Ukraine strain against a rigid harmony between close worldwide supplies and recuperating fuel interest. Brent exchanged at $93.19 a barrel at 0253 GMT, down dime, […]
USD/CAD Traders Looking for Oil Price for Direction
USD/CAD Traders Looking for Oil Price for Direction USD/CAD steadies in Asia as traders remain jittery over the possibility of increased tensions around the prospect of Russia invading Ukraine. The price of oil, which CAD trades as a proxy, has increased in proportion to the Russian risk premium. As a result, the Loonie is a […]
EUR/USD towards 1.1305 as threat of Russian aggression grows heavier
EUR/USD towards 1.1305 as threat of Russian aggression grows heavier EUR/USD rallies early in the day as risk appetite fades with major Asian indexes printed in red. The EUSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 percent, while Japan’s Nikkei index lost 2.5 percent. At 1.1353, the Euro is now steady on […]
Forecasters predict steady job growth as Fed tries to contain inflation
Forecasters predict steady job growth as Fed tries to contain inflation With professional forecasters now seeing the US economy grow more slowly in the first quarter, many believe the Federal Reserve can keep inflation under control while keeping the economy on track. a survey released on Friday. Economists still expect strong GDP growth for the […]
NZD / USD struggles to strengthen US dollar despite high inflation expectations of Reserve Bank of New Zealand
NZD / USD struggles to strengthen US dollar despite high inflation expectations of Reserve Bank of New Zealand At 0.6658, the NZD / USD fell 0.17% on the day as the greenback continues to dominate the top of the forex leaderboard. On a time basis, the US dollar is ahead while commodity currencies are behind. […]
GBP/USD steady in Asia ahead of key US CPI data
GBP/USD steady in Asia ahead of key US CPI data GBP/USD is steady on the day and patiently waits between 1.3526 and 1.3538 ahead of today’s key event in the US Consumer Price Index. The British Pound initially benefited from a weak Dollar at the start of the week and calmed central bank sentiment at […]
XAU/USD bulls advance but may run on empty product
XAU/USD bulls advance but may run on empty product Gold (XAU/USD) took advantage of the greenback’s bid as Asian stocks rallied on Wednesday on the back of a strong equity performance on Wall Street. US Treasury yields are holding highs near multi-year highs ahead of this week’s closely watched US inflation data. The DXY, an […]
USD/CAD biggest daily cut in a month drops below 1.2700 amid oil price drop
USD/CAD biggest daily cut in a month drops below 1.2700 amid oil price drop USD/CAD is filling a wound around 1.2675 during Tuesday’s mid-Asia session, following its biggest daily drop in four weeks. Cautious market optimism lowers prices of Canada’s main export, WTI crude, to support the latest rally. However, mixed concerns and a sense […]