August RBNZ Preview and what next for the NZD/USD
August RBNZ Preview and what next for the NZD/USD It is widely expected that the Official Cash Rate will be raised by 50 bp taking the cash rate to 3% in tomorrow’s meeting of Reserve Bank of New Zealand. It will be the RBNZ’s fourth consecutive 50bp hike in a tightening cycle that started in […]
Upcoming Market Updates: NZD, GBP, EUR, USD
Upcoming Market Updates: NZD, GBP, EUR, USD NZD: Business NZ Manufacturing Index, it measures Level of a diffusion index based on surveyed manufacturers. NZD: FPI m/m, it measures Change in the price of food and food services purchased by households. GBP: GDP m/m, it measures Change in the total value of all goods and services […]
This Weeks’s currency pair, EURUSD
This Weeks’s currency pair, EURUSD The ECB hike of last week is the highest hike in past 11 years which brought the interest rate from -0.50% to 0.00%. Further normalization of interest is appropriate, indicating that there will be another hike from ECM on their next meeting on 8th September. Another new program was introduced […]
Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD
Upcoming Market Updates : AUD, JPY, GBP, EUR, USD, CAD AUD: Flash Manufacturing PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures Level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: GfK Consumer Confidence, it […]
Upcoming Market Updates : AUD, CHF, GBP, EUR, USD
Upcoming Market Updates: AUD, CHF, GBP, EUR, USD Time 04:30 AM GMT+3 AUD: Monetary Policy Meeting Minutes, It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates. Time 05:00 AM GMT+3 AUD: RBA Deputy Gov […]
Upcoming Market Updates : NZD, GBP, EURO, CAD, USD
Upcoming Market Updates : NZD,GBP,EURO, CAD, USD Time 01:30 AM GMT+3 NZD: Business NZ Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 01:45 AM GMT+3 NZD: CPI q/q, it measures change in the price of goods and services purchased by consumers. Time 02:01 AM GMT+3 GBP: Rightmove HPI m/m, […]
Upcoming Market Updates : NZD,CNY,JPY,EUR,CAD, USD
Upcoming Market Updates : NZD,CNY,JPY,EUR,CAD, USD Time 01:30 AM GMT+3 NZD: BusinessNZ Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 05:00 AM GMT+3 CNY: GDP q/y, it measures change in the inflation-adjusted value of all goods and services produced by the economy. Time 07:30 AM GMT+3 JPY: Tertiary Industry […]
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 […]
Dollar Index Looks Unstoppable now
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Dollar Index Looks Unstoppable now On Friday afternoon the new highs rose to 107.6, on the start of European trading session it went 107.45. Since Oct 2002 this was the highest rate and the index added around 20% to its 2021 low. This is a positive secondary effect for the US(strengthening of dollar), […]
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 […]
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 […]
Stock Market declines following massive rally last week
Stock Market declines following massive rally last week U.S. stocks declined on Monday, erasing some of the gains made during a surge last week as expectations for the direction of interest-rate rises by the Federal Reserve softened. Early gains were erased by the S&P 500, which dropped 11.63 points, or 0.3 percent, to close at […]
As the commodity markets drop, gold and silver decline
As the commodity markets drop, gold and silver decline As the metals markets are participants in a general erosion of the commodity markets driven by crude oil, gold and silver prices are slightly lower in lunchtime U.S. trade on Thursday. Fears of a U.S. and worldwide economic crisis as well as predictions of decreased demand […]
US Dollar Price Action Setups: EUR/USD, USD/NZD, GBP/USD, USD/JPY
US Dollar Price Action Setups: EUR/USD, USD/NZD, GBP/USD, USD/JPY NZD: Business NZ Services Index, it measures level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: Rightmove HPI m/m, it measures change in the asking price of homes for sale. EUR: German PPI m/m, it measures change in the price […]
Fed’s rate hike, the stock market in the United States rallied
Fed’s rate hike, the stock market in the United States rallied Stocks in the United States jumped on Wednesday after the Federal Reserve approved its largest interest-rate hike since 1994, although the central bank hinted that such moves would be rare. The S&P 500 index increased 54.51 points, or 1.5 percent, to 3789.99, ending a […]
Investors expect a major Fed rate hike; gold is higher on lower yields
Investors expect a major Fed rate hike; gold is higher on lower yields Weaker Treasury yields raised gold prices from near one-month lows on Wednesday, ahead of a possible aggressive interest rate hike by the US Federal Reserve to combat inflation amid rising fears of an oncoming recession. As of 0229 GMT, spot gold was […]
S&P 500 entered a bear market, global stocks dropped
S&P 500 entered a bear market, global stocks dropped Stock futures increased, indicating that U.S. markets were on the verge of recovering from a meltdown that pushed the S&P 500 into a bear market on Monday, but Asian stocks remained under pressure. In Asia on Tuesday morning, S&P 500 futures were up 0.6 percent. The […]
Beijing’s COVID warning and inflation fears resulted fallen in prices of Oil
Beijing’s COVID warning and inflation fears resulted fallen in prices of Oil On Monday, oil prices fell more than $2 as a flare-up in COVID-19 cases in Beijing dampened prospects for a quick increase in China’s fuel demand, while concerns about global inflation and economic development weighed on the market. By 0033 GMT, Brent crude […]