Signs of Disinflation Continue
Signs of Disinflation Continue There are some promising signs on the inflation data which is released today for UK and Canada. UK producers lower the prices to 1.8%, which is the disinflation in the third consecutive month. Core CPI also showed to 0.4$ m/m which is also its third straight month on disinflation. Canada’s producer […]
What is expected in BOJ meeting
What is expected in BOJ meeting Bank Of Japan next meeting on Thursday on interest rate decision. Many countries are aggressively increasing the rates to put brakes on inflation. The BOJ is unlikely to do anything, as inflation rate sits at 2.5%. EUR/JPY had been moving higher since 7th of March 2022. The pair began […]
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), […]
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 […]
ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD
ECB Reveals Anti-Fragmentation Measures – Setups for EUR/GBP, EUR/JPY, EUR/USD AUD: AIG Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. NZD: Building Consents m/m, it measures change in the number of new building approvals issued. JPY: Tokyo Core CPI y/y, it measures change in the price of goods and services […]
EUR/USD, EUR/GBP, CHF/JPY Remain Vulnerable as Retail Traders Hold Long
EUR/USD, EUR/GBP, CHF/JPY Remain Vulnerable as Retail Traders Hold Long JPY: Prelim Industrial Production m/m, it measures change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. NZD: ANZ Business Confidence, it measures level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. AUD: Private […]
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 […]
Ahead of job news, global stock markets climb, but US rates fall
Ahead of job news, global stock markets climb, but US rates fall On Thursday, global equity markets climbed, while US yields fell, as lower-than-expected private payrolls data raised optimism that the American economy was slowing and that the Federal Reserve may be convinced to change its hawkish attitude on interest rates and inflation. The ADP […]
Supply fears continue, oil prices climb, despite stock market declines
Supply fears continue, oil prices climb, despite stock market declines Crude prices rose for the third day in a row on Friday, shrugging aside concerns about global economic growth as fears about tighter supply supported prices ahead of an imminent European Union ban on Russian oil. Brent futures were up 84 cents, or 0.8 percent, […]
Opec+ expects a minor increase in oil production as demand dented by China Covid-19 rules
Opec+ expects a minor increase in oil production as demand dented by China Covid-19 rules Opec+ members are anticipated to agree on a small rise in oil output on Thursday (May 5), boosted by threats to demand due to coronavirus restrictions in China. Russia’s invasion of Ukraine has further heightened supply fears, which have been […]
Breaking: EUR/USD cracks 1.0500, hits the lowest
Breaking: EUR/USD cracks 1.0500, hits the lowest CAD: BOC Gov Macklem Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. […]
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 […]
Gold is expected to fall for the first time in three weeks as rates and the currency rise
Gold is expected to fall for the first time in three weeks as rates and the currency rise Gold prices remained flat on Friday, weighed down by the dollar’s resilience and the increase of US Treasury yields, putting bullion on track for its first weekly loss in three weeks. As of 0501 GMT, spot gold […]
On the Ukraine situation worsens, oil prices climb due to supply concerns
On the Ukraine situation worsens, oil prices climb due to supply concerns Oil prices increased on Monday as fears of tighter global supply grew, with the developing crisis in Ukraine raising the risk of more penalties from the West against Russia, the world’s leading exporter. Brent futures were up $1.50, or 1.3 percent, at […]
Ukraine Russia war Impact on EURUSD
Ukraine Russia war Impact on EURUSD EUR/USD broadened its slide toward 1.08 during the Asian trading hours however figured out how to arrange a bounce back toward 1.0850. Financial experts accept that the pair could slide underneath 1.08 on reestablished strains in Ukraine. EUR/USD among acceleration and downturn fears EUR/USD is gotten between acceleration fears, […]
NZD/USD higher after the larger than expected interest rate hike from the RBNZ
NZD/USD higher after the larger than expected interest rate hike from the RBNZ NZD: Food Price Index , It measures change in the price of food and food services purchased by households. 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 […]
OPEC Reduces Global Oil Demand Growth Forecast Due to Russia-Ukraine Conflict
OPEC Reduces Global Oil Demand Growth Forecast Due to Russia-Ukraine Conflict The Organization of Petroleum Exporting Countries (OPEC) lowered its prediction for global oil demand growth in 2022 on Tuesday, citing the impact of Russia’s invasion of Ukraine, growing inflation as crude prices rise, and the recurrence of the Omicron coronavirus variety in China. In […]
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 […]