Shares in Hong Kong and Japan fall as Asia-Pacific markets fall on Wall Street volatility
Shares in Hong Kong and Japan fall as Asia-Pacific markets fall on Wall Street volatility Shares in Japan and Hong Kong fell 2% as Asia-Pacific markets fell on Tuesday following a volatile overnight session on Wall Street. Japan’s Nikkei 225 fell nearly 2% as auto and technology shares largely fell, while Topix fell 1.83%. Hong […]
US housing starts to increase unexpectedly in Multi-family apartment buildings
US housing starts to increase unexpectedly in Multi-family apartment buildings Construction of new homes in the United States unexpectedly picked up in December at the fastest pace in nine months, led by apartment projects and showing that builders were looking to remedy the situation Shortage of materials and labor. According to government data released on […]
XAU/USD stands at a two-month high of $1,845 despite more steady yields
XAU/USD stands at a two-month high of $1,845 despite more steady yields Gold prices maintain previous rally momentum as it sits near fresh two-month highs of $1,844 set in early Asia. The upside potential for the shiny metal remains intact although continued strength is seen around the on-curve US Treasury yields. Gold prices benefited from […]
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, […]
China’s refinery output in 2021 rises 4.3% to a record high on strong fuel demand
China’s refinery output in 2021 rises 4.3% to a record high on strong fuel demand China’s refinery output hits a record high in 2021, up 4.3% year-on-year, especially due to strong fuel demand in the first half of the year and as refineries increase. increased processing to fill the supply after the new heavy tax […]
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 […]
BOJ debates possible rate hike messages as inflation rises
BOJ debates possible rate hike messages as inflation rises Bank of Japan policymakers are debating how quickly they can telegraph a possible rate hike that could come before inflation hits the bank’s target of 2%, the source said. While an actual rate hike is unlikely to be imminent and the BOJ is expected to remain […]
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 […]
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 […]
GBP/USD remains weak below 1.3350 amid omicron concerns and Brexit concerns
GBP/USD remains weak below 1.3350 amid omicron concerns and Brexit concerns GBP/USD is trading moderately below 1.3350, consolidating from its 11-month low of 1.3278, with risk sentiment improving slightly. Despite the risk reset, the risk remains downward biased against the majors as they continue to face the latest Omicron covid and ongoing Brexit issues. Risk […]
EUR/GBP hovers around 0.8400, ECB’s Lagarde and BOE’s Bailey keep an eye on
EUR/GBP hovers around 0.8400, ECB’s Lagarde and BOE’s Bailey keep an eye on EUR/GBP remained bearish in the early hours of Thursday morning in Europe. Cross-currency pairs are approaching their annual lows recorded on Monday as fears over coronavirus in the eurozone are resurfaced. Record high cases in Germany, followed by Austria and the Netherlands, […]
What is Zero Spread in Forex Trading
What is Zero Spread in Forex Trading A Forex spread is the difference between the bid and asks prices and the company receives a commission as a percentage of each spread used to open a position. Each currency pair has a common ratio, but each company offers different spreads for each currency pair. Some brokers […]
Try Out Best Online Forex Trading Company that Does All
Try Out Best Online Forex Trading Company that Does All Though it’s going to be a tough approach regarding the forex world, the online forex trading scene is different from the others. It’s not like taking a course and then selling it for profits, it’s about the selling of the currencies of your choice at the right […]
RBNZ Survey – Inflation is expected to rise & to be around 3%
RBNZ Survey – Inflation is expected to rise & to be around 3% Aggressive polls at the Reserve Bank showed a very sharp rise in expectations for future inflation. The results of the RBNZ’s latest quarterly forecast survey could fuel speculation that the RBNZ could raise its official cash rate by up to 50 basis […]
No Rate Hike – RBA Gov Lowe
No Rate Hike – RBA Gov Lowe The Reserve Bank of Australia board is evaluating the move as early as June next year for financial markets but continues to believe that a rate hike will not be necessary until 2024 given local wage momentum and inflation. Key Notes – • RBA governor says official rate […]
NZD/USD Weakens Even After Failing to Defend its November Opening Range
NZD/USD Weakens Even After Failing to Defend its November Opening Range NZD/USD is going weak despite its November opening range that was superb figures. The currency has broken down to defend the November opening range right now in the market. NZD/USD takes ahead the lower highs and lower lows early this week after getting the […]
AUD/USD will Improve its Monthly Opening Range as Jobs in Australia Increases
AUD/USD will Improve its Monthly Opening Range as Jobs in Australia Increases The currency pair of AUD/USD has downgraded as it failed to trade above 0.7548. The news coming from Australia may control the recent decline in the exchange rate as the job growth is expected to return in October month. AUD/USD currency pair is […]