US Inflation Slows; Equity Markets Rally on Earnings News
US Inflation Slows; Equity Markets Rally on Earnings News The slowing down of US inflation has been a welcome development in the financial markets. Along with positive earnings news, this has contributed to a robust rally in equity markets. The EUR/JPY pair, however, has seen only a slight recovery from its intraday low, hovering around […]
Asian Currency Markets Subdued Amid Fears of Rate Hikes and Intervention Speculation
Asian Currency Markets Subdued Amid Fears of Rate Hikes and Intervention Speculation Asian currency markets remained mostly stable on Friday as investors were looking for more indications regarding U.S. interest rate hikes. However, both the Chinese yuan and Japanese yen saw a slight rise due to ongoing speculation about potential government intervention in the currency […]
USD/CHF modestly gains near 50-DMA, bulls eyeing a move above 0.9000
USD/CHF modestly gains near 50-DMA, bulls eyeing a move above 0.9000 The USD/CHF pair has been modestly gaining near the 50-day Simple Moving Average (SMA), with traders watching closely for a move above the significant 0.9000 level. This comes as the pair has continued to trade positively for the fourth day in a row. However, […]
AUD/USD Nears 0.6680 as FOMC Minutes and US Employment Data Awaited
AUD/USD Nears 0.6680 as FOMC Minutes and US Employment Data Awaited The Australian Dollar (AUD) is approaching 0.6680 against the US Dollar (USD), indicating a correction during the Asian trading period. This shift occurs as investors adopt a cautious stance in anticipation of the Federal Open Market Committee (FOMC) minutes and data on the US […]
Despite BoE’s Bailey’s Hawkish Stance, Sellers Approach 1.2600 Ahead of Powell’s Speech
Despite BoE’s Bailey’s Hawkish Stance, Sellers Approach 1.2600 Ahead of Powell’s Speech The GBP/USD pair is drawing closer to a 15-day low near the 1.2620 mark as Thursday’s London market opens for trading. Investors are seemingly giving more weight to the impending speech from Federal Reserve Chairman Jerome Powell than to the statements made by […]
US Markets Closed for Juneteenth Holiday
US Markets Closed for Juneteenth Holiday The consumer confidence of the University of Michigan was he only market relevant data release on Friday, but it brought somewhat of a mixed message, especially for bond investors. Consumers’ assessment, both on current conditions (63.9 from 59.2) and on expectations (68.0 from 64.9) printed stronger than expected but […]
Weak Chinese Trade Data Add to Growth Worries
Weak Chinese Trade Data Add to Growth Worries German Bunds outperformed US Treasuries during European trading hours following an unexpectedly strong decrease of inflation expectations in the ECB’s April Consumer Expectations Survey. The divergence between the two became even larger as US Treasuries started underperforming (especially at the front end the curve) during the US […]
What if Russia Didn’t Follow OPEC’s Output Cuts?
What if Russia Didn’t Follow OPEC’s Output Cuts? The US 2-year yield fell sharply, while the S&P500 ended flat after hitting a fresh high since last summer on optimism that the US will finally agree to raise the debt ceiling. The House will vote today to decide whether the debt limit bill gets approved at […]
Fed Minutes Depict Uncertainty Surrounding Future Rate Hikes
Fed Minutes Depict Uncertainty Surrounding Future Rate Hikes The minutes from the May 2-3 Federal Open Market Committee (FOMC) meeting reiterated that curtailing inflation remains the principal objective of the Fed. On the current state of the economy, the Committee members noted that “economic activity had expanded at a modest pace in the first quarter. […]
Policy Makers Views on Risks Begin to Diverge
Policy Makers Views on Risks Begin to Diverge Last week has seen a flurry of central bank communications as the RBA, FOMC and BoE all met deliberate on policy. Evident in their decisions and commentary is a growing divergence in expectations around inflation and the risks to the policy outlook. The RBA delivered only a […]
Australia September CPI
Australia September CPI It was a broad based upside surprise in the core measures highlighting accelerating inflationary pressures. The CPI lifted 1.8% in the September quarter with the most significant contributions coming from new dwellings, gas and furniture. Gas and furniture were upside surprises to us but the main difference between our 1.1% forecast and […]
Xtreamforex Fundamental Market Update 20 September 2021
Xtreamforex Fundamental Market Update 20 September 2021 EURUSD The pair is off the lows, yet the minor idea of the move suggests it must be a “dead-feline bob” – an impermanent rise before the following fall. Be that as it may, it could broaden and turn into a turnaround. While the dollar has cooled off […]
Xtreamforex Fundamental Market Update 16 September
EURUSD EUR/USD edges higher around 1.1820, keeping the momentary bullish banner flawless, during Thursday’s Asian meeting. In doing as such, the significant money pair additionally remains over 200-SMA amid a peppy Momentum line. While the bulls are intended for additional potential gain, the obstruction line of the expressed bullish arrangement joins 50-SMA to challenge the […]
Xtreamforex Fundamental Market Update
EURUSD EUR/USD pair remained moderately calm during the European exchanging hours on Tuesday. With the greenback going under humble selling pressure in the early American meeting, the pair acquired footing and arrived at a day high of 1.1846. The information distributed by the US Bureau of Labor Statistics uncovered on Tuesday that expansion in the […]
Fundamental analysis
EURUSD EUR/USD is trading on the backfoot, however holding around the level on the day as the US noontime sees less volume to help the overnight bid. At the hour of writing, EUR/USD is set to close 1.1800 and has gone between a low of 1.170 and a high of 1.1817. The day by day […]