Month: March 2022

Euro’s rebound stalls after ECB policy announcement, mainly because risk markets turned softer again. Another round of negotiations between Russia and Ukraine failed and Russia will clearly continue its attack. Dollar is trading slightly higher after CPI came in expected, extending its run on making multi-decade high. Though, as for the day, Aussie is leading
0 Comments
Inflation grew worse in February amid the escalating crisis in Ukraine and price pressures that became more entrenched. The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge, according to the Labor Department’s Bureau of Labor
0 Comments
Palladium remains pressured around intraday low after dropping the most in nine months. MACD signals join bearish breakout of triangle to keep sellers hopeful. Bulls need clear break above $3,210 to retake controls. Palladium (XPD/USD) bears keep reins around $2,970, down 0.17% intraday heading into Thursday’s European session. That said, precious metal dropped the most
0 Comments
The lead into the Asia session: Forexlive Americas FX news wrap: Huge turnaround in ‘war’ trades Yesterday we had an official from the Bank of Japan warn on rising inflation. Today we had another official there pointing out that import prices (yen-based index of) were at their highest since 2008. Once again today the FX
0 Comments
nickel traded on the London Metal Exchange Monday, with a 90% jump that went as high as $55,000 a metric ton before closing at $48,078. Things went even wilder on Tuesday, rising as high as $100,000 — nearly quadruple the price last Friday. That sounds dramatic, but it’s unlikely that you’d notice the ripple effects
0 Comments