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Month: May 2022
USDJPY seems to be stuck in a range now The USDJPY is taking a breather today with a 60 pip trading range. That is about half of the oversized 122 average over the last 22 trading days (about a month of trading days). The price action has been down, up, down and back up again.
MUFG Research discusses GBP tech, quant and macro outlook. “Unsurprisingly technical indicators are signalling that the GBP is now heavily oversold against the USD in the near-term which increases the likelihood of a temporary relief rally. The 14-day RSI has reached its lowest level since March 2020. At the same time our short-term regression model
Akshaya Tritiya, it is very important to see how the gold prices have moved and what to expect over the next few months. There are several factors which have contributed to gold’s movement in the past few years — pandemic being a major one. Now, the focus will be shifting towards geopolitics, inflationary concerns and
Dollar is turning softer entering into US session, as traders might start to lighten up position ahead tomorrow’s FOMC rate decision. Commodity currencies are also soft, except Aussie which is supported by RBA’s hawkish rate hike. Yet, there is no clear follow through buying in Aussie. European majors, on the other hand, are trying to
A “now hiring” sign is posted in the window of an ice cream shop in Los Angeles, California on January 28, 2022. Frederic J. Brown | AFP | Getty Images Employment openings exceeded the level of available workers by 5.6 million in March while a record number of people quit their jobs, the Labor Department
In this article PFE Albert Bourla, chief executive officer of Pfizer pharmaceutical company, arrives to ring the closing bell at the New York Stock Exchange. Drew Angerer | Getty Images Pfizer beat on its top and bottom line in its first quarter earnings report after booking strong sales of its Covid vaccine and oral antiviral
The Bank of Canada Governor Senior Deputy Governor Carolyn Rogers says the labour market is a really strong indicator right now of excess demand in the Canadian economy. Key comments We don’t target components of inflation, we target the overall level of inflation. We need higher rates to moderate demand including demand in the housing
On this episode of What’s On Your Mind? #WOYM – ITPM Mentors Edward Shek & Anthony Iser have a laid back discussion on what they think matters right now in the financial markets when making trading and portfolio management decisions. Subscribe below to get notifications for future episodes. We will be releasing new episodes every
Two committees of the Hawaii State Legislature — Commerce and Consumer Protection (CPN) and Ways and Means (WAM) — unanimously approved the launch of a specialized task force to explore the use and regulation of the crypto ecosystem. In a letter addressed to the President of the Hawaii Senate, Ron Kouchi, legislative members Donovan Dela
USDCHF has been up 14 the last 15 days The USDCHF is up again. The pair has been up 14 of the last 15 trading days. Over that time period, the price has moved up from the April 12 low at 0.9286 to a high today of 0.9784. That is nearly 500 pips. The current
The market had more or less priced in a 15 bps rate hike by the RBA coming into the decision, so most players were prepared for a potential “go big or go home” moment in case the central bank did not hike or chose to hike by 40 bps instead. But the RBA surprised with
As a long-standing tradition in Indian culture, investing in gold during Akshaya Tritiya is considered very auspicious. However, purchasing gold jewellery and physical gold comes with a huge mark-up With a 3 per cent GST paid upon purchase, added charges on making, design, and storage of gold tend to erode its value. Yet our country
Australian Dollar rebounds broadly after the larger than expected rate hike by RBA, and takes up New Zealand Dollar too. But there is no clear follow through buying yet. Swiss Franc is currently the weakest one for the day, followed by Dollar and Yen. Apparently, overall development suggests steady risk sentiment, but that may not
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk | Anadolu Agency | Getty Images The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips
In this article MCD McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY. Eduardo Munoz | Getty Images McDonald’s on Thursday reported better-than-expected revenue, fueled by price hikes in the U.S. and strong international sales growth. Shares of the company rose more than
Open interest in gold futures markets reversed two consecutive daily builds and shrank by just 585 contracts at the beginning of the week according to advanced prints from CME Group. On the other hand, volume went up for the second straight session, this time by around 17.3K contracts. Gold looks supported near $1850 Monday’s marked
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