Overall risk sentiment is rather indecisive in the markets. While US stocks staged a strong rebound overnight, there is no follow through buying in Asia. Dollar and Yen are trading mildly higher today, together with Swiss Franc. New Zealand Dollar is leading commodity currencies lower. Sterling is mixed for now but more volatility is likely
Month: June 2022
Meat is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Inflation doesn’t just happen at the gas pump and the grocery store. There are literally hundreds of avenues that filter into broader measures the government uses to gauge price increases. The big
Further range bound trading within 6.6600-6.7400 is predicted in USD/CNH in the next weeks, commented FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. Key Quotes 24-hour view: “Yesterday, we held the view that ‘there is scope for USD to weaken but a sustained decline below 6.6700 is unlikely’. USD subsequently dropped
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Oil prices rose almost $2 on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude rose $1.80, or 1.6%, to $115.93 a barrel by 1209 GMT. The U.S. West Texas Intermediate (WTI) crude contract for July, which expires later on Tuesday,
USDJPY trades to a new session high The USDJPY has kept the bullish run to the upside going with a move to 136.615. As outlined in the earlier post, a topside trend line connecting recent highs cuts across now near 136.93 (and moving higher). That is the next upside target for the pair. Move to
The BOJ minutes to be published today are for the April monetary policy meeting. The change from the Bank of Japan at this meeting was the announcement that the Bank would continue with unlimited bond-buying of 10-year JGBs at 0.25% every business day, unless it becomes clear such an offer would draw no bids. This
Yen’s selloff accelerates today as US stocks are set to stage a rebound after the long weekend. For now, Euro is the strongest one with help from rebound against Sterling and Swiss Franc. It’s followed by Canadian Dollar, which is supported by slightly better than expected retail sales data. On the other hand, Kiwi and
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. Elizabeth Frantz |
GBP/USD is riding a positive wave or risk sentiment. The bears will need to see a break of 1.22 the figure whereas bulls have sights on a break of 1.2340. At 1.2270, GBP/USD is trading on the bid between a low of 1.2239 and 1.2324. The price is currently higher by 0.24% and correcting from
Accredited investor laws are the bane of many in the crypto industry, who see them as preventing small investors from accessing big opportunities. When Celsius was recently forced to cut off access to U.S. citizens who were not accredited investors, many cried foul. Did it help some users avoid the current crisis? Or do accredited
NEW DELHI: Gold prices edged higher on Tuesday as the US dollar eased. A weaker dollar makes greenback-priced bullion become more attractive for buyers holding other currencies. Gold futures on were trading higher, rising about 0.19 per cent or Rs 96 to Rs 50,831 per 10 grams. However, silver futures gained close to 0.40 per
EURUSD trades above and below its 200 hour moving average The EURUSD is higher on the day, moving off an Asian session low at 1.04733. The high price extended to 1.05454 in the European morning session. Looking at the hourly chart, the price moved to the upside was able to extend above its 200 hour
The pair is trading to the highs for the day currently around 135.30 levels as buyers try to gather conviction for a firm break and hold above the figure mark. The dollar itself is lagging amid more positive risk appetite but the yen is the worst performer on the day, not helped by rising Treasury
The markets are rather mixed in Asian session today, engaging in mostly consolidative moves. New Zealand Dollar trades broadly lower following record low consumer confidence data. But Canadian and Australian Dollars are firmer on steady risk sentiment. Dollar is also weak together with Yen while European majors are mixed. Technically, NZD/USD dips slightly after failing
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, June 15, 2022. Elizabeth Frantz | Reuters
Here is what you need to know on Tuesday, June 21: The US Dollar Index continues to push lower toward 104.00 early Tuesday after having closed the first day of the week in negative territory. The market mood improves in the European morning with the US stock index futures rising more than 1% following the
Thinking about using automated robots in your trading? 25 year Forex veteran Greg Secker and Pete Burnett look at where these robots, such as MT4 expert advisors, came from, and why it makes more sense to practice with a strategy first – then systemise it, rather than rely on black-box systems. The Link for the
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