USD/JPY is still the main pair to watch and it is trading up 0.2% to 125.60 levels, with the high having touched 125.75 at the start of the session. Buyers are keeping a break above 125.00 and that remains the key level to watch on the week. US consumer inflation data later on will be
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NEW DELHI: Bucking global trends, gold prices were trading higher in the domestic market amid rising inflationary worries and recession fears across the globe. However, the rising US treasury yields and firm dollar kept a check on the gains of the yellow metal. Markets are keenly awaiting US inflation data, which would help investors get
Dollar turned a bit mixed in Asian session as markets await consumer inflation data from the US today. The greenback is losing some momentum against Yen as it’s pressing a long term resistance level at 125.85. Meanwhile, it ticks down against European majors, which are recovering. On the other hand, Dollar is extending rebound against
Moyo Studio | E+ | Getty Images As the coronavirus pandemic wears on and government aid sent at the beginning of the crisis runs out, Americans are feeling the impact of tight budgets. One-quarter of Americans said that they felt financially stressed all the time last year, according to a CNBC + Acorns Invest in
GBP/USD edged lower on Tuesday amid sustained USD buying interest. Bulls seemed unimpressed and largely shrugged off upbeat UK jobs data. The market focus remains glued to the latest US consumer inflation figures. The GBP/USD pair remained depressed through the early European session, with bears still awaiting sustained weakness below the 1.3000 psychological mark. Following
The major US indices all closed lower as worries about higher rates, higher inflation, slower global growth, recession, you name it. S&P and NASDAQ closed lower for the second consecutive day S&P closed below its 200 hour moving average at 4420.58 NASDAQ gapped below its 200 hour moving average up at 13707 and closed near
Business confidence/conditions from both New Zealand and Australia today. From NZ, at 2200 GMT is the NZ NZIER Quarterly Survey of Business Opinion For Q1 2022 The Q4 2021 survey showed business confidence and indicators of trading activity continuing to fall rapidly. This survey for the March quarter is not expected to show much improvement.
New Delhi: Sebi on Monday came out with a new framework for evaluating risk level of commodities — gold and gold- related instruments — in which mutual funds are permitted to invest on risk-o-meter. In a circular, the markets regulator said it has been decided that investment in such commodities by the mutual fund schemes
Yen’s selloff intensifies today, following extended rally in major benchmark treasury yields. US 10-year yields breaks 2.75% handle for the first time since March2 019. Germany 10-year bund yield also breaches 0.8% handle. On the other hand, Japan 10-year JGB yield is staying comfortably below BoJ’s 0.25% cap. Euro and Dollar are currently the strongest
White House press secretary Jen Psaki answers questions during the daily briefing on March 09, 2022 in Washington, DC. Psaki answered a range of questions related primarily to Russia’s invasion of Ukraine. Win Mcnamee | Getty Images WASHINGTON — The Biden administration is bracing for Tuesday’s key consumer inflation report to show that the prices
Chicago Fed President and FOMC member Charles Evans on Monday said that high prices in the US will persist for longer than he originally though, though will not be permanent, reported Reuters. The Fed has to reposition itself in its response, he said, noting that supply chain pressures are more intense than he had expected.
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The Easter holiday is in sight and that means we will see a shorter trading week for Europe (as well as Australia and New Zealand) with Good Friday being observed on 15 April and Easter Monday being observed on 18 April. Just a bit of a reminder that the usual holiday caveats will apply, in
Bitcoin (BTC) starts the second week of April with a whimper as bulls struggle to retain support above $40,000. After a refreshingly low-volatility weekend, the latest weekly close saw market nerves return, and in classic style, BTC/USD fell in the final hours of Sunday. There is a feeling of being caught between two stools for
NEW DELHI: Gold prices were trading marginally higher on Monday as Russia’s attacks in eastern Ukraine lent some support to the safe-haven metal. However, firm dollar and Treasury yields capped the upside. Gold futures on MCX inched up 0.08 per cent or Rs 44 down to Rs 52,115 per 10 grams. Silver futures were trading
Yen is trading broadly lower in Asian session today. But commodity currencies are also soft on mild risk-off sentiment. On the other hand, Euro and Dollar are the stronger ones, while Sterling and Swiss Franc follow. UK data will be the main focus in European session while US calendar is empty. Nevertheless, more volatility is
The euro initially staged a brief relief rally at the start of the Asian trading session but it has since given back all of those gains falling back below the 1.09 level. The main driver for EUR volatility has been the release of results from the first round of the French elections. Economists at MUFG