The financial markets have responded rather well to Fed’s rate hike overnight. The close in major US indexes was strong while Asian stocks also follow higher. Yen is clearly pressured and is extending recent decline, following rally in benchmark treasury yields. On the other hand, Australian and Canadian Dollar are strong. Dollar and Euro are
admin
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve is poised to announce its first interest rate hike since 2018 on Wednesday. The central bank is likely to raise its target federal funds rate by 25 basis points, or one-quarter of one percent, to address the worst inflation
EUR/USD closed the second straight day in positive territory on Wednesday but struggled to clear 1.1050. Economists at ING expect the pair to remain capped at the 1.1100/1120 region. Let’s hear from the ECB “After the Fed’s success with a hawkish message and some suggestion from sourced reports that the ECB was unhappy with EUR/USD
The GBPUSD is moving from 200 hour MA The GBPUSD is trading to a new high and in the process to has moved above a swing area between 1.3138 to 1.31438. The high price just reached 1.3148. The pair is also moving away from its 200 hour moving average at 1.31035. Going into the Fed
Markets: AUD leads, JPY lags WTI crude oil down $1.66 to $94.77 US 10-year yields up 1 bps to 2.17% US 2-year yields up 6 bps to 1.91% Gold up $11 to $1928 S&P 500 up 2.1 The lead up to the FOMC rate decision involved steady selling in the US dollar on hopes for
Lane was among a small group of officials who worried it was hiding in plain sight — that the likes of Glencore Plc, Cargill Inc., Vitol Group and Trafigura Group, the secretive giants that underpinned global trade in natural resources, represented a systemic financial risk. “Could the failure of one of the large trading houses
Canadian Dollar surges broadly in early US session after stronger than expected consumer inflation reading, which solidifies the case for more tightening from BoC. Though, as for today, Aussie is still the strongest, as helped by the massive rebound in China stocks earlier. Yen is turning soft again but following global risk rebound, and more
A house for rent in Corona Del Mar, California. Scott Mlyn | CNBC Demand for single-family rental homes is soaring, pushing prices to record highs, as Americans begin to emerge from two years of pandemic hardship and return to big cities. Single-family rents gained a record 12.6% year over year in January, according to a
US stocks rebound in the Fed aftermath, S&P500 is 1.5% in the green. Ukraine/Russia peace talk hopes gain traction in global financial markets. The S&P 500 is in the green by some 1.6% at the time of writing and after the volatility surrounding the Federal Reserve that on Wednesday raised its benchmark lending rate for the first
SIMPLE Forex Strategy That Works On Every Time Frame | FOREX STRATEGY This simple but effective Scalping Strategy is a profitable trading strategy that you can use to become a profitable trader, this is the trend trading strategy for beginners that you will find on YouTube. This strategy is so simple it can be used
Bitcoin (BTC) tested traders’ neves yet again on March 16 as a fresh spike over $40,000 ended in minutes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Shorts feel the burn after abrupt trip to $41,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly surging to highs of $41,700 on Bitstamp — before instantly reversing.
USDJPY corrected to the underside of the broken trendline The USDJPY corrected lower earlier today and in the process retested the broken trend line on the daily chart above. Buyers leaned and pushed the price back up. They are not giving up on the run higher (or so it seems). Looking at the 5 minute
The Hang Seng tech index is up by roughly 20% today and that is sending the main index soaring by 8% as sentiment in Chinese stocks turn after a dismal past few weeks. The Shanghai Composite is also up by 3% on the day currently. Of note, the Hang Seng is finding support from the
NEW DELHI: Gold prices fell on Wednesday as safe haven demand eased after Ukraine said it sees a possible room for compromise in talks with Russia even as Moscow stepped up bombardment. The price fall was, however, restricted ahead of the outcome of the Federal Reserve policy later in the day. On Wednesday, gold futures
Dollar is digesting some of this week’s gain as markets are awaiting FOMC rate hike and economic projections. There are a lot questions to be answered given the uncertainty over inflation and the economic impact of Russia invasion of Ukraine. As for today, Aussie and Euro are the stronger ones while Dollar and Yen are
Another surge in energy prices pushed wholesale goods prices to their biggest one-month jump in record in February, according to Labor Department data released Tuesday. Final demand prices for goods jumped 2.4% for the month, the largest move ever in data going back to December 2009, the Bureau of Labor Statistics said. That pushed the
FX option expiries for March 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1000 1.2b 1.1050 728m 1.1100 823m 1.1150 2.6b – GBP/USD: GBP amounts 1.3500 747m – USD/JPY: USD amounts 117.95 734m – USD/CHF: USD amounts 0.9115 440m 0.9325 770m 0.9400 540m – USD/CAD: USD amounts
GBPUSD held the 100 hour MA again The dip buyers in the GBPUSD today bounced the price off /near a nice round natural support level at 1.3000 (the low reached 1.29993). The price moved higher into the North American session and approach the falling 100 hour moving average, and also a swing area between 1.3080