EURUSD trades in the extreme area In The price of the EURUSD extended into the “extreme area”, and outside the older “red box” that confined trading from April 27 to May 23, sans the 2-3 days from the lower extreme (between 1.0348 and 1.04578). The move below 1.04578 took the price down to a swing
The Wall Street Journal (gated) update on Congress’ laws to, in part, block investments on national security grounds. legislation would rewrite rules for American companies investing abroad proposing the screening of investments in countries like China seen as adversaries to protect U.S. technologies and rebuild critical supply chains This is not a new development, the
New Delhi: Crude oil and gasoline prices have been a hot topic for almost everyone recently as the basket of crude oil that India buys has hit a decade high of $121 per barrel. Last week the international oil prices hit near a 13-week high, underpinned by robust demand from key buyers like the US.
Sterling falls broadly today after GDP unexpected contracted for the second month in April. Chance of an overall contract in Q2 is raised while there are few positive signs for Q3 for now. Meanwhile, the remaining chance of a 50bps hike by BoE later this week is basically priced out. Aussie and Kiwi are the
In this article ORCL Safra Catz, then co-chief executive officer of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares rose almost 9% in extended trading on Monday after the database software company issued fiscal fourth-quarter results that exceeded
Gold Price slips from five-week highs as Fed set to hike rate aggressively. The US dollar, yields soar on the Fed expectations and risk-off flows. XAUUSD remains exposed to more downside ahead of the Fed decision. Gold Price is correcting sharply from five-week peaks of $1,879, reversing most of Friday’s strong rally. The inverse correlation
The US 2 year yield has reversed the move from the 2018 high The higher CPI data has pushed the 2 year yield up by about 15 basis points. The high yield reached 2.974%. That was just shy of the high yield from the week of November 5, 2018 at 2.977% the lap down to
The consensus call will continue to be for the Fed to hike by 50 bps surely but the off chance is that they might go with a surprise 75 bps rate hike instead. The only worry for the Fed is the way the market will receive that kind of decision. As things stand, we’re already
NEW DELHI: Gold prices eased on Monday, after hitting monthly highs in the last session. Hot inflation numbers in the US, which lifted the bond yields, dented the market appeal of safe-haven bullion. Benchmark US 10-year Treasury yields also rose, weighing on demand for zero-yield gold. Gold is seen as a safe-haven asset in times
Dollar rises broadly as the week starts as risk aversion extended into Asia session. But Yen is not benefiting much this time, as recovery lost momentum. Commodity currencies are also weak together with Euro. Swiss Franc and Sterling are just slightly better the others, but still weak against the greenback. The meetings of four major
As decentralized finance continues its victorious march — although the road is sometimes bumpy — some significant questions on its nature remain. How can DeFi applications be protected from becoming nonoperational under extreme stress? Is it really decentralized if some individuals have way more governance tokens than others? Does the anonymous culture compromise its transparency?
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As investors expect an aggressive US Fed, USD/CHF rallies 0.80% post US hot inflation. Elevated US Treasury yields lifted the greenback and weighed on stocks. USD/CHF Price Forecast: The pair is upward biased and would aim towards parity if buyers achieve a daily close above 0.9885. The USD/CHF rallies sharply following a US inflation report
USDCAD moves back into the old ‘red box’ The USDCAD had lower lows for 10 consecutive days that took the pair to a cycle low at 1.25166 on Wednesday. Yesterday the BOC warned about the housing market which got the ball rolling back to the downside for the loonie (to the upside for the USDCAD).
A statement over the weekend from Libya’s Minister of Oil and Gas: Libya is currently losing more than 1,100,000 barrels per day (bpd) of oil production most of the oil fields are closed, except for the Hamada field and the Mellitah complex, while the Al-Wafa field continues operations from time to time. “ … it
Russia’s Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales to other customers. Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its
Financial Japanese authorities met regarding a weaker JPY and accorded to act if the yen continues weakening. Despite falling on threats of an FX intervention by Japan, the GBP/JPY gained 1.30% weekly. GBP/JPY Price Analysis: To continue falling towards 164.25 before resuming to the upside. The GBP/JPY plunged on Friday and trimmed weekly gains of