The NZD/USD slumps to fresh three-week lows, despite the RBNZ’s beginning of its QT program. US initial Jobless Claims rose more than expected, but market players are focused on US inflation data. The RBNZ will begin its Quantitative Tightening (QT) program at an NZ $5 billion rate. The New Zealand dollar slides for the fifth
The AUDUSD is moving to a new session low into the US close and in the process is dipping below the 38.2% of teh move up from the May 12 low at 0.7109. The low price has reached 0.70956 so far. The next target comes in at 0.7071. Below that the 50% at 0.70555 would
Markets: Gold down $6.5 to $1846 US 10-year yields up 0.1 bps to 3.047% WTI crude oil down 85-cents to $121.26 S&P 500 down 2.3% USD leads, AUD lags Risk sentiment deteriorated sharply in North American trading. There wasn’t a clear catalyst but Lagarde didn’t do anyone any favours in her post-ECB press conference as
Gold prices in the national capital on Thursday gained by Rs 133 to Rs 50,907 per 10 grams, supported by rupee depreciation, according to Securities. In the previous trade, the yellow metal settled at Rs 50,774 per 10 grams. Silver also jumped by Rs 273 to Rs 61,535 per kg from Rs 61,262 per kg
Euro is attempting to rally after ECB surprisingly pre-commit to rate hikes in July and September. Germany 10-year yield also jumps to 1.45% in reaction. Commodity currencies turn slightly weaker on overall sluggish market sentiment. Dollar is mixed for now, and will need some fresh inspiration from tomorrow’s CPI release. Meanwhile, Yen continues to digest
A man walking a dog passes by a help wanted sign advertised along East Main Street in East Islip, New York on February 17, 2022. Newsday LLC | Newsday | Getty Images Job openings fell by nearly half a million in April, narrowing the historically large gap between vacant positions and available workers, the Bureau
The crypto market is growing at a rapid pace, with governments and various regulatory bodies actively trying to study and keep up with the growth. While many policymakers around the globe have come to realize that banning the crypto market is not an option, many are yet to come up with a formidable framework to
EUR/USD comes under pressure near 1.0700. German 10y Bund yields approach 1.40%. The ECB is expected to keep the policy rate unchanged. The single currency wobbles between gains and losses and motivates EUR/USD to trade within a volatile note around the 1.0700 region on Thursday. EUR/USD focuses on the ECB EUR/USD trades in an unresolved
EURUSD The EURUSD has returned back down toward the 100 and 200 hour moving averages currently near converged at 1.0717. The move to the downside comes after a break back above those moving averages earlier in the late London morning session. The high price extended up to the low of a swing area between 1.0748
Eurostoxx -0.7% Germany DAX -0.6% UK FTSE -0.6% France CAC 40 -0.6% Spain IBEX -0.4% This follows the drop yesterday as sentiment stays rather sluggish with Wall Street also retreating. US futures are more tepid for the time being with S&P 500 futures flat but the overall mood isn’t really hinting at much so far
June 9: Gold inched lower on Thursday, with prices restrained by rising Treasury yields ahead of key U.S. jobs and inflation data this week. FUNDAMENTALS * Spot gold was down 0.1% at $1,852.21 per ounce, as of 0052 GMT, while U.S. gold futures also eased 0.1% to $1,853.90. * Benchmark U.S. 10-year Treasury yields firmed
Yen is recovering slightly in Asian session today, digesting recent steep selloff. The climax selling is temporarily past as focuses turn to ECB policy decision today and US CPI tomorrow. Euro is trading mixed for the moment, except versus Yen and Swiss Franc. To be specific, it’s range bound against Dollar, Sterling, Aussie and Canadian.
San Francisco Federal Reserve President Mary Daly said Wednesday she backs raising interest rates aggressively until inflation comes down to a reasonable level. Those moves likely would entail multiple 50 basis point hikes at coming meetings, then a possible rest to see how the central bank policy tightening is combining with other factors to impact
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What you need to take care of on Thursday, June 9: Trading was choppy across the FX board, with most major pairs holding on to familiar levels, except for the USD/JPY pair, which surged to a fresh 20-year high of 134.47. The imbalance between the US Federal Reserve and the Bank of Japan boosted the
NZDUSD move back toward 38.2% retracement level The NZDUSD moved lower in the Asian session after rising up to a swing area between and 0.6490 and 0.6499 before the close yesterday (see red numbered circles and yellow area). The high price reached 0.6494. The subsequent move to the downside saw the price extend toward the
The major US indices are all closing lower on the day. The declines are led by the S&P index which is closing down over 1%. The Dow industrial average is down around -0.8%. Intel is the worst performer in the Dow after a report that they may miss on 2Q earnings. Intel shares a down