DXY comes under pressure and revisits 102.00. US yields extend the monthly recovery on Monday. 3-month/6-month Bill Auctions will be on tap later in the NA session. The greenback starts the trading week on the defensive and drags the US Dollar Index (DXY) back to the 102.00 neighbourhood. US Dollar Index looks to yields, cautious
GBPUSD moves down to test swing area support after NFP The GBPUSD retraced Wednesday’s decline yesterday and in doing so move back up toward the 100/200 hour moving averages (blue and green lines in the chart above). Recall on both Tuesday and Wednesday, the price tested the 200 hour moving average before falling below that
via Newsquawk – Always awesome Euro Market Open (incl: podcast) APAC stocks traded mixed following last Friday’s post-NFP losses on Wall St 6 Things You Need to Know APAC stocks traded mixed following last Friday’s post-NFP losses on Wall St; European equity futures are indicative of a firmer open DXY traded flat overnight but remained
Citi Research on Monday raised its quarterly oil price forecasts for this year and its year-average outlook for 2023, because additional supply from Iran looked heavily delayed, adding to tighter market balances. Delay in Iran sanctions relief is the main factor tightening balances, Citi said. The bank now factors in Iran sanctions relief beginning in
Major Asia indexes trade mildly higher today but the forex markets are quiet. Trading will likely be subdued ahead with Swiss, France and Germany on bank holiday, while the US economic calendar is empty. But an eventful week will kick start with RBA rate decision tomorrow, followed by ECB on Thursday. Then the week would
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The yellow metal would finish the week on the defensive, losing 0.28%. Sentiment remains negative, as US equities fall between 1.02% and 2.57%. Fed’s Mester supports 50 bps hikes in June and July; September is still open for 50 or 25 bps increases. Gold Price Forecast (XAU/USD): Failure at $1889.91, exacerbates a fall towards $1800.
Both the GBPUSD and USDCHF moved in the strong dollar direction after the US jobs report, but both have retraced back to near converged 100/200 hour moving averages. However, traders leaned against the converge moving averages and have pushed the prices back away. Looking at the GBPUSD, the 100 and 200 hour moving averages come
The major US stock indices are ending the day lower led by the NASDAQ index which declined by 2.4% For the shortened trading week, the indices were down 3 of the 4 trading days. After snapping a 7 week decline in the S&P and NASDAQ index ended 8 week decline in the Dow industrial average,
Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session on doubts that producers belonging to OPEC+ can hike their crude output enough to make up for lost supply from Russia. U.S. West Texas Intermediate (WTI) crude futures were up 1 cent at $116.88 a barrel at 0112 GMT, while
Bitcoin (BTC) ATM installations across the globe have seen a steep decline throughout the year 2022, with May recording just 202 new BTC ATMs, a range last seen three ago in 2019. Over the past five months since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling down 89.75% from December 2021’s 1971 new
The USD/CHF bounces off weekly lows and is back above 0.9600. Risk appetite remains dampened, US equities tumble, and the greenback rise, underpinned by elevated US Treasury yields. USD/CHF Price Forecast: The major is upward biased, though a daily close above 0.9660 would exacerbate a rally towards the 20-DMA. On the week’s last trading day,
NASDAQ index is back down testing its 200 hour MA The NASDAQ index is now down -323 points or -2.62% at 11994.30. That takes the price back down toward its 200 hour moving average at 11991.74. A move below that moving average line would increase the bearish bias from a technical perspective. Conversely stay above,
MON: Chinese Services PMI Final (May). TUE: RBA Announcement; EZ Sentix (Jun); EIA STEO. WED: RBI Announcement; NBP Announcement; Japanese GDP Final (Q1); EZ Employment Final (Q1) and GDP (Q1 Revisions). THU: ECB Announcement; Chinese Trade Balance (May). FRI: CBR Announcement; Chinese Inflation (May); Norwegian CPI (May); US CPI (May); Canadian Labor Market Report (May);
Gold prices on Friday increased by Rs 57 to Rs 51,326 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 57 or 0.11 per cent at Rs 51,326 per 10 grams in a business
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