NZDUSD is up 3 days in a row The NZDUSD is up for the 3rd consecutive day today after bottoming on Thursday last week. The low price reached 0.6216. That took the pair to the lowest level since early June 2020 and below the 61.8% of the move up from the 2020 low. The retracement
The Australian dollar was a mover during the session here today. AUD/USD tested higher in the Sydney morning, ahead of wages data due at 11.30am Sydney time. The Wage Price Index data for Q1 of this year came in below central expectations on both q/q and y/y (see bullets above). AUD/USD dropped in response, albeit
Gold prices edged higher on Wednesday, as a weakening dollar countered pressure from stronger Treasury yields and an aggressive stance on inflation by the U.S. Federal Reserve chief. A weaker dollar makes gold more attractive for buyers holding other currencies. FUNDAMENTALS * Spot gold was up 0.1% at $1,816.56 per ounce, by 0106 GMT. U.S.
Overall risk sentiment is stable in Asian session today. Australian and New Zealand Dollar are trading mildly higher as recoveries extend, while Sterling is also slightly higher. On the other hand, Yen is softening together with Swiss Franc and Dollar, and that is in-line with risk trades. Euro and Canadian Dollar are mixed for now.
Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he won’t hesitate to back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the central bank leader told the Wall Street
In this article WMT Walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin, as the nation’s largest retailer felt pressure from rising fuel costs and higher levels of inventory. Shares were down nearly 7% in premarket trading. The company raised its outlook for sales this year, saying it expects
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United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Market Risk Advisory Committee (MRAC) on Tuesday. She replaced CFTC chair Rostin Behnam in that role. Johnson was nominated to be a CFTC commissioner by U.S. President Joe Biden in September 2021, at the same time as
Data released on Tuesday showed Industrial Production rose 1.1% in April. Analysts at Wells Fargo point out that US factories, mines and energy producers together called more capacity into service than at any other time since the start of the pandemic. They warn supply chains are not fixed and could worsen in the coming months.
USDJPY trade between its 100 and 200 hour moving averages The USDJPY is moving up with the rise in yields, stronger stocks and overall dollar buying, but did run into some technical resistance which is balancing the move now.. Looking at the hourly chart, the price of the USDJPY moved above its 100 hour moving
Stocks are falling from the high levels and the US open and that’s spread to commodities currencies and USD/JPY. The S&P 500 was more than 60 points higher at the open but is now trading up just 34 points. The intraday high was in the first seconds of trading and there has been steady selling
Mumbai: The price for premature redemption of sovereign gold bond (SGB) due on Tuesday has been fixed at Rs 5,115 per unit, an RBI release said. Premature redemption of Gold Bond is permitted after the fifth year from the date of issue and the due date of SGB 2016-17, Series III issued on November 17,
Yen and Dollar falls broadly today as risk-on sentiment is gaining steam. European majors are making a strong come back too. Sterling is boosted by upbeat job market data. Euro is also lifted after a ECB policymaker threw out the idea of a 50bps rate hike. Commodity currencies are mixed for the moment, slightly on
In this article 9618-HK Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations on profit. Here’s how JD did in the first quarter of
EUR/USD bounces off intraday low as bulls await fresh the key catalysts during three-day uptrend. US dollar stays pressured despite firmer yields, risk-on mood weigh on greenback. EC forecasts downgraded GDP estimations, Fed’s Powell expected to repeat 50 bps rate hike concerns. US Retail Sales for April, risk catalysts are also important for fresh impulse.
EURUSD extends to a new high. 100 hour MA looms. The EURUSD is moving higher helped by GBPUSDs run to new highs (now above its 200 hour MA) and overall dollar selling. Yields are lower helping to push the greenback lower. Gold is higher by $14.50 now helping the dollar selling (or is dollar selling