Oil – China weekly flights are 13% above pre-COVID levels

[ad_1] This snippet from ANZ on oil demand in China, some better news: signs of strength in China’s jet fuel market are likely to boost sentiment. China weekly flights have surged 13% above pre-COVID levels in the week ending 20 August. International travel is picking up, with bookings for overseas group tours during the National

Gold’s Path Hinges on US Jobs Report Amid Fed’s Data Emphasis, XAU/USD Levels

[ad_1] GOLD FUNDAMENTAL OUTLOOK Gold prices advance on Monday, supported by U.S. dollar softness and mostly lower U.S. Treasury yields The U.S. employment report, due for release later in the week, will set the tone for precious metals and the U.S. currency in the near-term This article looks at key XAU/USD’s technical levels to watch

Monday morning open levels – indicative forex prices – 28 August 2023

[ad_1] On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online. Prices are liable to swing around on not too much at all, so take care out there. Indicative rates: EUR/USD 1.0801 USD/JPY 146.45 GBP/USD 1.2581 USD/CHF 0.8848 USD/CAD 1.3588 AUD/USD 0.6409 NZD/USD 0.5906 [ad_2] لینک منبع

EURUSD Technical Analysis – Approaching key levels

[ad_1] US: The Fed hiked by 25 bps as expected and kept everything unchanged. Fed Chair Powell reaffirmed their data dependency and kept all the options on the table. The US economic data keeps on surprising to the upside, but inflation expectations and CPI readings continue to show disinflation with the last two Core CPI

JPY Intervention Levels Assessed Ahead of Jackson Hole, Yen Offered

[ad_1] Japanese Yen (USD/JPY, EUR/JPY) Analysis Asian geopolitics takes center stage as FX intervention likelihood eases USD/JPY bullish momentum continues as 10-year treasury yield rises EUR/JPY trades higher off support – LT ascending channel continues Large speculators foresee more yen weakness The analysis in this article makes use of chart patterns and key support and

US Dollar Dips as Treasury Yields Reach 2008 Levels

[ad_1] US Dollar (DXY) Analysis Recommended by Richard Snow Get Your Free USD Forecast Longer Dated Yields Soar to Impressive Levels US Treasury yields, particularly those with longer investment horizons, continue to press on. The chart below highlights the recent consolidation in the shorter-term 2-year yield (Green) and rise of longer-dated yields as indicated with

US mortgage rates reach highest levels in over 20 years

[ad_1] 30 year mortage rate at highest level in over 20 yrs US mortgage rates hit the highest level in 20 years. The average mortgage rate increased to 7.09% as reported by Freddie Mac. A year ago the rate was around 5%. The Federal Reserve’s high-rate policies have most directly impacted the housing market, causing