© Reuters. The US dollar is showing signs of strain against commodity currencies, despite the rise in yields, indicating a market shift favoring growth over rate differentials, as reported on Thursday. This situation emerges as the Federal Reserve considers potential further rate hikes that could have adverse effects on the US economy. Earlier this week,
GBPUSD daily Cable may have found a bottom. The US dollar has sold off broadly today but the pound is taking particular advantage, up 150 pips to 1.2349. It’s the best gain since a powerful stretch of gains in early June. That series of gains is a reminder that the pair can run when it
Share: Silver price jumps from $22.70 to $23.07, testing crucial resistance at 200-DMA of $23.26. A breach of 200-DMA could expose next resistance levels at $23.69 and Bollinger bands top at $23.80. If Silver falls below $23.00, supports are $22.94, $22.44, and 20-day EMA at $22.25. Silver price jumped above the $23.00 figure
GOLD, XAU/USD, US Dollar, Treasury Yields, Crude Oil, – Talking Points Gold hit the high notes again today as it scopes new highs Markets are reassessing the outlook with equity markets reeling If the risk-off sentiment prevails, will XAU/USD break above 2000? Recommended by Daniel McCarthy Get Your Free Gold Forecast The spot gold price
S&P500 & NAS100 PRICE FORECAST: SPX Faces a Host of Challenges as Recovery Hopes are Dashed by Rising US Yields and Poor Tech Earnings. Google Parent Alphabet Fell as Much as 8.7% as it Missed Expectations for its Cloud Business as Microsoft Gained 2.3% as it Beat Estimates. Meta and IBM Reporting After Market Close.
Share: Focus back on the Euro. Economists at Commerzbank analyze the single currency outlook. Euro might suffer a dampener if Eurozone PMIs do not stabilise The Eurozone PMIs, due for publication today, are likely to further dampen any hopes of an economic recovery. The indicators are likely to confirm the projections of our
Share: USD/JPY trades around 149.52, marking a slight gain of 0.02% from Monday. US 10-year Treasury bond yield climbs nine basis points to 4.70%, despite Philadelphia Fed Harker dovish comments. Japanese economic data to feature Balance of Trade; Yen watches for intervention threats. USD/JPY fluctuates at around 149.52 as Tuesday’s Asian session begins
Share: Canadian Dollar flows are resurfacing after Thursday’s nosedive, propped up by a reinvigorated oil bid. Canada economic data remains thin until Tuesday’s CPI print. US Dollar giving back yesterday’s gains after consumer sentiment miss. The Canadian Dollar (CAD) caught a mild recovery on Friday, paring back Thursday’s dip after broad-market risk sentiment
© Reuters. A man rides a bicycle past a sign directing to Ettadamen district, in Tunis, Tunisia June 24, 2022. Picture taken June 24, 2022. REUTERS/Jihed Abidellaoui By Jorgelina do Rosario LONDON (Reuters) – Tunisia reached a preliminary deal with the International Monetary Fund a year ago on a $1.9 billion loan programme, but 12
© Reuters. The Reserve Bank of India (RBI) has stepped into the forex market this Wednesday, potentially employing a Sell Buy Swap strategy to stabilize the rupee, which has been under pressure due to soaring US Treasury yields. This move comes as the US Treasury yields reached a peak of 4.88%, according to information released
