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The news and analysis archive

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The news and analysis archive
4
Jul

RBA Rate Decision, Eurozone PPI, German Trade Balance

The U.S. dollar traded overall stronger on Friday, reaching intraday new recent heights for the USD/ZAR and USD/MXN pairs, while the USD/INR pair edged once again higher to a new r...

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Gold wobbled on higher USD and Indian tariffs; Dow recovered

Gold wobbled on higher USD and Indian tariffs; Dow reco...

Gold (XAU/USD-Spot) soared from around 1802.20 to 1825.90 Thursday soon after BEA data shows some easing of US Core PCE inflation, which may prevent the Fed from any further jumbo ...

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1
Jul

Eurozone CPI, Manufacturing PMI, U.S. ISM Manufacturing...

After a mixed performance on Thursday, the U.S. dollar rebounded by Friday morning and was trading overall stronger against other majors and emerging market currencies with the USD...

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Wall Street recovered on ease of US core PCE inflation

Wall Street recovered on ease of US core PCE inflation

Dow Future stumbled almost -500 points early Thursday as Fed Chair Powell sounded more hawkish on inflation management than the market expected in his ECB forum speech. On Wednesda...

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30
Jun

France CPI, EU Unemployment Rate, U.S. PCE Price Index,...

Crypto markets remain under pressure with Bitcoin on track for its fifth day with a lower valuation after the recent peak on Sunday. While Bitcoin is trading now in the lower $19k ...

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Dow stumbled as Fed’s Powell sounded more hawkish on inflation

Dow stumbled as Fed’s Powell sounded more hawkish on in...

Dow Future stumbled on the renewed concern about the Chinese ZERO COVID policy and synchronized global stagflation. Wall Street Futures jumped almost +5.64% last week as 5Y UM infl...

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29
Jun

ECB Forum, EIA Oil Data, German CPI

The U.S. dollar traded stronger against most other major and emerging market currencies. In this sentiment the USD/INR rate reached a new all-time high as it traded above the level...

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Oil surged on G7 effort to limit Russian supply further

Oil surged on G7 effort to limit Russian supply further

Oil (WTI-July Exp) made a multi-day high around 111.70 early European sessions Tuesday on G7 effort to limit Russian supply further and no signs of any truce between Russia-Ukraine...

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28
Jun

U.S. House Price Index, Consumer Confidence, API Oil Da...

The USD/TRY pair recovered quickly from the session lows, but was still overall pointing towards a clearly strengthened lira after the surprise decision by the Turkish authorities ...

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27
Jun

U.S. Pending Home Sales, Durable Goods Orders, Nike Ear...

The Turkish lira (TRY) significantly appreciated against other major currencies on Friday with the USD/TRY pair further dropping by around three per cent on Monday morning. Accordi...

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Fed has to ensure a fine balance between inflation and employment

Fed has to ensure a fine balance between inflation and ...

Fed Chair Powell is now under huge pressure from Democrats to avoid an all-out recession-like scenario to bring down 40-years high inflation. In the testimony, key Democrat Senator...

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Wall Street jumped as 5Y UM inflation expectation eased slightly

Wall Street jumped as 5Y UM inflation expectation eased...

Wall Street Futures were already boosted in the last few days on less hawkish Powell testimony, hopes of a Russia-Ukraine ceasefire amid the possibility of a meeting between U.S. P...

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24
Jun

German Ifo Survey, U.S. New Home Sales, Consumer Sentim...

While the Indian rupee traded this week at a new low against the dollar, Bloomberg quotes an analysis by Bank of America indicating that a further devaluation is possible given the...

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Dow wobbled as Fed almost confirmed 75 bps rate hikes in July

Dow wobbled as Fed almost confirmed 75 bps rate hikes i...

Wall Street Futures were upbeat Wednesday on less hawkish Powell testimony. On Thursday, on his 2nd day of ‘painful political grilling’ by U.S. lawmakers (House) on both sides of t...

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23
Jun

U.S. Current Account, Jobless Claims, Japan CPI, EIA Oi...

The U.S. dollar traded once again moderately lower as reflected by the market move in the USDX Index. At the same time the AUD/USD and NZD/USD pairs traded clearly lower while GBP/...

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Gold, Dow surged as bond yield slips on less hawkish Powell talks

Gold, Dow surged as bond yield slips on less hawkish Po...

Gold (XAUUSD) snapped 3-day losing streaks Wednesday and surged to a high of 1847.85 as US bond yield slips on less hawkish Powell talks. Earlier Gold made a 4-day low around 1823....

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22
Jun

UK Inflation, API Oil Data, ECB Meeting, Fed Chair at C...

After trading within a fairly restricted range to the upside over the past week the USD/TRY broke out higher on Tuesday, trading at its daily peak at times close to the 17.5-mark. ...

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Wall Street soared on hopes of Biden-Xi talk over Russia-Ukraine

Wall Street soared on hopes of Biden-Xi talk over Russi...

Wall Street Futures were already upbeat Monday in holiday-thinned trade on positive cues from the other side of the Atlantic (Europe) amid less hawkish Putin comments about Ukraine...

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21
Jun

U.S. Existing Home Sales, Canada Retail Sales, NZ Trade...

As many major crypto coins continued to recover, the estimated total crypto market cap surged well above the $950 billion mark after over the weekend the metric at times was depres...

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Dow Future surged on the Fed’s QE-5 signal in case of a recession

Dow Future surged on the Fed’s QE-5 signal in case of a...

Dow Future surged over +400 points Monday in holiday-thinned trade on positive cues from the other side of the Atlantic (Europe) amid less hawkish Putin comments about Ukraine and ...

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