7/25/2022, 9:37:33 AM
In recent trade today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.7543 vs. the last close of 6.7518.
6/23/2022, 10:29:56 AM
The market for share sales hasn’t been this bad in nearly two decades, with few willing to take a chance in a grim investment climate.
8/4/2022, 10:11:48 AM
Gold price (XAU/USD) prints mild gains around $1,767, despite the latest retreat from the intraday high during Thursday’s Asian session.
6/23/2022, 11:19:21 AM
The Federal Reserve's decision to hike interest rates by 75 basis points this week only increases the chances of a prolonged economic recession and a deep sell-off in the stock market, according to Axonic Capital's Peter Cecchini.
7/13/2022, 10:47:34 AM
The USD/JPY pair is scaling higher on a bullish open-rejection reverse trading structure. The asset opened at 136.83 and slipped lower to 136.70
6/29/2022, 2:05:04 PM
The last Bank of England (BoE) rate meeting has so far been unable to provide support for sterling. Economists at Commerzbank do not expect the EUR/GBP pair to move back lower again.
6/23/2022, 10:30:16 AM
The US Dollar set a fresh 20-year-high this week, and then pulled back the day after the FOMC rate decision, falling by more than 2% after the Fed’s largest hike in 28 years.
6/27/2022, 3:57:31 PM
Gold Price extends Friday’s recovery to $1,836 ahead of Monday’s European session. The precious metal’s upside moves could be linked to the softer US dollar, as well as chatters surrounding a ban on gold imports from Russia.
8/4/2022, 4:39:47 PM
Cardano price prepares for a rebound despite consecutive delays in the Vasil hard fork. Analysts have identified bullish potential in the altcoin, predicting a breakout past resistance at $0.55.
8/8/2022, 9:56:09 AM
In an appearance before the Kansas Bankers Association, on Saturday, US Federal Reserve (Fed) Governor Michelle Bowman said that she strongly supports super-sized rate increases to fight inflation, per Wall Street Journal (WSJ).
7/6/2022, 1:55:39 PM
In the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, AUD/USD risks a drop to 0.6730 in the near term.
7/14/2022, 10:37:38 AM
NZD/USD remains pressured during the first loss-making day in three as sellers flirt with the 0.6100 threshold amid Thursday’s mid-Asian session.
7/26/2022, 5:02:13 PM
GBP/USD is extending its pullback from three-week highs of 1.2091 in the European session, as risk-off flows dominate amid the worsening European gas crisis and an imminent recession in Germany.
7/1/2022, 1:22:07 PM
Gold prolonged this week's bearish trend and continued losing ground for the fifth successive day on Friday. As FXStreet’s Haresh Menghani notes, bearish traders await a sustained break below $1,800.
7/5/2022, 3:53:41 PM
Pressured by the broad-based dollar strength, EUR/USD has extended its daily slide and touched its lowest level since December 2002 below 1.0340.
7/5/2022, 2:04:32 PM
Gold Price is making headway to the north this Tuesday. However, recovery appears limited by $1,821, with death cross in play
7/1/2022, 10:12:21 AM
GBP/USD reverses the previous day’s corrective pullback from a two-week low, refreshing intraday bottom around 1.2150 during Friday’s Asian session.
8/1/2022, 2:12:52 PM
USD/CAD retreats to 1.2805 heading into Monday’s European session. Even so, the Loonie pair snaps a three-day downtrend while defending buyers around the lowest levels in six weeks.
7/28/2022, 1:26:44 PM
Copper prices, as per the COMEX Futures, have displayed a juggernaut rally as the US dollar index (DXY) has shifted into a negative trajectory. The base metal has remained shy of the crucial resistance of $3.50, however, the asset is expected to overstep the same swiftly.
7/19/2022, 5:01:19 PM
EUR/USD surged above 1.0200 in the early European morning on reports claiming that the European Central Bank (ECB) policymakers were going to discuss whether they should hike the policy rate by 50 basis points on Thursday.
6/23/2022, 11:19:30 AM
BYD stock is racing toward highs as the China EV giant seizes Tesla's sales crown. Now it's going to supply Tesla with batteries.
7/22/2022, 3:52:41 PM
Bitcoin price has shattered through the $17,578 to $21,710 range as it rallied 28% between July 13 to July 20. This move has also pushed past the $22,844 resistance level and is currently flipping it into a support barrier.
7/20/2022, 3:03:27 PM
“German producer prices in June were 32.7% higher than a year earlier. However, in intermediate goods there are initial signs that price pressure is no longer quite so strong,” Senior Economist at Commerzbank Research noted in their latest Economic Briefing published on Wednesday.
7/12/2022, 1:53:44 PM
The British pound has weakened in the past month as mounting economic pressures are furrowing the outlook. Economists at the National Bank of Canada expect the GBP to remain capped in the near-term.
8/2/2022, 10:12:31 AM
The USD/JPY pair carry-forwarded its four-day losing streak on Tuesday after violating Monday’s low at 131.60 in the early Tokyo session. The pair has surrendered around 6.4% from its recent high of 139.39 printed on July 14.
6/23/2022, 11:19:16 AM
In early January, the outlook for the next 12 months looked pretty rosy to Wall Street, with some predicting that the S&P 500 Index would reach 5,500 by year’s end. But 2022 had other plans.
7/6/2022, 4:58:52 PM
The EUR/GBP cross struggled to capitalize on the previous day's modest rebound from over a two-week low and attracted fresh selling near the 0.8600 mark on Wednesday.
6/30/2022, 3:08:39 PM
The US dollar remains on a sound footing. This trend is set to persist until the Fed’s frontloaded policy tightening cycle is near concluding, according to economists at Westpac.
6/28/2022, 10:48:34 AM
Gold price (XAU/USD) is displaying back and forth moves in a narrow range of $1,821.76-1,825.55 in the Tokyo session. The precious metal is trading lackluster right from the first tick on Tuesday. Earlier, the gold prices witnessed a steep fall after failing to surpass the critical hurdle of $1,840.00. Considering the ongoing inventory distribution, a downside move below Monday’s low at $1,820.85 will drag the bright metal significantly.
7/21/2022, 11:40:03 AM
Gold price has settled below the psychological support of $1,700.00 firmly. The precious metal has printed a fresh 11-month low at $1,690.04 and is expected to display more downside as the asset has not displayed any recovery signs yet.
6/24/2022, 10:45:40 AM
The ruble is at its strongest level in seven years, even so strong that the Central Bank of Russia has actively taken measures to weaken it, fearing that it could make exports less competitive. more competitive.
6/23/2022, 5:33:13 PM
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers' Index (PMI) fell to 53.4 in June vs. 53.7 expected and May final result is 54.6.
7/27/2022, 1:55:15 PM
The USD/CHF pair has attracted some bids around 0.9610 after slipping minutely below Tuesday’s low. The less-reactive asset is displaying topsy-turvy moves as the US dollar index (DXY) is misbehaving with the ultra-short-term investors ahead of the Federal Reserve (Fed) monetary policy meeting.
7/4/2022, 3:08:47 PM
The US Dollar Index (DXY) jumped by close to 3.0% in June. Economists at MUFG Bank expect the greenback to remain on solid foot before reversing back lower by year-end and more evident in 2023.
7/21/2022, 3:16:37 PM
Gold price is extending the overnight breakdown momentum below the $1,700 mark and continued losing ground for the second successive day on Thursday. The downward trajectory dragged the XAUUSD to its lowest level since August 2021, around the $1,689-$1,688 region during the early European session.
7/15/2022, 10:29:00 AM
The USD/CAD pair is auctioning in a range of 1.3093-1.3141 from Thursday after meeting with long liquidations by the market participants. The asset witnessed correction after printing a fresh yearly high of 1.3223.
7/22/2022, 9:21:30 AM
The Japanese Finance Minister, Shunichi Suzuki, said on Friday that hiking rates could knock the economy's recovery, signalling support for the Bank of Japan's stance to keep monetary stimulus despite a global tightening trend amid rising inflation.
7/29/2022, 9:22:33 AM
apanese Ministry of Finance announced on Friday that it has set aside JPY 257 billion in budget reserves to combat rising oil and broader prices.
7/8/2022, 2:11:14 PM
USD/JPY rebounds from intraday low surrounding 135.30 but remains pressured around 135.70 as it snaps the four-day uptrend during early Friday in Europe.
6/27/2022, 4:21:57 PM
SNB gains surprise to stronger franc against dollar, economists at UBS have downgraded USD/CHF Rate forecast to 0.94 for end-September, 0.93 for end-December, 0.91 for the end of March 2023 and 0.88 for the end of June 2023 (from 0.98, 0.96, 0.94 and 0.92 respectively).
8/9/2022, 10:41:07 AM
China is expected to further increase its use of pro-growth policies, with fiscal and monetary policy becoming fully coordinated in the second half of 2022.
7/26/2022, 9:51:10 AM
GBP/USD grinds higher at the monthly top, printing the four-day uptrend as it rises to 1.2085 during Tuesday’s Asian session. it’s worth noting that the cable pair’s recent strength takes clues from the US dollar’s weakness while ignoring concerns over UK inflation and politics.
7/7/2022, 11:39:19 AM
GBP/USD grinds higher around the intraday top near 1.1950, snapping a two-day downtrend at the lowest levels since 2020.
7/11/2022, 3:30:52 PM
The European currency comes under renewed and quite strong downside pressure and drags EUR/USD back to the vicinity of the 1.0100 region on Monday.
6/29/2022, 1:56:09 PM
European Central Bank (ECB) policymaker Gediminas Simkus backs the case for a 50 bps rate hike in September.
6/30/2022, 9:34:03 AM
AUD/USD welcomes upbeat China PMI while picking up bids at around a two-week low during Thursday’s Asian session. In doing so, the Aussie pair leans recovers from the recently flashed bottom of 0.6853, at 0.6873 by the press time.
8/9/2022, 3:27:24 PM
The USD/JPY pair extends its sideways consolidative price move through the first half of the European session and remains confined in a narrow range near the 135.00 mark on Tuesday.
8/5/2022, 9:28:46 AM
Japan’s Industry Minister Koichi Hagiuda said on Friday that they “will continue to look to Australia for stable LNG supply despite potential curb of LNG exports by Australia.”
8/3/2022, 8:43:52 AM
Silver price (XAG/USD) extends the previous day’s losses as bears approach the $19.75 key support during Wednesday‘s Asian session.
6/24/2022, 3:26:52 PM
German IFO Business Climate Index dropped sharply to 92.3 in June versus last month's 93.0 and the consensus estimates of 92.9.
7/4/2022, 4:29:10 PM
The single currency starts the week on a positive note and pushes EUR/USD back to the 1.0450 region on the back of renewed dollar weakness.