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News

United States Chicago Purchasing Managers' Index registered at 43.8 above expectations (43.4) in March
United States Chicago Purchasing Managers' Index registered at 43.8 above expectations (43.4) in March | 31/03/2023 13:45
Popular News
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Gold: A deeper pullback looks likely below $1920 – UOB
Markets Strategist at UOB Group Quek Ser Leang gives his views on the prospects for the yellow metal. Key Quotes After spot gold soared to a high of $ | 02/06/2023 07:18
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FX option expiries for June 2 NY cut
FX option expiries for June 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0575 510m 1.0700 1.7b 1.0725 462m 1 | 02/06/2023 07:18
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Gold Price Forecast: XAU/USD aims to sustain above $1,980 amid fragile USD Index ahead of US NFP
Gold price (XAU/USD) is looking to fit its auction above $1,980.00 in the early European session. The precious metal has been fueled with fresh blood | 02/06/2023 07:15
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Gold Futures: Further gains not favoured
Open interest in gold futures markets dropped further on Thursday, this time by around 1.5K contracts according to preliminary readings from CME Group | 02/06/2023 07:13
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GBP/USD Price Analysis: Further upside hinges on 1.2550 breakout and US NFP
GBP/USD bulls seat idle on the driver’s seat as the all-important US NFP looms on Friday. That said, the Cable pair sticks on mild gains around 1.2535 | 02/06/2023 07:01
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Sweden Current Account (QoQ) above forecasts (60.5B) in 1Q: Actual (88.6B)
Sweden Current Account (QoQ) above forecasts (60.5B) in 1Q: Actual (88.6B) | 02/06/2023 06:01
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US Nonfarm Payrolls Report: Analyzing May NFP release
Progressing toward the United States Nonfarm Payrolls showdown, the US Dollar (USD) is on a corrective decline from two-month highs, undermined by inc | 02/06/2023 07:00
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ECB to raise rates twice more from here – Nomura
Economists at Nomura discuss ECB policy outlook. The ECB will be watching core and service prices intently over the coming months So far core inflatio | 02/06/2023 06:56
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EUR/USD loses upside momentum above 1.0760 as US NFP comes into picture, hawkish ECB bets remain solid
EUR/USD is consistently demonstrating a back-and-forth action above the critical support of 1.0760 in the early European session. The major currency p | 02/06/2023 06:48
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ECB’s Panetta: We have not reached the end of rate hike cycle
European Central Bank (ECB) executive board member, Fabio Panetta, said on Friday, “we have not reached the end of the rate hike cycle.” He added, “bu | 02/06/2023 05:28
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EUR/GBP corrective bounce from yearly low prods 0.8600 as traders recheck ECB vs. BoE formula
EUR/GBP bears take a breather at the yearly low as markets reassess the latest dynamics on early Friday. With this, the cross-currency pair picks up b | 02/06/2023 06:23
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Asian Stock Market: US debt-ceiling bill approval and Fed’s neutral commentary uplift market mood
Markets in the Asian domain posted significant gains on Friday. Rally in Asian indices is being supported by the clear passage of the US debt-ceiling | 02/06/2023 06:02
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WTI Price Analysis: Oil buyers approach $71.00 but recovery appears elusive
WTI crude oil remains mildly bid around mid-$70.00s as it defends the previous day’s recovery from a one-month low heading into Friday’s European sess | 02/06/2023 05:49
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USD/JPY eyes downside below 138.50 amid chaos in USD Index inspired by neutral Fed comments
The USD/JPY pair has found intermediate support near 138.50 in the Asian session. The asset is expected to deliver more downside as the US Dollar Inde | 02/06/2023 04:27
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USD/INR Price Analysis: Faces resistance around 82.40 as USD Index drops further
The USD/INR pair has sensed selling pressure around 82.40 in the Asian session amid a sheer sell-off in the US Dollar Index (DXY). The USD Index fell | 02/06/2023 03:48
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US Treasury Sec. Yellen: Debt ceiling legislation protects the full faith and credit of the United States
“Debt ceiling legislation protects the full faith and credit of the United States and preserves our financial leadership,” US Treasury Secretary Janet | 02/06/2023 04:37
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AUD/USD refreshes weekly top above 0.6600 as RBA, Fed concerns join mild optimism ahead of US NFP
AUD/USD bulls stay in the driver’s seat as it renews weekly top near 0.6615 heading into Friday’s European session. In doing so, the Aussie pair cheer | 02/06/2023 04:36
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EUR/USD bulls flex muscles near 1.0780 hurdle amid mixed feelings of ECB, Fed hawks, focus on US NFP
EUR/USD clings to mild gains around 1.0760-65 as it lacks follow through of the previous day’s heavy run-up amid the market’s cautious mood ahead of t | 02/06/2023 04:20
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Japan’s Suzuki: FX rate moves are driven by the market and various factors
Japanese Finance Minister Shunichi Suzuki said on Friday, FX rate moves are driven by the market and various factors. Further comments “A weak Yen has | 02/06/2023 03:18
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US Pres. Biden looking forward to signing debt-ceiling bill after the Senate passage
US President Joe Biden is crossing the wires after a majority of Senate votes to pass the debt-ceiling bill. The bill will be now sent to President Bi | 02/06/2023 03:14
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Gold Price Forecast: XAU/USD bulls can stay hopeful above $1,968, US NFP, Fed clues eyed – Confluence Detector
Gold Price (XAU/USD) remains on the bull’s radar as it prints the first weekly gain in four heading into the key US employment report for May amid cau | 02/06/2023 02:54
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USD/MXN Price Analysis: Mexican Peso appears well-set to refresh monthly low near 17.42
USD/MXN prods intraday low near 17.54 as it run the previous day’s bearish play despite limited audience on early Friday. In doing so, the Mexican Pes | 02/06/2023 02:36
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S&P500 Futures edge higher, yields lick their wounds amid pre-NFP positioning
Risk appetite remains sluggish amid typical pre-NFP inaction during early Friday. Even so, the markets remain cautiously optimistic as hawkish Fed bet | 02/06/2023 03:22
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NZD/USD approaches 0.6080 as USD Index prepares for a fresh downside, US NFP in focus
The NZD/USD pair has moved to near the crucial resistance of 0.6080 in the Asian session. The Kiwi asset has gained strength as the US Dollar Index (D | 02/06/2023 03:07
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USD/CHF Price Analysis: Prods 200-HMA amid oversold RSI as US NFP looms
USD/CHF holds lower ground near 0.9050 during early Friday, after positing the biggest daily loss in two weeks, as the key technical catalysts challen | 02/06/2023 02:58
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Natural Gas Price Analysis: Bulls step in but face wall of resistance
Nat-gas on Thursday fell sharply to a 1-month low as the following technical analysis will illustrate. The commodity is under pressure due to ample su | 02/06/2023 02:57
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GBP/USD: Cable grinds above 1.2500 as BoE vs. Fed play intensifies, US jobs report eyed
GBP/USD aptly portrays the pre-NFP anxiety in markets during early Friday as it seesaws around 1.2530 by the press time. In doing so, the Cable pair a | 02/06/2023 02:37
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USD/CAD Price Analysis: Continues to remain sideways below 1.3450 ahead of US NFP
The USD/CAD pair is demonstrating back-and-forth action below 1.3450 in the Tokyo session. The Loonie asset has muted after a perpendicular sell-off a | 02/06/2023 02:34
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Australia Home Loans came in at -3.8%, below expectations (3%) in April
Australia Home Loans came in at -3.8%, below expectations (3%) in April | 02/06/2023 01:31
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Australia Investment Lending for Homes: -0.9% (April) vs previous 3.7%
Australia Investment Lending for Homes: -0.9% (April) vs previous 3.7% | 02/06/2023 01:31
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