The US Dollar’s impressive run may be interrupted by the upcoming FOMC policy decision, but a pullback may be short lived as an expected balance sheet reduction plan could strain liquidity in markets.
The stock market remains vulnerable to more selling; support lies below, but any bounce from here is viewed as likely to get sold.
An uncertain geopolitical backdrop continues to support both WTI and Brent but technical levels provide an additional catalyst for Oil prices.
The Australian Dollar underperformed against the US Dollar last week despite a hotter-than-expected local CPI report. Could an RBA rate hike revive AUD/USD bulls?
Russian rouble hits 74.0525 vs euro, over 2year high Rouble touches 6month high of 70.3075 vs dollar Russian central bank cuts rates by 300 bps to 14 Capital controls still affecting Russian market moves April 29 Reuters The Russian rouble rose against the euro to the highest in more than two years on Friday and […]
SINGAPORE, April 29 Reuters The dollar edged off a 20year high on Friday, but was within sight of its best monthly gain in a decade, buoyed by bets on rising U.S. interest rates and worries about growth in Europe and China. It has climbed each week in April, with this week39;s rise thanks to the […]
U.S. economy unexpectedly contracts in the first quarter Dollar off 20year highs Silver, platinum also headed for monthly drops April 29 Reuters Gold rose on Friday as worrying U.S. economic data rekindled some interest in the safehaven metal, but bullion was likely to log its first monthly drop since January on bets for aggressive interest […]
April 29 Reuters Russia39;s central bank lowered its key interest rate to 14 in a sharperthanexpected move on Friday and said it saw room for cutting rates further this year, as it tries to manage a shrinking economy and soaring inflation. The central bank met after it unexpectedly cut the key rate to 17 earlier […]
Gold prices saw rejection on Friday at a key level and given next week’s economic calendar, bears may not be finished yet.
Q1 profit 1.2 billion pounds, up 41 Tougher times loom as inflation squeezes customers Income boosted by buoyant housing market LONDON, April 29 Reuters British lender NatWest posted a 41 jump in firstquarter profit on Friday, as rising rates boosted income even as they threaten to further squeeze household incomes. While banks have benefitted from the […]