May 2022 – Page 28 – UAG Trade Asia

NZD/USD IG Client Sentiment: Our data shows traders are now at their most net-long NZD/USD since Dec 21 when NZD/USD traded near 0.68.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.

May 17, 2022
Finance
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US 10year bond yields fell last week, retreating from the 3.2 mark. This is one of the most critical levels of the debt market during the previous ten years, so investors and traders should pay increased attention to further developments. 10year yields have reversed to the downside near the 3.2 level five times since mid2011, […]

Euro Pauses as Markets Take Stock Ahead of Fed Chair Powell. Will EUR/USD See New Lows?

The Euro has lifted off recent lows as the US Dollar softened ahead of commentary from Fed Chair Jerome Powell today. Will EUR/USD overcome momentum?

Gold Price Forecast: Fundamentals, Technicals Still Bearish – Levels for XAU/USD

Gold prices don’t have much going for them in the near-term.

May 16, 2022
Finance
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HONG KONG, May 16 Reuters The dollar started the week just off a 20year high against its peers on Monday, as investors sought safety due to fears about global growth that were highlighted by Monday39;s poor Chinese economic data, sending the Aussie dollar lower. The dollar index was at 104.57, having briefly crossed the 105 […]

May 16, 2022
Finance
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Rates as of 0500 GMT Did you see the total eclipse of the moon this morning? Ive never seen one before so I got up at 430 AM, when it was supposed to be just starting, to check it out. Nothing. Went back out at 510 nothing. Went back at 530, when it was supposed […]

May 16, 2022
Oil
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EU hopeful of Russian oil embargo deal in May, diplomats say China April oil refinery output at 2yr low as COVID curbs bite China39;s economy cools sharply in April U.S. gasoline futures hit alltime highs TOKYO, May 16 Reuters Oil prices fell on Monday, paring early gains as investors took profit following a surge in […]

May 16, 2022
Business
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PARIS, May 16 Reuters French retailer Casino said in a statement it had launched a process to sell its renewable energy unit GreenYellow with a view to a potential transaction by the end of the year. On Friday, French financial daily Les Echos reported that French energy giant TotalEnergies and power company Engie are eyeing the acquisition of […]

May 16, 2022
Business
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US stock markets closed last Friday with a substantial and widespread gain. Do we see a dead cat bounce or the beginning of a recovery? So far, there are more reasons to suspect the former. The CNN Fear Greed Index was down to 7 last week, rebounding to 12 by Monday. Current levels are still […]

May 16, 2022
Forecast
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Risk assets climbed going into the weekend, but it wasn’t enough to pull major US indexes into positive territory. Traders are watching the wires for further clues on inflation and the global labor…

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NZD/USD IG Client Sentiment: Our data shows traders are now at their most net-long NZD/USD since Dec 21 when NZD/USD traded near 0.68.

US Bond Market may Decide Dollar Fortune this Week

Euro Pauses as Markets Take Stock Ahead of Fed Chair Powell. Will EUR/USD See New Lows?

Gold Price Forecast: Fundamentals, Technicals Still Bearish – Levels for XAU/USD

Dollar Starts Week Strong, Poor Chinese Data Hurts Aussie

NZD Down on Reduced RBNZ tightening Expectations; Empire State index, Overnight UK employment data

Oil Slides as Investors Take Profit; Supply Fear Still Looms

Casino says it Plans to Sell Renewable Energy Unit

Fridays Stock Rise is Probably a Dead Cat Bounce

Markets Week Ahead: Dow Jones, US Dollar, Oil, GBP/USD, AUD/USD

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