Euro plunged more than 1.3% against the Dollar this week with EUR/USD now approaching support a the yearly low. Levels that matter on the weekly technical chart.
This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, July 1 Reuters The Russian rouble plunged more than 6 against the dollar on Friday to its weakest level in 10 days, while shares in Gazprom extended losses after the gas giant cancelled dividend payments, pressuring Russian stock […]
BENGALURU, July 1 Reuters Gains in consumer goods and financial stocks helped India39;s bluechip share indexes recover sharply on Friday, after government export duties on oil products triggered a plunge in energy majors Reliance Industries and ONGC. The NSE Nifty 50 index ended 0.18 lower at 15,752.05 on the first trading day of the second quarter […]
July 1 Reuters A handful of companies including chipmakers Micron and AMD are signalling an easing in the twoyear long global shortage of semiconductor chips as rising inflation and cooling economies squeeze consumer and corporate spending. Micron Technology Inc, a maker of memory chips, forecast on Thursday much worsethanexpected revenue for the current quarter and […]
Rates as of 0500 GMT Market Recap Tremendous volatility in JPY and AUD! Its hard to say exactly what triggered the move. USDJPY was moving lower JPY strengthening when the US personal income spending figures were released see above. The spending data was weaker than expected, which temporarily caused a riskoff move in the markets. […]
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.
For the ultra-rich living in some of the world’s most expensive cities the surging prices of luxury items have taken a bite out of their purchasing power.
The US Dollar found support as risk assets were hit by negative sentiment surrounding the increasing chance of a global recession. Will a slowdown boost USD (DXY)?