Gold Price & Silver Technical Analysis: Bounce Undergoing First Test
Precious metals are a good ways off their lows, but are finding the wave of opposition; levels and lines to watch.
Powering your portfolio: Piecing together crucial intraday insights for better decision support
The balance between investment risk and the quest for alpha requires significant analysis, and complexity abounds as investors monitor and interpret a wide range of intraday inputs.
Global Cenbanks Lift Rates by nearly 1,200 bps in July
LONDON, Aug 3 Reuters Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest rate hikes in July alone, ramping up their fight against multidecade high inflation with Canada surprising markets with an outsized move. Central banks overseeing five of the 10 most heavily traded currencies delivered 325 […]
Trade Deficit Adds to Indias External Balance Challenges
MUMBAI, Aug 3 Reuters India39;s record high trade deficit in July signals a further deterioration in the country39;s external balances, which is likely to keep the rupee under pressure, analysts said on Wednesday. Trade deficit in Asia39;s third largest economy widened to an alltime high of 31 billion, data on Tuesday showed, prompting concerns about […]
US Dollar Solid After Fed Kiboshes Pivot Perception to Send Treasury Yields Higher
The US Dollar firmed overnight after Fed speakers hosed down any idea that they were stepping back from their fight on inflation. Will geopolitics impact USD?
Japanese Yen Outlook: Will USD/JPY, AUD/JPY Fall as Retail Traders Go Long?
The Japanese Yen has been gaining in recent weeks. Even so, retail traders have been buying USD/JPY and AUD/JPY. Is this a sign that these pairs may continue falling ahead?
AUD/USD Hit on Stronger USD, Geopolitical Headwinds After RBA Disappointment
The Australian Dollar sank against a broadly stronger US Dollar as geopolitical risks felled market sentiment. New Zealand posted strong/week second-quarter jobs data, but NZD failed to react.
Indian Rupee Hits 1Month High, Recession Fears Weigh on USD
MUMBAI, Aug 2 Reuters The Indian rupee jumped to a onemonth high on Tuesday, as falling U.S. Treasury yields and easing bets of aggressive Federal Reserve monetary action amid recession fears kept the dollar under pressure. The partially convertible rupee was trading around 78.87 per dollar, as of 0425 GMT, hitting its strongest level since […]
JPY Continues to Strengthen on thoughts of Weak US economy
Rates as of 0500 GMT Market Recap Its said in the market that USDJPY goes up by the stairs but down by the elevator shaft. Thats because JPY is often used as a funding currency for carry trades borrowing in a lowyielding currency and investing in a highyielding currency. When these carry trades go wrong, […]
Riskoff Mood Hits European Shares; SinoU.S. Tensions Weigh
BP boosts dividend after profit hits 14year high Semiconductor stocks fall Pelosi set to visit Taiwan despite China warningssources STOXX down 0.6 Aug 2 Reuters European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were on edge as U.S. House of Representatives Speaker Nancy Pelosi was expected to […]