Euro Technical Outlook – EUR/USD and EUR/NOK on Diverging Paths
The Euro has been losing ground to the US Dollar while gaining against the Norwegian Krone. Can the EUR/USD steady itself before making new lows?
USD Climbs from OneWeek Low as Powell Backs Hefty Rate Hike
Fed39;s Powell says 50 bps hike on the table for May meeting Markets start building bets for three straight 50 bps hikes ECB39;s Lagarde says bank may need to cut growth outlook further NEW YORK, April 21 Reuters The U.S. dollar rose from a oneweek low on Thursday after Federal Reserve Chair Jerome Powell all […]
USD Perched at 2Y Highs, Risk Appetite Crumbles; Yuan Drops
LONDON, April 25 Reuters The U.S. dollar marched to a twoyear high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest threeday losing streak in nearly four years on growing worries of an economic slowdown in China. With war in Ukraine entering a third […]
Dollar Changes Pressure Angle
The dollar continues to push back against competitors in global markets, going on the offensive against a broader front of currencies and stock indices. Geopolitics is ceding to monetary policy its role as the primary driver. And that could be bad news for risksensitive assets, as there is still no light at the end of […]
European Stocks Slide to 1Month Low on China Slowdown Fears
Miners slump to midMarch low on China concerns Eurozone volatility gauge spikes above 30 French stocks look past Macron election win April 25 Reuters The main European stock indexes fell more than 2 on Monday as worries about an economic slowdown in China and rapid U.S. interest rate hikes overshadowed relief from French President Emmanuel […]
Gold From Haven to AntiDollar
Gold lost 1.6 since the beginning of the day on Monday, testing 1900 precisely one week after an unsuccessful attempt to get above 2000. The essential factor that puts pressure on gold is the Feds toughening rhetoric that triggers a broad selloff of risky assets. Gold speculatively played its role as a haven for the […]
USD/CNH Price Forecast: Beijing Lockdowns Pressure Yuan as PBOC Monitors
The Chinese Yuan fell sharply versus the US Dollar overnight, extending its slide as Beijing expanded its Covid lockdown to additional districts. Japan’s March unemployment rate is due out this mor…
Why net-zero targets require carbon offsets to succeed
Corporations have been making—and publicizing—their net-zero carbon emissions commitments at a rapid clip.
India Keen to Boost Oil Imports from Brazil Oil Minister
NEW DELHI, April 21 Reuters India, the world39;s third biggest oil importer and consumer, is looking at boosting oil purchases from Brazil, oil minister Hardeep Singh Puri said on Thursday after a meeting with Brazilian Energy Minister Bento Albuquerque. Currently India imports only a fraction of its oil imports from Brazil. We have expressed to […]
Japan Agrees 21B Extra Budget to Tackle Rising Living Costs
Budget estimated at 2.7 tln yen lawmaker PM Kishida faces pressure over inflation as election nears Government to announce relief measures on Tuesday More spending would add to industrial world39;s biggest debt TOKYO, April 21 Reuters Japan39;s ruling coalition on Thursday agreed a supplementary budget to support lowerincome households and small firms, signalling more spending […]