Australian Dollar appreciates as the ASX 200 Index continues to gain ground on Thursday. Australia’s Employment Change came in at -6.6K and the Unemployment Rate increased by 3.8% in March. US President Joe Biden calls for tripling the existing 7.5% … [Continue reading]
Fed’s Bowman: Inflation progress slows and possibly halts
Federal Reserve (Fed) Governor Michelle Bowman said Wednesday that inflation progress slows and possibly halts. Bowman further stated that monetary policy is currently restrictive and time will tell if it is "sufficiently" restrictive. Key quotes … [Continue reading]
Bitcoin price hangs in balance as bulls await hype involving BTC halving
Bitcoin price has tested $60,364 to $62,412 range, a crucial support zone, one too many times. FOMO and hype about BTC halving remains down amid enhanced market risk linked to geopolitical tensions. Bernstein report says ETF inflows will resume and … [Continue reading]
ECB’s Nagel: Price pressure in Eurozone could continue for some time
In an interview with WiWo on Wednesday, European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said that price pressures in the Eurozone could continue for some time, per Reuters. "It's not completely clear if the … [Continue reading]
UK CPI: Not what BoE wants to see after stronger-than-expected wage numbers – TD Securities
Analysts at TD Securities note that UK inflation data came in stronger than expected in March, with headline inflation falling to 3.2% y/y and core declining to 4.2% y/y. This is not what the BoE wants to see "Services, which matters the most to the … [Continue reading]
Australian Dollar pares gains amid improved US Dollar, Fed’s Beige Book due today
Australian Dollar recovers recent losses on improved market sentiment on Wednesday. Australian labor data for March are scheduled to be released on Thursday. US Dollar Index (DXY) maintains its position close to a five-month high of 106.51. The … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1025 vs 7.1028 previous
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Gold price climbs on Powell’s speech, arising geopolitical tensions
Gold climbs, reacting to Fed Chair Powell's hawkish comments and mixed US data. Tensions in the Middle East escalate, influencing Gold's status as a safe-haven asset. Market expectations reduce the likelihood of multiple Fed rate cuts this year. … [Continue reading]
US Dollar holds gains despite weak housing data
DXY Index witnesses minor incline, hitting an early November peak at 106.30. Prior to Powell's speech, US Dollar gained following strong Retail Sales data. US housing data reveals weakness with Building Permits and Housing Starts falling. Investors … [Continue reading]
Natural Gas touch stronger by 1% while markets digest Middle East tensions
Natural Gas prices show sensitivity towards the situation in the Middle East. Markets were caught by surprise as Israel said it will retaliate against Iran. The US Dollar Index pops back above 106.00 and is running into a winning streak. … [Continue reading]