The US dollar turned higher on Wednesday after two consecutive days of losses as the recent decline in US Treasury yields halted, and the dollar’s rally outpaced the euro and the New Zealand dollar that had earlier surged, driven by an announcement of tight monetary policy from the central bank. …
Read More »US: Durable Goods Orders rise in April
US Durable Goods Orders rose by 0.4% MoM in April, the latest data from the US Census Bureau on Wednesday showed, below expectations for a 0.6% rise and down from March’s 0.6% MoM growth rate (which had been downwardly revised from 0.8%). The more widely followed Core Durable Goods Orders …
Read More »Reuters: Japan government to urge BOJ to meet inflation goal sustainably
Japan’s government is seen calling on the Bank of Japan (BOJ) to strive for achieving its 2% inflation target in a “sustainable and stable fashion,” Reuters reports on Wednesday, having seen a draft of its long-term policy outline. “The government will continue to conduct macro-economic policy flexibly … with a …
Read More »Russia is ready to open a corridor for ships leaving Ukraine with food exports
Russian Deputy Foreign Minister Andrei Rudenko said on Wednesday that Russia is ready to provide a humanitarian corridor for ships carrying foodstuffs to leave Ukraine, in exchange for the lifting of some sanctions, Interfax news agency quoted Russian Deputy Foreign Minister Andrei Rudenko as saying Wednesday. Ukraine’s Black Sea ports …
Read More »The dollar rises from its lowest level in a month
The US dollar turned higher on Wednesday after two consecutive days of losses as the recent decline in US Treasury yields halted, and the dollar’s rally outpaced the euro and the New Zealand dollar that had earlier surged, driven by an announcement of tight monetary policy from the central bank. …
Read More »European shares rise after a wave of selling
European shares rose on Wednesday with positive data on German market sentiment as investors watched what central banks would do to tighten monetary policy amid growing concerns about slowing economic growth. The pan-European Stoxx 600 index rose 0.8 percent by 0714 GMT, supported by gains across all sectors. The index …
Read More »Gold falls with the rise of the dollar
Gold prices fell on Wednesday with the rise of the dollar, while investors awaited the statement of the monetary policy meeting of the Federal Reserve for the month of May, in search of indications on the expected amount of the next US interest rate hike. And by 0636 GMT, gold …
Read More »Dow Jones touches the desired goal 25/2022
Oil, Crude, trading
Read More »GBP/JPY: may witness a temporary rise 25/5/2022
GBP/.JPY was able to touch the targets that need to be achieved during the previous analysis, at 158.70, surpassing the target and recording its lowest level at 158.00. On the technical side, today, and with careful consideration on the 60-minute chart, the limited positivity signs started appearing on the momentum …
Read More »CAD is trying to rise 25/5/2022
We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals to find the Canadian dollar for the second consecutive session, unable to break the strong support level at 1.2770 and obtain a positive closing above the mentioned level to retest 1.2870. Technically, we tend in …
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