House Speaker Kevin McCarthy traveled to the New York Stock Exchange Monday to deliver a warning to Wall Street about the debt ceiling crisis.There is a growing chance Washington “will bumble into the first default in our nation’s history,” the Republican said on his 100th day as House Speaker, adding …

The USD/JPY pair hit new five-week highs at 134.57; it is currently trading at 134.42, with bulls seeking 135.00. The USD/JPY oscillators favour more upward movement. Below 134.00, there are dangers on the downside that could push the USD/JPY rate as low as 133.00. Following the Federal Reserve (Fed) policymakers’ …

Gold price resumed downside on Monday, fall to the $1,980$ area. The Us Dollar rises across the board, boosted by higher US yields.Gold price resumed the downside on Monday, breaking under $1,990. XAU/USD bottomed at $1,980 reaching the lowest level in a week. The precious metal is trading at 1995.70, …

The EUR/USD pair falls for the second straight day, as sellers are eyeing 1.0800. US New York Empire State Manufacturing Index climbed for the first time in five months. The pair losses traction on technical reasons and on a stronger US Dollar (USD, as speculations that the US Federal Reserve …

The US Treasury has warned US companies of possible evasions of the Russian petroleum price cap of crude oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in eastern Russia. The Office of Foreign Assets Control (OFAC) at the department said it is aware of reports that …

Market Drivers – US Session 14/04/2023 Markets are digesting mixed signals amid a state of renewed uncertainty. Not even officials of major central banks know what to do or what they will have on their agendas next. After crucial economic data from the US, what is clear is that the …

Another significant movement is finishing the week with the price of gold. Gold lost all weekly gains on Friday, sliding $40 for the day after reaching a 13-month high on Thursday. On a macro level, hawkish comments made by Fed officials and good economic news are having an impact on …

Despite declining on Friday, the Dow Jones Industrial Average had a good week as investors weighed a disappointing retail sales report that dampened expectations for a stronger-than-expected start to corporate earnings. To reach 33,886.47, the 30-stock Dow fell 143.22 points, or around 0.42%. S&P 500 index decreased 0.21% to 4,137.64. …

The USD/CAD pair is on its way to closing below 1.3400 for the lowest weekly close since February. The Canadian Dollar has some room to rise in the near future, according to MUFG Bank analysts. Analysts have been relatively skeptical about the prospects for CAD, and overall for the year, …

Less bad news than true positive news is being reflected in the strength of the British pound. Analysts note that the Bank of England will be heavily reliant on UK data (including employment and inflation) the following week. Although the pound has done well this year, recent data may have …