The US dollar has been higher with gains ahead of Wall Street’s opening, advancing at the end of the trading day as US indexes plunged ahead of the close though Dow surged earlier on robust earnings including Disney and PepsiCo.The dollar benefited from higher government bond yields but also from …
Read More »
The USD/CHF bulls take a breather around 0.9220, after posting the biggest daily jump in one week, as traders await the key US data amid mixed interest rate-linked feelings. The Swiss Franc rallied the previous day amid the market’s rush toward the US dollar amid fears of recession. However, traders …
Read More »
The US Energy Information Administration’s February short-term energy expectations are indicating a decline of oil pricing over the next two years as well as a 50% drop in natural gas prices. In addition, the production of global liquid fuels is expected to get lower in 2023. Russia and China still …
Read More »
The gold price retreats on Thursday and is trading at $1867.54 at the time of writing. The positive US economic data earlier on the day triggered the precious metal’s jump to fresh daily high at $1890.21. US Initial Jobless Claims underpinned XAU/USD, though the metal retreated those gainsUnemployment claims rose …
Read More »
The Ten-year US Treasury yields have declined since the opening of daily trading on Thursday, affected by the decline in interest rate expectations after the emergence of fresh US employment data to denote a direct relationship between interest rate hike expectations and ten-year US Treasury yields. US Treasury yields for …
Read More »
European stocks touched a nine-month high on Thursday, supported by earnings data from companies including Germany’s Siemens and Britain’s AstraZeneca, which helped ease concerns raised by Federal Reserve officials after they stressed the need for more interest rate hikes. The Stoxx 600 index of European shares rose 0.8 percent by …
Read More »
On Thursday, the dollar hovered near the average prices it recorded during the last period against the major currencies, while investors evaluated the comments issued by a number of Federal Reserve officials, as well as anticipating the consumer price inflation data scheduled to be published next week. The dollar index, …
Read More »
The GBP/USD pair trades around 1.2070, holding on to modest intraday gains. The Euro is one of the weakest rivals of the US dollar. The shared currency is trading at 1.0716 as ECB policymakers repeated their hawkish language. ECB’s Klaas Knot said that headline inflation appears to have peaked but …
Read More »
US President Biden confirmed that relations with China have not taken a big hit. “We intend to compete completely with China but we are not seeking conflict, as that has been the case so far,” Biden said during a PBS interview late Wednesday.Biden’s comments join the recent statements from US …
Read More »
US Treasury Secretary Janet Yellen said on Wednesday “Over the past two years, we have worked successfully to ease supply chain pressures, and that includes funding pop-up container yards and moving several ports to 24/7 operations.”“While inflation remained elevated, there were encouraging signs that supply-demand mismatches were easing in many …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
