The EUR/USD pair is under strong selling pressure, falling below the 1.10 threshold. Below here, the way is clear for a significant slide to the 1.09 level. Key support at 1.0805 remains vulnerableLast Thursday’s rejection of the upper 1.11s (bearish outside range session) suggests a renewed bear phase for spot …
Read More »Currencies Overview: The euro fell, affected by the possibility of new sanctions against Russia
The euro fell on Monday, April 4, after Western powers said new sanctions were needed against Russia following the killing of civilians in Ukraine in what appeared to be war crimes. The euro, which is under pressure due to fears of economic damage from the war in Ukraine, fell 0.4% …
Read More »Update: Gold is rising as risk appetite is affected by the Ukraine war
Gold prices rose on Monday, as demand for the safe-haven metal was boosted by the war in Ukraine and risk aversion in broader stock markets, but its gains were limited by a rise in US Treasury yields after strong jobs data in March. And gold rose in spot transactions 0.1 …
Read More »Gold prices stabilize as the dollar rises and US bond yields
Gold prices stabilized on Monday, April 4th, with the US dollar and US bond yields rising after strong jobs data raised expectations for a sharp interest rate hike. There was little change in the price of gold in spot transactions at 1922.43 dollars an ounce. US gold futures rose 0.2% …
Read More »Inflation in Turkey jumps to a 20-year high
Data showed on Monday that annual consumer price inflation in Turkey jumped to a 20-year high of 61.14 percent in March, driven by higher energy and commodity prices in the wake of the Russia-Ukraine conflict, compounding the impact of the lira’s collapse late last year. The rate of inflation has …
Read More »Oil tops $105 as supply worries persist
Oil prices topped $105 a barrel on Monday, as concerns persisted about tight supplies due to Russia’s invasion of Ukraine and a deal on Iran’s nuclear deal despite countries withdrawing from strategic oil reserves. The invasion of Ukraine in February sharply exacerbated already existing supply concerns and raised oil prices. …
Read More »European shares open for an increase with the support of the healthcare sector
European shares rose on Monday, led by an advance in healthcare stocks, as investors awaited more Western sanctions after Ukraine accused Russia of war crimes. The pan-European Stoxx 600 index rose 0.3 percent, after ending the week with a 1 percent increase. Pharmaceutical company Roche rose 1.5 percent after the …
Read More »Japan’s Nikkei rises, supported by gains in Wall Street and Asian stocks
Japan’s Nikkei index closed higher on Monday in a range-bound session, tracking gains in Wall Street and other Asian stock markets, but chip-related stock losses limited the index’s gains. The Nikkei rose 0.25 percent to close at 27,736.47 points, after falling 0.3 percent earlier in the session. The broader Topix …
Read More »Weekly Recap – 28 March – 1 April
The dollar rose on Friday after a report showed strong US job growth in March. In addition, the unemployment rate fell to a two-year low, and wages rebounded, boosting speculation that the Federal Reserve would raise interest rates by 50 points at its meeting. Next. The widely watched US Labor …
Read More »Market Drivers – US Session – 1 April
GBP/USD fell during US trade on Friday, as the US dollar strengthened versus the majority of its G10 counterparts. following strong US economic data.The US dollar benefitted from a surge in US yields, particularly at the short-end of the curve. The bond market moves reflected a market interpreting Friday’s data …
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