Tag Archives: market sentiment

The Swiss franc extends its weekly gains to almost 1%, as shown by the USD/CHF falling from weekly highs above 0.9700. Through the New York session as risk aversion pushed equities to negative territory and gave a fresh impulse to safe-haven assets, boosting the CHF.The USD/CHF extends to four, its …

The AUD/USD is upward biased in the near term, boosted by RBA’s Lowe, saying that a 25-50 bps increase in the July meeting is on the cards.AUD/USD edges up after beginning the week on the wrong foot, jumping from 0.6915 daily lows towards 0.6990 highs, closing to the 0.7000 threshold. …

The gold spot is falling due to broad US dollar strength and steady US real yields. US Industrial Production expànded at a lower rate than in April, showing that the US economy is slowing.Gold spot (XAUUSD) drops as a reaction to the buoyant US dollar, which is staging a comeback …

Gold is poised for another downside but a short squeeze is not off the table. The Fed at the top of the hour is expected to seal the deal one way or another.As per the pre-open analysis on gold for the week, Gold, Chart of the Week: XAU/USD bulls need …

US shares continue their rout, losing between 0.26% and 0.56%, except for the heavy tech Nasdaq Composite, which pares some of its losses, up by 0.25%.In terms of sector specifics, the leading gainers are Energy, up 1.9%, propelled by high oil prices, followed by Technology and Consumer Discretionary, each recording …

The Australian dollar plunges to fresh four-week lows after news that the Federal Reserve would hike 75 bps in the June meeting, the largest since 1994.The Fed’s move is meant to address the US hot inflation that hit 8.6%, with no signs of abating in the near term. After reaching …

The AUD/USD cratered into the low-0.6900s on Monday, down over 1.5% on the day and over 4.0% lower in four days. The pair is being battered by risk-off flows as markets price a more hawkish Fed and potential recession. China lockdown fears are also hurting the pair, with bears eyeing …

The USD/JPY pair has dipped towards 134.00 as buyers book profits ahead of Friday’s US CPI. Market sentiment is still negative as US equities record losses.The pair retreats from 2-decade highs around 134.55 but is trimming substantial losses, and albeit losing 0.09%, is preparing for a test of the 135.00 …

The USD/CAD pair is set to finish the week with losses of 1.09%, despite Friday’s recovery. Market sentiment remains negative as fears of a US recession accelerate.On the US front, the Federal Reserve officials begin their blackout period. However, investors’ eyes would be on the inflation report alongside the UoM …

The sterling gains against the Japanese yen, despite risk-off market sentiment that typically benefits the Japanese yen, but the rally in the USD/JPY pair weighed on the yen. The GBP/JPY gains some 0.20% as the Asian Pacific session begins. As for market sentiment, it begins to shift to positive but …