The EUR/USD pair has been trading in a 50-60 pip range in the last three days. The US dollar stays firm amid a positive market moodThe shared currency seesaws on Thursday North American session, courtesy of a positive market mood, while broad US dollar strength across the board helps the …
Read More »Barclays: US Dollar’s Rally Likely Nearing Its Peak
The dollar is likely to head higher in the coming months before weakening in the second half of the year as the outperformance of the US economy fades and investors’ risk appetite improves, according to Barclays Plc. While tighter monetary policy, a resilient US economy and demand for havens due …
Read More »USD/CHF Bounces Amid Fears Concerning Russia-Ukraine Talks
The USD/CHF pair has witnessed a pullback near 0.9340 after a decisive selling pressure from 0.9460 amid renewed fears of ceasefire delay between Russia and Ukraine. The Kremlin reportedly said that news pointing to progress in Ukraine-Russia peace talks was “wrong,” as per Reuters.Earlier, Ukraine officials reported that the negotiators …
Read More »US Dollar Hovers Around 98.00 ahead of Initial Jobless Claims, CPI Data
The DXY is oscillating around 98.00 ahead of US inflation and Initial Jobless Claims. The risk-on impulse has brought a sell-off in the dollar index. Investors brace an aggressive tightening policy by the Fed.The US dollar index (DXY) is hovering around 98.00 as investors await the US Consumer Price Index …
Read More »US Shares Surge On Risk Appetite Returns
US equities are rebounding this Wednesday, with touted bargain hunting/dip-buying driving the recovery as commodities ease back from Tuesday’s peaks.The S&P 500 rallied 2.4%, the Dow 2.0% and the Nasdaq 100 3.0%, though investors remain cautious amid geopolitical risks. Following four straight sessions of losses, US equities are enjoying a …
Read More »Volatility Could Drag Gold Back
Gold prices are volatile on Tuesday as risk sentiment ebbs and flows surrounding the Ukraine crisis. The precious metal trades now at $2,052.70 per ounce. At $2,041 per ounce, gold prices are higher by 2.20% on the day despite a $50 per ounce drop in midday New York on the …
Read More »The Rise of Gold And Palladium on Sanctions Against Russia
The price of palladium jumped about 6 percent on Monday after concerns about supplies of the metal used in the auto industry increased as the West imposed new sanctions on Russia, and the price of gold rose by more than one percent after Russian President Vladimir Putin put the nuclear …
Read More »AUD/USD Surges Back As Risk Appetite Rebounds
The AUD/USD pair saw an ultra-impressive rebound on Friday, with the pair rallying back into the mid-0.7200s despite ongoing uncertainty about the European geopolitical landscape and the global economy as fighting between Russian and Ukrainian forces in Ukraine intensified. The pair currently trades in the 0.7330s, up roughly 1.0% on …
Read More »Gold Retreats Amid Risk-on Market Mood
the Gold Index (XAU/USD} is set to end the week with losses after reaching a daily high at $1974.48 on Thursday. Breaking news that Russia would be open to sit down and talk with the Ukrainian Government, increased appetite for riskier assets.The news about potential talks was the detriment of …
Read More »NZD/USD Surges Amid Ukraine’s Fighting
Friday’s trading session, so far, has witnessed risk appetite improved as European and US equities trade remain in the green territory, ahead of the weekend on a busy week in the financial markets. In the currencies’ space, risk-sensitive currencies led by the NZD and the AUD record gains, while safe-haven …
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