EURUSD saw a fairly dramatic reversal late in 2022 when it turned out that the energy crisis in Europe was softer than feared. The pair was trading close to 0.95 at the end of September but has rallied all the way to 1.10 since then. Could it be primed for a larger correction? When looking […]
Our Blog
Our Blog
Our Blog
01
May
May
ISM Headlines The Start of A Busy Week
Monday morning is very calm on the markets as most of the markets in Europe and a some in Asia are closed. The futures for US indices do trade but there’s hardly any action there and FX moves are contained. However, all this could change dramatically as the week unfolds. We will get plenty of […]
01
May
May
North Korea blasts U.S.-South Korea summit deal for escalating tension
SEOUL (Reuters) – North Korea criticized a recent U.S-South Korea agreement to bolster the deployment of American strategic assets in the region for escalating tension to the “brink of a nuclear war,” state media KCNA said on Monday. U.S. President Joe Biden and South Korean President Yoon Suk Yeol held a summit last week, during […]
01
May
May
Sony shares tumble on weaker-than-expected annual outlook
TOKYO (Reuters) – Sony (NYSE:SONY) Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units. For […]
01
May
May
Oil prices dip on U.S. rate hike expectations, weak China PMI
TOKYO (Reuters) -Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth and hit fuel demand, and worries about weaker Chinese manufacturing data combined to erase earlier gains. Brent futures for July delivery were down 61 cents, or 0.8%, at $79.72 a barrel […]
28
Apr
Apr
NATGAS Surges
NATGAS prices surged significantly over the last 20 minutes, however, there is no clear evidence for this rapid spike at the moment. Gas prices may be influenced by information about Russia’s cut in gas exports in 2023, as well as unconfirmed reports of a pipeline explosion in the USA.
28
Apr
Apr
Central Banks Currencies Economic News Forex Futures Gold index Industry News Latest News Our Blog Stocks
US PCE Higher Than Expected
US PCE price index y/y: 4,2% vs 4,1% exp. and 5,0% previously US PCE price index m/m: 0,1% vs 0,1% exp and 0,3% previously US Core PCE y/y: 4,6% vs 4,58% exp and 4,6% previously US Core PCE m/m: 0,3% vs 0,3% exp and 0,3% previously US Consumer spending data: 0% vs -0,1% exp and 0,2% […]
28
Apr
Apr
Dollar Gains Ahead of PCE Data
📆 US PCE inflation for March due at 1:30 pm BST The US dollar is the best performing G10 currency in the early afternoon. The US dollar remains on the rise after yesterday’s GDP data showed price pressures in the US economy persisting in Q1 2023. While US yields are pulling back a bit today, […]
28
Apr
Apr
DAX 30 Moves Lower After German Q1 GDP Miss
Flash German GDP report for Q1 2023 was released today at 9:00 am BST. Report turned out to be a disappointment with the German economy neither growing, nor contracting in the first 3 months of the year (0.0% QoQ) while the market expected a 0.2% QoQ growth. Release comes after French data released earlier today […]
28
Apr
Apr
Chart of The Day EUR/JPY
EURJPY is one of the pairs that has seen some wild moves today and is expected to remain volatile, at least during the European morning session. Pair spiked following the Bank of Japan monetary policy decision. BoJ decided to keep rates as well as yield curve control (YCC) mechanism unchanged during the first meeting under […]