Forex trading and market news!
The Coronavirus cutout means China’s economic growth will lag behind the United States for the first time since 1976, resulting in a shift in roles and possibly political consequences in both Beijing and Washington. In a report released on Thursday, Bloomberg Economics wrote that China’s economy will grow only 2% this year. By comparison, Bloomberg […]
Bloomberg: US to Outpace China’s Growth Read More »
The yuan’s decline is set to gain momentum over the next few months as markets factor in a deteriorating economy hit by Chinese authorities’ fight against another Covid outbreak. Analysts at Credit Agricole, Standard Chartered Bank, BNP Paribas and HSBC Bank lowered their forecasts as the yuan fell more than 3% this month. A Bloomberg
Yuan to Continue the Downside as Greenback Soars Read More »
The dollar dominates the forex market as the risk sentiment remains quite deteriorated. The risk assets like EUR, GBP, and AUD have slipped to multi-month lows. Gold remains under pressure as the dollar leads among the safe-haven assets. With the flight to safety increasing during the US trading session, global equities suffered heavy losses, and
Forex Market Roundup: Risk Flows Keep Dollar Dominating Read More »
The GBP/USD pair rose to a daily high during the mid-European session. The pair now looks to continue the rise beyond the 1.3400 mark. It has now filled the weekly bearish gap amid some intraday US dollar selling as the pair rallied around 100 pips on Monday from the 1.3300 mark. Nervousness about the worsening
Price Analysis of GBP/USD: Retakes Mark 1.3400 to Move towards Channel Resistance Read More »
The EUR/USD pair maintains a bearish bias if it stays under the downtrend line. The currency pair could come back down if it fails to close the gap down. A bearish pattern around the downtrend line could announce a new leg down. The EUR/USD price loses altitude after reaching the 1.1231 level. The currency pair
EUR/USD 1.12 Holds, Gap Down Intact! Read More »
Tensions about a possible Russian invasion of Ukraine have pushed global markets to the brink of collapse. The possibility of conflict in Ukraine, as well as the likelihood of increasing interest rates, shook the markets this week, sending prices plummeting as frightened investors fled stocks. So, how are the markets performing, and what to look
How are crises in Ukraine hitting the global markets? Read More »
After a rollercoaster in January, the first week of February has a lot in store. Firstly, the BoE monetary policy report on Thursday. The ECB will also announce its monetary policy on Thursday. We have a busy week from the US, with NFP on Friday. So, what can these events bring for the overall markets?
What to look for this week? BoE, NFP, and ECB in focus Read More »
On Wednesday, riskier currencies rose from recent lows, while safe-haven currencies like the yen fell against the dollar as Asian markets relaxed their concerns over the Omicron variant. CNY’s new highs In the aftermath of better-than-expected manufacturing figures from November, the Chinese yuan CNY, a beacon of resilience in a stormy few days, reached a
The Omicron fears and the safe-haven currencies Read More »
After Federal Reserve Chair Jerome Powell indicated a rapid reduction of stimulus despite the dangers surrounding the Omicron COVID-19 variant, the safe-haven yen stayed firm on Wednesday. At the same time, the risk-sensitive Australian dollar fell to a one-year low. Investors are concerned that fast monetary tightening may suffocate the fledgling economic recovery, even though
Fed Chair remains hawkish, Yen highs and Aussie slumps Read More »
Something surprising happened this Tuesday Asian afternoon, Risk-sensitive currencies slid, and safe havens gained. It took things in the opposite direction after Moderna’s CEO said that it is unlikely that the COVID-19 vaccines will be as effective against the Omicron variant as it has been with other types. The world is in for yet another
Daily Forex Round Up: Aussie and Kiwi dips, Yen climbs, and uncertain USD Read More »
