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Aug 8, 23 •
175 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on Dollar Strengthens as China’s Trade Data Disappoints
The US dollar gained ground on Tuesday as traders weighed the contrasting economic outlooks for the world’s two largest economies. China’s trade data for July showed a sharp decline in both imports and exports, indicating a weak recovery from the...
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Sep 28, 22 •
1559 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on Yuan falls to the lowest level since 2008 as PboC Loses Control
The mainland yuan fell to its weakest level against the dollar since the 2008 global financial crisis amid a steady rise in the US currency in currency trading and rumors that China is easing support for the local currency. The domestic yuan weakened to...
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May 31, 22 •
2456 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on ECB to Begin Aggressive Tightening, Favoring Euro Bulls
The end of the month in the currency area is expected. Including yesterday’s US weekend, aggregate flows were low during the Asian and London hours but saw a buying trend for the euro following inflation data from Spain and Germany. Talks in the trading...
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May 30, 22 •
3266 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on US Dollar Posing a Threat to Further Losses
Despite a calmer risk environment and heightened expectations for a pause in the Fed’s tightening cycle, the US dollar plunged on Monday morning on European deals, nearing its first monthly loss in five months. Earlier today, the dollar index, which...
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Apr 27, 22 •
1568 Views •
Forex News, Hot Trading News •
Zahir Shah
Comments Off on Forex Market Roundup: Risk Flows Keep Dollar Dominating
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...
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Apr 1, 22 •
2317 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on Bond Markets in red: What to expect?
Global bond markets have plummeted to their lowest levels since at least 1990, as investors expect central banks to quickly raise interest rates in the face of the highest inflation in decades. What is going on? Bond market losses result from central banks...
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Jan 28, 22 •
1127 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on Feds held interest rates near zero but signaled higher rates
The Federal Reserve kept interest rates around zero on Wednesday, January 26, but maintained its intention to abandon its pandemic-era cheap money policies in the face of significant price increases. So, what can we see in the long run? Powell’s press...
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Jan 28, 22 •
1076 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on US Economy grew more than expected; what’s next?
As the Delta wave faded and the Omicron variant became a threat to the rebound in the last months of 2021, the US economic recovery picked up speed. So, will we see a pace in growth in 2022? Strong fourth quarter The fourth quarter provided some reprieve...
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Oct 30, 21 •
1840 Views •
Forex News, Hot Trading News, Top News •
Zahir Shah
Comments Off on Why cryptocurrency ads are just the tip of the iceberg?
An old advertising adage says, “Sell the smell of meat, not steak.” Unfortunately, when it comes to cryptocurrencies, the flavor to steak ratio is incredible. The digital token announcements that flood the London Underground promise...
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Oct 29, 21 •
1974 Views •
Forex News, Hot Trading News, Top News •
Zahir Shah
Comments Off on Inflation, inflation, inflation”: Euro jumped after the statements of the head of the ECB
Euro markedly rose in price in forex on Thursday following the results of the meeting of the European Central Bank, the leadership of which for the first time admitted that the period of high inflation exceeded forecasts. The Euro jumped against the dollar by...
