Metals continue to slide on rising yields and risk aversion. Gold rallied to $1,871, but returned below $1,860. Next support zone at $1850. The Gold is falling and continues to pull back after trading above $1,900 on Thursday. The pullback is already over $50 and remains under pressure from rising Treasury yields and a stronger […]
Flora
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
BoE: 1.0% Interest Rates Below Neutral – Michael Saunders
The external member of the Monetary Policy Committee of the Bank of England, Michael Saunderssaid on Monday that you are not comfortable with the current situation of inflation expectations. He further added that interest rates below 1.0% are clearly below the neutral rate in the UKas reported by Reuters. “UK interest rates may need to […]
EUR/USD remains supported above 1.0550
EUR/USD is holding up quite well despite risk-off conditions and weak EZ data in the mid-1.0500s. The main event risk of the week will be the US CPI on Wednesday. The divergence in Fed and ECB policies should keep the pair short on rallies for now, many strategists think. The EUR/USD has held up surprisingly […]
USD/MXN rises due to risk aversion and marks maximum in days at 20.40
The Mexican peso is affected by the bad weather in the markets. The dollar remains firm on risk aversion and rises in yields. USD/MXN still unable to confirm above 20.30. USD/MXN is rising on Monday in another red session for equity markets around the world. The pair climbed to 20.39, the highest since May 3, […]
USD/JPY trims intraday gains, downside looks limited
USD/JPY soared to a new two-decade high on Monday, though it struggled to capitalize on the move. The risk-off mood underpinned the JPY as a safe haven and capped the pair amid a modest USD pullback. The policy divergence between the Fed and the BoJ favors bullish traders and supports prospects for additional gains. The […]
AUD/USD remains above yearly lows below 0.7000
AUD/USD remains above support at the 0.7000 zone for now, although it is still substantially lower on the day. Global stocks and economic growth-sensitive commodities are under pressure on Monday, weighing on the risk-sensitive Australian dollar/commodities. US CPI will be the key event of the week for the pair. Slightly better than expected, Chinese trade […]
GBP/USD bounces quickly from yearly lows, retakes 1.2400 amid modest USD pullback
GBP/USD staged a strong intraday recovery from a new yearly low hit earlier this Monday. The USD’s modest pullback from a two-decade high prompted some short covering around the pair. The divergent policy views of the Fed and the BoE warrant caution before making aggressive bullish bets. The pair GBP/USD witnessed a dramatic intraday turnaround […]
I want majority votes for certain political areas of the EU — Emmanuel Macron
French President Emmanuel Macron he said on Monday that he wants more majority votes for certain EU policy areas and called for reforming EU texts so the bloc can become more effective, Reuters reported. There will be conflicts over EU reform, but we should not cower, she said, adding that there is already a Europe […]
US Dollar Index (DXY): Further Gains Now Target 105.00 and Beyond
The US Dollar Index (DXY) hits fresh cycle highs near 104.20 on Monday. The continuation of the bullish stance could reach 105.00. The US Dollar Index (DXY) extends the move higher and reaches new highs in the area of ​​104.20 at the beginning of the week. That said, if the bounce accelerates further, then the […]
S&P 500: Wall Street Declines Deepen, Bond Yields Hit New Highs
Equity markets are starting the week across the world with significant declines. Despite risk aversion, Treasury bond yields continue to rise. The dollar remains firm, sharp drop in metals, oil and Bitcoin. Wall Street futures point to a tough start to the week for US stocks. The negative climate continues to be predominant given the […]
