European markets coupled with Tuesday’s fall on Wall Street. Oil prices rise despite negative weather. Words of central bankers in the spotlight. Wall Street futures are falling modestly after Tuesday’s plunge. The dollar remains firm, the euro gains momentum and oil is not affected by the bad weather in the markets. Recession fears weigh on […]
Tag: CurvePerformance
Forex Today – Asian Session: Global turmoil benefits the dollar
What you should know on Tuesday, March 29: The market mood was sour, helping the US dollar end the day with gains against most major rivals. The initial catalyst came from the Bank of Japan. The central bank announced that it would buy an unlimited amount of 10-year JGBs at 0.25% in a bid to […]
XAU/USD breaks higher towards $1,920, focus on Ukraine
Gold starts March with slight losses after the biggest monthly jump since May. Markets expect a key trigger in the Ukraine-Russia standoff after peace talks ended inconclusive. Yields favor the USD, but Biden, Powell’s testimony and the US NFP will be crucial catalysts. The price of gold (XAU/USD) is rising above $1,900 once again, having […]
Forex Today – Asian Session: Inflation in the Eye of the Storm
What you should know on Friday, February 11: Major pairs were quite volatile on Thursday after the release of US inflation figures. The US Consumer Price Index soared to 7.5% y/y in January, above the 7.3% expected. The underlying reading was 6%, also above the market forecast. The headline reading sparked a short-lived dollar rally, […]
Forex Today – Asian Session: Optimism weighs on the dollar
What you should know on Thursday, February 10: Falling government bond yields weighed on the US dollar, which ended the day mixed on the FX board anyway. The 10-year US Treasury bond yield stands at around 1.93%, down from its weekly high of 1.97%. GBP/USD is unchanged on a daily basis trading around 1.3525, while […]
Forex Today – Asian Session: Market Participants Expect Next Catalyst
What you should know on Tuesday, February 8: The week started in slow motion and the dollar ended the day mixed across the board. It managed to gain some ground against its European rivals, although EUR/USD remained above 1.1400, while GBP/USD hovered around 1.3530. The President of the European Central Bank, Christine Lagarde, poured cold […]
Forex Today – Asian Session: Central Banks Put All Currencies In Motion
What you should know on Friday, February 4: European currencies soared after the central bank decisions, putting pressure on the dollar across the currency board. The Bank of England raised its policy rate by 25 basis points to 0.5% as expected as all voting members lined up to go higher, although 4 out of 9 […]