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Tag: RiskAppetite

Stocks: Global stocks face cold winter – Reuters poll

Stocks: Global stocks face cold winter – Reuters poll Stocks: Global stocks face cold winter – Reuters poll

First thing Thursday, Reuters released details of a survey of analysts who cut year-end forecasts for most major indices from three months ago and warned that risks to that already muted outlook were skewed to the downside. “It will be a cold winter for global stocks“, add the conclusions of the survey. Survey Findings Reuters […]

Germany: The blow of the war to the economy will last for years – Marcel Fratzscher

Germany: The blow of the war to the economy will last for years – Marcel Fratzscher Germany: The blow of the war to the economy will last for years – Marcel Fratzscher

The economic impact on Germany of the Russian invasion of Ukraine will last for yearsthe influential economist told Reuters Marcel Fratzscher, of the German Institute for Economic Research, who added that it could cost 3 percentage points of growth this year. It should be noted that the institute advises the government of Europe’s largest economy […]

AUD/USD remains near one-month lows just above 0.6850

AUD/USD remains near one-month lows just above 0.6850 AUD/USD remains near one-month lows just above 0.6850

AUD/USD is consolidating in a range near the one-month low hit on Tuesday. A modest recovery in equity markets offers support for the risk-sensitive Aussie. The Fed’s aggressive expectations act as a tailwind for the dollar and continue to limit gains. The pair AUD/USD struggles for significant traction and swings between tepid gains and small […]

NZD/USD advances towards 0.6400 after RBNZ rate hike of 50 basis points

NZD/USD advances towards 0.6400 after RBNZ rate hike of 50 basis points NZD/USD advances towards 0.6400 after RBNZ rate hike of 50 basis points

NZD/USD rebounds to two-day highs after RBNZ rate hike. The entity agrees with market forecasts of a rate hike of 50 basis points, and indicates the convenience of further tightening. Declines in US Treasury yields resume, lightly bid stock futures put antipodal downward pressure. The Chinese premier’s comments and a softer New Zealand PPI provoked […]

Steel: Renews its monthly maximum due to moderation on fears of China’s covid

Steel: Renews its monthly maximum due to moderation on fears of China’s covid Steel: Renews its monthly maximum due to moderation on fears of China’s covid

Steel price renews monthly high as China does not please bulls. PBOC rate cut contrasts with softer data testing metals buyers, lack of loan demand renews recession fears. Weak US dollar adds filters to steel trade, Shanghai eases covid restrictions, favoring bulls. The basket of metals remained surprisingly firmer, despite risk-negative headlines coming out of […]

AUD/USD pulls away from 2-month highs on USD strength, downside looks limited

AUD/USD pulls away from 2-month highs on USD strength, downside looks limited AUD/USD pulls away from 2-month highs on USD strength, downside looks limited

AUD/USD sees a modest pullback from near two-month highs set on Thursday. The USD short-covering move is seen as a key factor putting downward pressure on the pair. The risk push offers some support to the risk sensitive Aussie and caps the downside. The pair AUD/USD faces a rejection near the technically significant 200-day SMA […]

USD/CAD hits daily high, rising modestly around 1.2775

USD/CAD hits daily high, rising modestly around 1.2775 USD/CAD hits daily high, rising modestly around 1.2775

USD/CAD attracts some buying on Friday amid a modest uptick in USD demand. Prospects for further rate hikes from the Fed and rising US bond yields benefit the dollar. The recent rally in oil prices could prop up the loonie and limit further gains. The pair USD/CAD bounces a few pips from the daily low […]

USD/JPY modest gains amid positive risk tone and modest dollar rally

USD/JPY modest gains amid positive risk tone and modest dollar rally USD/JPY modest gains amid positive risk tone and modest dollar rally

USD/JPY gains traction on Friday and pulls away from the one-week low set the day before. The divergence between the policies of the Fed and the Bank of Japan and the positive risk tone weaken the yen and act as a tailwind for the pair. Recent aggressive comments from Fed officials help revive USD demand […]

NZD/USD strengthens further above the 100-day SMA and rises to a two-month high

NZD/USD strengthens further above the 100-day SMA and rises to a two-month high NZD/USD strengthens further above the 100-day SMA and rises to a two-month high

NZD/USD continues to move higher on Friday and rises to a two-month high Uncertainty over the next Fed rate hike keeps USD bulls on the defensive. The risk-positive tone also appears to cap the USD and benefits the risk-sensitive NZD. The pair NZD/USD extends this week’s strong bullish move and gains traction for the fifth […]

Gold Forecast: XAU/USD Rises Amid USD Weakness, Risk Appetite Limits Gains

Gold Forecast: XAU/USD Rises Amid USD Weakness, Risk Appetite Limits Gains Gold Forecast: XAU/USD Rises Amid USD Weakness, Risk Appetite Limits Gains

Gold attracts some buying and rises to the $1,800 area amid sustained dollar selling. Diminishing odds of a further Fed rate hike and declining US bond yields continue to weigh on the dollar. The boost in risk appetite seems to be the only factor limiting the rise in the safe-haven commodity. The Prayed reverses an […]