US President Joe Biden, in a speech on the latest $800 million US military aid package for Ukraine, has said that The United States Is Sending Weapons “Directly To The Front Lines Of Freedom”as reported by Reuters on Thursday. “We are at a critical window as Russia sets the stage for the next phase of […]
Tag: United States
Michigan consumer sentiment rises to 65.7 points in April vs. 59.0 expected
The preliminary estimate of the University of Michigan Consumer Sentiment Index for April has risen to 65.7 points from 59.4 in the previous month.above the 59.0 points expected, data released on Thursday has shown. The consumer expectations index was also significantly stronger than expected at 64.1 points versus forecasts for a reading of 54.2 and […]
GBP/USD rises and approaches 1.3100 on UK and US inflation data.
US prices paid by consumers and producers continue to rise, further cementing the need for a 50bp hike by the Federal Reserve. UK inflation rate at its highest point in 30 years, reaches 7%. GBP/USD Price Forecast: Double Bottom Near Yearly Lows Looms as Pound Climbs Towards 1.3100. The British pound rises and recovers substantial […]
NZD/USD rises above 0.6850
NZD/USD has risen above 0.6800 on the back of softer-than-expected post-CPI US dollar profit-taking. Short-term bulls are looking at a test of the recent lows and the 21-200 DMA at 0.6900. The focus has now turned to the RBNZ meeting on Wednesday. After finding strong support above the 0.6800 level and its 50-day moving average […]
AUD/USD recovers from multi-week low, pulls back above 0.7450 after US CPI.
AUD/USD staged a nice rebound from the multi-week low hit earlier this Tuesday. Rising commodities turned out to be a key factor benefiting the resource-linked Australian dollar. The intraday rally got an additional boost after the mixed release of the US CPI report. The pair AUD/USD made an intraday recovery move early in the American […]
Initial jobless claims fall unexpectedly matching recent lows
The US Department of Labor reported that Initial jobless claims fell by 5,000 in the week ending April 2 to 166,000, from the revised number from 202,000 to 171,000. The reading is the same as the low of two weeks ago, which are the lowest figures since the late 1960s. The published report incorporates revisions […]
Nancy Pelosi will visit Taiwan on Sunday
The Japanese outlet Fuji News Network (FNN) reported on Thursday that the Speaker of the United States House of Representatives, Nancy Pelosihas planned visit taiwan on sunday april 10. The first visit by a sitting speaker of the US House of Representatives since 1997 is likely to upset Beijing and heighten US-China tensions. Global Times […]
Non-farm payrolls rise by 431,000 in March, below the 490,000 expected
Non-farm payrolls rise by 431,000 in March, against 490,000 expected. February figures revised up from 678,000 to 750,000. Unemployment rate falls to 3.6%, the lowest level since February 2020. The US jobs report showed the economy created 431,000 jobs in March, below the 490,000 expected by market consensus. For the eleventh consecutive month, the figure […]
Goldman Sachs cuts its Brent price forecast after Biden oil stock release
US President Joe Biden’s release of 180 million barrels would help rebalancing the oil market in 2022increasing supply by 1 million barrels for six months, Goldman Sachs analysts said in their latest note. Featured Comments “We lower our Brent price forecast for the second half of 2022 by $15/barrel to $120/barrel.” ‘The extra offer’would not […]
WTI trades below $100, clings to huge intraday losses
Oil markets continue to trade erratically and with heavy losses on the day after the US SPR release announcement. 1 million BPD will be released over the next six months, keeping pressure on WTI, which is currently trading near $102. OPEC+ agreed to a production increase of 432,000 BPD starting in May, which helped keep […]
