Author: FX
Share: The US Dollar’s stellar run has continued with EUR/USD bottoming out at 1.06 this week. Economists at Nordea analyze the world’s most popular currency pair outlook. Higher EUR/USD ahead Lower than expected EU inflation and reduced rate hike pricing in Europe, stronger than expected US data, better US stock performance compared to European stocks, and the resolution of the debt ceiling have all contributed to a lower EUR/USD. We believe that EUR/USD has bottomed out for now and see a higher cross ahead. Source link
Article written by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40 and S&P 500 Analysis, Prices, and Charts Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter FTSE 100 continues to struggle Given the swathe of ex-dividend names on Thursday, the FTSE 100 continues to struggle, lagging other global indices which have shown signs of strength on hopes that the Fed will opt to leave its hiking campaign on pause for longer after jobless claims came in weaker than expected.The FTSE 100 still has the late…
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Raytheon bags $372.14M US Navy contract Source link
2/2 © Reuters. FILE PHOTO: An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter 2/2 By Summer Zhen and Samuel Shen HONG KONG (Reuters) – Money managers in China are struggling to lure retail investors, with fundraising by mutual funds in the first five months of the year hitting the lowest in four years and few betting on a near-term rebound, amid diminishing returns and economic challenges. More than 200 million Chinese retail investors, sitting on billions of yuan in savings, have turned bearish on equities…
Spot gold is consolidating near a key inflection point! Will it lead to a bullish or bearish breakout? The daily chart may have some clues! Spot Gold (XAU/USD): Daily Chart by TV As you can see, spot gold (XAU/USD) is having trouble picking a direction as it consolidates between the $1,940 – $1,960 areas on the daily time frame. Coincidentally, the consolidation zone lines up with a trend line support that hasn’t been broken since November 2022. Not only that, but it’s also not too far from the 100 SMA and 50% Fibonacci support on the daily time frame. Are…
New Zealand Dollar Vs US Dollar, Australian Dollar, Euro – Outlook:NZD/USD has been supported by an improvement in risk appetite recently.EUR/NZD rally looks tired.Does the AUD/NZD rally have legs from a medium-term perspective? Recommended by Manish Jaradi Forex for Beginners The suspension of the US debt ceiling, the resilience of the global economy, and hopes that US interest rates are peaking have boosted risk-sensitive currencies, including the New Zealand dollar.Volatility across asset classes has fallen over the past two weeks, with equity market volatility, as measured by the CBOE VIX index, down to the lowest level since the Covid selloff…
There’s no additional details on what this might be about but take note just in case. I will update this post later if there is any further information or even if there isn’t.Update: It seems that it will be an announcement where Kishida will unveil the final version of his child care policy. He will be proposing child care allowance for kids (¥15,000 a month) and until they graduate from junior high school (¥10,000 a month). This is largely to tackle this problem right here. Source link
Share: NZD/USD ticks lower on the last day of the week and is pressured by a modest USD strength. Weaker Chinese inflation figures add to economic woes and benefit the safe-haven Greenback. The uncertainty over the Fed’s rate-hike path should cap the USD and lend support to the major. The NZD/USD pair struggles to capitalize on the previous day’s strong move up and edges lower during the Asian session on Friday. Spot prices currently trade just below the 0.6100 mark, though remain just a few pips below the weekly high. The prevalent cautious mood around the equity markets,…
Recommended by IG Building Confidence in Trading The softer US economic calendar overnight prompted market participants to source for clues on the Fed’s policy path from the US weekly jobless claims, which reflected a pull-ahead in initial claims reading to its highest since October 2021 (261,000 versus 235,000 forecast). With its tendency to provide an early lead for the US unemployment rate, its sharp rise uplifted hopes that the US labour market may continue to see some softening ahead, although we will have to look towards subsequent weeks’ data to provide conviction for a clear trend.With rate expectations being highly…