ECB raises interest rates as inflationary pressures continue to rise
The European Central Bank raised interest rates for the second time this year, seeking to control an energy-driven rise in inflation triggered by a fresh escalation of the war in the Middle East and growing threats that fuel prices could…
Read More...
Read More...
Brent surges to $106 per barrel as hostilities in the Middle East escalate further
Brent oil price surged over $3 on Thursday and hit levels close to $106, last traded on May 22 after Wednesday’s break and close above psychological $100 barrier generated strong bullish signal.
Strong escalation in the Middle East which…
Read More...
Read More...
EURGBP – bulls regain traction and return above daily cloud
EURGBP jumps 0.3% on Wednesday as Euro gets inflated by weaker dollar and expectations that the ECB will join the trend of policy tightening by the major central banks, while the Bank of England is likely to keep more cautious approach and…
Read More...
Read More...
Dollar remains on defensive ahead of US inflation data
The dollar index continues to trend lower for the second consecutive week and hit new lowest in almost three weeks on Wednesday.
The dollar reversed direction and entered downtrend since the US-backed intervention to support weakening…
Read More...
Read More...
AUDUSD hits four-month high, overbought studies warn that bulls may start losing traction
AUDUSD extends the latest upleg from 0.7121 higher low into fifth consecutive day, underpinned by growing expectations for RBA rate hike at the policy meeting on Sep 29.
The latest comments from RBA policymaker underlined bank’s strong…
Read More...
Read More...
Brent price nears $100 per barrel on fresh escalation in the Middle East
Brent hit new multi-week high on Tuesday following fresh escalation in the Middle East which threatens to further disrupt a tiny flow through the key Strait of Hormuz supply route.
The price neared psychological $100 barrier after…
Read More...
Read More...
Japanese yen extends gains, hits the highest in over six months
USDJPY accelerated lower at the start of the week (down over 1% in Asian / European trading on Monday), attempting to resume a sharp fall of last week, which made a brief pause on Friday.
Japanese yen was lifted from its multi-decade…
Read More...
Read More...
Gold falls almost $100 on upbeat US payrolls data
Gold fell almost $100 on Friday following surprise surge in US nonfarm payrolls that eased worries of US policymakers and boosted expectations of rate hike on Sep 16 policy meeting.
Upbeat US labor data pushed the metal’s price down to…
Read More...
Read More...
US nonfarm payrolls surge in August and contribute to Fed rate hike expectations
US Nonfarm payrolls unexpectedly surged by 162,000 in August, well above median forecast for 55,000 increase and against upwardly revised July figure to 21,000 from initially reported -23,000.
The same report showed that unemployment was…
Read More...
Read More...
EURJPY – steep fall extends into second straight day and accelerates
EURJPY extends steep fall into second consecutive day (down 1.3% durian Asian / European trading on Thursday), losing so far over 2%.
Fresh strength of Japanese yen was sparked by hawkish narrative of Japanese officials which points to…
Read More...
Read More...