Current Volatile Market Movers
On the days when traders and financial market participants are waiting for any news related to Inflation in the US, which shows the practical effects of the Federal Reserve's policies to control the high Inflation, on Wednesday, May 11, the…
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Dollar rises to 20-year high on growing safe-haven demand
The dollar index rose to a fresh twenty-year high on Thursday, as concerns that tightening monetary policies in attempts to put raging inflation under control would impact global economy, accelerated migration into safety that further…
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Cable falls to new 2022 low after weak UK GDP data added to negative sentiment
Cable extends steep fall of past four weeks and probed below 1.22 handle to hit new 2022 low.
Weak UK GDP data, released today, added to negative sentiment, fueled by risk aversion that continues to inflate the US dollar.
Negative…
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Euro hits the lowest since 2017, pressured by fresh wave of risk aversion
The Euro fell to new five-year low in European trading on Thursday, following eventual break of previous low at 1.0471, above which the pair was consolidating in past two weeks.
Persisting risk aversion on growing economic and political…
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UK economy contracts in March, adding to recession warnings
Britain’s economy contracted by 0.1% in March after a 0.1% expansion previous month while economists expected gross domestic product to be flat.
The 0.2% drop in country’ dominant services sector was the main contributor to negative…
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US inflation slows in April but remains high
The US monthly inflation rose by 0.3% in April from 1.2% increase previous month and annualized figure showed increase of 8.3% from 8.5% in March, signaling slowdown on consumer prices growth and generating initial signal that inflation has…
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Cable bounces after US CPI data as markets digest results
Cable fell below 1.23 handle after US CPI data came above expectations in April, but dip stayed above new 2022 low (1.2260) posted on Monday and subsequent bounce pushed the price to the mid-point of the near-term range which extends into…
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China’s inflation rose in April but remains below government’s target
China’s consumer prices rose by 0.4% m/m in April from 0.6% increase previous month while annualized figure showed inflation rising 2.1% last month from 1.5% in March and beating forecast for 1.8% rise, mainly lifted by food prices which…
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Gold hit three-month low, bears await US CPI data for fresh signal
Spot gold is trading near new three-month low ($1832) posted in early Wednesday’s trading, with larger bears pausing here as traders await fresh signals from US inflation data, due later today.
The metal was under increased pressure from…
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Bears to stay intact while upticks are limited under strong barriers at 0.7000/29
The AUDUSD edges higher from new 22-month low (0.6910) on Tuesday, as US dollar bulls lose pace and traders partially take profit after pair’s 4.2% loss in past three days.
Overall picture remains bearish, as larger downtrend from 2022…
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