Month: March 2022
US Core PCE Continues to Rise; Puts More Pressure on Fed
It’s not a secret that inflation has been high in the US. US CPI and Core CPI has been on the rise for months. Today, the US released what is considered to be the Fed’s favorite measure of inflation for February, Core PCE (Price Consumption Expenditure) Price Index. The print was 5.4% YoY vs 5.2% …
US Core PCE Continues to Rise; Puts More Pressure on FedRead More
Healthy Jobs and Income US Data Helps USD, But Not S&P500
American households increased spending by 0.2% in February, compared with a 0.5% rise in income. But this data only looks optimistic at first glance. Americans saved 6.3% of disposable income compared to 6.1% in January. In other words, we are seeing a stabilisation at levels that last occurred 12 years ago. The decline in the …
Healthy Jobs and Income US Data Helps USD, But Not S&P500Read More
AUDJPY Retreats from 6½-Year High; Upside Risks Linger
AUDJPY’s latest pullback from the fresh multi-year peak is resting on the red Tenkan-sen line around the 91.00 price level, which is the 23.6% Fibonacci retracement of the up leg from 80.35 until the more than 6½-year high of 94.30. The positive incline in the slopes of the simple moving averages (SMAs) have yet to …
AUDJPY Retreats from 6½-Year High; Upside Risks LingerRead More
As the pandemic enters its 3rd year, more Chinese people say they’d rather save than spend
While mainland China faced its worst wave of Covid-19 since the initial shock of the pandemic, a central bank survey found more Chinese wanted to save money than spend or invest it. Costfoto | Future Publishing | Getty Images BEIJING — Chinese consumers are becoming more cautious than they were near the start of the …
As the pandemic enters its 3rd year, more Chinese people say they’d rather save than spendRead More
Will an Inverted Yield Curve Spell Impending Doom?
Much has been made of the fact we’ve seen 10yr US Treasury yields trade at a discount to 2yr yields. What’s commonly known as curve ‘inversion’? I’m not sure this is going surprise too many as most bond traders had been calling for this to play out for weeks, and the question is whether this …
NZDCAD Wave Analysis
NZDCAD reversed from support level 0.8615 Likely to rise to resistance level 0.8775 NZDCAD recently reversed up with the daily Piercing Line from the key support level 0.8615 (which has been reversing the price from the start of March). The support zone near the support level 0.8615 was strengthened by the lower daily Bollinger Band …
Dollar Soft Despite Solid ADP Job Data, Euro Follow Through Momentum
Dollar is trading as the worst performing for the day, and receive no support from solid ADP private job data. The greenback is somewhat weighed down by extended retreat in benchmark US yields. On the other hand, Euro is supported by rising Germany benchmark yields, after consumer inflation hit the highest level in more than …
Dollar Soft Despite Solid ADP Job Data, Euro Follow Through MomentumRead More
Yen Recovering, Euro Firm, Dollar and Sterling Struggle
It feels like the markets are turning a corner. Euro staged a strong rebound overnight on hope of cease-fire in Ukraine. Focus has then turned to Yen today, which is staging a notable recovery in Asia. On the other hand, both Dollar and Sterling are under some selling pressure. Commodity currencies are mixed for now. …
Yen Recovering, Euro Firm, Dollar and Sterling StruggleRead More
Gold Price Struggle Ahead of US GDP Release
Key Highlights Gold price started a fresh decline from the $1,965 zone. A key bearish trend line is forming with resistance near $1,920 on the 4-hours chart. EUR/USD attempted a recovery wave from 1.0950, and GBP/USD is still above 1.3050. The US Gross Domestic Product could increase 7% in Q4 2021. Gold Price Technical Analysis …
Gold Tests $1900 as the “Peace Trade” Picks Up Steam
A close near current levels would shift the near-term technical bias in favor of the bears, with the next support level to watch coming in around $1870… “All we are saying is give peace a chance.” – John Lennon There’s a heavy hint of optimism in the air amidst headlines of potential Putin-Zelensky peace talks …
Gold Tests $1900 as the “Peace Trade” Picks Up SteamRead More
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Finance news
Stocks making the biggest moves midday: Micron, Kohl’s, Meta Platforms and moreThese are the stocks posting the largest moves in midday trading. Signal2frex feedbacks ... Read More  FTX signs a deal giving it the option to buy crypto lender BlockFiSam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, ... Read More  The S&P 500 just had its worst first half in more than 50 years, which ‘stressed’ this classic investment strategyStock trader on the floor of the New York Stock Exchange.Spencer Platt | Getty Images ... Read More |
