AUD/USD Gains Pace, Why It Could Continue Higher
Key Highlights AUD/USD started a fresh increase above the 0.7320 resistance. It broke a key bearish trend line with resistance near 0.7300 on the 4-hours chart. EUR/USD is still struggling below 1.1120 while GBP/USD surpassed 1.3200. Oil price is rising...
Mortgage rates are surging faster than expected, prompting economists to lower their home sales forecasts
A home is offered for sale on January 20, 2022 in Chicago, Illinois. Scott Olson | Getty Images The average rate on the popular 30-year fixed mortgage hit 4.72% on Tuesday, moving 26 basis points higher since just Friday, according...
Stock futures are steady as investors juggle Fed comments and policy
Traders on the floor of the NYSE, March 17, 2022. Brendan McDermid | Reuters U.S. stock futures were little changed in overnight trading on Tuesday as investors continue to digest revelations from the Federal Reserve on inflation and interest rates....
Yen Free Fall Continues, Sterling Jumps
The selloff in Yen remains the major theme in the market today, but both Dollar and Euro are also now under some pressure. For now, New Zealand Dollar is winning the race, followed by Aussie and Sterling. Swiss Franc and...
AUD/USD Outlook: Aussie Breaks Key Fibo Barrier, Lifted by Rise in Asian Stocks
The Australian dollar resumes higher on Tuesday after bulls paused on Monday, on headwinds from pivotal Fibo barrier at 0.7416 (76.4% retracement of 0.7555/0.6967). Today’s break through this barrier, generated fresh signal of continuation of recovery leg from 0.70 zone,...
Hawkish Powell Roils Markets, Oil Rallies
Asian stocks traded higher this morning while European shares rose after Fed Chair Jerome Powell struck a more hawkish tone on monetary policy. In the currency arena, king dollar received fresh inspiration amid new rate hike bets as the selloff...
China Boeing 737 plane crash: No reports yet of bodies or survivors
BEIJING — No bodies or survivors have yet been found from the China Eastern Airlines crash as of Tuesday morning, Chinese state media said. The domestic flight on a Boeing 737-800, which was carrying 132 people, nosedived Monday afternoon in...
NZDUSD Under Pressure as NZ Consumer Confidence Slumps to the Lowest Level Since GFC
U.S. yields surged overnight by a jaw-dropping 10-18bp across the curve after Fed Chair Powell opened the door to a 50bp rate hike at the next FOMC meeting. “if we conclude that it is appropriate to move more aggressively by...
Powell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address
Federal Reserve Board Chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee on Capitol Hill November 30, 2021 in Washington, DC. Alex Wong | Getty Images News | Getty Images Federal Reserve Chairman Jerome...
Goldman Sachs, Galaxy Digital announce milestone over-the-counter crypto trade
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs is pushing further into the nascent...