GBPUSD marks yet more lower lows as bearish forces linger
GBPUSD continues its downward trend, reaching levels last seen back in November 2020 as negative momentum persists. Moreover, the pair continues to record successive higher lows and lower highs, reflecting an overall bearish outlook. Short-term momentum oscillators indicate a negative...
Yen Under Pressure on Rate Outlook and Rising Yield, USD/JPY Breakout
Yen is under some broad based pressure in Asia session despite some mild risk aversion sentiment. BoJ is clear to lag behind other major central bank in raising interest rates, due to the still underperforming inflation. Rally in global treasury...
Crude Oil Price Reverse Gains And Faces Resistance
Key Highlights Crude oil price surged to $131 before there was a sharp decline. It broke a major bullish trend line at $118.50 on the 4-hours chart. EUR/USD corrected losses and climbed above 1.1020. Gold price stayed above the $1,975...
Goldman Sachs shutters Russia business, first major Wall Street bank to leave after Ukraine war
A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Goldman Sachs says it is exiting Russia, becoming the first major global investment bank to do so after the country invaded its...
Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 years
Inflation grew worse in February amid the escalating crisis in Ukraine and price pressures that became more entrenched. The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh...
Euro Rebound Stalls after ECB, Dollar Higher after CPI
Euro’s rebound stalls after ECB policy announcement, mainly because risk markets turned softer again. Another round of negotiations between Russia and Ukraine failed and Russia will clearly continue its attack. Dollar is trading slightly higher after CPI came in expected,...
The Federal Reserve is shrinking its $9 trillion bond program. Here’s what that means for your portfolio
The Federal Reserve sent $9 trillion into U.S. bond markets amid recent emergencies. Reducing the balance of this portfolio could spark a recession.
Euro Staying in Rebound ahead of ECB, Dollar Awaits CPI
Yen and Swiss Franc are both under selling pressure following the strong rebound in global stock markets. While it’s too early to conclude that risk appetite has returned from the shadow of Russia invasion of Ukraine, at least, the initial...
Brief drop in mortgage rates sparks mini refinance boom
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters After rising steadily for months, mortgage rates made a U-turn last week, and borrowers jumped to take advantage. The crisis in Ukraine rattled financial markets...
Stock futures are little changed after S&P 500’s best one-day rally since 2020
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures were little changed in overnight trading Wednesday after the major indexes posted sharp gains as commodity prices cooled. Futures on the Dow Jones Industrial Average dipped...