Análise

Fed Chair Powell’s Testimony Triggers Sell-off

Fed Chair Powell’s Testimony Triggers Sell-off

USD: Fed Chair Powell’s testimony triggers sell-off. During the Asian trading session yesterday, the US dollar continued to trade at weaker levels, extending the decline from yesterday. This weakness in the US dollar has resulted in a rise in the EUR/USD pair, bringing it close to the 1.1000-level and approaching its highest point of the year in April at 1.1095.
ACY Securities | 484 dias atrás
PMIs expected to reaffirm two-speed economy

PMIs expected to reaffirm two-speed economy

Asian markets saw a weekly decline, supporting US dollar strength. UK data signaled economic resilience with a rise in consumer confidence and retail sales. PMI reports are expected to show UK manufacturing at 48.1 and services at 55.6. Eurozone PMIs may dip to 44.3 and 54.0. Despite interest rate hikes, the GBP/USD fell to near 1.27 overnight.
Moneta Markets | 485 dias atrás
US & Australian Stocks Falling

US & Australian Stocks Falling

In the wake of an exuberant rally witnessed last week, the stock market has taken a noticeable downturn. Clifford Bennett, Chief Economist at ACY Securities, delves into the reasons behind this downward trend and highlights the immediate concerns faced by money managers.
ACY Securities | 485 dias atrás
IT’S A ROLL-OVER

IT’S A ROLL-OVER

Is this the final battle between the crumbling economic fundamentals of the USA, and all that money printing and debt spinning through the system?
ACY Securities | 485 dias atrás
Markets expect BoE will raise rates again today

Markets expect BoE will raise rates again today

Asian markets are mixed due to US and European rate uncertainty. US Fed's interest rate pause may be temporary, with a probable hike later this year. BoE's thirteenth consecutive rate increase is predicted due to UK's high inflation and wage growth. Swiss National Bank and Norges Bank are likely to raise rates. UK's consumer confidence and retail sales data are due soon.
Moneta Markets | 486 dias atrás
Crypto needs a breather

Crypto needs a breather

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto needs a breather
FxPro | 486 dias atrás
RBA Minutes all you NEED to know!

RBA Minutes all you NEED to know!

RBA minutes cast doubt over RBA’s willingness to keep raising rates. The Australian dollar experienced significant movement overnight, leading to a decline in the AUD/USD rate, nearing the 0.6800 level.
ACY Securities | 486 dias atrás
RBA Pounds Australia Into Recession

RBA Pounds Australia Into Recession

Australia appears fully committed to flying into Recession, and as quickly as possible? Today we saw the Westpac Melbourne Institute Leading Economic Index come in flat at zero. This is after a long series of highly problematic outcomes. In fact, this is perhaps the most dire data curve for this index in decades.
ACY Securities | 486 dias atrás