Today's forex news: Markets are optimistic, pushing high-yield assets higher EUR/USD⬇️ GBP/USD⬇️ AUD/USD⬇️ USD/CAD⬆️ XAU⬆️ WTI⬆️ On Thursday, risk continued to take the lead amid Eastern Europe's ongoing war issue. While the Russian stock market remains closed, shares of European corporations with exposure to Russia have plummeted. Meanwhile, the government is...
Today's forex news: Are markets back to optimism? EUR/USD⬇️ GBP/USD⬇️ AUD/USD⬇️ USD/CAD⬆️ XAU⬆️ WTI⬆️ By Wednesday's close, the stock market had shaken off worries. It ended up being a mixed bag, as demand for the dollar decreased. There was a flurry of action today, as inflation concerns briefly resurfaced. According to the preliminary estimate of the EU's...
Today's Forex News: Russia’s attack fuels safe-haven assets, commodities EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬆️ Eastern Europe's economic development continues to set the pace for financial markets. Mid-European morning, safe-haven assets rose as Russia intensified its airstrikes on Ukraine, with President Vladimir Putin declaring that the invasion...
Today's forex news: Despite peace talks, Russia escalates war EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬆️ Market sentiment remained largely risk-related. An escalating war between Russia and Ukraine prompted safe-haven assets to gap higher at the weekly opening. The sentiment temporarily improved during the early session in the US. However, no...
EUR/USD⬆️ GBP/USD⬆️ USD/CAD⬇️ AUD/USD⬆️ USD/CHF⬇️ USD/JPY⬇️ XAU⬇️ WTI⬇️ Short-lived optimism ruled financial markets during London trading hours, as Ukrainian President Volodymyr Zelenskyy said that he believes there would not be war nor a wider escalation. However, European and American authorities have anticipated sanctions on Russia. The positive sentiment...
Today's forex news: Russia terminates diplomatic discussions, boosting the dollar. EUR/USD⬇️ GBP/USD⬇️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬆️ Risk aversion dominated financial markets, owing to growing geopolitical tensions in Eastern Europe. The greenback gained strength against high-yielding counterparts but lost ground against safe-haven counterparts. ...
Today’s Forex News: All eyes are on Federal Reserve officials and Russian diplomacy. EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬇️ The market sentiment has been rattled by the bad developments in the Russia-Ukraine conflict. Latest headlines from eastern Ukraine that Russia will extend military drills in Belarus that were due to end on Sunday, the...
Today's Forex News: Safe-haven assets in demand, but not the dollar Ukraine's crisis with Russia continued to dominate headlines and supported demand for safe-haven assets, even as speculative interest shifted away from the dollar. After both countries blamed one other for shelling that occurred early Thursday in the Donbass territory, major pairs stayed flat...
EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬆️ USD/CHF⬇️ XAU⬇️ WTI⬇️ The US dollar on Wednesday slipped lower despite positive US statistics and continued worry over Russian-Ukrainian border tensions. Additionally, the US Federal Reserve released the minutes from its most recent FOMC meeting, which indicated that policymakers are willing to raise rates but made no...
Today's forex news: Fear led to an increase in safe-haven assets EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬆️ XAU⬆️ WTI⬆️ On Monday, global markets were dominated by tensions between Russia and Ukraine, resulting in strong safe-haven demand. The spark was a comment by US President Joe Biden, who told his Ukrainian counterpart Volodymyr Zelensky on Sunday that if...
oday’s Forex news: The Ukraine crisis has had an impact on global markets EUR/USD⬆️ GBP/USD⬇️ AUD/USD⬇️ USD/CAD⬇️ XAU⬆️ WTI⬆️ There has been an impact on global markets caused by the Ukraine crisis. Russia has more than 100,000 troops massed near Ukraine and the US has repeatedly said an invasion is imminent. However, Moscow denies any such plans and has accused...
EUR/USD⬇️ GBP/USD⬆️ AUD/USD⬇️ USD/CAD⬇️ XAU⬆️ WTI⬇️ Falling government bond yields pulled down the American dollar, which closed the day mixed across the board. The 10-year Treasury note yield is currently around 1.93 percent, down from its weekly high of 1.97 percent. The GBP/USD pair trades at around 1.3525 daily, while the EUR/USD pivots approximately...
Here you can see the ratio of XAU (an index of 30 precious metal mining companies) to the S&P 500 compared to the yield on the US 10 year treasury (orange line). As you can see, we have been in a falling rate environment ever since Volcker jacked up rates in the early 80s and put a floor under the value of the Dollar. XAU/SPX has followed the treasury yields down...
EUR/USD⬆️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬇️ Significant pairings continued to lack directional momentum and traded between narrow intraday ranges. The dollar gained support from rising government bond yields, which reached 1.97 percent on the US 10-year Treasury note. On the other hand, the strength of yields was barely enough to keep the dollar from...
Market participants await EUR/USD⬇️ GBP/USD⬇️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬆️ The week started in slow motion, and the dollar ended the day mixed across the board. It managed to add some ground against its European rivals, although EUR/USD held above 1.1400, while GBP/USD settled at around 1.3530. European Central Bank President Christine Lagarde poured cold...
Today's forex news: Central banks move major currencies EUR/USD⬆️ GBP/USD⬆️ USD/CAD⬇️ AUD/USD⬆️ USD/JPY⬇️ XAU⬆️ WTI⬆️ The central banks' choices boosted European currencies, putting pressure on the dollar. To be expected, the Bank of England raised its policy rate by 25 basis points to 0.5 percent, despite 4 out of 9 voting members favoring a 0.50 percent...
Today’s Forex News: Dollar continues to weaken ahead of BOE, ECB EUR/USD⬆️ GBP/USD⬇️ USD/CAD⬆️ AUD/USD⬇️ XAU⬆️ WTI⬇️ On Wednesday, the dollar fell further, hitting new weekly lows against high-yielding peers. With the EU yearly Consumer Price Index rising to 5.1 percent in January, it outperformed expectations of 4.4 percent and 5 percent. A day before the...
EUR/USD⬆️ GBP/USD⬆️ USD/CAD⬇️ AUD/USD⬆️ XAU⬇️ WTI⬆️ The dollar fell again on Tuesday, though losses were limited. The EUR/USD pair ended the day steady at 1.1240/50 as disappointing EU data capped the shared currency. Despite the UK's political uncertainty, GBP/USD ended the day at about 1.3510. Despite the RBA's refusal to hint at a faster rate hike, the...