Selloff in the Japan Yen continued this week and intensified in Asian session today. The move came as global benchmark treasury yields powered up, including those in the US, Germany and UK. For now, commodity currencies are the stronger ones for, followed closely by Dollar. European majors are generally weak. Technically, Canadian Dollar appears to
Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve Governor Christopher Waller said Wednesday. That means the central bank likely will hike short-term rates by half a percentage point, or 50 basis points, at its meeting in
In this article NFLX Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Netflix is set to release its first-quarter earnings after the bell on Tuesday. The company’s shares have taken a big hit so far in 2022, falling more than 40% as it’s struggled to sustain subscriber growth
AUD/USD bears are lurking in a critical resistance area. The bears are looking for a discount to take put the daily supporting trendline. AUD/USD is chipping away at the downside following the People’s Bank of China’s decision to hold rates, but that does not tell the whole story of the pair. From technical analysis, the
On Tuesday, Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, announced its results for the first quarter of 2022. During this period, its revenue and net income grew by 93% and 94% year-over-year, respectively, to $59.9 million and $24.7 million. The company is most notable for its Silvergate Exchange Network, or SEN, which
MUFG Research discusses USD/JPY outlook and sees a scope for a move towards 130-level ahead of 135. “The yen has continued to weaken sharply during the Asian trading session with USD/JPY on course for its thirteenth consecutive higher daily close. It would be the longest run of losses since the Bloomberg price data started in
The AUDUSD fell yesterday closing below its 61.8% retracement of the move up from the March 15 low at 0.7353, and below a swing area between 0.73675 and 0.73799 (see post here from yesterday). In the Asian Pacific session, the price started to extend into that swing area (see yellow area and red numbered circles)
NEW DELHI: Gold prices eased on Tuesday after touching the key levels of $2,000 per ounce in the previous session. A stronger dollar dented the bullion’s appeal. Gold climbed to $1,998.10 on Monday, buoyed by safe-haven demand, as the Ukraine crisis dragged on and inflation concerns mounted. However, the metal later gave up most gains
Yen’s weakness remains the main theme today as selloff in major global treasuries continue. US 10-year yield breaches 2.9 handle while Germany 10-year yield breaches 0.94. UK 10-year Gilt yield is also heading towards 2% handle. Swiss Franc is following as second weakest together with Canadian Dollar. On the other hand, Aussie and leading the
Customers pushing shopping carts shop at a supermarket on April 12, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images Consumers continued to spend in March even as inflation rose to its highest level since late 1981, according to government data released Thursday. Retail sales climbed 0.5% from the
In this article JNJ Syringes and a box of Johnson & Johnson vaccine. Paul Hennessy | SOPA Images | LightRocket | Getty Images Johnson & Johnson on Tuesday lowered its full-year sales and earnings outlook, and stopped providing Covid-19 vaccine sales guidance due to a global supply surplus and demand uncertainty. J&J is now forecasting
DXY alternates gains with losses near 101.00. US yields advances to new highs on Tuesday. US housing data surprised to the upside in March. The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, extends the rally to the area just beyond the 101.00 mark on turnaround Tuesday. US
Decentralized Finance (DeFi) is continuing to gain traction and DeFi protocols are raising millions to offer retail investors better access to the growing market. Ribbon Finance, a protocol that makes it easier for investors to benefit from the complicated world of crypto derivatives, just raised $8.8 million after partnering with Paradigm to build new risk
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Welcome to part two of the basics of forex trading video. Let’s keep up the momentum from part one and take the next steps toward becoming a successful forex trader. In this video, we’ll look at three types of currency markets, the Spot, Forwards, and Futures markets. After, I’ll introduce the three main trading styles
Welcome to TradeIQ! In this video I will show you a highly effective trading strategy that will make you huge profits. This strategy works on crypto, stocks and forex. This is an indicator trading strategy and it includes 3 indicators – QQE MOD, SSL Hybrid and Waddah Attar Explosion. This strategy is designed to identify
ICYMI – this via a US Treasury statement on the schedule for U.S. Secretary of the Treasury Janet L. Yellen …at the 2022 IMF-World Bank Spring Meetings, G7 and G20 Finance Ministers and Central Bank Governors Meetings. Eyebrows will be raised by Yellen meeting with Suzuki, yen issues are likely to be a topic of
The EURGBP moved to the low for the week on Thursday. That took the pair to lowest level since March 7 in the process. After waffling up and down on Friday (Good Friday), the price moved higher in trading today and sniffed the falling 100 hour moving average (blue line in the chart above). The