Analisis

Russia’s Wagner Group Sends Gold & Oil Higher

Stocks could get a momentary lift on such hopes, but really the weight of the current economic slow-down in the USA and the continuation of higher rates, are likely to again see lower stock prices later in the day.

ACY Securities | 770 hari yang lalu

Forex Analysis - AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD

Last week EURJPY and GBPJPY finished positive for the week. AUDJPY, AUDUSD, EURUSD, and GBPUSD finished down for the week. USD Index reversed at the 102.36 daily support level and finished positive for the week.

ACY Securities | 770 hari yang lalu

Sterling Slumps Post BOE Rate Hike; Dollar Climbs

The Bank of England hiked its Key Interest Rate 50 basis points to 5%, higher than the 0.25% increase markets had expected.

ACY Securities | 770 hari yang lalu

Eurozone PMI drops again in June, confirming weakness in economy.

The PMI dropped sharply in June, giving a broad sense of weakening economic activity towards the end of the quarter.

ACY Securities | 770 hari yang lalu

Wagner Impact in a falling market.

While some momentary support to equity markets from the Wagner Group mutiny is possible, the fundamental pressure I am sorry to say, again continues to crumble away at the foundations of recent equity strength.

ACY Securities | 770 hari yang lalu

ECB central bank conference kicks off in Sintra

Concerns about China's growth affect Far East equities, US/European futures may gain. A failed coup in Russia doesn't shift market sentiment. German IFO survey may indicate economic slowdown. ECB's Lagarde to discuss persistent Eurozone inflation. In the UK, Bank of England's Dhingra, dissenting on the rate hike, to speak. GBP/USD above 1.27 after unexpected rate rise.

Moneta Markets | 771 hari yang lalu

Stocks Falling, USD Bid - We Explain

While the world has faced and continues to face many challenges, these major historic errors of largely western central banks in completely missing the rise of a new inflation animal, continue to wreak havoc around the globe.

ACY Securities | 774 hari yang lalu

AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, & S&P 500

Forex trading has never been more interesting that it is right now. So many interesting moves captured by Duncan Cooper on the AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD index, Gold, and the S&P 500 in his live market analysis webinar replay.

ACY Securities | 774 hari yang lalu

USD/JPY Soars to 2023 Highs on Fed/BOJ Divergence, DXY Strengthens

The US Dollar soared to fresh 2023 highs against the Japanese Yen on the widening divergence between the Fed and BOJ on interest rates. Overnight, the USD/JPY pair traded to 143.22, overnight and 7-month high before easing to settle at 143.12 (142.15 yesterday).

ACY Securities | 774 hari yang lalu

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 | 774 hari yang lalu

Rate Hikes Tip Into Lasting Destruction

The Bank of England and Norway both raised rates by a full 50 points. Fresh Recessions across Europe, the US and Australia are now likely inescapable.

ACY Securities | 774 hari yang lalu

Accumulation in Bitcoin, Ethereum

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Accumulation in Bitcoin, Ethereum

FxPro | 774 hari yang lalu

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 | 774 hari yang lalu

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.