AUD traders heads up – RBA Statement (SoMP) due on Friday, then Lowe speaks next week
The Reserve Bank of Australia sounded a hawkish note in its policy decision and accompanying statement from Governor Lowe: The RBA promised “further increases in interest rates will be needed over the months ahead”. The quarterly Statement on Monetary Policy (SOMP) is due on Friday at 11.30 am Sydney time. 0030 GMT, and 1930 US […]
Indian refiners have begun paying for Russian oil via Dubai traders in UAE dirhams
An interesting weekend item from Reuters about oil, but also about circumventing trade payments in the dominant USD – helping Russia to de-dollarise its economy. Indian refiners have begun paying for most of their Russian oil purchased via Dubai-based traders in United Arab Emirates dirhams instead of U.S. dollars India’s top bank, the State Bank […]
US Dollar Rose as Upbeat Jobless Claims Enticed Traders Before Non-Farm Payrolls
US Dollar, Jobless Claims, Apple & Amazon Earnings – Asia Pacific Market Open: US Dollar pivots on Thursday after disappointing Wednesday Upbeat jobless claims data underscored data-dependent Fed Soft Apple & Amazon earnings may benefit DXY before NFPs Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific Market Briefing – US Dollar Gains on […]
Fed Traders See Pivot From Rate Hikes to Rate Cuts in Second Half By Bloomberg
(Bloomberg) — Traders in the interest rate swaps market have concluded after the Federal Reserve rate decision that policy direction is set for a deeper dovish pivot from the middle of this year. Swap contracts tied to this years Fed meetings show approximately 50 basis points of rate cuts are now firmly priced between the […]
Record Activity of Retail FX/CFD Traders
The last quarter of 2022 exhibited visible changes in key operational metrics related to retail traders. Finance Magnates Intelligence dives deeper into CPattern data for October to see if there is hope for any significant turnaround in the industry data. The first month of the last quarter witnessed an increase in all three metrics that […]
Traders struggle to cheer China, IMF news, softer Oil price amid mixed details
Asia-Pacific equities trade mixed, grinding lower of late as traders remain cautious ahead of top-tier data/events. Upbeat China PMI, IMF growth forecasts join Covid-linked headlines to underpin bullish bias. Mixed concerns surrounding China, due to downbeat Industrial Profits, sour sentiment in India and hawkish BoJ talks probe equity buyers. S&P 500 Futures hesitate in extending […]
XAU/USD seesaws around $1920s with traders bracing for US FOMC’s decision
Gold is subdued, though barely above its opening price, ahead of the Federal Reserve meeting. United States last week’s data justifies the Fed’s case to slow the size of interest rate increases. Gold Price Forecast: Choppy trading, still mostly sideways with traders sidelined ahead of the Fed’s decision. Gold price trades mostly sideways due to investors preparing […]
Ardu Prime Improves the Bottom Line for Traders
Well-known in the online trading space, Ardu Prime has managed to hold the pole position in the Forex and CFD market for the past 23 years, proving time and again that it’s got the drive and expertise to stay relevant. Demonstrating an incredible agility to respond to clients’ demands, Ardu Prime has created a state-of-the-art, […]
Dollar clings to gains after U.S. data; traders eye Fed next week By Reuters
2/2 © Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo 2/2 By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar clung to modest gains against the euro on Friday after data showed falling U.S. consumer spending and cooling inflation, and as investors awaited a slew […]
EUR/USD holds at around 1.0860s as traders brace for the Fed and ECB’s decisions
The US core PCE, the Fed’s preferred gauge for inflation, edges down, sparking speculations for a Fed pivot. Consumer Sentiment improved, while inflation expectations ticked lower. EUR/USD Price Analysis: Upward biased, but short-term neutral, ahead of Fed and ECB’s decisions. The EUR/USD got rejected from the 1.0900 psychological barrier for two consecutive days and on […]