English (India)

The news and analysis archive

See what you've missed and make informed trading decisions.

The news and analysis archive
Wall Street stumbled on Russia-Finland and MonkeyPox virus scare

Wall Street stumbled on Russia-Finland and MonkeyPox vi...

Wall Street stumbled mid-Friday on Russia-Finland geopolitical tension and MonkeyPox virus outbreak concern. Dow Future was already under stress on the concern of synchronized glob...

Read more...
20
May

UK Retail Sales, German PPI

The U.S. dollar noticeably weakened on Thursday with many major and emerging market pairs further reversing after the recent dollar-rally. While the USD/TRY pair also moved a bit l...

Read more...
Gold surged as bond yield eased on stagflation concern

Gold surged as bond yield eased on stagflation concern

Gold (XAU/USD-Spot) made a 5-day high around 1849.14 early U.S. sessions Thursday and well off the recent low of 1786.95 as US 10Y bond yield eased from +3.203% to +2.776% on the s...

Read more...
19
May

U.S. Home Sales, Leading Indicators, Japan CPI

The U.S. dollar traded overall stronger against many major and emerging market currencies with some exceptions like the USD/JPY and USD/CHF pairs which both moved lower despite a s...

Read more...
Dow plunged on the concern of stagflation and the Russian warning

Dow plunged on the concern of stagflation and the Russi...

Wall Street plunged Wednesday on the concern of synchronized global stagflation amid elevated inflation amid lingering Russian geopolitical tensions with economic sanctions. Dow al...

Read more...
18
May

Eurozone and Canada CPI, U.S. Housing Starts, Cisco Ear...

While the dollar continued to trade weaker against many other major currencies the upside in the USD/TRY continued as it reached on Tuesday for the first time this year the 16.0-le...

Read more...
Wall Street wobbled on less dovish Powell talks

Wall Street wobbled on less dovish Powell talks

Dow Future jumped almost +568 points from Friday closing levels 3212.00 to a high 32688.00 early U.S. session Tuesday on China’s exit strategy from zero COVID lockdown policies, up...

Read more...
17
May

EU GDP, Italian CPI, U.S. Retail Sales, Industrial Prod...

While the U.S. dollar traded noticeably lighter against other major currencies with the USDX now well below its recent high around the 105-mark there were some developments among e...

Read more...
Oil surged on hopes of an all-out EU ban on Russian supply

Oil surged on hopes of an all-out EU ban on Russian sup...

Oil (WTI-June Exp) made a multiday high around 110.80 early U.S. sessions Monday, surged almost +0.28% from Friday close around 110.49 on hopes & hypes of an all-out EU embargo on ...

Read more...
16
May

Eurozone Trade Balance, U.S. Business Conditions, Take-...

While the dollar traded at the start of the week fairly stable against other major currencies as seen in the performance of the USDX index, some possibly significant movements coul...

Read more...
Wall Street recovered after less hawkish Powell talks

Wall Street recovered after less hawkish Powell talks

Dow Future made a panic low around 31148.00 Thursday on the concern of faster Fed tightening and resultant economic hard landing. On Thursday, Dow Future made a session high around...

Read more...
13
May

Eurozone Industrial Production, French CPI, U.S. Consum...

The U.S. dollar and especially the Japanese yen (JPY) significantly appreciated against multiple major currencies with the EUR/USD pair reaching a new low since 2017, while the GBP...

Read more...
India 50 plunged on the concern of faster Fed and RBI tightening

India 50 plunged on the concern of faster Fed and RBI t...

India 50 (CFD version of India’s benchmark stock index Nifty 50) plunged to two month low of around 15670.00 during the Indian session of trading Thursday. India’s Nifty 50 index m...

Read more...
12
May

US Jobless Claims, Swiss PPI, UK GDP

After some stability over the past days, many USD-emerging market pairs like the USD/CNH and USD/INR and traded again higher by Thursday morning. The USD/TRY pair remained at a fai...

Read more...
US stocks wobbled after hotter than expected April inflation

US stocks wobbled after hotter than expected April infl...

On Wednesday all focus was on U.S. inflation data as eventually, it will guide Fed to tightening pace in September, November and December. Wall Street Futures, Gold, and UST stumbl...

Read more...
11
May

U.S. CPI, EIA Oil Data, Disney and Beyond Meat Earnings

The dollar traded overall only moderately stronger against other major currencies on Tuesday as seen from the performance of the USDX index. Many emerging market pairs, which over ...

Read more...
Dow, Gold under stress on hawkish Fed talks ahead of CPI data

Dow, Gold under stress on hawkish Fed talks ahead of CP...

Wall Street and Gold are both under stress on more hawkish than expected Fed talks ahead of inflation/CPI data. After the last Fed meeting on 4th May, there was a deluge of Fed spe...

Read more...
10
May

German ZEW Index, Peloton, Coinbase and Occidental Petr...

While the dollar traded on average mostly stable against other majors there were once again movements in emerging markets. The USD/TRY pair failed to stabilised below the 15.0-thre...

Read more...
Dow, Gold wobbles amid a deluge of less dovish Fed comments

Dow, Gold wobbles amid a deluge of less dovish Fed comm...

On Friday, Wall Street Futures, Gold wobbled but eventually recovered from the low as the goldilocks nature of the April NFP job report and similar reports for the next few months ...

Read more...
USDJPY stumbles after Goldilocks April NFP job report

USDJPY stumbles after Goldilocks April NFP job report

On Friday, all focus of the market was also on the April NFP jobs report. Although Fed/Powell has almost confirmed about +0.50% rate hikes in June and July, the pace of the same in...

Read more...