GBP/JPY dipped back from earlier highs near 155.00 to the low 154.00s but remains within recent ranges. The pair is still trading in the green after nursing a recovery from an earlier weekly dip. There is notable resistance in the 153.00 area and resistance in the 155.50 area. GBP/JPY held within a 154.00-155.00ish range on […]
The FOMC meeting turned out to me more hawkish than expected and markets are now pricing in four to five hikes this year, instead of three. Dollar was given a strong boost and surged broadly to end as the strongest one. Nevertheless, reactions in the stock markets, while wild, were not pessimistic. Sterling followed as
Dollar Skyrockets on Hawkish Fed, Sterling Trailing Behind Read More »
EURUSD keeps the seller in firm control The EURUSD is looking to go into the weekend with the bearish bias intact. Looking at the four hour chart above, the pair fell below the low from 2021 (from November) during yesterday’s trade at 1.11853. The corrective move off of the low today at 11207 could only
Markets: Gold down $8 to $1788 WTI crude oil up 50-cents to $85.79 US 10-year yields down 2 bps to 1.78% S&P 500 up 105 points, or 2.4%, to 4431 JPY leads, NZD lags I’m inclined to avoid attaching a fundamental narrative to any of today’s price moves. It was a volatile month and it’s
ForexLive Americas FX news wrap: Dollar stays strong, US equities finish with a fourish Read More »
Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters Chevron shares declined Friday after the company reported a mixed quarter, despite surging oil and gas prices. Chevron earned $2.56 per share excluding items during the
New Delhi: Gold price in the national capital declined by Rs 423 to Rs 47,777 per 10 grams on Friday amid weak international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 48,200 per 10 grams. Silver also dipped by Rs 1,105 to Rs
Gold declines Rs 423; silver tanks Rs 1,105 Read More »