Category: Ahead
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NZDUSD Technical Analysis – A look at the chart ahead of the RBNZ decision
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Basic Overview The US dollar has been broadly weaker since last Friday following the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. We will…
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Dollar gains ahead of Powell testimony; euro stabilizes By Investing.com
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The U.S. dollar rose in early European trading on Tuesday, recovering from a one-month low ahead of Federal Reserve Chairman Jerome Powell’s Senate testimony, while the euro held firm amid a volatile French political climate. At 04:45 ET (08:45 GMT), the dollar index, which tracks the greenback against a basket…
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Asia FX muted as dollar steadies ahead of Powell; yen remains fragile By Investing.com
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Most Asian currencies fell on Tuesday as the dollar found some strength ahead of Federal Reserve Chairman Jerome Powell’s testimony, while the yen remained at 38-year lows. Sentiment towards Asia also remained tense amid ongoing concerns over new European tariffs on imports from China, which could trigger retaliatory measures from…
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Dollar stabilizes ahead of key inflation data; euro gains By Investing.com
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Investing.com – The U.S. dollar was steady in early European trade on Monday ahead of key inflation data, while the euro rose as traders digested the results of the French parliamentary election. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other…
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XRP Bulls Face Continued Pressure: Key Challenges Ahead
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XRP price is struggling to stay below the $0.4250 support area. The price is trying to consolidate its losses and may struggle to recover above the $0.450 resistance level. XRP price struggled to recover above the $0.450 level and started another decline. The price is now trading below the 0.4250…
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XRP Bulls Face Continued Pressure: Key Challenges Ahead
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XRP price is struggling to stay below the $0.4250 support area. The price is trying to consolidate its losses and may struggle to recover above the $0.450 resistance level. XRP price struggled to recover above the $0.450 level and started another decline. The price is now trading below the 0.4250…
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Week Ahead in FX (July 1 – 5): U.S. Inflation Updates, RBNZ’s Decision, And U.K.’s GDP On Tap
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Markets are heading into a relatively quiet trading week with only a few major events expected on the agenda. But that doesn’t mean major assets won’t see increased volatility! Uncle Sam dropped June inflation figures which could impact Fed rate cut talks. The Reserve Bank of New Zealand will also…
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Biden Polymarket odds hit 49% ahead of Kamala Harris at 36%
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According to Poly Market Bettors’ OddsPresident Joe Biden remains the favorite at 48% to retain the Democratic nomination for the 2024 presidential election. Vice President Kamala Harris is next at 36%. Politics has become one of the hottest topics on Polymarket, a site where users bet on some of the…
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Biden Polymarket odds hit 49% ahead of Kamala Harris at 36%
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According to Poly Market Bettors’ OddsPresident Joe Biden remains the favorite at 48% to retain the Democratic nomination for the 2024 presidential election. Vice President Kamala Harris is next at 36%. Politics has become one of the hottest topics on Polymarket, a site where users bet on some of the…
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Newsquawk Week Ahead: US CPI, Powell testimony and US earnings
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Sun: French Election (second round) Mon: CNB Minutes (June), Eurogroup Informal meeting of Competitiveness Ministers; Japanese Overtime Pay (May),German Trade Data (May), EZ Sentix Index (July), BoI Announcement, US Employment Trends Tue: BoJ Bond Meeting 9-10, EIA STEO; Australian Consumer Sentiment, Hungarian CPI (June), Mexican 12-monthInflation (June), Powell Testimony (Senate)…
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Dollar slips ahead of payrolls; sterling gains post election By Investing.com
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The US dollar fell in early European trading on Friday ahead of a key monthly jobs report, while the British pound rose after the UK general election result. At 03:55 ET (07:55 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.4%…
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Asia FX rises ahead of nonfarm payrolls; yen firms amid intervention watch By Investing.com
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Most Asian currencies rose slightly on Friday, recovering further as the dollar weakened ahead of key jobs data, while the Japanese yen rose sharply on speculation of possible government intervention. Elsewhere, the S&P 500 rose slightly on expectations that the Labour Party would win a landslide victory in the UK…
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How fertiliser imports fell 66 percent ahead of scandal
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Kenya has cut its fertilizer imports by about three-quarters ahead of this year’s main planting season, which has been marred by reports of fake inputs, official figures show, threatening to reverse the country’s gradual improvement in food security. It is estimated that nearly 143,569.5 tons of chemical fertilizers were shipped…
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UK political stability (relative to elsewhere) will support UK markets ahead
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In a note from Bank of America ahead of the election, it was said that the election seemed to be a minor event for the UK markets. This was true given that opinion polls were overwhelmingly in favour of the new government. Bank of America concluded by saying that one…
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Longest Miner Capitulation Since 2022 Signals Potential Bitcoin Rally Ahead
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Bitcoin (BTC) has recently struggled to regain its upward momentum.is still in a consolidation phase above the crucial support level of $60,000. Despite hitting an all-time high three months ago, the largest cryptocurrency saw a drop to $59,500 on Wednesday due to increased selling pressure from miners. Bitcoin sell wave…
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USDCAD moves down toward low of multi-week range ahead of jobs reports on Friday
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The USD/CAD pair continued its downward movement today on the back of lower interest rates and weaker US data. Technically, the price moved below the 100 and 200-bar moving averages on the 4-hour chart yesterday, and remained below those moving averages in the early Asian session today, before moving lower…
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Dollar slips after dovish Powell speech; euro gains ahead of French vote By Investing.com
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The US dollar fell in early European trading on Wednesday after Federal Reserve Chairman Jerome Powell signaled progress toward lowering inflation, while the euro rose ahead of the second round of French parliamentary votes. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of…
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US stocks are trading marginally higher ahead of the early Independence Day close
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Major U.S. stock indexes are trading mixed in early trading ahead of an early close at 1 p.m. Tomorrow, the U.S. stock market will be closed in observance of the Independence Day holiday. The bond market closes today at 2 p.m. ET and will be closed tomorrow as well: The…
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Asia FX muted as dollar steadies ahead of rate cues; yen weakens further By Investing.com
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Most Asian currencies fell slightly on Tuesday as the dollar recovered from recent losses ahead of a series of interest rate signals, while the Japanese yen weakened further to territory not seen in 38 years. Regional currencies saw little support even as traders priced in increased chances of a Federal…
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Dollar edges higher on Trump expectations; euro slips ahead of inflation data By Investing.com
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Investing.com – The U.S. dollar was slightly higher in early European trade on Tuesday, recovering from recent losses, while the euro fell ahead of key inflation data. At 04:30 ET (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at…