US Dollar Fundamental Forecast: Rally May Fade on Fed Balance Sheet Announcement

The US Dollar's impressive run may be interrupted by the upcoming FOMC policy decision, but a pullback may be short lived as an expected balance sheet reduction plan could strain liquidity in markets.

US Dollar Fundamental Forecast: Rally May Fade on Fed Balance Sheet Announcement

The US Dollar's impressive run may be interrupted by the upcoming FOMC policy decision, but a pullback may be short lived as an expected balance sheet reduction plan could strain liquidity in markets. Via DailyFX - Market News https://ift.tt/MvVFUxy

Australian Dollar Forecast: Will the RBA Hike? If So, AUD/USD Still Faces Roadblocks

The Australian Dollar underperformed against the US Dollar last week despite a hotter-than-expected local CPI report. Could an RBA rate hike revive AUD/USD bulls?

Australian Dollar Forecast: Will the RBA Hike? If So, AUD/USD Still Faces Roadblocks

The Australian Dollar underperformed against the US Dollar last week despite a hotter-than-expected local CPI report. Could an RBA rate hike revive AUD/USD bulls? Via DailyFX - Market News https://ift.tt/MvVFUxy

Dollar Retreats Slightly From Recent High, Loses Ground Against Some Counterparts

The U.S. dollar turned a bit weak against some of its major counterparts on Friday, and dropped down from a near 20-year high touched a day earlier, due largely to some profit taking.

The dollar had been climbing higher in recent sessions, hitting new highs in the process, amid rising prospects of sharper interest rate hikes by the Federal Reserve in the coming months.

In today's economic news, revised data from the University of Michigan showed consumer sentiment in the U.S. improved slightly less than initially estimated in the month of April.

The report showed the consumer sentiment index for April was downwardly revised to 65.2 from the preliminary reading of 65.7. Nonetheless, the index is still sharply higher than the final March reading of 59.4.

A report released by MNI Indicators showed its Chicago business barometer slumped to 56.4 in April after jumping to 62.9 in March, although a reading above 50 still indicates growth.

The pullback by the Chicago business barometer came as the new orders index and the production index slid to their lowest levels since the summer of 2020.

The new orders index plunged to 51.1 in April from 61.9 in March, while the production index tumbled to 50.9 in April from 60.0 in March.

A report released by the Commerce Department showed U.S. personal income increased by 0.5% in March, after climbing by an upwardly revised 0.7% in February. Economists had expected personal income to rise by 0.4% compared to the 0.5% increase originally reported for the previous month.

The report also showed personal spending jumped by 1.1% in March after advancing by an upwardly revised 0.6% in February. Economists had expected personal spending to increase by 0.7% compared to the 0.2% uptick originally reported for the previous month.

The dollar index, which rose to 103.93 on Thursday and settled at 103.62, opened around the previous closing level today and dropped to a low of 102.82 before recovering to 103.22.

Against the Euro, the dollar traded at $1.0548, easing from $1.0500.

The dollar was down nearly 1% against Pound Sterling, having weakened to $1.2576 from $1.2458.

Against the Japanese currency, the dollar weakened to 129.85 yen from 130.82.

Against the Aussie, the dollar traded at 0.7062, gaining from 0.7098.

The Swiss franc dropped to 0.9736 from 0.9720, while the Loonie weakened to 1.2859 from 1.2809. Loonie firmed after data showed the Canadian economy expanded at the fastest pace since March 2021 in February.

Data from Statistics Canada showed that real gross domestic product climbed by 1.1% in February, following a 0.2% increase in January. Economists had forecast a 0.8% growth.

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source http://www.mt5.com/forex_news/quickview/2193183/

Oil Snaps 3-day Winning Streak

Crude oil futures pared early gains and drifted lower on Friday, snapping a three-day winning streak, as worries about outlook for energy demand weighed on prices.

Oil prices surged earlier in the session as worries about supply outweighed concerns over outlook for oil demand.

The sanctions on Russia is expected to reduce the supplies of crude from Russia far more than the reduction in demand from China, where several places are under coronvirus curbs.

West Texas Intermediate Crude oil futures for June ended lower by $0.67 or about 0.6% at $104.69 a barrel. WTI crude futures gained about 3.3% in the week.

Brent crude futures were down $0.72 or 0.67% at $106.60 a barrel.

A report released by Baker Hughes this afternoon showed Oil rigs count in the U.S. rose by 3 to 552 in the week. Natural gas rigs count remains unchanged at 144, while total rigs count in the country rose by 3 to 698.

Markets are looking ahead to the results of the OPEC+ meeting next week to assess the planned increase in output in June, by the group of nations.

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source http://www.mt5.com/forex_news/quickview/2193182/

Treasuries Close Moderately Lower Ahead Of Next Week's Fed Meeting

Treasuries saw considerable volatility in morning trading on Friday before spending the afternoon in negative territory.

Bond prices regained some ground going into the close but remained in the red. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.3 basis points to 2.887 percent.

The lower close by treasuries may have reflected concerns about next week's Federal Reserve meeting, with the Fed widely expected to raise interest rates by 50 basis points.

Traders are likely to pay close attention to the Fed's accompanying statement for clues about aggressive the central bank plans to tighten monetary policy going forward.

On the U.S. economic front, a report released by the Commerce Department showed U.S. personal income increased by slightly more than expected in the month of March, while U.S. personal spending jumped by much more than anticipated.

The Commerce Department said personal income rose by 0.5 percent in March after climbing by an upwardly revised 0.7 percent in February.

Economists had expected personal income to rise by 0.4 percent compared to the 0.5 percent increase originally reported for the previous month.

The report also showed personal spending jumped by 1.1 percent in March after advancing by an upwardly revised 0.6 percent in February.

Personal spending was expected to increase by 0.7 percent compared to the 0.2 percent uptick originally reported for the previous month.

Meanwhile, a reading on inflation said to be preferred by the Fed showed the annual rate of core consumer price growth slowed to 5.2 percent in March from 5.3 percent in February.

While the Fed meeting is likely to be in the spotlight next week, traders are also likely to keep an eye on the monthly jobs report.

Reports on manufacturing and service sector activity, factory orders, the U.S. trade deficit and labor productivity may also attract some attention

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2193181/

Gold Futures Settle Higher As Dollar Turns Weak

Gold futures settled higher on Friday as the dollar turned weak against its major counterparts, weighed down by data showing a surprise contraction in the American economy in the first quarter.

The dollar had been moving up steadily over the past few sessions amid expectations of aggressive rate hikes by the Federal Reserve to combat inflation.

The dollar index, which rose to a near 20-year high to $103.93 on Thursday, dropped to 102.82 today, losing about 0.8%.

Gold futures for June ended higher by $20.40 or about 1.1% at $1,911.70 an ounce, off the session's high of $1,921.30.

Silver futures for July ended down by $0.096 at $23.085 an ounce, while Copper futures for July settled at $4.4085 per pound, down $0.0250 from the previous close.

A report released by the Commerce Department showed U.S. personal income increased by slightly more than expected in the month of March, rising by 0.5% in the month, after climbing by an upwardly revised 0.7% in February.

Economists had expected personal income to rise by 0.4% compared to the 0.5% increase originally reported for the previous month.

The report also showed personal spending jumped by 1.1% in March after advancing by an upwardly revised 0.6% in February.

Personal spending was expected to increase by 0.7% compared to the 0.2% uptick originally reported for the previous month.

Meanwhile, a reading on inflation said to be preferred by the Fed showed the annual rate of core consumer price growth slowed to 5.2% in March from 5.3% in February.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2193180/

Gold Prices Rise, but is There Enough Momentum for XAU/USD to Follow Through?

Gold prices aimed higher over the past 24 hours, reinforcing a key support zone. A Bullish Engulfing on the 4-hour chart seems to suggest that gains could be in store for the near term. Via DailyFX - Market News https://ift.tt/InaXvEK

Oil Futures Settle Higher For 3rd Straight Session

Crude oil prices climbed higher on Thursday amid concerns over supply due to the possible impact of sanctions on Russia's crude oil production.

Meanwhile, Germany, which was against a ban on Russian oil, has dropped its opposition to a European Union ban on purchases of Russian oil provided it is given time to find alternative sources of supply.

Crude oil prices struggled for support earlier in the session as coronavirus restrictions in China and the geopolitical crisis in Europe raised concerns about outlook for energy demand.

Data released by U.S. Energy Information Administration (EIA) on Wednesday that showed a drop in gasoline and distillate stockpiles last week supported oil prices.

The EIA data showed crude inventories rose by 700,000 barrels in the week ended April 22. Gasoline inventories dropped by 1.6 million barrels in the week, significantly more than an expected drop of about 100,000 barrels.

Distillate stockpiles fell 1.4 million barrels last week, the EIA data showed.

West Texas Intermediate Crude oil futures for June ended higher by $3.34 or about 3.3% at $105.36 a barrel.

Brent crude futures were up $2.52 or 2.4% at $107.47 a barrel a little while ago.

Markets are keenly awaiting the outcome of the meeting of OPEC+ countries scheduled next week, to discuss the increase in output in the month of June.

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source http://www.mt5.com/forex_news/quickview/2193073/

Treasuries Extend Pullback Despite Unexpected Decrease In GDP

Treasuries moved to the downside during trading on Thursday, extending the pullback seen in the previous session.

Bond prices moved lower early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.5 basis points to 2.863 percent.

The continued weakness among treasuries came as traders remained worried about the outlook for interest rates even though the Commerce Department released a report showing U.S. economic activity unexpectedly contracted in the first quarter of 2022.

The report said real gross domestic product declined by 1.4 percent in the first quarter after spiking by 6.9 percent in the fourth quarter of 2021. The pullback surprised economists, who had expected GDP to increase by 1.1 percent.

The Commerce Department said the unexpected drop in GDP reflected decreases in private inventory investment, exports, and government spending along with an increase in imports, which are a subtraction in the calculation of GDP

On the other hand, the report showed increases in consumer spending, non-residential fixed investment and residential fixed investment.

A separate report from the Labor Department showed first-time claims for U.S. unemployment benefits edged slightly lower in the week ended April 23rd.

Treasuries remained firmly negative even as the Treasury Department revealed this month's auction of $44 billion worth of seven-year notes attracted above average demand.

The seven-year note auction drew a high yield of 2.908 percent and a bid-to-cover ratio of 2.41, while the ten previous seven-year note auctions had an average bid-to-cover ratio of 2.32.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

Looking ahead, trading on Friday may be impacted by reaction to reports on personal income and spending and consumer sentiment.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2193072/

Seven-Year Note Auction Attracts Above Average Demand

Finishing off this week's series of announcement of the results of its long-term securities auctions, the Treasury Department on Thursday revealed this month's auction of $44 billion worth of seven-year notes attracted above average demand.

The seven-year note auction drew a high yield of 2.908 percent and a bid-to-cover ratio of 2.41.

Last month, the Treasury sold $47 billion worth of seven-year notes, drawing a high yield of 2.499 percent and a bid-to-cover ratio of 2.44.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous seven-year note auctions had an average bid-to-cover ratio of 2.32.

Earlier this week, the Treasury revealed this month's two-year note auction attracted well above average demand, while this month's five-year note auction attracted average demand.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2193071/

USD/JPY Rally Pushes RSI Back into Overbought Territory

USD/JPY may continue to appreciate over the coming days as the recent rally pushes the Relative Strength Index (RSI) back into overbought territory. Via DailyFX - Market News https://ift.tt/InaXvEK

Crude Oil Price Forecast Q2 2022: Robust Demand Still Met with Limited Supply

The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. Current market conditions may lead to higher crude prices as expectations fo... Via DailyFX - Market News https://ift.tt/InaXvEK

Gold Futures Settle Slightly Up As Data Shows Surprise Contraction In GDP

Gold prices moved in a tight band on Thursday before settling slightly up even as the dollar continued its move up north amid rising prospects of sharper interest rate hikes by the Federal Reserve.

Gold prices climbed higher after data showed a surprise contraction in the U.S. economy in the first quarter of 2022.

The dollar index spurted to 103.93 before easing to 103.63 on GDP data, but remained still up with a strong gain of 0.65%.

Gold futures for June ended higher by $2.60 or about 0.1% at $1,891.30 an ounce.

Silver futures for July ended down by $0.324 at $23.181 an ounce, while Copper futures for July settled at $4.4335 per pound, down $0.0415 from the previous close.

A report released by the Commerce Department showed U.S. economic activity unexpectedly contracted in the first quarter of 2022, with gross domestic product declining by 1.4%, after spiking by 6.9% in the fourth quarter of 2021.

The pullback surprised economists, who had expected GDP to increase by 1.1%.

The Commerce Department said the unexpected drop in GDP reflected decreases in private inventory investment, exports, and government spending along with an increase in imports, which are a subtraction in the calculation of GDP.

According to the report released by the Labor Department, first-time claims for U.S. unemployment benefits edged slightly lower in the week ended April 23rd, dipping to 180,000, a decrease of 5,000 from the previous week's revised level of 185,000.

Economists had expected jobless claims to slip to 180,000 from the 184,000 originally reported for the previous week.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2193070/

*New Zealand Trade Deficit NZ$392 Million In March

New Zealand Trade Deficit NZ$392 Million In March

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source http://www.mt5.com/forex_news/quickview/2192983/

Japanese Yen Falls, USD/JPY Soars as Bank of Japan Commits to Defending 10Y JGB Target

The Japanese Yen weakened as the Bank of Japan maintained benchmark lending rates and the 10-year bond yield target despite boosting inflation estimates. Where to for USD/JPY? Via DailyFX - Market News https://ift.tt/1wqJUZj

Japan Rate Decision On Tap For Thursday

The Bank of Japan will wrap up its monetary policy meeting on Thursday and then release its quarterly report and its decision on interest rates, highlighting a busy day in Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate steady at -0.10 percent.

Japan also will provide March numbers for industrial production, retail sales and housing starts. In February, industrial output was up 2.0 percent on month and 0.5 percent on year, while retail sales slipped 0.8 percent both on month and on year and housing starts jumped an annual 6.3 percent.

Singapore will see preliminary Q1 figures for unemployment; in the three months prior, the jobless rate was 2.4 percent.

New Zealand will release March figures for imports, exports and trade balance. In February, Imports were worth NZ$5.88 billion and exports were at NZ$5.49 billion for a trade deficit of NZ$385 million.

Thailand will provide March numbers for industrial production, with forecasts suggesting an increase of 2.15 percent - slowing from 2.75 percent in February.

Hong Kong will see March data for imports, exports and trade balance. In February, imports were up 6.2 percent on year and exports rose an annual 0.9 percent for a trade deficit of HKD32.1 billion.

Taiwan will release an advance estimate for Q1 gross domestic product, with forecasts calling for an annual expansion of 2.9 percent - slowing from 4.86 percent in the three months prior.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192982/

Dollar Stays Firm Against Peers On Rate Hike Bets

The U.S. dollar continued to climb higher on Wednesday amid bets the Federal Reserve will hike interest rates by 50 basis points in May and the following months as well, to rein in inflation.

Worries about growth due to the impact of the ongoing war in Ukraine and the coronavirus restrictions in China also appear to be prompting traders to seek the safe-haven currency.

In U.S. economic news, pending home sales in the U.S. decreased for the fifth straight month in March, according to a report released by the National Association of Realtors.

NAR said its pending home sales slumped by 1.2% to 103.7 in March after plunging by 4% to a revised 105.0 in February. Economists had expected pending home sales to tumble by 1.6%.

The dollar index surged to 103.28, a fresh 25-month high, before easing a bit and paring some gains. Still, at 102.98, the index was up as much as 0.66% from the previous close.

Against the Euro, the dollar firmed to $1.0560 from around $1.0640.

The dollar strengthened to $1.2544 against Pound Sterling from $1.2580. The dollar fetched 128.42 yen a unit, up from 127.25 yen Tuesday evening.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192981/

South Korea Business Confidence Improves In April - BoK

Business confidence in South Korea showed an uptick in April, the Bank of Korea said on Thursday in its latest Business Survey Index, which climbed to a score of 87 from 84 in March.

In the non-manufacturing sector, the BSI on business conditions for April was 85, up 4 points from the previous month, and the outlook for the following month also rose by 3 points to 85.

The Economic Sentiment Index (ESI) - a composite of the BSI and the CSI (Consumer Survey Index) - for April was 105.7, up 2.3 points from March.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192980/

*South Korea Business Confidence Index 87 In April Vs. 84 In March - BoK

South Korea Business Confidence Index 87 In April Vs. 84 In March - BoK

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192979/

Oil Futures Settle Modestly Higher After Inventory Data

Crude oil prices climbed higher on Wednesday, lifted by data showing a notable drop in gasoline and distillate stockpiles last week.

Oil prices also found support from news that Russian gas company Gazrom has halted gas supplies to Poland and Bulgaria for rejecting its demand to pay in Russian rubles.

However, concerns about outlook for demand due to the lockdown in China limited oil's uptick.

West Texas Intermediate Crude oil futures for June ended higher by $0.32 or about 0.3% at $102.02 a barrel.

Brent crude futures were up $0.14 or 0.13% at $104.75 a barrel a little while ago.

Data released by U.S. Energy Information Administration (EIA) showed crude inventories rose by 700,000 barrels in the week ended April 22. Gasoline inventories dropped by 1.6 million barrels in the week, significantly more than an expected drop of about 100,000 barrels.

Distillate stockpiles fell 1.4 million barrels last week, the EIA data showed.

Data released from The American Petroleum Institute on Tuesday showed stocks of crude oil in the U.S. surged to 4.8 million barrels in the week ended April 22 versus a 4.5-million-barrel slump in the previous week.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192978/

Crude Oil Price Reversal Emerges Ahead of April Low

The price of crude oil appears to be reversing course ahead of the monthly low ($92.93) as it extends the series of higher highs and lows from earlier this week. Via DailyFX - Market News https://ift.tt/1wqJUZj

Gold Futures Settle Lower As Dollar Climbs Higher

Gold prices fell on Wednesday as the dollar climbed higher amid expectations of aggressive policy tightening by the Federal Reserve.

A weak Euro following the Russian gas-halt to Poland Bulgaria contributed as well to the dollar's sharp uptick.

The dollar index scaled a fresh 25-month high, rising to 103.28 in late morning trades today, before paring some gains and dropping to 102.85, still up with a fairly solid gain of 0.54%.

Gold futures for June ended down by $15.40 or about 0.8% at $1,888.70 an ounce, after having snapped a five-day losing streak on Tuesday.

Silver futures for July ended lower by $0.085 at $23.505 an ounce, while Copper futures for July settled at $4.4750 per pound, up $0.0110 from the previous close.

In U.S. economic news, pending home sales in the U.S. decreased for the fifth straight month in March, according to a report released by the National Association of Realtors.

NAR said its pending home sales slumped by 1.2% to 103.7 in March after plunging by 4% to a revised 105.0 in February. Economists had expected pending home sales to tumble by 1.6%.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192977/

*South Korea Consumer Confidence Index 103.8 In April Vs. 103.2 In March - BoK

South Korea Consumer Confidence Index 103.8 In April Vs. 103.2 In March - BoK

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192936/

Australian Dollar Soars as CPI Shoots Past Expectation Ahead of RBA Next Week.

The Australian Dollar firmed after the much-anticipated Q1 CPI came in way above expectations at 5.1%. Will the RBA be ready for action? Via DailyFX - Market News https://ift.tt/YiNg7b4

Gold Price Forecast: XAU Rebound is Likely a Fake-out as US Dollar, Fed Pressures Mount

Gold prices are trading modestly higher in the APAC hours following a sharp drop earlier this week. However, the lackluster rebound isn't inspiring confidence as bullion headwinds strengthen. Via DailyFX - Market News https://ift.tt/X6cqtfd

Dollar Marches On, Scores Strong Gains Over Major Rivals

The U.S. dollar traded firm against its major counterparts on Tuesday as concerns about economic slowdown in China and rising expectations about sharper rate hikes from the Federal Reserve pushed up the demand for the currency.

Worries about rising coronavirus cases in China contributed as well to dollar's uptick.

A report released by the Commerce Department showed new orders for U.S. manufactured durable goods rebounded in the month of March, climbing by 0.8% in the month, after tumbling by a revised 1.7% in February.

Economists had expected durable goods orders to jump by 1% compared to the 2.2% slump originally reported for the previous month.

A separate report released by the Commerce Department showed new home sales plunged by 8.6% to an annual rate of 763,000 from an upwardly revised rate of 835,000 in February. Economists had expected new home sales to decrease by 0.9% to a rate of 765,000 from the 772,000 originally reported for the previous month.

The Conference Board said its consumer confidence index edged down to 107.3 in April from an upwardly revised 107.6 in March. Economists had expected the consumer confidence index to dip to 106.8 from the 107.2 originally reported for the previous month.

The dollar index climbed to a fresh 25-month high at 102.36, gaining about 0.6%.

Against the Euro, the dollar is trading at $1.0638, firming from $1.0714.

The dollar is trading at $1.2580 against Pound Sterling, strengthening from $1.2741.

The Japanese currency is stronger against the dollar, rallying to 127.34, gaining more than 0.6% from the previous close.

Against the Aussie, the dollar is at 0.7130, firming from 0.7179.

The Swiss franc is trading at 0.9625 a dollar, weakening from 0.9597, while the Loonie has dropped nearly 0.7% to $1.2821.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192935/

Crude Oil Futures Settle Sharply Higher Ahead Of Inventory Data

Crude oil prices climbed higher on Tuesday as concerns about outlook for energy demand eased a bit after the Chinese central bank announced that it would support small businesses and industries affected by the pandemic.

Short-covering after recent sharp losses contributed as well to the rise in oil prices.

The PBOC will step up the prudent monetary policy's support to the real economy, especially for industries and small businesses hit hard by the pandemic," the People's Bank of China said in a statement on Tuesday. The central bank said it will promote healthy and stable development of the financial markets and provide a good monetary and financial environment. It reiterated it will keep liquidity reasonably ample.

The bank had decided on Monday to cut the amount of money that banks need to have in reserve for their foreign currency holdings, an attempt to help limit the drop in the yuan.

West Texas Intermediate Crude oil futures for June ended higher by $3.16 or about 3.2% at $101.70 a barrel.

Brent crude futures moved up by about 2.6% to $104.99 a barrel today. Both WTI and Brent futures had tumbled by about 4% on the previous session.

Markets now look ahead to weekly oil reports from the American Petroleum Institute (API) and U.S. Energy Information Administration (EIA). The API's report is due later today, while EIA is scheduled to release its inventory data Wednesday morning.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192934/

Treasuries See Further Upside Amid Sell-Off On Wall Street

Treasuries showed a notable move to the upside during trading on Tuesday, extending the rebound seen over the two previous sessions.

Bond prices gave back ground in afternoon trading after an early advance but managed to remain firmly positive. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 5.4 basis points 2.772 percent.

Treasuries benefitted from their appeal as a safe haven, as stocks on Wall Street pulled back sharply following the rebound seen on Monday.

n the U.S. economic front, a report released by the Commerce Department showed new orders for U.S. manufactured durable goods rebounded in the month of March.

The report showed durable goods orders climbed by 0.8 percent in March after tumbling by a revised 1.7 percent in February.

Economists had expected durable goods orders to jump by 1.0 percent compared to the 2.2 percent slump originally reported for the previous month.

Excluding orders for transportation equipment, durable goods orders surged by 1.1 percent in March after falling by 0.5 percent in February. Ex-transportation orders were expected to increase by 0.6 percent.

A separate report released by the Commerce Department on Tuesday showed a steep drop in U.S. new home sales in the month of March.

The Commerce Department said new home sales plunged by 8.6 percent to an annual rate of 763,000 from an upwardly revised rate of 835,000 in February.

Economists had expected new home sales to decrease by 0.9 percent to a rate of 765,000 from the 772,000 originally reported for the previous month.

The Conference Board also released a report showing a modest decrease in U.S. consumer confidence in the month of April.

The Conference Board said its consumer confidence index edged down to 107.3 in April from an upwardly revised 107.6 in March.

Economists had expected the consumer confidence index to dip to 106.8 from the 107.2 originally reported for the previous month.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192933/

EUR/USD Rate Clears 2020 Low Ahead of Euro Area Inflation Report

The update to the Euro Area’s Consumer Price Index (CPI) may generate a rebound in EUR/USD as inflation is expected to increase for the third consecutive month. Via DailyFX - Market News https://ift.tt/YcuIRgG

Gold Futures Snap 5-session Losing Streak

Gold futures climbed higher on Tuesday, rebounding a bit after five successive days of losses, as global stocks tumbled, triggering some interest in the safe-haven metal.

Concerns about inflation and growth, and a surge in coronavirus cases in China weighed on stocks.

The dollar's strength limited gold's uptick. The dollar index climbed to 102.30, gaining more than 0.5%, amid expectations of a series of sharper rate hikes by the Federal Reserve.

Gold futures for June moved higher by $8.10 to $1,904.10 an ounce.

Silver futures for May drifted down $0.126 to $23.544 an ounce, while Copper futures for May eased to $4.4410 per pound, down $0.0080 from the previous close.

On the Covid-19 front, Beijing has rolled out mass Covid testing for nearly 20 million residents in most of the city, raising fears about a potential wider lockdown that could crimp growth and earnings.

The Chinese mainland reported 1,908 new locally transmitted confirmed COVID-19 cases and 52 more deaths in the past 24 hours.

On the U.S. economic front, a report released by the Commerce Department showed new orders for U.S. manufactured durable goods rebounded in the month of March, climbing by 0.8% in the month, after tumbling by a revised 1.7% in February.

Economists had expected durable goods orders to jump by 1% compared to the 2.2% slump originally reported for the previous month.

A separate report released by the Commerce Department showed new home sales plunged by 8.6% to an annual rate of 763,000 from an upwardly revised rate of 835,000 in February. Economists had expected new home sales to decrease by 0.9% to a rate of 765,000 from the 772,000 originally reported for the previous month.

The Conference Board said its consumer confidence index edged down to 107.3 in April from an upwardly revised 107.6 in March. Economists had expected the consumer confidence index to dip to 106.8 from the 107.2 originally reported for the previous month.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192932/

Dollar Stays Firm Against Peers

The U.S. dollar firmed against its peers on Monday as rising prospects of the central bank hiking interest rates by 50 basis points in May and increasing possibility of further hikes in subsequent months pushed up the demand for the currency.

Worries about a surge in coronavirus cases in China and likelihood of fresh lockdown measures in Beijing contributed as well for the dollar's uptick.

The dollar index climbed to a fresh 25-month high of 101.86 in the New York session. At 101.73, the index was up 0.5% from the previous close.

Against the Euro, the dollar is trading at $1.0713, gaining more than 0.8%.

The dollar is at $1.2743 against Pound Sterling, firming from $1.2838.

The dollar is trading at 128.05 yen, weakening from 128.55 yen. Against the Aussie, the dollar traded at 0.7179, gaining from 0.7243.

The Swiss franc weakened to 0.9597 a dollar from 0.9572. The Loonie eased to 1.2737 a dollar as oil prices fell on weak outlook for energy demand.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192896/

Treasuries Pull Back Off Best Levels But Close In Positive Territory

After ending the previous session modestly higher, treasuries saw some further upside during the trading day on Monday.

Bond prices gave back ground after an early rally but still closed in positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 8 basis points to 2.826 percent after hitting a low of 2.760 percent.

With the decrease on the day, the ten-year yield continued to give back ground after ending last Thursday's trading at its highest closing level since December 2018.

Treasuries initially benefited from their appeal as a safe haven amid weakness in the global stock markets.

Buying interest waned over the course of the session, however, as stocks on Wall Street showed a notable turnaround after seeing an initial sell-off.

Trading activity remained somewhat subdued, with a lack of major U.S. economic data keeping some traders on the sidelines.

Reports on durable goods orders, consumer confidence, new home sales, first quarter GDP and personal income and spending are likely to attract attention in the coming days.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192895/

Oil Futures Plunge Sharply, Settle At 2-week Low

Crude oil prices fell sharply on Monday, pushing the most active crude futures contract to a 2-week closing low, as a resurgence in Covid cases in China raised concerns about energy demand.

A strong U.S. dollar amid rising prospects of a series of sharp interest rate hikes by the Federal Reserve weighed as well on crude oil prices.

West Texas Intermediate Crude oil futures for June ended down by $3.53 or about 3.5% at $98.54 a barrel.

Brent crude futures were down $3.47 or 3.27% at $102.68 a barrel a little while ago.

Covid cases are on the rise in Shanghai with the city reporting over 19,000 new infections in the last 24 hours. Also, reports indicate a possibility of Beijing imposing fresh lockdown measures in several areas to curb the spread of the virus.

In Beijing, many people have reportedly begun stockpiling food, fearing a lockdown after the emergence of a few cases of COVID-19.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192894/

Gold Futures Fall For 5th Straight Session, Settle At 2-month Low

Gold prices drifted lower on Monday, extending losses to a fifth straight session, as a stronger dollar and rising Treasury yields weighed on the yellow metal.

Rising prospects of the Federal Reserve hiking interest rates by 50 basis points after its meeting in May and increasing possibility of further hikes in subsequent months to combat soaring inflation buoyed up the dollar.

The dollar index climbed to 101.86, a fresh 25-month high before easing slightly to 101.73, still up by a solid 51% from the previous close.

Gold futures for June ended lower by $38.30 or about 2% at $1,896.00 an ounce, recovering from a low of $1,891.80. Gold futures recorded their lowest settlement since February 25.

Silver futures for May ended down by $0.589 at $23.670 an ounce, while Copper futures for May settled at $4.4490 per pound, down $0.1325 from the previous close.

A sell-off in global stock markets amid reports about a spike in Covid cases in China's capital city of Beijing and possibility of the Chinese government extending its Covid restrictions to Beijing helped limit gold's downside.

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source http://www.mt5.com/forex_news/quickview/2192893/

*Japan Mar Services Producer Price Index Up 1.3% On Year Vs. 1.1% In Feb, Consensus 1.2%

Japan Mar Services Producer Price Index Up 1.3% On Year Vs. 1.1% In Feb, Consensus 1.2%

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192856/

US Dollar Strength Sends EUR/USD, GBP/USD to Fresh Two-Year Lows

The US dollar continues to run amok in the FX market, racking up impressive gains across the board. Is the move starting to look stretched? Via DailyFX - Market News https://ift.tt/sUvEOj3

Copper Trading: Copper Trading Tips and Strategies

Copper may not be the world's most popular metal but it certainly is one of the more important. Via DailyFX - Market News https://ift.tt/sUvEOj3

How to Trade the Impact of Politics on Global Financial Markets

In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities. Via DailyFX - Market News https://ift.tt/sUvEOj3

Japan Leading Index Data Due On Monday

Japan will on Monday see final February results for its leading and coincident indexes, highlighting a modest day for Asia-Pacific economic activity. In January, the leading index had a score of 102.5 and the coincident was at 95.6.

Singapore will release March numbers for consumer prices, with forecasts suggesting an increase of 1 percent on month and 4.7 percent on year after climbing 0.9 percent on month and 4.3 percent on year in February. Core CPI is tipped to rise 2.4 percent on year, up from 2.2 percent in the previous month.

Taiwan will provide March data for retail sales and industrial production; in February, sales were up 0.2 percent on year and output rose an annual 10.01 percent.

Finally, the markets in Australia and New Zealand are closed on Monday for ANZAC Day and will re-open on Tuesday.

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source http://www.mt5.com/forex_news/quickview/2192855/

Forex Vs Stocks: Top Differences & How to Trade Them

Learn the main differences between forex and stocks to understand the best market to trade based on your trading style and strategy. Via DailyFX - Market News https://ift.tt/sUvEOj3

Weekly Fundamental US Dollar Forecast: Up, Up, and Away

The US Dollar (via the DXY Index) closed last week at its highest level in two years, and a lot of that has to do with the Federal Reserve.

Markets Week Ahead: Dow Jones, EUR/USD, USD/JPY, AUD/USD, GBP/USD, EU CPI, BOJ, US GDP

Traders will continue to recalibrate trades after a hawkish shift in Fed rhetoric sent bond prices plummeting. European CPI data, US GDP growth and the Bank of Japan are in focus for the week ahead.

Markets Week Ahead: Dow Jones, EUR/USD, USD/JPY, AUD/USD, GBP/USD, EU CPI, BOJ, US GDP

Traders will continue to recalibrate trades after a hawkish shift in Fed rhetoric sent bond prices plummeting. European CPI data, US GDP growth and the Bank of Japan are in focus for the week ahead. Via DailyFX - Market News https://ift.tt/57Yem6C

S&P 500, Nasdaq 100 Weekly Forecasts – Bond Yields Hammer Equity Sentiment

Heightened US interest rate hike expectations are weighing heavily on US indices. Will next week's bumper crop of Q1 US earnings help to steady the market?

S&P 500, Nasdaq 100 Weekly Forecasts – Bond Yields Hammer Equity Sentiment

Heightened US interest rate hike expectations are weighing heavily on US indices. Will next week's bumper crop of Q1 US earnings help to steady the market? Via DailyFX - Market News https://ift.tt/57Yem6C

Crude Oil Forecast: Stronger US Dollar, Weaker S&P 500 Key Risks in the Week Ahead

Crude oil prices weakened as a stronger US Dollar and another drop in the S&P 500 undermined the sentiment-linked commodity. All eyes are on US GDP and the Fed’s preferred inflation gauge next.

Crude Oil Forecast: Stronger US Dollar, Weaker S&P 500 Key Risks in the Week Ahead

Crude oil prices weakened as a stronger US Dollar and another drop in the S&P 500 undermined the sentiment-linked commodity. All eyes are on US GDP and the Fed’s preferred inflation gauge next. Via DailyFX - Market News https://ift.tt/57Yem6C

EUR/USD Vulnerable: Policy Divergence and Lagarde’s Unusual Request

The ECB has no intention to raise rates in Q2 while the Fed is weighing up multiple 50 basis point hikes and Lagarde requests dissenting members to delay criticisms.

EUR/USD Vulnerable: Policy Divergence and Lagarde’s Unusual Request

The ECB has no intention to raise rates in Q2 while the Fed is weighing up multiple 50 basis point hikes and Lagarde requests dissenting members to delay criticisms. Via DailyFX - Market News https://ift.tt/57Yem6C

British Pound Forecast: GBP/USD at Risk of Further Losses as the UK Economy Weakens

Slowing economic growth in the UK and bets that the Bank of England will not be as aggressive as the Fed during its tightening cycle are likely to weigh on GBP/USD in the near term.

British Pound Forecast: GBP/USD at Risk of Further Losses as the UK Economy Weakens

Slowing economic growth in the UK and bets that the Bank of England will not be as aggressive as the Fed during its tightening cycle are likely to weigh on GBP/USD in the near term. Via DailyFX - Market News https://ift.tt/nEGgaP3

Treasuries Finish Lackluster Session Modestly Higher

Treasuries showed a lack of direction over the course of the trading session on Friday before ending the day modestly higher.

Bond prices fluctuated as the day progressed but managed to close in positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by 1.1 basis points to 2.906 percent.

With the modest decrease on the day, the ten-year yield gave back ground after ending the previous session at its highest closing level since December 2018.

The lackluster performance by treasuries came amid ongoing concerns about the Federal Reserve aggressively tightening monetary policy.

In comments on Thursday, Fed Chair Jerome Powell said he saw merit in "front-end loading" policy moves and indicated a 50 basis point rate hike would be on the table at the central bank's next meeting in early May.

CME Group's FedWatch Tool currently indicates a 50 basis point rate hike at the May meeting is a near certainty.

Treasuries did not extend their recent downward trend, however, with a sell-off on Wall Street potentially increasing the safe haven appeal of bonds.

Reports on durable goods orders, new home sales, first quarter GDP and personal income and spending may attract attention next week as traders prepare for the next Fed meeting in early May.

Bond traders are also likely to keep an eye on the results of the Treasury Department's auctions of two-year, five-year and seven-year notes.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192853/

Oil Futures Settle Lower As Demand Concerns Weigh After Shanghai Extends Lockdown

Crude oil futures settled lower on Friday as fears over falling energy demand amid an extension of the Covid-19 lockdown in Shanghai, and concerns about economic slowdown hurt oil prices.

The dollar's surge amid Fed's aggressive stance on tightening monetary policy weighed as well on oil prices.

West Texas Intermediate Crude oil futures for June ended down by $1.72 or about 1.7% at $102.07 a barrel.

Brent crude futures were down $2.17 or 2% at $106.16 a barrel a little while ago.

Shanghai has extended the Covid-19 lockdown to April 26 as the eastern metropolis of 26 million reported 11 more deaths on Thursday, taking the toll in the current outbreak to 36.

Growth worries also returned to the fore after Fed Chair Jerome Powell hinted at more aggressive rate hikes to cool inflation.

During a seminar sponsored by the International Monetary Fund (IMF) on Thursday, Powell said he saw merit in "front-end loading" policy moves, including a 50 basis point rate hike at the May FOMC meeting.

The downward revision in global growth forecast by IMF and the ongoing war in Ukraine hurt oil prices.

According to a report from Baker Hughes, the U.S. oil rig count rose one to 549 this week, the highest level since April 2020.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192852/

Gold Futures Settle Lower For 4th Straight Session

Gold prices drifted lower on Friday, sliding for a fourth successive session, as the dollar climbed higher and yields on U.S. Treasury notes rose amid rising prospects of sharper interest rate hikes by the Federal Reserve in the near term.

Dollar has surged higher, buoyed by hawkish comments from Fed Chair Jerome Powell. During a seminar sponsored by the International Monetary Fund (IMF) on Thursday, Powell suggested the possibility of an aggressive tightening of monetary policy to counter high inflation.

The Fed chief said that the central bank is prepared to raise rates "a little more quickly" to control inflationary pressures and that a half-point rate hike would be on the table when the Fed meets on May 3 and 4.

CME Group's FedWatch Tool currently indicates a 50 basis point rate hike at the May meeting is a near certainty.

The dollar index rose to 101.33, the highest levels since May 2020, and despite easing a bit, remains firm at 101.17, up by about 0.6% from the previous close.

Gold futures for June ended lower by $13.90 or about 0.7% at $1,934.30 an ounce. Gold futures shed about 2.1% in the week.

Silver futures for May ended down by $0.362 at $24.259 an ounce, while Copper futures for May settled at $4.5815 per pound, down $0.1225 from the previous close.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192851/

EZ Economy Pulling in Different Directions as Factories Struggle but Services Shine

The euro zone PMI data revealed that while the economy fared quite well thus far, gains in services have outweighed the lackluster manufacturing sector Via DailyFX - Market News https://ift.tt/7yUkzWO

GBP Forecast Q2 2022: The Bank of England's Inflation and Growth Puzzle

The Bank of England (BoE) is expected to raise UK interest rates further in the second quarter of 2022 as the UK central bank tries to stem soaring prices pressures. The BoE has already lifted the ... Via DailyFX - Market News https://ift.tt/7yUkzWO

EUR Forecast Q2 2022: A Badly Battered Euro May Find a Lifeline in Ukraine, But Can an Upswing Last?

The Euro suffered punishing losses in the first quarter of 2022. The currency is on pace to shed almost 3 percent against an average of its major counterparts, marking the worst three-month perform... Via DailyFX - Market News https://ift.tt/7yUkzWO

US Dollar Soars on Hawkish Powell Booting Bonds Lower as Yields Rise. Where to for USD?

The US Dollar was further boosted after Federal Reserve Chair Jerome Powell made it clear that a 50 basis-point hike is coming in May. Will USD uptrend continue? Via DailyFX - Market News https://ift.tt/7yUkzWO

Dow Jones, Nasdaq 100 Drop on Fed Powell Commentary. ASX 200 Trendline Break Eyed

The Dow Jones and Nasdaq 100 fell as Fed Chair Jerome Powell kept boosting 50-basis point rate hike bets. Ahead, the ASX 200 is pressuring a key trendline despite strong Australian PMI data. Via DailyFX - Market News https://ift.tt/7yUkzWO

AUD/USD Falls as US Yield Surge Pressures Risk-Sensitive Currencies Against US Dollar

The Australian Dollar fell overnight as a surge in Treasury yields boosted the US Dollar. Australian PMI data showed the Aussie economy's recovery is gaining steam. Japanese CPI data is in focus to... Via DailyFX - Market News https://ift.tt/7yUkzWO

US Dollar Outlook: Analyzing the Dollar Dip for USD/CAD and USD/ZAR

The dollar is likely to remain supported on dips with strong fundamentals. Recent USD/CAD and USD/ZAR moves analyzed after differing inflation data Via DailyFX - Market News https://ift.tt/bH7IJfx

AUD Forecast Q2 2022: Commodities and Central Banks in Focus

The Australian Dollar made an 18-month low in January, eclipsing the November 2020 nadir of 0.6991 by a small margin. Via DailyFX - Market News https://ift.tt/bH7IJfx

Euro Latest – EUR/USD Back Above 1.0900 on Further Hawkish Commentary

The single currency is pushing higher against the US dollar as markets price in further hawkish ECB commentary and rate hike expectations. Via DailyFX - Market News https://ift.tt/bH7IJfx

DAX 40 Holds Ground Despite Russia Woes as Crude Oil Steadies. Where to for German Stocks?

The DAX 40 remains range-bound amid energy uncertainty, continuing geopolitical conflicts and inflationary pressures. Can German stocks rally? Via DailyFX - Market News https://ift.tt/bH7IJfx

Crude Oil Price Forecast: China Key to Direction Amid Record US Exports

WTI and Brent crude oil prices are steady in Asia-Pacific trade despite a rapidly shifting fundamental backdrop around US exports, Russian supply and Chinese demand. Where are oil prices headed? Via DailyFX - Market News https://ift.tt/bH7IJfx

USD May Need a Recession | tastytrade clips

The Fed hiking interest rates likely won't have a big impact on the current values of homes in the US, or inflation-causing supply chain constraints. Via DailyFX - Market News https://ift.tt/bH7IJfx

USD/CNH Surges Despite US Dollar Weakness as Fed Pressures PBOC

The Chinese Yuan continued to weaken overnight as China's yield advantage evaporates versus the US as an aggressive Fed path pressures the PBOC. APAC traders are digesting New Zealand inflation dat... Via DailyFX - Market News https://ift.tt/bH7IJfx

Long Ethereum (ETH/USD): Top Trade Opportunities

The outlook for Ethereum, both technically and fundamentally, is starting to look rosy and this should feed through into its price over the coming quarter. Via DailyFX - Market News https://ift.tt/SV2fnH9

USDJPY Prints a Fresh 20-Year High as the BoJ Buys More Bonds

The Bank of Japan is defending its yield target on 10-year JGBs by bidding 0.25% for an unlimited amount of bonds, causing the Japanese Yen to weaken further. Via DailyFX - Market News https://ift.tt/SV2fnH9

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events. Via DailyFX - Market News https://ift.tt/SV2fnH9

Japanese Yen Melts as Fed and BoJ Policies Diverge. How High for USD/JPY?

The Japanese Yen is at 20-year lows against the US Dollar as the Fed and Bank of Japan go down different roads. Where to for USD/JPY? Via DailyFX - Market News https://ift.tt/SV2fnH9

Gold Price Forecast: XAU Weighs Yields, US Dollar, Fed Path Amid Crude Oil Pullback

Gold prices may stagnate as nominal and real yields push higher amid increased chances for a soft landing from the Fed after oil prices eased, but traders may be reluctant to unwind XAU positions. Via DailyFX - Market News https://ift.tt/SV2fnH9

Crude Oil Price Tumbles on IMF Outlook Concerns of War, Lockdowns and Fed Tightening

Crude oil lost ground in the aftermath of the IMF downgrading global growth on the back off the Ukraine war, Chinese lockdowns and inflation fighting central banks. Via DailyFX - Market News https://ift.tt/SV2fnH9

Equities Forecast Q2 2022: Fed Policy Remains the Biggest Risk for Equity Markets

A volatile first quarter for US equities, which grappled with not only an inflation-fighting Federal Reserve but also increased geopolitical tensions. Via DailyFX - Market News https://ift.tt/SV2fnH9

US Dollar, USD/JPY, USD/CNH Gain as Wall Street, Treasury Yields Rise. PBOC Cut Next?

The US Dollar extended its advance against the Japanese Yen as stocks and Treasury yields gained on Wall Street. USD/CNH broke above a year-long trendline ahead of expected PBOC cuts. Via DailyFX - Market News https://ift.tt/SV2fnH9

Diversified Energy Exposure: Top Trade Opportunities

The energy sector has experienced significant turbulence following the onset of the COVID pandemic. Since crude oil prices dropped below zero in April of 2020, prices have surged, exacerbated by th... Via DailyFX - Market News https://ift.tt/PTv7M2o

EUR/USD Latest – Toying With A Fresh Two-Year Low

St. Louis Fed President James Bullard yesterday said that the US needed to hike rates to 3.5% by the end of the year if possible, sending the US dollar ever higher. Via DailyFX - Market News https://ift.tt/PTv7M2o

Euro Gains as Japanese Yen Slides on Bank of Japan Divergence from Global Tightening

The Euro has gained against the Japanese Yen again today as the BoJ is seen as being more dovish than the ECB for now. Will EUR/JPY break resistance? Via DailyFX - Market News https://ift.tt/PTv7M2o

S&P 500 Outlook Bearish on Ukraine War, IMF Outlook, Fed Speak

Stocks may be in for a turbulent week ahead amid escalating Russia-Ukraine tensions. Investors’ premonitions about a weaker growth outlook from the IMF may amplify risk-off sentiment. Via DailyFX - Market News https://ift.tt/PTv7M2o

Natural Gas Hits 14-Year High on Cold Snap, Oil Rises on Libya Protests

Natural gas prices in the United States surged to a 14-year high as cold weather boosts demand amid supply shortages. Oil prices rose as protestors in Libya shut down oil fields. Via DailyFX - Market News https://ift.tt/PTv7M2o

Rising Rates and Volatility are Features, Not Bugs: Top Trade Opportunities

The first few months of 2022 worked out as anticipated in the 1Q '22 Top Trading Opportunities. What comes next in 2Q'22? Via DailyFX - Market News https://ift.tt/qJRrnv7

Gold Prices Up Alongside Dollar as Ukraine, Fed Worries Spook Markets

Gold prices rose amid renewed worries about the war in Ukraine after Russia signaled an impasse in talks, despite a stronger US Dollar and higher bond yields thanks to swelling Fed rate hike bets. Via DailyFX - Market News https://ift.tt/qJRrnv7

EUR Forecast Q2 2022: A Badly Battered Euro May Find a Lifeline in Ukraine, But Can an Upswing Last?

The Euro suffered punishing losses in the first quarter of 2022. The currency is on pace to shed almost 3 percent against an average of its major counterparts, marking the worst three-month perform... Via DailyFX - Market News https://ift.tt/qJRrnv7

10 Trading Mistakes to Avoid in Forex Trading

Human error in the FX market is common and can lead to common trading mistakes. See the top 10. Via DailyFX - Market News https://ift.tt/qJRrnv7

Short S&P 500: Top Trade Opportunities

The S&P 500 has staged an extraordinary rally since stimulus measures were implemented in the wake of the outbreak of the Covid-19 pandemic in early 2020. Via DailyFX - Market News https://ift.tt/qJRrnv7

How to Short Sell a Stock When Trading Falling Markets

Short selling is a great way to trade on a falling market. Learn how to short stocks Via DailyFX - Market News https://ift.tt/qJRrnv7

What is Earnings Season & What to Look for in Earnings Reports?

Earnings announcements are a key driver for stock prices: Learn the what and when of earnings. Via DailyFX - Market News https://ift.tt/qJRrnv7

Markets Week Ahead: Nasdaq, Dow Jones, US Dollar, Euro, Crude Oil, Bitcoin, Inflation

Global financial markets saw risk assets catch a bid as market mood soured amid inflationary concerns, boosting the US Dollar and punishing equity markets. Traders are set to digest more inflation ...

S&P 500, FTSE 100 & DAX 40 Forecast For The Week Ahead

Risk assets pressured as S&P 500 closes at weekly lows. FTSE 100 underpinned. DAX risks remain lower Via DailyFX - Market News https://ift.tt/qJRrnv7

S&P 500, FTSE 100 & DAX 40 Forecast For The Week Ahead

Risk assets pressured as S&P 500 closes at weekly lows. FTSE 100 underpinned. DAX risks remain lower

Markets Week Ahead: Nasdaq, Dow Jones, US Dollar, Euro, Crude Oil, Bitcoin, Inflation

Global financial markets saw risk assets catch a bid as market mood soured amid inflationary concerns, boosting the US Dollar and punishing equity markets. Traders are set to digest more inflation ... Via DailyFX - Market News https://ift.tt/qJRrnv7

Equities Forecast Q2 2022: Fed Policy Remains the Biggest Risk for Equity Markets

A volatile first quarter for US equities, which grappled with not only an inflation-fighting Federal Reserve but also increased geopolitical tensions.

AUD Forecast Q2 2022: Commodities and Central Banks in Focus

The Australian Dollar made an 18-month low in January, eclipsing the November 2020 nadir of 0.6991 by a small margin.

AUD Forecast Q2 2022: Commodities and Central Banks in Focus

The Australian Dollar made an 18-month low in January, eclipsing the November 2020 nadir of 0.6991 by a small margin. Via DailyFX - Market News https://ift.tt/ifgXVzs

US Dollar Forecast: Fed Chairman Powell to Speak at IMF Meeting

Developments coming out of the IMF 2022 Spring Meeting may influence the US Dollar as Chairman Jerome Powell is scheduled to speak at the event.

US Dollar Forecast: Fed Chairman Powell to Speak at IMF Meeting

Developments coming out of the IMF 2022 Spring Meeting may influence the US Dollar as Chairman Jerome Powell is scheduled to speak at the event. Via DailyFX - Market News https://ift.tt/ifgXVzs

US Dollar Forecast Q2 2022: Dollar Rate Hikes, Conversion and Safety Appeal

It is difficult to tell what role the Dollar will play in the global financial system heading into the second quarter of 2022. On the one hand, traditional risk assets have held back the tide of a ...

US Dollar Forecast Q2 2022: Dollar Rate Hikes, Conversion and Safety Appeal

It is difficult to tell what role the Dollar will play in the global financial system heading into the second quarter of 2022. On the one hand, traditional risk assets have held back the tide of a ... Via DailyFX - Market News https://ift.tt/ifgXVzs

Australian Dollar Outlook: AUD Undermined by USD as Fed Hikes All Priced In

The Australian Dollar has strong fundamentals, but a hawkish Fed has favoured the US Dollar up to now. Fresh data is some way off, what will drive AUD/USD? Via DailyFX - Market News https://ift.tt/YSf2dU5

Crude Oil Price Forecast Q2 2022: Robust Demand Still Met with Limited Supply

The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. Current market conditions may lead to higher crude prices as expectations fo...

Crude Oil Price Forecast Q2 2022: Robust Demand Still Met with Limited Supply

The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. Current market conditions may lead to higher crude prices as expectations fo... Via DailyFX - Market News https://ift.tt/YSf2dU5

China House Price Data Due On Friday

China will on Friday release March figures for its house price index, headlining a light day for Asia-Pacific economic activity. In February, house prices were up 2.0 percent on year.

Finally, several of the regional markets are closed for Good Friday, including Australia, New Zealand, Singapore, Hong Kong and Indonesia - while Thailand remains shuttered for the Songkran Festival.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192614/

Dollar Rebounds From Early Weakness, Scores Solid Gains Against Peers

The U.S. dollar gained against most of its major counterparts on Thursday after European Central Bank chief Christine Lagarde avoided saying exactly when the bank would raise interest rates.

The ECB today left its interest rates unchanged and confirmed that it will end net asset purchases under its asset purchase programme in the thir quarter. However, it did not give an exact date, citing incoming data since the March policy session.

"Looking ahead, our monetary policy will depend on the incoming data and our evolving assessment of the outlook," Lagarde said in her introductory statement to the post-decision press conference, which this time was a live virtual session from her home as she is recovering from a Covid-19 infection.

"In the current conditions of high uncertainty, we will maintain optionality, gradualism and flexibility in the conduct of monetary policy."

The ECB chief noted that several factors signal slow growth in the period ahead and the downside risks to the growth outlook in the euro area have increased substantially due to the war in Ukraine.

Meanwhile, in U.S. economic news, data released by the Commerce Department showed retail sales rose by 0.5% in March after climbing by an upwardly revised 0.8% in February. Economists had expected retail sales to increase by 0.6% compared to the 0.3% uptick originally reported for the previous month.

A separate report released by the Labor Department showed first-time claims for U.S. unemployment benefits increased by more than expected in the week ended April 9th, rising to 185,000, an increase of 18,000 from the previous week's revised level of 167,000.

The Labor Department also released a report showing U.S. import prices surged by more than expected in the month of March, as prices for fuel imports continued to skyrocket.

Meanwhile, preliminary data released by the University of Michigan showed the consumer sentiment index spiked to 65.7 in April from 59.4 in March. The sharp increase surprised economists, who had expected the index to edge down to 59.0.

The consumer sentiment index rebounded from its lowest level since August 2011 amid an improvement in consumer expectations, with the expectations index surging to 64.1 in April from 54.3 in Mach.

The dollar index, which was down in the Asian session, climbed to 100.76 post release of the latest batch of economic data. Despite paring some gains subsequently, the index remains firm at 100.31, up 0.44% from the previous close.

Against the Euro, the dollar firmed to $1.0831 from $1.0892.

The dollar is trading at $1.3078 against Pound Sterling, strengthening from $1.3117.

Against the Japanese currency, the dollar is stronger, fetching 125.95 yen a unit, compared with 125.66 yen on Wednesday.

The dollar is at 0.7417 against the Aussie, firming from 0.7455. The Swiss franc is trading at 0.9428 a dollar, weakening from 0.9346.

The Loonie is weak at C$ 1.2610 a dollar, about 0.36% down from the previous close of C$ 1.2565.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192613/

Oil Futures Rebound From Early Losses, Settle 2.6% Up

Crude oil prices climbed higher on Thursday, rebounding strongly from earlier losses, lifted by reports that the European Union is considering phasing in a ban on Russian oil imports.

News that Chinese refiners are likely to crude output by about 6% this month contributed as well to the jump in oil prices.

West Texas Intermediate Crude oil futures for May ended higher by $2.70 or about 2.6% at $106.95 a barrel, rebounding from a low of $102.12 a barrel. WTI crude futures gained nearly 9% in the week.

Brent crude futures were up $2.31 or 2.1% at $111.09 a barrel a little while ago.

According to reports, European officials are drafting plans for an embargo on Russian oil products to condemn Russia for its invasion of Ukraine.

The earliest the proposed E.U. embargo will be put up for negotiation will be after the final round of the French elections.

Meanwhile, a report from Baker Hughes showed oil rigs in the U.S. rose by two to 548 this week. Natural gas rigs increased by two to 143. The total rig count increased to 693.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192612/

Treasuries Pull Back Sharply Following Slew Of Economic Data

After moving sharply higher over the two previous sessions, treasuries showed a substantial move back to the downside during trading on Thursday.

Bond prices moved steadily lower throughout much of the trading day before closing firmly negative. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, spiked 14.1 basis points to 2.828 percent.

The ten-year yield more than offset the 9.3 basis point drop seen over the two previous sessions, reaching its highest closing level since December 2018.

The sharp pullback by treasuries came following the release of a slew of U.S. economic data, including a report from the Commerce Department showing U.S. retail sales increased in March amid a spike in sales by gas stations.

The report showed retail sales rose by 0.5 percent in March after climbing by an upwardly revised 0.8 percent in February.

Economists had expected retail sales to increase by 0.6 percent compared to the 0.3 percent uptick originally reported for the previous month.

Excluding a pullback in sales by motor vehicle and parts dealers, retail sales jumped by 1.1 percent in March after rising by 0.6 percent in February. Ex-auto sales were expected to increase by 1.0 percent.

A separate report released by the Labor Department showed first-time claims for U.S. unemployment benefits increased by more than expected in the week ended April 9th.

The Labor Department said initial jobless claims rose to 185,000, an increase of 18,000 from the previous week's revised level of 167,000.

Economists had expected initial jobless claims to edge up to 171,000 from the 166,000 originally reported for the previous week.

The Labor Department also released a report showing U.S. import prices surged by more than expected in the month of March, as prices for fuel imports continued to skyrocket. Meanwhile, preliminary data released by the University of Michigan unexpectedly showed a substantial improvement in U.S. consumer sentiment in the month of April.

The report showed the consumer sentiment index spiked to 65.7 in April from 59.4 in March. The sharp increase surprised economists, who had expected the index to edge down to 59.0.

The consumer sentiment index rebounded from its lowest level since August 2011 amid an improvement in consumer expectations, with the expectations index surging to 64.1 in April from 54.3 in Mach.

While the markets will be closed on Friday, the Federal Reserve is still scheduled to release its report on industrial production in the month of March.

Following the long weekend, traders are likely to keep an eye on reports on homebuilder confidence, housing starts, and existing home sales as well as the Fed's Beige Book.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192611/

Gold Futures Snap 5-day Winning Streak As Dollar Climbs Higher

Gold futures settled lower on Thursday, snapping a five-day winning streak, as a firm dollar weighed on the commodity.

The dollar index, which climbed to 100.76, pared some gains subsequently and was hovering around 100.40 a little while ago, recording a gain of about 0.53%.

The dollar was weak during the Asian session as U.S. Treasury yields dropped amid signals that inflation may have peaked.

The European Central Bank today left its policy rates unchanged and reaffirmed that it is set to end asset purchases in the third quarter.

Federal Reserve board member Christopher Waller said on Wednesday that the central bank will continue with its plan for rate hikes to curb inflation even though the pace of price increases is likely to have peaked.

The economy is strong enough to support higher rates, enabling the Fed to move prices down without causing a recession, Waller added.

Gold futures for June ended down by $9.80 or about 0.5% at $1,974.90 an ounce.

Silver futures for May ended lower by $0.330 at $25.700 an ounce, while Copper futures for May settled at $4.7235 per pound, gaining $0.0115.

Data released by the Commerce Department this morning showed retail sales rose by 0.5% in March after climbing by an upwardly revised 0.8% in February. Economists had expected retail sales to increase by 0.6% compared to the 0.3% uptick originally reported for the previous month.

A separate report released by the Labor Department showed first-time claims for U.S. unemployment benefits increased by more than expected in the week ended April 9th, rising to 185,000, an increase of 18,000 from the previous week's revised level of 167,000.

Economists had expected initial jobless claims to edge up to 171,000 from the 166,000 originally reported for the previous week.

The Labor Department also released a report showing U.S. import prices surged by more than expected in the month of March, as prices for fuel imports continued to skyrocket.

Meanwhile, preliminary data released by the University of Michigan unexpectedly showed a substantial improvement in U.S. consumer sentiment in the month of April.

The report showed the consumer sentiment index spiked to 65.7 in April from 59.4 in March. The sharp increase surprised economists, who had expected the index to edge down to 59.0.

The consumer sentiment index rebounded from its lowest level since August 2011 amid an improvement in consumer expectations, with the expectations index surging to 64.1 in April from 54.3 in Mach.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192610/

ECB Preview: EUR/USD Price Action Set-Up on ECB Latest

ECB bond schedule and sequencing guidance key to Euro reaction. Via DailyFX - Market News https://ift.tt/c682mHB

Canadian Dollar Outlook: CAD Extends Rally After Yesterday’s BoC Decision

A slump in U.S. Treasury yields have helped CAD push higher against the U.S. dollar this morning while key U.S. economic data is in focus later today. Via DailyFX - Market News https://ift.tt/c682mHB

Gold Price Forecast Q2 2022: Outlook Proves Mixed

There's no two-ways about it: gold prices outperformed our expectations in Q1 22. Our rationale for not taking a bullish outlook on gold was, and still is, well-grounded: central banks, including t... Via DailyFX - Market News https://ift.tt/c682mHB

Australian Dollar Solid After Ok Jobs Data, CPI Ahead Next Week. Will AUD/USD Rally?

The Australian Dollar was unchanged after benign jobs numbers as the market eyes inflation data. What lies ahead for AUD/USD into a holiday weekend? Via DailyFX - Market News https://ift.tt/c682mHB

Singapore Dollar Soars, Monetary Authority of Singapore Tightens, USD/SGD Eyes Support

The Singapore Dollar is aiming for its best day against the US Dollar in 5 weeks after the Monetary Authority of Singapore (MAS) tightened policy. USD/SGD is eyeing support next. Via DailyFX - Market News https://ift.tt/c682mHB

Crude Oil Price on Track to Clear Opening Range for April

The price of crude oil may stage a larger advance over the remainder of the week if it manages to clear the opening range for April. Via DailyFX - Market News https://ift.tt/c682mHB

Crude Oil Forecast: Failed Russia-Ukraine Talks Prompt Brent Crude Breakout

Mixed fundamental data shows tentative price action this morning after yesterday’s key breakout. Via DailyFX - Market News https://ift.tt/NQzEai8

Australian Dollar Recovery in Focus for 2Q: Top Trade Opportunities

AUD/USD may continue to retrace the decline from last year as the exchange rate is on the cusp of testing the October high (0.7556), but the diverging paths for monetary policy may curb the bullish... Via DailyFX - Market News https://ift.tt/NQzEai8

Euro Slides on Ukraine War Negotiations Hurdles Ahead of ECB Meeting. Where to for EUR/USD?

The Euro is under pressure today in the aftermath of US CPI and ongoing war worries ahead of the ECB. Will EUR/USD break lower? Via DailyFX - Market News https://ift.tt/NQzEai8

New Zealand Dollar Boosted by RBNZ 0.50% Hike. Will NZD/USD Rally Continue?

The New Zealand Dollar continued to firm after the RBNZ raised rates by 50 basis-points to 1.50%. Where to for NZD/USD? Via DailyFX - Market News https://ift.tt/NQzEai8

How Central Banks Impact the Forex Market

Discover how policies and interest rate hikes of central banks impact forex and trading decisions. Via DailyFX - Market News https://ift.tt/NQzEai8

AUD/USD Eyes Chinese Trade Data as APAC Traders Weigh RBNZ Bets

The Australian Dollar may react to today's trade data out of China where a Covid outbreak is ongoing. APAC traders are also weighing the chance for a 50-basis point rate hike from the RBNZ today. Via DailyFX - Market News https://ift.tt/NQzEai8

Crude Oil Shows Significant Move Back To The Downside

Oil prices showed a significant decrease on Monday, extending losses from the previous week as Chinese coronavirus lockdowns continued, raising concerns about demand from the world's biggest crude importer.

Crude for May delivery tumbled $3.97 to $94.29 a barrel after jumping $2.23 to $98.26 a barrel last Friday.

China's largest Covid-19 outbreak in two years continues to spread despite an extended lockdown of Shanghai's 25 million people.

The financial hub reported over 26,000 new cases on Sunday, a new record despite repeated mass testing.

With China maintaining its COVID Zero strategy, investors fear that there will be consequences for global growth, supply chains and inflation.

The move by the IEA to release oil from its reserve to help cool global prices amid the Russia-Ukraine crisis also continued to weigh on prices.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192416/

Gold Prices Pull Back Off Best Levels But Close Modestly Higher

After showing a strong move to the upside early in the day, gold prices gave back ground but still managed to close modestly higher.

Gold for June delivery inched up $2.60 to $1,948.20 an ounce after reaching a high of $1,974.60 an ounce.

The precious metal initially benefitted from its appeal as a safe haven amid concerns about the outlook for monetary policy and the global economy.

Worries about the ongoing war between Russia and Ukraine and the coronavirus outbreak in Shanghai also contributed to the early advance.

Buying interest waned over the course of the session, however, with reports on consumer and producer price inflation, retail sales and industrial production likely to attract attention in the coming days.

The data may impact expectations regarding how aggressively the Federal Reserve plans to tighten monetary policy.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192415/

Dow Jones and Nasdaq 100 Fall as Treasury Yields Rally, Hang Seng Index May Be Vulnerable

The Dow Jones, S&P 500 and Nasdaq 100 fell as Treasury yields kept rising on more hawkish Fed bets. China’s lockdown is likely weighing on energy stocks and the Hang Seng Index. Via DailyFX - Market News https://ift.tt/n1wuFib

Three-Year Note Auction Attracts Slightly Above Average Demand

Kicking off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Monday revealed this month's auction of $46 billion worth of three-year notes attracted slightly above average demand.

The three-year note auction drew a high yield of 2.738 percent and a bid-to-cover ratio of 2.48.

Last month, the Treasury sold $48 billion worth of three-year notes, drawing a high yield of 1.775 percent and a bid-to-cover ratio of 2.39.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous three-year note auctions had an average bid-to-cover ratio of 2.43.

Looking ahead, the Treasury is due to announce the results of this month's auctions of $34 billion worth of ten-year notes and $20 billion worth of thirty-year bonds on Tuesday and Wednesday, respectively.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192414/

Long Energy Stocks: Top Trade Opportunities

While energies are on a tear lately, their impact on the S&P 500 is limited. Under 5% of the index is comprised of stocks in this sector. This also means many portfolios will be underrepresented th... Via DailyFX - Market News https://ift.tt/n1wuFib

*China Mar Consumer Price Inflation 1.5% Vs. 0.9% In Feb, Consensus 1.2%

China Mar Consumer Price Inflation 1.5% Vs. 0.9% In Feb, Consensus 1.2%

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192368/

*China Mar PPI Up 8.3% Annually Vs. 8.8% In Feb, Consensus 7.9%

China Mar PPI Up 8.3% Annually Vs. 8.8% In Feb, Consensus 7.9%

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192369/

Crude Oil Price Forecast Q2 2022: Robust Demand Still Met with Limited Supply

The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. Current market conditions may lead to higher crude prices as expectations fo... Via DailyFX - Market News https://ift.tt/tAgxC5K

Euro Challenged as US Dollar Skips Up on Higher Treasury Yields. Where to For EUR/USD?

The Euro may have got a reprieve from the French election potentially being resolved, but a strong US Dollar has dominated. Will EUR/USD break lower? Via DailyFX - Market News https://ift.tt/tAgxC5K

Markets Week Ahead: Dow Jones, USD, Euro, Canadian Dollar, CPI, ECB, BoC, French Election

A busy week is ahead for the Dow Jones, US Dollar, Euro, Canadian Dollar, gold and crude oil. US inflation, the ECB and BoC rate decisions, as well as the French Presidential Election are on tap. W...

Markets Week Ahead: Dow Jones, USD, Euro, Canadian Dollar, CPI, ECB, BoC, French Election

A busy week is ahead for the Dow Jones, US Dollar, Euro, Canadian Dollar, gold and crude oil. US inflation, the ECB and BoC rate decisions, as well as the French Presidential Election are on tap. W... Via DailyFX - Market News https://ift.tt/tAgxC5K

Australian Dollar Forecast: AUD/USD Eyes China CPI Ahead of Event-Heavy Week

AUD/USD is in focus as Asia-Pacific trading kicks off for the week. The lockdowns in Shanghai are under watch as traders prep for several potential high-impact events, including Chinese CPI due out... Via DailyFX - Market News https://ift.tt/tAgxC5K

S&P 500 Forecast: Rising US Consumer Prices to Drag on Risk Appetite

Fresh data prints coming out of the US may drag on the S&P 500 index as the Consumer Price Index (CPI) is expected to increase for the seventh consecutive month.

S&P 500 Forecast: Rising US Consumer Prices to Drag on Risk Appetite

Fresh data prints coming out of the US may drag on the S&P 500 index as the Consumer Price Index (CPI) is expected to increase for the seventh consecutive month. Via DailyFX - Market News https://ift.tt/tAgxC5K

Crude Oil Fundamental Forecast: US-IEA Release, Shanghai Woes to Weigh as Inventories Rise

Crude oil prices dropped for a second week amid Chinese Covid woes and increasing US production and inventory levels. Along with headwinds from a coordinated IEA release, prices may drag.

Crude Oil Fundamental Forecast: US-IEA Release, Shanghai Woes to Weigh as Inventories Rise

Crude oil prices dropped for a second week amid Chinese Covid woes and increasing US production and inventory levels. Along with headwinds from a coordinated IEA release, prices may drag. Via DailyFX - Market News https://ift.tt/psvu2yQ

Euro Weekly Forecast – Will the ECB Disappoint the Hawks Next Week?

Next week's ECB monetary policy meeting will test President Christine Lagarde's ability to manage market expectations while at the same time proving that the central bank remains in control.

Euro Weekly Forecast – Will the ECB Disappoint the Hawks Next Week?

Next week's ECB monetary policy meeting will test President Christine Lagarde's ability to manage market expectations while at the same time proving that the central bank remains in control. Via DailyFX - Market News https://ift.tt/psvu2yQ

GBP/USD Weekly Forecast: GBP Cheers Stimulus, Rally at Risk of Stalling

Fed hawks keep the USD on the front-front. Lack of alternatives sees USD remaining as king. Via DailyFX - Market News https://ift.tt/psvu2yQ

Bitcoin Treads Cautiously Along Key Technical Levels

Bitcoin prices have stabilized above the key psychological level of $45,000 but can technical remain as prominent drivers of price action?

Bitcoin Treads Cautiously Along Key Technical Levels

Bitcoin prices have stabilized above the key psychological level of $45,000 but can technical remain as prominent drivers of price action? Via DailyFX - Market News https://ift.tt/aV4NKUJ

Dollar Climbs To Fresh 2-year High As Traders Bet On Aggressive Rate Hikes

The U.S. dollar firmed against its major counterparts on Friday and the dollar index rose to a fresh 2-year high, buoyed by hawkish remarks from a Federal Reserve policy maker supporting aggressive interest rate hikes to counter inflation.

St Louis Fed President James Bullard said on Thursday that the central bank remained "behind the curve" on interest rates and preferred to raise the federal funds rate by another 3 percentage points by the end of the year.

Chicago Fed President Charles Evans and his Atlanta counterpart Raphael Bostic said that it is appropriate to raise rates to neutral but in a measured manner.

Earlier in the week, the Fed minutes suggested that it plans to start the balance sheet reduction next month and favored a half-point liftoff in interest rates at one or more meetings in the future.

According to the CME Group's FedWatch Tool, investors are pricing in the Fed to raise interest rate to a target range of between 2.5 percent and 2.75 percent by the end of the year.

Data released by the Commerce Department showed wholesale inventories in the U.S. surged by more than expected in the month of February, spiking by 2.5%, after jumping by an upwardly revised 1.2% in January.

Economists had expected wholesale inventories to shoot up by 2.1% compared to the 0.8% increase originally reported for the previous month.

Next week, traders are likely to keep a close eye on reports on consumer and producer price inflation, retail sales and industrial production.

The data may impact the outlook for interest rates amid recent indications the Federal Reserve plans to tighten monetary policy more aggressively than previously anticipated.

The dollar index climbed to a fresh 2-year high of 100.19, but pared gains subsequently, and was last seen at 99.85, up 0.1% from the previous close.

Against the Euro, the dollar firmed to $1.0876, after having weakened to $1.0893.

The Dollar is trading at $1.3033 against Pound Sterling, after having firmed to $1.2982 in early New York session.

Against the Japanese currency, the dollar is stronger, fetching 124.31 yen. It had earlier strengthened to 124.68 yen.

Against the Aussie, the dollar is at 0.7460, gaining from 0.7479.

The Swiss franc is down slightly against the dollar, at CHF 0.9341, while the Loonie is stronger at C$1.2574 a dollar thanks to the surge in crude oil prices.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192367/

Australian Dollar Outlook: Domestic Factors Sidelined as the Fed Talks Up Rates

The Australian Dollar has strong fundamentals, but external influences are dominating for now. Will the strong economy be realised in the AUD/USD price?

Australian Dollar Outlook: Domestic Factors Sidelined as the Fed Talks Up Rates

The Australian Dollar has strong fundamentals, but external influences are dominating for now. Will the strong economy be realised in the AUD/USD price? Via DailyFX - Market News https://ift.tt/aV4NKUJ

Oil Futures Settle Higher For The Day, But Shed 1.2% In Week

Crude oil prices climbed higher on Friday, but still posted a weekly loss, going down for a second straight week amid concerns about the outlook for energy demand, and the move by the IEA to release oil from its reserve.

West Texas Intermediate Crude oil futures for May ended up by 2.3% at $98.26 a barrel. However, the contrac shed 1.2% in the week.

Brent crude futures were up $2.06 or 2.05% at $102.64 a barrel a little while ago.

Oil prices dropped this week following the members of the International Energy Agency agreeing to a 120-million barrel release of crude and oil from emergency stockpiles to help cool global prices amid the Russia-Ukraine crisis.

Also, an extended lockdown in Shanghai due to the virus outbreak dimmed the outlook for energy demand.

According to a report released by Baker Hughes, the number of oil rigs in the United States went up by thirteen to 546 in the week ending April 8 compared to the previous week.

The number of US gas rigs rose by three to 141 in the week, while the total number of rigs in the country reached 689 after a rise of sixteen rigs. The number of oil rigs has gone up by 209 compared to the same period a year earlier.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192366/

Treasuries See Further Downside Amid Worries About Monetary Policy

Treasuries moved notably lower over the course of the trading day on Friday, extending the downward move seen over the past several sessions.

Bond prices came under pressure early in the session and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 6.1 basis points to 2.713 percent.

The ten-year yield closed higher for the sixth consecutive session, once again reaching its highest closing level in three years.

Treasuries extended their recent downward trend as traders continued to express concerns about the outlook for monetary policy.

In U.S. economic news, a report released by the Commerce Department showed wholesale inventories in the U.S. surged by more than expected in the month of February.

The Commerce Department said wholesale inventories spiked by 2.5 percent in February after jumping by an upwardly revised 1.2 percent in January.

Economists had expected wholesale inventories to shoot up by 2.1 percent compared to the 0.8 percent increase originally reported for the previous month.

Next week, traders are likely to keep a close eye on reports on consumer and producer price inflation, retail sales and industrial production.

The data may impact the outlook for interest rates amid recent indications the Federal Reserve plans to tighten monetary policy more aggressively than previously anticipated.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192365/

Gold Futures Settle Modestly Higher For The Day, Gain 1.2% In Week

Gold prices moved higher on Friday even as the dollar climbed to a fresh record high amid rising speculation about steeper interest rate hikes by the Federal Reserve.

Gold prices climbed up on safe-haven buying amid lingering concerns about inflation and the likely economic impact of the ongoing war in Ukraine and the continued surge in coronavirus cases in Shanghai.

The dollar index spurted to 100.19 before retreating from there and paring some gains. The dollar index was hovering around 99.90, up 0.15% from the previous close, a little while ago.

Gold futures for June ended up by $7.80 or about 0.4% at $1,945.60 an ounce. Gold futures gained about 1.2% in the week.

Silver futures for May ended higher by $0.088 at $24.823 an ounce, while Copper futures for May settled at $4.7250 per pound, up $0.0255 from the previous close.

Data released by the Commerce Department showed wholesale inventories in the U.S. surged by more than expected in the month of February, spiking by 2.5%, after jumping by an upwardly revised 1.2% in January.

Economists had expected wholesale inventories to shoot up by 2.1% compared to the 0.8% increase originally reported for the previous month.

Next week, traders are likely to keep a close eye on reports on consumer and producer price inflation, retail sales and industrial production.

The data may impact the outlook for interest rates amid recent indications the Federal Reserve plans to tighten monetary policy more aggressively than previously anticipated.

St. Louis Fed President James Bullard said on Thursday that the central bank remained "behind the curve" on interest rates and preferred to raise the federal funds rate by another 3 percentage points by the end of the year.

Chicago Fed President Charles Evans and his Atlanta counterpart Raphael Bostic said that it is appropriate to raise rates to neutral but in a measured manner.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192364/

How to Research Stocks: A Step by Step Guide

Do you know how to research stocks? Keep reading for insights and tools to supplement your stock investing strategy. Via DailyFX - Market News https://ift.tt/7q4pmiz

Dollar Recovers After Mild Setback, Rises To Fresh 2-year High

The U.S. dollar firmed against most of its major counterparts on Thursday despite seeing some weakness at times during the course of the day's session.

Hopes of tighter monetary policy and steeper interest rate hikes contributed to dollar's strength.

The Fed minutes from the March meeting showed that most policymakers supported one or more 50 basis point rate hikes at future meetings, if inflation pressures remained elevated or intensified.

Fed officials agreed that balance sheet runoff should start from May. The plan involves reducing bond holdings by $95 billion per month and the amounts could be phased in over a period of three months or modestly longer if market conditions warrant.

Data released by the Labor Department showed initial jobless claims in the U.S. dipped to 166,000, in the week ended April 2nd, a decrease of 5,000 from the previous week's revised level of 171,000. Economists had expected jobless claims to edge down to 200,000 from the 202,000 originally reported for the previous week.

The dollar index climbed to a fresh two-year high of 99.83, recovering well from a low of 99.40 it touched earlier in the day.

Against Euro, the dollar is trading at $1.0872, firming from $1.0897.

The dollar is trading at $1.3073 against Pound Sterling, down slightly from the previous close.

The dollar is fetching 123.99 yen, about 0.16% more than Wednesday's close of 123.79 yen.

Against the Aussie, the dollar is at 0.7478, firming from 0.7512. The Swiss franc is trading at CHF 0.9343 a dollar, easing from CHF0.9334.

The Loonie is down against the dollar, at C$1.2590, weakening from C$1.2545, as oil prices drifted lower.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192297/

Oil Futures Pare Early Gains, Settle Lower On Weak Outlook For Demand

Crude oil futures pared early gains and settled slightly weak on Thursday, weighed down by concerns about excess supply in the market following the decision of the International Energy Agency to release oil from its reserve.

Concerns about the outlook for energy demand due to the virus outbreak in Shanghai and the resultant fresh lockdown measures weighed as well on oil prices.

Oil prices rose earlier in the day after the United States issued another round of sanctions on Russia.

Washington announced new measures including sanctions on Russian President Vladimir Putin's two adult daughters and a major bank. However, the European Union failed to approve a new round of sanctions including on Russian coal.

The democratic world must stop buying Russian oil and completely block Russian banks from the international finance system, Ukraine President Volodymyr Zelenskyy said in his daily video address early today.

West Texas Intermediate Crude oil futures ended down by $0.20 or about 0.2% at $96.03 a barrel, after dropping to $93.81 from a high of $98.82.

Brent crude futures were down $0.55 or 0.54% at $100.52 a barrel a little while ago.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192296/

Treasuries Extend Recent Move To The Downside

Treasuries came under pressure over the course of the trading day on Thursday, extending the downward trend seen over the past several sessions.

Bond prices moved to the downside early in the session and slid more firmly into negative territory as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 4.3 basis points to 2.652 percent.

With the continued increase on the day, the ten-year yield ended the session at its highest closing level in over three years.

The continued weakness among treasuries reflected recent downward momentum, as traders remain worries about the Federal Reserve aggressively tightening monetary policy.

With the Federal Reserve's next monetary policy meeting almost a month away, traders are likely to keep a close eye on the latest economic data for clues about how aggressive the central bank will be.

The Labor Department released a report this morning showing a modest decrease by first-time claims for unemployment benefits in the week ended April 2nd.

The report showed initial jobless claims dipped to 166,000, a decrease of 5,000 from the previous week's revised level of 171,000.

Economists had expected jobless claims to edge down to 200,000 from the 202,000 originally reported for the previous week.

The economic calendar is relatively quiet for the rest of this week but will pick up next week with the release of reports on consumer and producer price inflation, retail sales and industrial production.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192295/

Short S&P 500: Top Trade Opportunities

The S&P 500 has staged an extraordinary rally since stimulus measures were implemented in the wake of the outbreak of the Covid-19 pandemic in early 2020. Via DailyFX - Market News https://ift.tt/7q4pmiz

*U.S. Consumer Credit Spikes By $41.9 Billion In February

U.S. Consumer Credit Spikes By $41.9 Billion In February

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192294/

Australian Dollar Forecast: AUD/USD Weighs Risks in APAC Trade Ahead of Weekend

The Australian Dollar fell overnight versus the Greenback despite gains on Wall Street. That momentum may bode well for APAC markets into the weekend, but the Shanghai lockdown is weighing on AUD/USD Via DailyFX - Market News https://ift.tt/7q4pmiz

Nasdaq 100 Underperforms Dow Jones. ASX 200 at Risk to Hawkish RBA, China Lockdowns

The Nasdaq 100 underperformed the Dow Jones as Treasury yields continued rising on hawkish FOMC minutes. Ahead, Australia’s ASX 200 appears vulnerable to ongoing Chinese lockdowns. Via DailyFX - Market News https://ift.tt/OLEf71w

*Federal Reserve Releases Minutes Of March Monetary Policy Meeting

Federal Reserve Releases Minutes Of March Monetary Policy Meeting

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2192231/

Gold Futures Settle Lower Ahead Of Fed Minutes

Gold prices edged lower on Wednesday as the dollar came off the day's lows ahead of the release of the minutes of the Federal Reserve's most recent policy meeting.

Worries about the ongoing war in Ukraine and fresh sanctions on Russia limited gold's downside.

Expectations of aggressive policy tightening by the Federal Reserve lifted the dollar index to 99.75 in the Asian session today. The index subsequently dropped to 99.31 before recovering to 99.56.

The dollar firmed and Treasury yields surged after Fed Governor Lael Brainard, who is awaiting Senate confirmation to serve as the Fed's vice chairwoman, called the task of reducing inflation pressures "paramount" and indicated an aggressive approach to shrinking the Fed's balance sheet.

Gold futures for June ended down by $4.40 or about 0.2% at $1,923.10 an ounce.

Silver futures for May ended lower by $0.076 at $24.458 an ounce, while Copper futures for May settled at $4.7380 per pound, down $0.0570 from the previous close.

The US has said it will impose "severe and immediate economic costs on the Putin regime for its atrocities in Ukraine, including in Bucha."

Sanctions include freezing the US assets of Putin's daughters, and cutting them off from the US financial system.

Washington also said it will apply "full blocking" sanctions on Sberbank and Alfa Bank, Russia's largest public and private financial institutions.

The European Commission has already proposed new sanctions including banning Russian coal imports, raising worries about a new global supply challenge.

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source http://www.mt5.com/forex_news/quickview/2192230/

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