Latest Market News
USDJPY updated its 20-year highs. The Japanese Yen dropped to its 20-year lows against the USD on Tuesday. The current quote for the instrument is 132.94, the lowest since April 2002. The key trigger for this decline was US bond yield growth, which supported the “greenback” – it added 3.04%, the biggest gain in three […]
The US dollar strengthens early Tuesday ahead of trade The US dollar rose against its major trading partners early Tuesday ahead of the release of data on the April international trade gap and weekly Redbook US retail sales, but the focus remains on Friday’s May consumer price report. The Federal Reserve is widely expected to […]
India is increasing cooperation in the fields of green hydrogen and clean energy with European Union and North American countries, in proactive steps for the United Nations Climate Change Summit COP27 to be held in Sharm El-Sheikh, Egypt, next November. India’s ambitious plans for green hydrogen and the national strategy announced months ago are aligned […]
The RBA surprised markets on the meeting today delivering a hawkish 50 bp rate hike. Consensus forecast was a 25 bp move, swap markets priced in a bit more aggressive move of 40 bp. The RBA decided to take decisive action against inflation, which accelerated to 5.1% YoY according to the latest data, while consumption […]
CADJPY Heading HigherAs with my EURJPY long, the recent CADJPY breakout idea has now hit its target at 105.33 following the breakout above 102.17. JPY weakness has been a prevailing market theme over recent weeks and both CAD and EUR have been well positioned to take advantage of this dynamic. With the BOC hiking rates […]
Treasury Moves to Block U.S. Investors From Buying Russian Debt The U.S. Treasury moved to block U.S. investors from making purchases of Russian debt in secondary markets, an apparent expansion from existing policy that only prohibited purchases of newly issued Russian government debt … Jun. 7, 2022 at 9:46 a.m. ET by Alexander Saeedy Stocks […]