Cryptocurrencies
Dollar Gaining Ground on Fed
The dollar is rising against most of its major rivals on the latest hawkish comments from the Fed. The futures market lays a 77% chance of a 50-point rate hike at the next meeting in Read more…
Cryptocurrencies
This Company Might Actually Benefit (Eventually) From Rate Hikes
It’s not a bank, yet it could do well in the wake of Fed rate hikes, Real Money Columnist Stephen ‘Sarge’ Guilfoyle argues. In a rising rate environment, about the only companies you might expect Read more…
Cryptocurrencies
Stocks Lower, Fed Minutes, Elon Musk, JetBlue And Big Oil – Five Things You Must Know
Stock futures lower, bond yields surge on hawkish Fed concerns; Fed minutes: balance sheet run-off in focus as rate bets hold; Musk refiles SEC paperwork, indicates ‘active’ role from Twitter stake; JetBlue makes $3.6 billion Read more…
Cryptocurrencies
NZDUSD’s Bullish Tone Persists But Ascent Gets Delayed
NZDUSD’s upside momentum has softened above the simple moving averages (SMAs) after a persisting two-month uptrend spiked toward the upper Bollinger band at 0.7033. The negative slopes of the longer-term 200- and 100-day SMAs have Read more…
Cryptocurrencies
ECB Panetta: Holding inflation at 2% with high imported inflation could induce domestic deflation
ECB Executive Board member Fabio Panetta said in a speech that the high inflation in Eurozone is “mostly due to global factors – including the increase in the prices of oil, gas and other commodities Read more…
Cryptocurrencies
Eurozone PPI rose 1.1% mom, 31.4% yoy in Feb
Eurozone PPI rose 1.1% mom, 3.1.4% yoy in February, below expectation of 1.3% mom, 31.6% yoy. For the month, industrial producer prices increased by 1.6% for intermediate goods, by 1.3% in the energy sector, by Read more…
Cryptocurrencies
UK PMI construction unchanged at 59.1, but optimism tumbled
UK PMI Construction was unchanged at 59.1 in March, better than expectation of 57.3. The latest reading signalled the join-fastest rate of output growth since June 2021. However, business optimism dropped to 17-month low. Tim Read more…
Cryptocurrencies
USD/JPY Pair Moved into a Bullish Zone above $123.20
The US Dollar started a steady upward move above the 123.00 resistance against the Japanese Yen. The USD/JPY pair traded above the 123.20 level to move into a bullish zone. The pair even traded above Read more…
Cryptocurrencies
ECB de Guindos: Green energy is a key priority for environment and security
ECB Vice President Luis de Guindos said in a speech, “for the euro area, the financial stability impact of the war has so far been relatively contained.” And, “markets have generally been functioning well”, with Read more…
Cryptocurrencies
Gold Extends Sideways Move But Downside Risks Remain
Gold has been trending downwards since early March when the price peaked at the 19-month high of 2,070. Although the price managed to halt its decline and currently experiences a consolidation phase, the technical picture seems Read more…