Most Asian currencies crept higher from recent losses on Wednesday, while the dollar relinquished some gains as markets hunkered down before a widely expected interest rate hike by the Federal Reserve later in the day. Market holidays in China and Japan kept regional trading volumes slim. Still, the Japanese yen rose 0.4%, recovering from a near two-month […]

The key event during the Asian session was the surprising decision by the Reserve Bank of Australia.The RBA decided to raise the Official Cash Rate (OCR) by 25 basis points to 3.85%. It was widely expected that the RBA will maintain the rate at an unchained level at 3.60%. Bankers justified their decision with high […]

Today’s economic calendar remains relatively light compared to significant events later this week. Starting from 8:00 BST, PMI indicators for the major economies in the European Union will start to be published. Later in the day, data on Durable Goods Orders from the US will be released, indicating the current condition of the US manufacturing […]

The AUDUSD currency pair has risen to its highest level in a week, reaching 0.6704 points after rising from 0.66199 points. Currently, there have been no observed corrections in the price movement.

Monday morning is very calm on the markets as most of the markets in Europe and a some in Asia are closed. The futures for US indices do trade but there’s hardly any action there and FX moves are contained. However, all this could change dramatically as the week unfolds. We will get plenty of […]

TOKYO (Reuters) – Sony (NYSE:SONY) Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units. For […]

So, was it just a gap that needed to be filled? Or was it reflective of demand worries ahead of recession winds? Whatever the case, there’s one less uncertainty on the oil market now after last week’s tumble in crude prices that finally filled the gap up open from April 3 forced by OPEC+’s production maneuver. The […]

TOKYO (Reuters) -Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth and hit fuel demand, and worries about weaker Chinese manufacturing data combined to erase earlier gains. Brent futures for July delivery were down 61 cents, or 0.8%, at $79.72 a barrel […]

There’s a large divergence between the US500 that is at the resistance and AUDUSD just picking up off the support zone. The Fed meeting this week should clarify the picture for the markets.

NATGAS prices surged significantly over the last 20 minutes, however, there is no clear evidence for this rapid spike at the moment. Gas prices may be influenced by information about Russia’s cut in gas exports in 2023, as well as unconfirmed reports of a pipeline explosion in the USA.