Wednesday , 8 January 2025

Forex

Forex

NZD/JPY Price Analysis: Sellers rule the roost, additional retracements may be on the horizon

In Thursday's session, the NZD/JPY pair is trading with a mild loss and is currently pegged at 90.79 after peaking at a high...

Forex

Dow Jones Industrial Average backslides as equities decline after US data deflates rate cut hopes

The Dow Jones Industrial Average (DJIA) declined on Thursday after US data showed inflation, labor, and domestic consumer spending continue to run too...

Forex

US equity selling accelerates late

Oftentimes bonds act as a built-in ballast for stocks but there is no help today. US 10-year yields remain on the highs, up...

Forex

US Dollar rises as US Treausry yields soar after hot PPI data

The US Dollar Index (DXY) is currently trading at 103.36, up 0.55%, on Thursday.

Forex

Goldman Sachs sees a big jump in volatility coming in April

The VIX is jumping today as stock market slump but analysts at Goldman Sachs think it could rise much further from here. The...

Forex

Crude oil futures settle at their highest level since November 6

Crude oil futures are settling at $81.26. That is up $1.54 or 1.93%. The settlement price is the highest since November 6, 2023.Looking...

Forex

Canadian Dollar gets knocked back by Greenback after hot US PPI inflation on Thursday

The Canadian Dollar (CAD) is broadly higher on Friday, landing in the green against the majority of its major currency peers but still...

CryptocurrencyForex

Bitcoin falls below $70,000, down 5% on the day

It's looking like we could get an outside day in bitcoin as it extends its decline to 5.0%. In nominal terms, it's down...

Forex

ECB’s de Guindos: Wages still a risk, but inflation on track

Vice President of the European Central Bank (ECB) Luis de Guindos hit newswires late Thursday, giving his outlook on the ECB's potential rate...

Forex

NZDUSD falls with the USD strength today and in the process, tests its 100 day MA

The USD buying today has also influenced the price action in the NZDUSD. For that pair, the pair fell and initially found support...