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The FOMC raised rates by 75 bps which was widely expected As widely expected, the Federal Open Market Committee raised the range of its target for the the federal funds rate by 75 bps, which brings the top end of the range to 2.50%. There was widespread support for another supersized rate...

AUD Second Quarter Increase | Xtreamforex In the second quarter of 2022 Australian inflation data has increased to 6.1%, but below the agreed expectations relaxing the fear of a surprising 75bp rate increase when the RBA has a meeting next week. CPI rose by 1.8% Quarter On Quarter(QoQ) and...

This Weeks’s currency pair, EURUSD The ECB hike of last week is the highest hike in past 11 years which brought the interest rate from -0.50% to 0.00%. Further normalization of interest is appropriate, indicating that there will be another hike from ECM on their next meeting on 8th September...

EUR/USD – Euro US Dollar Last week the European currency showed a slight growth to a high of 1.0272. Reason behind this was the most banal corrective rebound of EUR/USD breaking the equality level of 1.0000, the bottom at 0.9951 on 14th of July, the resumption of Russian gas supplies to Europe...

European Central Bank Interest Rates The European Central Bank also joined the global rate hike on yesterdays announcement, announcing a larger then expected 50 bps deposit rate increase, to 0.00%. The ECB said a further normalization of interest rates could be expected at upcoming meetings...

Signs of Disinflation Continue There are some promising signs on the inflation data which is released today for UK and Canada. UK producers lower the prices to 1.8%, which is the disinflation in the third consecutive month. Core CPI also showed to 0.4$ m/m which is also its third straight month...

What is expected in BOJ meeting Bank Of Japan next meeting on Thursday on interest rate decision. Many countries are aggressively increasing the rates to put brakes on inflation. The BOJ is unlikely to do anything, as inflation rate sits at 2.5%. EUR/JPY had been moving higher since 7th of...

All eyes on Europe – Huge volatility expected in EU equities The platform is set to start the new week on a positive footing after the solid retail sales last Friday. The index of US500 closed retail at absolute highs after the Friday gain of 1.9% which brought the loss on the week to 1%- the...

CPI Hits Another Four-Decade High USD rises USD rises as CPI hits another four decade high, data shows the headline consumer inflation accelerated once again in June to the highest level since 1981,US consumer inflation hit the high of 41 years and beat the forecast, 9.1% in June against 8.6%...

Dollar Index Looks Unstoppable now On Friday afternoon the new highs rose to 107.6, on the start of European trading session it went 107.45. Since Oct 2002 this was the highest rate and the index added around 20% to its 2021 low. This is a positive secondary effect for the US(strengthening of...

Euro above parity by a thread It looks like July 2022 could be a memorable month for euro, but unfortunately not for the right reasons. EUR/USD is within a risk of dropping below parity with USD since 2002, at that time EUR was just three years old. In North American session, EUR/USD is trading...

NZDUSD, What’s(expected) next for this pair Wednesday the 13th July, the Reserve Bank of New Zealand is expecting the increase of cash rate to 2.5% by increasing the cash rate by 50 points. For the first time in past 2 years NZDUSD finished below .6200. The cause of the fall of NZDUSD is global...

UK PM Boris Johnson says he will resign After several of high profile cabinet member. Resigned, PM Boris said he will resign from his current positions, until the new leader, who will take place on. Next month till than he will stay on his current position. On press conference Boris said he...

Euro Price Action Setups: EUR/USD, EUR/JPY, EUR/CHF, USD/GBP AUD: AIG Services Index, it measures level of a diffusion index based on surveyed service-based companies. AUD: Trade Balance, it measures difference in value between imported and exported goods and services during the reported...

GBP/USD Battered by US Dollar Strength EUR: German Factory Orders m/m, it measures change in the total value of new purchase orders placed with manufacturers. GBP: MPC Member Pill Speaks, BOE MPC members vote on where to set the nation’s key interest rates and their public engagements are...

Worst Quarter for Metals Cap since 2008 due to Global Recession Base metals experienced their greatest quarterly decline since the global financial crisis of 2008 as worries about a worldwide recession increased and China’s economy very slowly recovered. Although the decrease has been...

U.S. stocks failed to change much as the quarter end approaches As investors analyzed remarks made by central bankers at a panel in Europe and anticipated more quarterly profit reports, U.S. stocks ended the day with no movement. On Wednesday, the Dow Jones Industrial Average rose 82.32 points...

Over the past 24 hours, crude oil prices increased while gold prices decreased Over the past 24 hours, gold prices have been trending marginally lower as crude oil prices managed to end the day positively. An increase in the US dollar, which resulted from risk aversion as the tech-heavy Nasdaq...

UAE claims it has no spare capacity, oil prices jump by 1% The energy minister of the United Arab Emirates stated that the country is producing near capacity, defying expectations that this could assist boost supply in a tight market. As a result, oil prices increased by nearly 1% in early...

Gold prices increase as ban on new Russian imports Gold prices rose on Monday as speculation grew that some Western countries could formally forbid the import of the metal from Russia in response to that country’s invasion of Ukraine. By 0231 GMT, spot gold increased 0.5 percent to $1,835.58...