• About
  • Blog
  • Best Brokers Worldwide
  • Contact
  • Home
  • Forex
    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Putin allows Russian banks under sanctions to halt some FX operations

    Putin allows Russian banks under sanctions to halt some FX operations

    South Korea probes $3.1bn crypto-linked forex transactions

    South Korea probes $3.1bn crypto-linked forex transactions

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    Paraguay’s crypto framework one step away from becoming law

    Paraguay’s crypto framework one step away from becoming law

    Looking to preserve forex reserves, Nepal extends import ban on ten items

    Looking to preserve forex reserves, Nepal extends import ban on ten items

    What is currency arbitrage, and is it profitable?

    What is currency arbitrage, and is it profitable?

  • Education
    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    EUR/AUD BREAKOUT COULD GROW LEGS

    EUR/AUD BREAKOUT COULD GROW LEGS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

  • Commodities
    Panamanian trade unions reach agreement with government on essential commodities

    Panamanian trade unions reach agreement with government on essential commodities

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Can commodities make a comeback?

    Can commodities make a comeback?

    CME looks to lure retail traders with daily options frowned on in Europe

    CME looks to lure retail traders with daily options frowned on in Europe

    The traders earning $6m+ outside banks and hedge funds

    The traders earning $6m+ outside banks and hedge funds

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

  • Cryptocurrencies
    Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

    Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

    Yen shorts crumble as hot FX trade comes to end

    Yen shorts crumble as hot FX trade comes to end

    Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever

    Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever

    Crypto Is Coming to Esports: The Games and Economics of Tomorrow

    Crypto Is Coming to Esports: The Games and Economics of Tomorrow

    Singapore’s crypto aspirations shaken by Three Arrows collapse

    Singapore’s crypto aspirations shaken by Three Arrows collapse

    Crypto exchange Coinbase looks to expand footprint in Europe

    Crypto exchange Coinbase looks to expand footprint in Europe

    How ETF investors can bet on the crypto crash

    How ETF investors can bet on the crypto crash

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    SBF and Alameda step in to prevent crypto collapse contagion

    SBF and Alameda step in to prevent crypto collapse contagion

FX Access
  • Home
  • Forex
    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Putin allows Russian banks under sanctions to halt some FX operations

    Putin allows Russian banks under sanctions to halt some FX operations

    South Korea probes $3.1bn crypto-linked forex transactions

    South Korea probes $3.1bn crypto-linked forex transactions

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    Paraguay’s crypto framework one step away from becoming law

    Paraguay’s crypto framework one step away from becoming law

    Looking to preserve forex reserves, Nepal extends import ban on ten items

    Looking to preserve forex reserves, Nepal extends import ban on ten items

    What is currency arbitrage, and is it profitable?

    What is currency arbitrage, and is it profitable?

  • Education
    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    EUR/AUD BREAKOUT COULD GROW LEGS

    EUR/AUD BREAKOUT COULD GROW LEGS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

  • Commodities
    Panamanian trade unions reach agreement with government on essential commodities

    Panamanian trade unions reach agreement with government on essential commodities

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Can commodities make a comeback?

    Can commodities make a comeback?

    CME looks to lure retail traders with daily options frowned on in Europe

    CME looks to lure retail traders with daily options frowned on in Europe

    The traders earning $6m+ outside banks and hedge funds

    The traders earning $6m+ outside banks and hedge funds

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

  • Cryptocurrencies
    Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

    Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

    Yen shorts crumble as hot FX trade comes to end

    Yen shorts crumble as hot FX trade comes to end

    Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever

    Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever

    Crypto Is Coming to Esports: The Games and Economics of Tomorrow

    Crypto Is Coming to Esports: The Games and Economics of Tomorrow

    Singapore’s crypto aspirations shaken by Three Arrows collapse

    Singapore’s crypto aspirations shaken by Three Arrows collapse

    Crypto exchange Coinbase looks to expand footprint in Europe

    Crypto exchange Coinbase looks to expand footprint in Europe

    How ETF investors can bet on the crypto crash

    How ETF investors can bet on the crypto crash

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    SBF and Alameda step in to prevent crypto collapse contagion

    SBF and Alameda step in to prevent crypto collapse contagion

FX Access
No Result
View All Result

Dollar surges and stocks tumble as traders weigh global growth outlook

Dollar surges and stocks tumble as traders weigh global growth outlook

poweradmin by poweradmin
July 13, 2022
Home Commodities
Share on FacebookShare on Twitter

The dollar index, which tracks the US currency against six others and has a large euro weighting, rose 1.2 per cent to a fresh 20-year high. That ascent helped to push the euro closer to parity with the greenback, with Europe’s common currency dropping as much as 1.5 per cent to $1.0032 — approaching a level not seen for nearly two decades

With recent drops in crude prices and industrial metals like copper and aluminum tumbling, many are looking to commodities for a better glimpse of the macroeconomic picture.

Commodity prices have slid this year amid rising interest rates, with the Invesco DB Base Metals Fund (DBB) dipping to a 52-week low on Tuesday.

The Japanese yen also fell to a fresh 24-year low against the dollar of ¥137.75 before strengthening slightly.

Market sentiment in recent weeks has swung between the recognition that central banks need to raise interest rates aggressively to combat soaring inflation and a concern that excessive monetary tightening may cause a global economic slowdown.

Both narratives have firmed investors’ bullishness towards the dollar, particularly because recession risks are perceived to be higher in Europe. The European Central Bank has followed the US Federal Reserve into tightening monetary policy, but is expected to remain as dovish as possible to counter economic shocks from Russia’s invasion of Ukraine.

“We’re expecting a recession earlier in Europe,” said Sonja Laud, chief investment officer at Legal & General Investment Management. “The US is an energy exporter, Europe is an importer, and in the current energy price environment that makes all the difference.”

Following unexpectedly inflation, following a similar move last month.

Yet investors have scaled back their expectations of the extent to which the US central bank will lift borrowing costs later in the year, with futures markets now pricing in a benchmark rate of 3.5 per cent for early 2023 — down from expectations of 3.9 per cent in mid-June. The Fed’s current target range is 1.5-1.75 per cent.

Expectations for how far the ECB will lift borrowing costs have also come down in recent weeks, with markets pricing in a rate of just over 1 per cent by February, from its current level of minus 0.5 per cent.

The Bank of Japan, meanwhile, has defied the global trend towards tighter monetary policy. On Monday, BoJ governor Haruhiko Kuroda warned of “very high uncertainty” for the domestic economy in a strong signal that the central bank will retain its easing stance.

Government debt markets rallied on Monday, with the yield on the 10-year US Treasury note falling 0.12 percentage points to 2.98 per cent. The policy-sensitive two-year yield slipped 0.06 percentage points to 3.06 per cent, remaining higher than its longer-dated counterpart in an “inversion” scenario that has preceded every US recession in the past 50 years. Bond yields fall as their prices rise.

Germany’s benchmark 10-year Bund yield fell 0.09 percentage point to 1.19 per cent.

In equity markets, Wall Street’s S&P 500 index, which rose last week following its worst first half of the year for more than five decades, fell 1.2 per cent. The technology-heavy Nasdaq Composite was 2.3 per cent lower.

Hong Kong’s Hang Seng share index shed 2.8 per cent and mainland China’s CSI 300 dropped 1.7 per cent after cities across China reimposed coronavirus restrictions to battle the highly contagious BA.5 Omicron subvariant.

poweradmin

poweradmin

Next Post
Singapore’s crypto aspirations shaken by Three Arrows collapse

Singapore's crypto aspirations shaken by Three Arrows collapse

Recommended.

Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

August 23, 2022
Markets turn cautious as focus shifts to US data, FOMC Minutes

Markets turn cautious as focus shifts to US data, FOMC Minutes

August 23, 2022
Dollar soars on hopes the US could avoid recession despite the aggressive Fed

Dollar soars on hopes the US could avoid recession despite the aggressive Fed

August 23, 2022
Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

August 12, 2022
Putin allows Russian banks under sanctions to halt some FX operations

Putin allows Russian banks under sanctions to halt some FX operations

August 10, 2022
FX Access


FX Access tells you what’s new in politics, investment and economic, why it matters, how it works and what you need.

Follow Us

Categories

  • Commodities
  • Cryptocurrencies
  • Economic
  • Education
  • Forex

Recent News

Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

August 23, 2022
Markets turn cautious as focus shifts to US data, FOMC Minutes

Markets turn cautious as focus shifts to US data, FOMC Minutes

August 23, 2022
  • About
  • Blog
  • Best Brokers Worldwide
  • Contact

© 2022 FX Access | All rights reserved.

No Result
View All Result
  • Home
  • Forex
  • Education
  • Commodities
  • Cryptocurrencies

© 2022 FX Access | All rights reserved.