• About
  • Blog
  • Best Brokers Worldwide
  • Contact
  • Home
  • Forex
    A quiet start to the third quarter ahead of key data releases

    A quiet start to the third quarter ahead of key data releases

    Forex Today: Calm ahead of the ECB storm

    Forex reserves still ample

    Forex Today: Calm ahead of the ECB storm

    Forex Today: Calm ahead of the ECB storm

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Forex Today: Economic uncertainty spurs volatility

    Forex Today: Economic uncertainty spurs volatility

    Russia Considers Allowing Crypto for International Payments (Report)

    Russia Considers Allowing Crypto for International Payments (Report)

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

  • 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
    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

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    Shell Impairments Support Bearish Market

    Shell Impairments Support Bearish Market

  • Cryptocurrencies
    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

    Why the crypto market crash may play in Bitcoin’s favour

    Why the crypto market crash may play in Bitcoin’s favour

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Forex Today: Risk-on flows weighed on the dollar

    Forex Today: Risk-on flows weighed on the dollar

    Binance’s Bahrain License Upgraded for More Crypto Services

    Binance’s Bahrain License Upgraded for More Crypto Services

    The Crypto Daily – Movers and Shakers

    The Crypto Daily – Movers and Shakers

FX Access
  • Home
  • Forex
    A quiet start to the third quarter ahead of key data releases

    A quiet start to the third quarter ahead of key data releases

    Forex Today: Calm ahead of the ECB storm

    Forex reserves still ample

    Forex Today: Calm ahead of the ECB storm

    Forex Today: Calm ahead of the ECB storm

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Forex Today: Economic uncertainty spurs volatility

    Forex Today: Economic uncertainty spurs volatility

    Russia Considers Allowing Crypto for International Payments (Report)

    Russia Considers Allowing Crypto for International Payments (Report)

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

  • 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
    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

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    Shell Impairments Support Bearish Market

    Shell Impairments Support Bearish Market

  • Cryptocurrencies
    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

    Why the crypto market crash may play in Bitcoin’s favour

    Why the crypto market crash may play in Bitcoin’s favour

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Forex Today: Risk-on flows weighed on the dollar

    Forex Today: Risk-on flows weighed on the dollar

    Binance’s Bahrain License Upgraded for More Crypto Services

    Binance’s Bahrain License Upgraded for More Crypto Services

    The Crypto Daily – Movers and Shakers

    The Crypto Daily – Movers and Shakers

FX Access
No Result
View All Result

Forex Today: Economic uncertainty spurs volatility

Forex Today: Economic uncertainty spurs volatility

poweradmin by poweradmin
June 10, 2022
Home Forex
Share on FacebookShare on Twitter

Risk aversion was once again the main theme, although the dollar edged lower against its major rivals in the last trading session of the day. Lower US Treasury yields undermined demand for the greenback, as the 10-y note yields 2.97%, after peaking earlier in the day at 3.06%.

The World Bank lowered this year’s global GDP forecast to 2.9% from 4.1%. WB President David Malpass warned that faster-than- Malpass added that new energy and food production is imperative for Europe and the world, as it would help reduce prices and inflation expectations.

The EUR/USD pair recovered from a fresh weekly low of 1.0651 to end the day a few pips above 1.0700. The GBP/USD suffered an early knee-jerk and bottomed at 1.2429, but later recovered to end the day near 1.2590.

US Treasury Secretary Janet Yellen testified on the Fiscal Year 2023 Budget before the Senate Finance Committee.

She said that the US economy faces challenges from “unacceptable levels of inflation”, as well as headwinds from supply chain snags. An appropriate budget is needed to complement Fed’s actions to tame inflation without harming the labor market.

Wall Street managed to revert its negative tone and posted gains in the last hours of trading, helping mostly commodity-linked currencies. The AUD/USD pair is currently in the 0.7230 price zone, while USD/CAD trades around 1.2520, holding at its lowest in seven weeks.

The USD/JPY pair kept advancing, reaching a fresh multi-year high of 132.99 to end the day at 132.55. USD/CHF posted modest intraday gains to settle around 0.9722.

Weaker US government bond yields pushed XAUUSD higher. The bright metal changes hands at $1,855 a troy ounce. Crude oil prices, on the other hand, benefited from the positive tone of Wall Street, with WTI at $120.20 a barrel.

Markets’ volatility reflects uncertainty about the economic future amid fears aggressive quantitative tightening will provoke recessions among major economies.

poweradmin

poweradmin

Next Post
Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

Please login to join discussion

Recommended.

How ETF investors can bet on the crypto crash

How ETF investors can bet on the crypto crash

July 6, 2022
A quiet start to the third quarter ahead of key data releases

A quiet start to the third quarter ahead of key data releases

July 4, 2022
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

July 1, 2022
The traders earning $6m+ outside banks and hedge funds

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

June 29, 2022
‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

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

June 25, 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

How ETF investors can bet on the crypto crash

How ETF investors can bet on the crypto crash

July 6, 2022
A quiet start to the third quarter ahead of key data releases

A quiet start to the third quarter ahead of key data releases

July 4, 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.