Gold Price Falters Ahead of Fed Powell Speech – XAU/USD Drifts Lower
Gold prices test $1,840 as markets await Fed Powell’s monetary policy report. Read More
HIBOR Plunge Gives Wings to Carry Trades, Sustainability in Question
<p>Carry trading has been a popular strategy in the world of <a href=”https://www.financemagnates.com/thought-leadership/4-top-strategies-popular-with-forex-traders/” target=”_blank” rel=”follow”>forex trading for traders </a>looking to generate income through interest rate differentials. Although many long-term opportunities for such trades are available, the recent plunge in HIBOR rates has put this strategy back in popularity. </p><p>The latest Hibor and Libor rates gap is not the only carry […]
New Bank of Japan Governor Likely Stuck with Kuroda’s Path
Alone among major central banks, the Bank of Japan has stuck to its ultra-loose monetary policy as inflation has risen. Will its new Governor shake things up? Read More
Crude Oil Price Forecast: Demand Projection Fueled by Chinese Growth Outlook
Demand factors have been propping up crude oil prices of recent but Fed Chair Jerome Powell may change this trend with a hawkish testimony later today. Read More
Gold Prices Eyeing Bearish Death Cross as Traders Await Jerome Powell
Gold prices fell on Monday as a jump in Treasury yields weighed on the yellow metal. A bearish Death Cross is in focus as traders await Fed Chair Jerome Powell’s testimony. Read More
Euro Bounces on Hawkish ECB and Ahead Powell’s Testimony. Higher EUR/USD?
The Euro made some ground against the US Dollar on hawkish comments from ECB officials as the market awaits Fed Chair Powell’s commentary later today. Will EUR/USD trend remain intact? Read More
Australian Dollar Slides After RBA’s Widely Expected 25-Basis Point Hike
AUD/USD slides after the Reserve Bank of Australia hiked the cash rate by 25 basis points, in line with expectations. The focus now shifts to US Fed Chair Powell’s testimony later today and tomorrow. What’s next for AUD/USD? Read More
S&P 500 Outlook: EPS Forecasts Revised Lower (Q1), SPX Rises
US equities continue to rise after last week’s positive PMI data and optimism around China’s manufacturing sector & general reopening. Powell’s testimony and NFP up next Read More
EBS Now Requires LPs to Adhere Global Code of Conduct
<p>EBS, the CME Group-owned provider of electronic trading platforms and technology services in foreign exchange markets, has said it will by default deny <a href=”https://www.financemagnates.com/terms/l/liquidity-providers/” class=”terms__main-term” id=”fd90fbbf-614f-4d02-b500-72b78ab4dc6e” target=”_blank”>liquidity providers</a> not signed up to the FX Global Code access to its EBS Direct liquidity pools starting from April 1st. The step is part of the firm’s update to its liquidity provider […]
Oil Gains Despite China’s Soft GDP Target, Gold Mixed as Markets Await Powell
Oil prices rise despite China’s disappointing GDP growth target for 2023. Meanwhile, gold trades with a neutral bias as traders avoid taking large directional positions ahead of Powell’s testimony. Read More