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  • #31
    The Dollar Trembled following Fed Remains its Peaceful Policy Decision

    The Dollar wobbled on Thursday morning in Asia. The U.S. Federal Reserve stop the speculation of no hurry to increase the interest rates through all of 2023 even after the prompt economic recovery.

    The USD/CNY pair edged down 0.14% to 6.4948 and the GBP/USD pair inched down 0.10% to 1.3950.

    The U.S Dollar Index slightly up 0.10% to 91.483 against the basket of the other currencies.

    The USD/JPY pair elevated 0.24% to 109.09.The AUD/USD pair inched down 0.37% to 0.7823 with NZD/USD pair slightly up 0.07% to 0.7245.

    Fed Chairman Jerome Powell persist pacifist at the time of presenting the Fed’s latest policy decision on Wednesday, stop the guesswork that the central bank would pull back its stimulus package due to the raised hopes for a strong economic recovery.

    The Fed speculated that the economy might grow 6.5% in 2021, the highest annual bounce in GDP since 1984 and a 2.3% point difference from its estimation three months ago.

    The bank of England is broadly expected to leave its bank rate at 0.1% and its bond-buying program unchanged when it hands down its policy decision later in the day with the Bank of Japan is going to present its own policy decision on Friday.


    • #32
      Australian Stocks Declined with Asia Stocks Unsettled

      The losses in the Energy, Industrials, Metals, and Mining sectors led to Shares lower, consequently, Australia Stocks were lower after the close on Friday.
      S&P/ASX 200 decreased 0.56% in Sydeny

      The Northern Star Resources Ltd (ASX: NST) Outshines, rose 4.17% or 0.390 points to trade 9.750 at the close.

      The Shopping Centres Australasia Group (ASX: SCP) added 3.77% or 0.090 Points to end at 2.480.

      Altium(ASX: ALU) was high 0.98 points to 27.80 in late trade.

      Some worst performers were Silver Lake Resources Ltd(ASX: SLR) fell 4.44% to trade at 1.615 at the close.

      Perseus Mining Ltd(ASX: PRU) declined 3.98% or 0.050 points to end at 1.205.
      Lastly, Newcrest Mining Ltd (ASX: NCM) was declined 3.43% or 0.860 points to 24.200.
      Asian Share Markets dropped on Friday following a hike in global bond yields.

      With the sudden change of 7% overnight, Brent Crude futures low jump of just 11 cents to $63.39 a barrel on the other hand U.S. crude added 6 cents to $60.06.
      Markets fluctuate because of the Bank Of Japan’s decision to broaden the target band for 10-Year yields with the adjustment of purchasing of assets.

      As the bank is trying to keep it lively and brisk so they can ease the more sustainability, however, investors are taking a turning point from the all-out stimulus.
      Chinese blue chips lost 1.9%, might be frightened by an exchange between Chinese and U.S. diplomats at the first in-person meeting of Biden’s administration.

      For more latest market news visit our website: Xtreamforex


      • #33

        Surprise Replacement of Central bank Governor Elevated Dollar

        The Turkish Lira subside against the Dollar following President Tayyip Erdogan replaced the Central bank governor Naci Agbal over the weekend due to the high-interest rate.

        The U.S. Dollar Index Slightly Up 0.16% to 92.073 against the basket of other currencies.

        The USD/JPY pair was slightly down 0.03% to 108.84.

        The AUD/USD pair was down 0.30% to 0.7719 with NZD/USD pair slightly down 0.17% to 0.7151.
        The USD/CNY pair slightly up 0.06% to 6.5108.

        The GBP/USD pair was slightly down 0.26% to 1.3832.

        The Shocking decision by Erdogan to dismiss the service of Agbal came two days after a surge in inflation by 16% and support the Turkish Lira. Now, Sahap Kavcioglu will command. The central bank will most probably reverse the hawkish steps which could lead to upcoming market volatility.

        The Lira was at 8.10 per dollar in early Asia Trade, declined 11% from its close on Friday. The Lira fell by 14.9% to 8.4850 at one point, Close to a record low of 8.5800.

        For more latest market news visit our website: Xtreamforex


        • #34
          Dollar Elevated, Euro Put with Massive Monthly Drop Since 2019

          The Dollar was high on Monday morning, lingered around record gains the euro and yen. The Last week’s U.S. Economic data and the rapid pace of the COVID-19 Vaccination rollout program leads the traders to turn towards the Dollar.

          The U.S. Dollar Index slightly up 0.10% to 92.812 against a basket of other currencies.

          The USD/JPY pair slightly up 0.01% to 109.66.

          The AUD/USD pair slightly down 0.08% to 0.7629.

          The USD/NZD pair inched down 0.10% to 0.6984.

          The USD/CNY pair slightly up 0.03% to 6.5433, with Chinese manufacturing and non-manufacturing purchasing managers index figures due later in the week.
          The GBP/USD pair slightly down 0.06% to 1.3777.

          The Euro traded at $1.1788, headed to its worst month since mid-2019. The worrisome situation of supply and safety impacts Europe’s COVID-19 vaccine rollout with the rapid increase of cases led investors to remain heavily long euros.

          The U.S. has sped up the vaccination goal after completing its 100-million-shots objective more than a month ahead of schedule.


          • #35
            The Dollar Steady as Employment Data keeps Buyer in Control

            The U.S. Dollar moving in a balanced form on Monday. The last week’s strong U.S. employment report keeps interested investors on the edge with looking forward to data on the U.S. services sector for the assurance of a firm economic bounce back from the corona virus trauma.

            The Improvement in U.S. Economy and rising Treasury Yields leads to the position of the greenback at its best quarter in almost three years in January-March against the major currencies.

            Things might become easy for investors as the Dollar’s upward trend is going to be strong, and the main focus of investors will be to follow the trend.
            The USD/YEN pair was at 110.62 nearly its strongest level in the Year.

            The dollar traded at $1.1760 against the Euro, nearly close to a five-month high.

            The British Pound held stable at $1.3826.

            The dollar rose to 0.9430 Swiss francs.

            As per Friday’s Data, The state economy created more Jobs than Expected in March. The stock and bond markets were closed for the Easter holidays due to which there was the minimal response in currencies.

            The Financial Market in Australia, New Zealand, China, and Hong Kong is closed due to which the trading was subdued on Monday in Asia. However, the Dollar would be reinforced further as per the analysis.

            For more latest market news visit our website: XtreamForex


            • #36
              The Dollar Up with China’s Forex Reserves Fall

              The U.S. Currency elevated in European Trading on Wednesday, However, the vigorous fall on bond yields resultantly lingered dollars near two-week lows even after strong U.S economic growth.

              The Dollar Index, The greenback was high 0.1% at 92.390 against a basket of six other currencies.

              USD/JPY edged up 0.1% at 109.78.

              GBP/USD declined 0.2% at 1.3793.

              AUD/USD was down 0.2% at 0.7649.

              Official Data released on Wednesday shows, China’s Foreign exchange reserves declined more than expected in March because the Dollar traded gain against a basket of major currencies.

              China’s Foreign Exchange Reserves fell $34.97 billion to $3.17 trillion last month.

              The Chinese Yuan fell 1.28% against the dollar in March, on the other hand, arises 2.52% in March against a basket of other major currencies.

              The Last Sessions saw the dollar’s strongest rally in the hope of hastening the growth of the economy and inflation could force the Fed to ditch to keep interest rates around zero-till 2024.

              EUR/USD trading to a two-week high of 1.1878 and the benchmark 10-year U.S. Treasury Yield declined to 1.65%.

              For more latest market news visit our website: XtreamForex


              • #37
                Australian Shares Edges High at Close of Trade

                Profits in the Metals & Mining, Materials, and Resources sector-led Shares elevated resultantly affect the Australian stock, edges higher following the close on Thursday.

                The S&P/ASK200 added 1.02% to hit a new 52-week high. The outshining performers of the session were EML Payments LTD, which raised 5.72% with 0.31 points to trade at 5.73 at the close.

                On the other hand, Unibail Rodamco Westfield(ASX: URW) was up 4.53% and 0.24 and Deterra Royalties Ltd(ASX: DRR) was high at 4.25% and 0.17 points in late trade.

                The Worst Performers were Resolute Mining Ltd(ASX: RSG), which Declined 3.13% or 0.015 points. Brickworks Ltd(ASX:BKW), was down 2.52% or 0.53 points to end at 20.50.

                For more latest market news visit our website: XtreamForex


                • #38
                  The Dollar Hovered Low Despite Gains, Fed Policy Remains Stubborn

                  The Dollar Elevated in early European Trading Friday, however, lingered near two-week lows after disappointing job data, moreover, the Fed irresponsive behavior of not changing its ultra-easy monetary policy.

                  The Dollar Index, Trace the greenback against a basket of six other currencies was high 0.2% at 92.278 after declining as low as 92.037 earlier Friday for the first time since March 23.

                  USD/JPY arise 0.2% at 109.47.

                  EUR/USD declined 0.2% to 1.1888.

                  AUD/USD edges low by 0.7% to 0.7595.

                  GBP/USD declined 0.4% to 1.3674.

                  USD/CNY rose 0.1% to 6.5569 following china released stronger-than-expected March consumer and producer price indexes data as 0.4% and 4.4% year-on-year respectively.

                  The Considerable rise in the Dollar last quarter was due to rising Treasury Yields in hope of strong economic recovery with increasing inflation might force the Federal Reserve to stop in its ultra-easy monetary policies.

                  Fed Chair Jerome Powell sticks to the plan of not changing policy at the virtual International Monetary Fund Conference on Thursday, Mentioned policy would remain the same until there is no chance of strong economic data, on the other hand, board member James Bullard said to stop the discussions about the change until the pandemic is over.

                  USD/CNY rose 0.1% to 6.5569 following china released stronger-than-expected March consumer and producer price indexes data as 0.4% and 4.4% year-on-year respectively.

                  For more latest market news visit our website: XtreamForex


                  • #39
                    The Dollar Ascended As Traders Awaits for Inflation Data

                    The Dollar Elevated against the major currency on Tuesday following almost a three-week low, Cheered by a bump in Treasury Yields, as traders were looking for the strong anticipated U.S Inflation Data later in the day.

                    The greenback has moved back alongside U.S. yields this month in the wake of flooding to multi-month tops on assumptions that gigantic fiscal stimulus combined with proceeded with money-related facilitating will prod quicker U.S. financial development and higher Inflation.

                    The U.S. Dollar Index traces the greenback against a basket of other currencies slightly up by 0.16% to 92.293.

                    The USD/JPY pair was high 0.32% to 109.72.

                    The AUD/USD pair declined 0.13% to 0.7599 with The NZD/USD pair was down 0.30% to 0.7007.

                    The USD/CNY pair was slightly up 0.11% to 6.5515.

                    The exports grew 49% each year in March and Imports grew 38.1% each year mentioned in Chinese trade data released earlier in the day.
                    The GBP/USD pair slightly down by 0.09% to 1.3728.

                    Boston Federal Reserve Bank President Eric Rosengren said on Monday that the U.S. economy could recover with a notable change this year, due to the accommodative monetary and Fiscal policy, however, the labor market still needs to improve in my ways.

                    For more latest market news visit our website: XtreamForex


                    • #40
                      World Stock Climbed Record High Amid Relieve In Bond Yields

                      Good news is coming from the global Stock market, as the market elevated to a record amid relief in bond yields with the decrement in the Inflation rate, investors anticipating the recovery of the ruptured economy.

                      Fraction of Asia-Pacific shares outshine after the New York Stock exchange higher. Hong Kong’s Hang Seng marking the first position with gains, meanwhile benchmark U.S. Treasury Yields persistence fall off, marking a fresh three week low.

                      S&P 500 Futures rise by 0.1%.

                      Japan Nikkei fell 0.3%, the worrisome situation created due to rapid increase in coronavirus cases increased uncertainty about the economic recovery as Japan is going to host the Olympics within 100 days.

                      The European Stocks open on a higher note, with Euro Stoxx Futures inclined to 0.3% and Britain’s FTSE futures to 0.1%.

                      The U.S. Consumer Price index inclined 0.6%, the highest rise since August 2012 due to increasing vaccination and fiscal stimulus release suppressed demand, however, the data is unlikely to change Fed chairman Jerome Powell’s vision that higher inflation might be for a short period.

                      MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.8%. Hong Kong’s Hang Seng jumped 1.4% and China’s blue-chip index up 0.5%.

                      For more latest market news visit our website: XtreamForex


                      • #41
                        The Dollar Rise, nonetheless, Three-week Low as Investors buy Fed’s Aggressive Attitude

                        The Dollar was high on Thursday morning in Asia, however, was holding near a three-week low.

                        The U.S. Fed is headstrong towards keeping the interest rates low lead U.S. bond yields to retreat from March Surge.

                        The U.S. Dollar Index that traces the greenback inched up 0.01% to 91.685, against a basket of other currencies.

                        The USD/JPY pair slightly down 0.04% to 108.87.

                        The AUD/USD pair slightly down 0.12% to 0.7711, on the other hand, NZD/USD pair edged up 0.07% to 0.7143.

                        The USD/CNY pair inched high 0.16% to 6.5398 while the GBP/USD pair slightly down 0.07% to 1.3769. China is going to release GDP, Industrial production, and fixed asset investment data on Friday.

                        The Euro gained 2.2% in April, that’s the highest in four weeks, trading at 1.19845.

                        The Fed is stubborn to keep accommodative rates that helped in maintaining U.S. bonds. The Benchmark ten-year U.S. bond yields calmed to 1.636% on Thursday but were well beneath the 14-month height of 1.776% hit in late March.

                        Regardless of this fraction of Investors remained worried that might be the fed could change its statement later in 2021 should inflation readings jump higher than expected.

                        Fed Chairman Jerome Powell said that the Fed will bring down its monthly bond purchases before perform to an interest rate increase in his speech at the Economic Club of Washington on Wednesday.

                        For more latest market news visit our website: XtreamForex


                        • #42
                          The Dollar Elevated after Treasuries Enfeeble Current Strength

                          The U.S currency was high on Friday Morning in Asia however, was ready to call off the week with a terrible successive weekly drop in 2021.

                          The U.S. Dollar Index traces the greenback slightly up by 0.10% to 91.713 against the basket of other currencies.

                          The USD/JPY Pair Slightly Up by 0.06% to 108.81.

                          The AUD/USD pair inched down 0.16% to 0.7738 with NZD/USD pair slightly down 0.10% to 0.7162.

                          The USD/CNY pair slightly up by 0.12% to 6.5296. The Economic growth doesn’t grow as per the expectation; The Yearly data Chinese According to the Chinese Economic Data mentioned that the GDP for the first quarter expand 18.3% and 0.6% yearly and quarterly in March.

                          The GBP/USD Pair slightly down 0.14% to 1.3767.

                          The Benchmark 10-Year Treasury Yield declined to a one-month low of 1.528% in the last session, Despite Thursday’s more than expected U.S retail sales and in initial jobless claim data.

                          San Francisco Fed President Mary Daly mentioned on Thursday that the U.S. Economy is yet not close to making considerable progress with regards to the Central bank’s goals of 2% inflation and full employment when it will commence contemplating reducing its support for the economy.

                          For more latest market news visit our website: XtreamForex


                          • #43
                            Dollar Inclined, however, persisting near one-month low as U.S. Yields Rebound

                            The Dollar was high on Monday morning in Asia however persists almost a one-month low as Treasury Yields lingered near their lowest levels in five weeks following the U.S. Federal Reserve recapitulate its perception of an increase in inflation will not be permanent.

                            Improved risk sentiment in the middle of the rally in global shares to record highs also complete gains for the U.S. currency.

                            The U.S. Dollar Index traces the greenback slightly up by 0.11% to 91.648 against the basket of other currencies.
                            The USD/JPY pair inched down 0.11% to 108.66.

                            The AUD/USD pair was slightly up by 0.01% to 0.7734.

                            The NZD/USD pair slightly down 0.01% to 0.7140.

                            The USD/CNY pair slightly up by 0.07% to 6.5249.

                            The GBP/USD pair slightly up by 0.05% to 1.3837.

                            The 10-year Treasury yield descended to 1.5280% during the last week from a more-than-one-year high of 1.7760% at the End of the previous month.

                            The U.S Economy is “ready to rip”, said Fed Governor Christopher Waller at CNBC on Friday. The economy is ready to take off, nonetheless not at the fastest pace that the central bank should start tightening policy.

                            For more latest market news visit our website: XtreamForex


                            • #44
                              Dollar Tumbled, Euro Inclined as Vaccination Rollout

                              The U.S. Currency declined on Tuesday Morning in Asia, persisting near a six-week low as the Euro inclined after the rallying COVID-19 vaccine rollout.

                              The U.S. Dollar Index that traces the greenback edged down 0.14% to 90.927 against a basket of other currencies.

                              The USD/JPY pair slightly up by 0.02% to 108.18 after the Dollar fell to its lowest 107.975 Yen.

                              The AUD/USD pair was high 0.48% to 0.7794 after hitting a one month high of 0.7784 on Monday as the Reserve Bank of Australia released the minutes from its latest policy earlier in the day.

                              The NZD/USD pair inclined 0.42% to 0.7210.

                              The USD/CNY pair declined 0.21% to 6.4949.

                              The GBP/USD pair slightly up 0.10% to 1.3998.

                              The Dollar is losing its grip due U.S. Bond yields have lingered below a 14-month high touched last month.

                              The euro inclined to $1.2038 touched a six-week high of $1.2048 on Monday on the other hand the British Pound gained 1% nightly, its second-biggest daily gain in this year as of now.

                              Fraction of Investors believes that the euro likely came from announcements that the European Union has obtained an additional 100 million doses of COVID-19 Vaccine by BioNTech SE and Pfizer Inc.

                              For more latest market news visit our website: XtreamForex


                              • #45
                                Asian Shares, Oil Declined Amid Fear of Overall COVID-19 Risks

                                Asian Shares and U.S. Stock Futures declined on Wednesday as concern about the renewal of COVID-19 cases in some countries creates an immense tension over the strength of global growth and demand for crude oil.

                                Euro stoxx 50 futures up 0.28%, Germany’s DAX futures up 0.25% and Britain’s FTSE futures inclined 0.15%.

                                MSCI broadcast index of Asia-Pacific shares outside Japan fell 1.08%.

                                Australian stocks declined 0.56% while shares in china regain early losses and inclined 0.29% because of productive earnings from the healthcare and banking sectors.

                                Stocks in Tokyo sunk by 1.95% because of the worrisome situation as the rapid increase of COVID 19 cases’ in Tokyo, Osaka, and surrounding areas will be kept on lockdown.

                                S&P 500 e-mini stock Futures also declined 0.18%.

                                Downfall in Asian Shares after a gloomy day on Wall Street.

                                The Dow Jones Industrial Average fell 0.75%. The S&P 500 lost by 0.68% and Nasdaq Composite declined 0.92% on Tuesday as many investors sold airlines and mostly hospitality Firms, consequently due to slow recovery in global tourism.

                                Many tech shares and companies that gain profit from the lockdown, now could come under pressure after Netflix Inc (NASDAQ: NFLX) reported saddening subscriber growth for its movie streaming service which sent its shares down 11% in after-hours trading.

                                MSCI’s index of global shares fell 0.3%.

                                U.S. Crude down 0.69% to $62.24 a barrel with Brent crude declined 0.59% to $66.18 per barrel.

                                For more latest market news visit our website: XtreamForex



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