EUR/USD 1.15853
-0.568%
Gold 4458.14
-3.118%
Oil 82.713
-0.301%
USD/JPY 160.075
0.430%
GBP/USD 1.35378
-0.402%
GBP/JPY 216.693
0.027%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 30th, US President Trump posted: "At the invitation of the PGA Tour and its outstanding new Commissioner Brian Lolap, I am honored to accept the position of Honorary Chairman for the upcoming Presidents Cup, which will be held at the Medina Country Club in Chicago. It will be an exceptionally exciting tournament. Both teams are full of talent. I look forward to being there in person and meeting all these outstanding players from both teams!"On August 30, according to the Lebanese National News Agency (NNA), Israeli forces bombed a nursing home in the southern Lebanese town of Houla. NNA also reported that an Israeli drone fired a guided missile at an open area between Jalmac and Qafal Leman. This comes after Israeli artillery shelled the suburbs of Zautar Gharbiyeh, and reports of a large explosion between the towns of Markaba and Rab Salahin.On August 30th, according to a source within the Turkish Foreign Ministry, the Turkish Foreign Ministry summoned the Ukrainian ambassador to Turkey on the 29th to lodge a protest regarding the attack on Turkish vessels near the port of Tuapse in the Black Sea earlier this week. The source said Turkey expressed its reaction to the attacks and warned of the necessity of ensuring the safety of people, property, navigation, and the environment in the Black Sea. Recently, there have been several attacks on Turkish merchant ships in the Black Sea. On August 26th, a ship operated by a Turkish company was attacked near the port of Tuapse in the Black Sea. The following day, Turkey dispatched another ship to tow the same vessel, which also became a target. On August 22nd, two Turkish merchant ships were attacked in the Black Sea, resulting in the death of one crew member and injuries to eight others.On August 30th, local time, the Niger National Civil Aviation Authority issued a notice stating that air operations at Diori Hamani International Airport in Niamey, the capital, had fully resumed normal operations on the afternoon of August 29th. Early on the morning of the 29th, local time, reports of intense gunfire and explosions were heard in multiple locations in Niamey, including the area around Diori Hamani International Airport and near the presidential palace. Later that evening, the Nigerien Ministry of Defense issued a statement saying that some soldiers at Military Base 101 in Niamey had attempted a mutiny that day, but the situation was now under control.According to Al Jazeera: Israeli settlers attacked Palestinians and damaged property in the West Bank towns of Burka and Alaba.

Dow Jones, EUR/USD, USD/JPY, AUD/USD, GBP/USD, EU CPI, BOJ, and US GDP for the Week Ahead

Drake Hampton

Apr 25, 2022 10:49

For the fourth consecutive week, the Dow Jones Industrial Average (DJIA) fell nearly 2% as risk sentiment deteriorated rapidly into the weekend. The catalyst appeared to be a discernible increase in the Fed's rhetoric about significantly tightening policy in response to soaring inflation that threatens to undermine the economic recovery. Rate traders responded by increasing their bets on 50 basis point rate hikes via overnight index swaps, which currently price in complete 50 basis point raises for the next three FOMC meetings. The preliminary gross domestic product (GDP) growth rate for the United States is scheduled to be released on Tuesday, which will indicate how much the economy increased in March.

 

This resulted in a rebound rout in Treasuries, which spread to the rest of the world's financial markets. Government bond yields increased across the board, from UK Gilts to German Bunds. The French election this weekend may result in some European bond repricing, but the impact is likely to be minor in the event of a Macron victory. A Le Pen triumph, on the other hand, would almost certainly have a rattling effect, although polls indicate that is an improbable prospect. Eurozone inflation data for the first quarter may spark some volatility trading in EUR/USD. According to a Bloomberg survey, economists anticipate Q1 core inflation to be 3.1 percent year on year.

 

The risk-sensitive Australian and New Zealand Dollars fell against the Greenback in the Asia-Pacific region. Australia is expected to release its first-quarter inflation figures, with analysts anticipating an increase to 4.6 percent from 3.6 percent year over year. A stronger-than-expected reading could spark a recovery in the battered AUD/USD pair. A broad decline in metal prices weighed on sentiment around the Australian Dollar, which remains under pressure due to continued Chinese lockdowns.

 

USD/JPY could witness a turnaround following Thursday's Bank of Japan policy meeting outcome. The central bank has been assertive in recent months in attempting to contain bond yields, and no adjustment in the benchmark rate is expected this week. However, a change to the central bank's inflation targets may result in some currency repricing. Last week, options traders began to unwind bearish bets on the Yen, as demonstrated by a decline in one-week risk reversals. Another significant focus is the Bank of England's rate hike bets, following a bad batch of statistics that put doubt on the United Kingdom's economic recovery, with retail sales and PMIs falling short of expectations.

Weekly Performance of the US Dollar Against Currencies and Gold

image.png 


Suggestion