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  Dollar EUR/USD down 0.3 percent to 1.1123 on the day The push and pull for the dollar continues this week, with USD/JPY now inching back up to near 122.00 after touching a low of 121.35 earlier in the session. Elsewhere, the EUR/USD is marked lower to 1.1123, with the greenback advancing slightly across the board. A return to the mid-March highs around 1.1121-37 would be a blow to buyers’ momentum in EUR/USD, though the key hourly moving averages are still seen far away @ 1.1033-53 for the time being. There isn’t much in the way of headlines to work with this week as flows continue to play out. The GBP/USD is down slightly to 1.3110 from around 1.3148 earlier today, while the AUD/USD is down 0.5 percent to 0.7472 as buyers struggle to keep above 0.7500. Just keep in mind that today is also month-end and quarter-end trading, so things may be a little choppy. USD/JPY falls 0.3 percent to 121.45 on the day The pair is down to fresh lows on the day as the push and pul...

Traders are drawn to forex news trading for a variety of reasons, the most important of which is volatility. Basically, forex brokers are attracted to news discharges since they can possibly move money markets. Financial information deliveries, for example, GDP and expansion are alluded to as ‘news,’ and forex dealers will quite often give close consideration to such deliveries considered ‘exceptionally significant.’ Major economic data can have a significant impact on the forex market. While figuring out how to exchange forex news, most more current merchants search for development, or unpredictability. The largest moves tend to follow a’surprise’ in the data – where the actual data differs from what the market expected – the good news is that you don’t need a PhD in Economics to do this because our economic calendar already provides economist expectations.  Furthermore, news releases are scheduled at predetermined times and dates, giving traders ample time t...

 The Japanese Yen is still under pressure, with breakouts in a number of JPY pairs pushing up to new multi-year inflection points. The main driver appears to be continued central bank divergence, with the Fed preparing for up to five or six more hikes this year and many other central banks looking to raise rates to keep inflation under control. Meanwhile, the Bank of Japan does not appear to be in the same situation, making carry trades even more appealing.   Over the last two weeks, the Japanese Yen has been on an incredible run of weakness, with multi-year highs printing in all of the USD/JPY, AUD/JPY, and CAD/JPY pairs. The unavoidable issue is the reason, and the main legitimate clarification is national bank dissimilarity, with the Bank of Japan proceeding to keep a frail and free financial strategy while different economies plan to raise loan costs to battle expansion. As rates rise in USD, CAD, or AUD, the attractiveness of carry trades against the low-rate Yen rises, p...

 Stocks Stocks are slightly firmer ahead of North American trading. European indices are slightly higher, while US futures are slightly higher. There isn’t much going on in the session, as risk tones are seen fluctuating slightly in European morning trade. Equities were little changed earlier but are now trending slightly higher, with European indices up 0.4 percent to 0.5 percent and US futures up 0.2 percent on the day. Because there hasn’t been much for traders and investors to work with, the changes have been minor. The bond selloff appears to be cooling, but Treasury yields remain higher for the time being. 10-year yields have risen 2.2 basis points to 2.363 percent. In FX, there are only minor changes, but the franc and yen are the two gainers for the day. USD/CHF is down 0.4 percent to 0.9260 at session lows, while USD/JPY is still hovering around 121.50-70 after falling to 121.20 in late Asia trading. The latter peaked at 122.43 early on and is currently down 0.6 percent as...

 Bonds 10-year Treasury yields are up nearly 6 basis points above 2.37 percent on the day.   After a brief respite yesterday, the bond selloff is continuing today, with yields rising in European trading.   Ten-year Treasury yields are now up 5.6 basis points to 2.377 percent, nearly erasing yesterday’s drop.   The most recent peak was at 2.417 percent, so that will be one to watch, but from a technical standpoint, it is difficult to call a top, especially since markets are still pricing in a more aggressive Fed in May and June, as well as a stronger inflation outlook. If anything else, the long-term channel trend, i.e. the bond market “bubble,” may be more significant.   Gold The demand for safe havens is increasing. Given the ongoing conflict in Ukraine, the resurgence of the COVID-19 Omicron Variant, and inflation that appears to be on the rise, a Gold ETF may be an attractive long-term investment. Indeed, as the Russia-Ukraine conflict rages on, the race to b...

 As the US prepares for a new round of sanctions against Russia, the EUR/USD may target a low in 2022.     The Euro is well off its March lows against the US Dollar, but upside movement has stalled, and bulls do not appear eager to resume buying in the near term. The conflict in Ukraine rages on, and the battle for Mariupol is being closely monitored. Meanwhile, the US is reportedly preparing another round of Russian sanctions. While these sanctions are aimed at Russia, they have an impact on the global economy. Unfortunately for the Euro, Europe is one of the most heavily impacted by these negative effects.     The Euro has made progress since its March low, but the upside appears to be limited.   As the United States prepares new sanctions, Europe may bear the brunt of the consequences of the war. If prices fall below flag support, the EUR/USD could threaten the 2022 low.     The economic impact on Europe will almost certainly worsen over time u...

 Russia Russia reiterates that its military operation in Ukraine is proceeding as planned According to Kremlin statements, any possible contact of our forces with NATO’s forces could have far-reaching consequences. The US is putting pressure on other countries regarding Russia’s G20 membership. Despite US pressure, some countries maintain their sovereign positions.     As things stand, Russia insists that everything is as it should be, and the situation in Ukraine appears to be dragging on for quite some time. In other news, Moscow has reaffirmed Putin’s intention to attend the G20 summit later this year in Indonesia, which is scheduled to take place in November..   Russia downplays any major blows to its energy sector for the time being. With Europe unlikely to pull the plug, Russia will be content with how things are developing in its oil and gas and energy sectors for the time being.......      Click Here to keep Reading...