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THE EU SCRAPS DEBT PROMISES, FOR NOW
- August 10, 2022
- Posted by: Range Markets
- Category: Forex News, Technical Analysis
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Modern monetary theory had already paved the way for this change in attitude by hypothesizing that countries with fiat currencies, such as USD or JPY, could issue debt more or less without limits. However, mainstream economists argue that high levels of debt stifle growth and are not sustainable. They cite problems like higher taxes, lower future incomes, and
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Debt to GDP Ratio by Country: State of Global Debt 2022
- August 10, 2022
- Posted by: Range Markets
- Category: Forex News, Technical Analysis
Modern monetary theory had already paved the way for this change in attitude by hypothesizing that countries with fiat currencies, such as USD or JPY, could issue debt more or less without limits. However, mainstream economists argue that high levels of debt stifle growth and are not sustainable. They cite problems like higher taxes, lower future incomes, and
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GOLD, XAU, REAL YIELDS, FED, CPI, CFTC, TECHNICAL OUTLOOK – TALKING POINTS
- August 10, 2022
- Posted by: Range Markets
- Category: Forex News, Second Category, Technical Analysis
Gold prices are up over 1.5% since the start of August against the US Dollar, putting XAU/USD on track to record its first monthly gain since March. After falling to their lowest level of 2022 last month, prices began rising and are currently tracking to see a fourth consecutive weekly gain. That would be the longest
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The CPI and Forex: How CPI Data Affects Currency Prices
- August 10, 2022
- Posted by: Range Markets
- Category: Forex News, Second Category
Understanding CPI data is important to forex traders because it is a strong measure of inflation, which in turn has a significant influence on central bank monetary policy. So how does CPI affect the economy? Often, higher inflation will translate to higher benchmark interest rates being set by policymakers, to help dampen the economy and subdue the inflationary
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Musk Makes the First Move, Sells Tesla (TSLA) Stock Worth USD6.9 billion
- August 10, 2022
- Posted by: Range Markets
- Category: First Category, Forex News
After accumulating a more than 9% stake in Twitter in the first three months of the year, Musk offered to take it private with a USD43.4 billion all-cash offer on April 14. The offer at that time was USD54.20 per share, but Musk tried hard to renegotiate the deal after TWTR stock fell to the
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GERMANY’S SCHOLZ: TAKEN NUMEROUS MEASURES TO DIVERSIFY AWAY FROM RUSSIA FAST
- August 3, 2022
- Posted by: Range Markets
- Category: Forex News
GERMANY’S SCHOLZ: TAKEN NUMEROUS MEASURES TO DIVERSIFY AWAY FROM RUSSIA FAST Siemens Energy CEO said on Wednesday that they have currently one turbine running at the Nord Stream compressor station and added that they need 5 turbines to reach 100% capacity, as reported by Reuters. “We are trying everything to deliver the turbine, cannot understand
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GBP/USD REFRESHES DAILY HIGH, LOOKS TO BUILD ON MOMENTUM BEYOND 1.2200 AMID SOFTER USD
- August 3, 2022
- Posted by: Range Markets
- Category: Forex News
GBP/USD REFRESHES DAILY HIGH, LOOKS TO BUILD ON MOMENTUM BEYOND 1.2200 AMID SOFTER USD GBP/USD bounces off the weekly low touched on Wednesday amid modest USD weakness. A positive tone around the equity markets is seen undermining the safe-haven greenback. Recession fears, US-China tensions, hawkish remarks by Fed officials to limit the USD losses. Investors
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US DOLLAR INDEX COMES UNDER PRESSURE AND RETREATS FROM 3-DAY HIGHS
- August 3, 2022
- Posted by: Range Markets
- Category: Forex News
US DOLLAR INDEX COMES UNDER PRESSURE AND RETREATS FROM 3-DAY HIGHS The index climbs to the 106.50 region and recedes afterwards. The risk complex regains momentum and weighs on the dollar. ISM Non-Manufacturing, Factory Orders next of relevance in the docket. The US Dollar Index (DXY), which tracks the greenback vs. a basket of its main
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USD/JPY COULD NOW NAVIGATE WITHIN 131.30-135.60 – UOB
- August 3, 2022
- Posted by: Range Markets
- Category: Forex News
USD/JPY COULD NOW NAVIGATE WITHIN 131.30-135.60 – UOB According to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, USD/JPY is now seen side-lined with the 131.30-135.60 range in the next few weeks. KEY QUOTES 24-hour view: “We highlighted yesterday that ‘further USD weakness would not be surprising but it is left to be
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EUR/USD REGAINS THE SMILE AND RE-TARGETS 1.0200
- August 3, 2022
- Posted by: Range Markets
- Category: Forex News
EUR/USD REGAINS THE SMILE AND RE-TARGETS 1.0200 EUR/USD leaves behind Tuesday’s pullback and approaches 1.0200. Germany final Services PMI remained in contraction territory in July. US ISM Non-Manufacturing takes centre stage later in the NA session. The generalized improvement in the risk complex lifts EUR/USD back to the vicinity of the 1.0200 neighbourhood on Wednesday. EUR/USD UP