Submitted Sep 13, 2022|From monetamarkets.com

The much anticipated Ethereum Merge is expected to happen this Thursday, as per the Ethereum Foundation. In simple terms, it’s a technology upgradation that would reduce the blockchain’s energy consumption by 99%. The upgradation would shift ...

Submitted Sep 12, 2022|From monetamarkets.com

Bitcoin continues the upside momentum that begins on September 7. Since then the price has appreciated nearly 22% and finally managed to cross above $22,000. A risk-on mood helped the riskier assets. Investors await U.S inflation data and assess an ...

Submitted Aug 31, 2022|From monetamarkets.com

Oil prices continued with their downside momentum on Wednesday. A cautious market mood amid renewed strength in the greenback and lack of buying interest weighs on the prospects of the black gold. Investors remained concerned about the global ...

Submitted Aug 11, 2022|From monetamarkets.com

The shared currency marks the fourth straight session of gains on Thursday. A risk-on mood and softer U.S. dollar added a headwind to the EUR/USD pair. Investors continued to digest softer U.S producer prices as the market took it as a signal that ...

Submitted Aug 6, 2022|From monetamarkets.com|3 comments

The Japanese Yen once again lost against the USD to gain some follow-through traction as the demand for the safe-haven asset rises amid U.S-Sino tensions and global economic outlook. The Yen had suffered major losses in the first half of 2022 but ...

Submitted Aug 4, 2022|From monetamarkets.com

The Canadian dollar gained nearly 80-pip in the two consecutive session. Fresh demand in commodity prices and a subdued US performance sponsored the upside momentum in the USD/CAD pair. Lonnie remains the second best performing primary currency and ...

Submitted Aug 3, 2022|From monetamarkets.com|2 comments

The Sterling attempts to recover amid a subdued US dollar and the anxiety ahead of key Bank of England (BOE) key policy decision. The market mood is quiet amid low volatility as the market wait for fresh trading impetus. Geopolitical and economic ...

Submitted Aug 2, 2022|From monetamarkets.com

The shared currency struggled to gain traction amid a risk-off mood. The US dollar is recovering on Tuesday as the U.S.-China tensions over Taiwan sour the market mood. Currently, the EUR/USD pair is trading at $1.0194, down 0.65% for the day. U.S. ...

Submitted Jul 28, 2022|From monetamarkets.com

Gold continues to ride higher for the second straight day on Thursday. The move was sponsored by the weaker US GDP data and risk aversion in the market. US GDP declined unexpectedly in Q2 amid high inflation figures, interest rate hikes, and ...

Submitted Jul 27, 2022|From monetamarkets.com

It has been a tale of two-week for the Swiss franc. USD/CHF fell about 200-pip since July 14 and looks further weakness. The currency appreciated to nearly 0.9600 against the US dollar. Global recessionary fears and a less hawkish Fed attributed to ...

Submitted Jul 25, 2022|From monetamarkets.com

Amid a rise in risk appetite, ahead of the key Fed meeting, the riskier asset started the fresh week on an optimistic note. Wall Street is expected to open higher as investors braced for the US earning sessions. The European market ended higher ...

Submitted Jul 22, 2022|From monetamarkets.com

The British Pound recovered from the session’s lows but the upside remained capped. The latest mixed economic data weighed on the currency. However, a correction in the US dollar kept the downside limited. The S&P Global PMI released today showed ...

Submitted Jul 19, 2022|From monetamarkets.com

The shared currency rallied more than 1% on Tuesday. The move is sponsored by the dual factor of the weakness in the US dollar and the ECB’s larger rate hike expectations. The pair spiked near one week-high at 1.0269. The deprecation in the US ...

Submitted Jul 18, 2022|From monetamarkets.com

The Sterling outperformed the G-10 currencies as the fresh trading week begins. A correction in the U.S dollar and risk-on mood supported the move in the Britain Pound. Investors assessed the impact of the Fed interest rate hike. However, a softer ...

Submitted Jul 15, 2022|From monetamarkets.com

XAU/USD beating continues for the fifth consecutive week. The precious metal loses its sheen as investors are shunned from the asset. The exponential rise in the US dollar since March 2022 brings a rout in the financial market. Why USD is rising? ...

Submitted Mar 7, 2022|From monetamarkets.com

Gold, the ultimate safe haven asset, made a new cycle high at $2,002 earlier today. Investors sought the refuge of the precious metal, “the currency of last resort” as Goldman Sachs called it. The melt-up in energy and commodities was in full effect ...

Submitted Mar 3, 2022|From monetamarkets.com|3 comments

Perhaps surprisingly, the top performing major currency this year has been AUD. This has taken place despite a major selloff in global stocks, a still relatively dovish RBA and general broad dollar strength. But it is the very strong bid in ...

Submitted Mar 2, 2022|From monetamarkets.com|2 comments

The euro didn’t receive a lot of love from a record inflation print this morning. The region looks to be heading into potential stagflation – where growth slows while price pressures increase ever higher. Economists reckon headline CPI could rise ...

Submitted Feb 28, 2022|From monetamarkets.com

GBP had held up quite well in the current risk-off environment. But Thursday’s events saw a sharp downturn enhancing its status as a more-risk sensitive currency. Surging gas and energy prices will no doubt push the Bank of England towards a more ...

Submitted Feb 24, 2022|From monetamarkets.com|1 comment

The dollar is showing off its safe haven characteristics today, especially against the European majors. The risk backdrop is very grim and the flight to quality is in full effect as the yen, swissie and gold among other assets, outperform along with ...