Market Overview

1 June 2023 12:32

Lysakov Sergey

The ongoing approval of the $31.4 trillion U.S. debt ceiling rise by the U.S. Congress is the major saga of the week. The Senate is expected to greenlight all necessary bills by the end of the week. Federal Spending would be cut by $1.5 trillion during the next decade, but even more important is that the technical default threat will recede. Investors are welcoming the fact, but without any rampant enthusiasm as this was expected. The U.S. Dollar index (DXY) is hovering around 104 points, but has an upside potential as the Ministry of finance is expected to resume borrowings soon.

26 May 2023 06:37

Lysakov Sergey

U.S. GDP Is Paving a Way for More Rate Hikes

June 1, an indicated deadline by the U.S. Minister of Finance, Janet Yellen, for resolving debt-ceiling issues, in nearing rapidly. This is also International Children’s Day established in 1949 by Russia and celebrated in post-Communist countries, in Eastern European Countries and some Asian nations like China and Vietnam. Thus, the United States may simply ignore celebrations and share its childish debt troubles with other nations all over the world. Central banks across the globe hold around 50% of its reserves in U.S. debt that totals $31.4 trillion, or 129% of America’s GDP.

23 May 2023 16:33

Lysakov Sergey

European Business is Seen to be Dragging Down Markets

May Purchasing Managers’ Index (PMI) readings for the Eurozone and the United Kingdom were unilaterally disappointing. The leading economic indicators continue to slide towards a possible contraction of the European economy, as composite PMI in the Eurozone was down to 53.5 points from 54.1 points, while the same indication for the U.K. fell to 53.9 points from 54.9 points. Both economies’ manufacturing PMIs continue to slid further down below the 50-point threshold. Any reading below 50 points indicates a contraction of the economy.

18 May 2023 13:27

Lysakov Sergey

Euro Under Dual Pressure

Until recently investors had almost no doubt that the Federal Reserve (Fed) was close to the quantitative easing cycle, while expecting the European Central Bank (ECB) to raise its interest rates to lower roaring inflation in the Eurozone. That supported the Euro and put some pressure on the U.S. Dollar. The situation is changing, however. Eurozone April inflation has slowed down to 0.6% month-on-month vs 0.7% estimate and 0.9% MoM in March. Inflation rose to 7.0% YoY meeting consensus of 6.9% in March.

16 May 2023 16:28

Lysakov Sergey

Gold Exposes a Potential Upside

The current weak U.S. Dollar and investors’ desire for shelter during turbulent times are supporting gold prices. The U.S. Dollar is in a downside trend as investors expect the Federal Reserve (Fed) to end its interest rate hike cycle. More than 80% of investors predict that the Fed will leave its interest rates unchanged at 5.25%, during its June meeting, while 63% of investors think the Fed will be forced to start lowering rates in September 2023. Macroeconomic and geopolitical risks largely contribute to gold prices, as they are dramatically rising.

11 May 2023 16:00

Lysakov Sergey

Two Days of Inflation that Shook the World

April inflation data in the United States that was released on May 10 had a serious impact on the market. The sigh of relief was quite explainable as no evidence of extra money poured into the market by the Federal Reserve (Fed) in March to save U.S. regional banks was spotted in inflation figures. Instead, April Consumer Price Index (CPI) dropped to 4.9% beating consensus, and lower than the March figure. Declining WTI crude prices, that fell from $83.5 per barrel to $73.

2 May 2023 16:08

Lysakov Sergey

U.S. Weakening Economy Supports Markets

Markets are receiving mix signals ahead of the Federal Reserve’s (Fed) meeting that is starting today. The American economy has slowed down as GDP in the first quarter of 2023 rose by 1.1% only compared to 2.6% in the previous quarter. The Personal Consumer Expenditure Index (PCE) decline to 4.2% in March against 5.1% in February. These are major developments for the Fed as it may be less hawkish amid a slowing economy and inflation indications that have neared its 3.3% target in 2023. Investors are now betting that the monetary watchdog will cut interest rates from 5.

25 April 2023 16:32

Lysakov Sergey

Why Does the Dollar Continue to Reign?

Lately markets have been buzzing with constant speculations about the fundamentals of the U.S. Dollar as a reserve currency and about a possible crash of the Dollar-pegged system that is poised to be dismantled. For whatever reason, the question currently in the air is whether the Greenback has to lose its role as the world’s number one currency and step back from the international arena in favour of other currencies. The short answer is very simply no.

18 April 2023 15:57

Lysakov Sergey

The Greenback is Tossed Between Inflation and Recession

The drop of the U.S. inflation to 5.0% year-on-year in March from 6.0% a month earlier convinced bears to sell the Greenback. If inflation is proven to be going down the Federal Reserve (Fed) has no more arguments to hike its interest rates. The Federal Open Market Committee (FOMC) Minutes clearly showed Fed members’ fear a possible mild recession later in 2023 after a banking crisis broke out in March. Core Consumer Price Index (CPI), that excludes volatile items like fuel and food, grew by 5.6% year-on-year in March, up from 5.5% in February.

11 April 2023 17:24

Lysakov Sergey

The Dollar Is Seeking the Bottom

Non-Farm Payrolls data released last Friday supported the U.S. Dollar. This latest economic news from the United States points to a strong labour sector which is preventing a recession from happening and which is also allowing the Federal Reserve (Fed) to continue interest rate hikes to battle high inflation. Indeed, the unemployment level in March contracted to 3.5% from 3.6% in February. Hourly wages rose by 0.3% month-on-month compared to 0.2% in the previous month, while Non-Farm Payrolls were at 236,000, lower than 326,000 in February, but far above 145,000 projections by ADP.

Market Focus

Quotes

Symbol	Bid	Ask	Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Demo Account

Chat

WebTrader

TeleTrade EU is a multi-award-winning, EU licensed and regulated Cyprus Investment Firm.

23 International Awards

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

This website is operated by Teletrade-DJ International Consulting Ltd, which is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11. Teletrade-DJ International Consulting Ltd is located at 88, Arch. Makarios Avenue, 2nd floor, Nicosia Cyprus.

The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.

Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

This website cookies optimise user experience. By clicking "OK" you are providing your consent to our use of cookies. For more information, please read our Privacy Policy

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Market Overview

Follow us