Daily Market Lookup

The U.S. dollar weakened in early European trade Thursday, retreating from a two-year high as the rally in U.S. bond yields paused for breath, ahead of a highly-anticipated European Central Bank meeting. The benchmark 10-year Treasury yield traded at 2.684% early Thursday, retreating from Tuesday's high of 2.836% as weaker than expected U.S. core consumer inflation reined in some expectations of more aggressive Federal Reserve tightening to combat inflation later in the year. Still, most attention Thursday will be on the European Central Bank meeting later in the day, to see whether the policymakers feel the need to combat record inflation levels even in the face of a potential war-induced recession. As it stands the ECB plans to end its emergency bond buying at some point in the third quarter, with interest rates going up "some time" after that. This would be the fourth meeting in a row that the central bank has decided against raising interest rates after, under pressure from President Recep Tayyip Erdogan, it halted a series of rate cuts at the end of last year.To get more news about kot4x, you can visit wikifx.com official website.
The dollar lost ground against most major peers on Thursday, falling from two year peak hit overnight, as U.S. yields paused their march higher after U.S data released earlier in the week showed inflation lower than some analysts had feared. Even the battered yen had some respite, making a small recovery from a 20-year low hit overnight, though analysts reckoned the yen's tone remained weak. Otherwise, investors were awaiting a European Central Bank meeting later in the day, to see whether it was as hawkish as some of its global peers, after a spate of rate increases in recent days. However, while high, these were not quite as bad as some had feared, which observers said caused yields to pause. Other central banks reinforced the hawkish global mood ahead of the ECB meeting. Earlier in the day, the Bank of Korea, surprised markets with a rate hike, and the Monetary Authority of Singapore also tightened policy. The pause in yields meant the Japanese yen managed a small recovery in U.S. trade which continued into early Asia. It was last at 125.37 per dollar, having fallen to a 20 year low of 126.31 on Wednesday. More than three-quarters of Japanese firms say the yen has declined to point of being detrimental to their business, a Reuters poll found, with almost half of companies expecting a hit to earnings.
Gold was down on Thursday morning in Asia. However, the yellow metal was set for a second consecutive weekly gain as the war in Ukraine and broadening inflationary pressures give the safe-haven metal a boost. The benchmark 10-year Treasury yield fell on Wednesday, following steady gains earlier in the month as investors bet that the U.S. Federal Reserve would aggressively tighten monetary policy to curb high inflation. In Asia Pacific, the People's Bank of China (PBOC) is expected to cut the one-year policy loans interest rate on Friday, its second time doing so in 2022 to date. PBOC is also expected to lower the reserve requirement ratio soon The Bank of Korea hiked its interest rate to 1.5% as it handed down its latest policy decision. Investors now await the European Central Bank's policy decision, due later in the day. Meanwhile, the war in Ukraine, ongoing since the Russian invasion on Feb. 24, continues. The U.S. on Wednesday said that it would send an additional $800 million in military assistance to Ukraine, ahead of the widely expected Russian attack on the eastern part of the country.
Oil prices slipped on Thursday amid thin trading volumes ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Both contracts on Wednesday had shrugged off a large build in U.S. crude inventories to end the trading session roughly 4% higher The International Energy Agency on Wednesday warned that from May onwards roughly 3 million barrels per day of Russian oil could be shut-in due to sanctions or voluntary embargoes At the same time, major global trading houses are also planning to curtail crude and fuel purchases from Russia's state-controlled oil companies in May, Reuters reported on Wednesday. The probability of a EU ban on Russian oil being agreed may be almost zero, but no one will be able or wanting to say that clearly, Vandana Hari, founder of oil market analysis provider Vanda (NASDAQ:VNDA) Insights said. Despite signals that global supply disruption will persist, oil stocks in the U.S. rose by more than 9 million barrels last week, the U.S. Energy Information Administration said on Wednesday, driven in part by releases from the nation's strategic reserves. Analysts in a Reuters poll had anticipated just an 863,000-barrel build. U.S. gasoline stocks fell 3.6 million barrels last week, far above anticipated levels, and distillate inventories also declined.

This week so far has definitely been about the USD. Price has seen solid gains so far, with the index adding 0.98% and hitting a new weekly high of 99.65.To get more news about fusion markets, you can visit wikifx.com official website.

Inflation worries in the US, followed by aggressive comments from the Fed regarding rate increases to combat soaring inflation, have been the key driver. US inflation hit40-yearadjustment to try and get it under control. Inflation is now a widespread issue, with Europe, Britain and Australia feeling the pinch.

Today we are focusing on the USDCAD as a higher USD, and weaker oil prices continue to support buying. The price broke out of its mini range yesterday, and buyers have followed up on the break with new weekly highs today. Today's move also confirms the breakout. Price started its move from a solid-looking foundation after forming a range off a well-established support area.

Looking forward, if this is a true move higher, we would like to see if buyers can get the price back up to 1.2626. This area is a previous low and could develop into resistance. What we don't want to see is a new move by sellers pushing price back into the range or back down to support. This could become a failure break and set up new downward pressure.
The information provided here has been prepared by Eightcap's team of analysts. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and do not reflect the opinions of Eightcap.

Today we're looking at AUDUSD after the price failed once again to hold above .75 cents. The newest rejection also lines up with key resistance that also continues to hold buyers at bay.

Price failed at 75 cents for a fifth time today, reinforcing the current supply area. Above this area, we also have key resistance at 7540-7540. This level has been in play since July 2021, and for now, it is proving to be a significant sticking point blocking buyer's momentum. Today, sellers so far hold control, and the AUD has led the losses out of the three primary risk majors, dropping 0.50% to today's low.

Price, for now, is setting up a new consolidation pattern with support seen at 7465. This is the area sellers need to break to get a new leg going. A move through this level could set up a new pushback into areas between support and the main trend line retracement point of view, with the idea buyers will look at regaining control. It's the next move that matters as if they can't reach/break supply and resistance. This could be early signs a more significant shift in momentum is developing.

Traders will be watching tomorrow's US employment data as this could impact the USD and, in turn, impact the AUDUSD. The data is due Friday at 11:30 pm AEDT.

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Today we're looking at the GBPUSD as buyers continue to hold firm and now only face one level of resistance both they can get the new uptrend back on track.

We've seen recently that fair ups support the USD, and any new escalations could drive the USD higher, which would hurt the GBPUSD. T-note yields are another constant factor, but yields have settled for now. However, new highs could once again break risk pairs, including the GBPUSD.

US inflation and UK inflation
US inflation and rate rises could be factored in unless we see a new spike. The minutes didn't do much to drive the USD this week, while a recent increase in UK inflation supported the GBP yesterday, giving the GBPUSD a nice boost in Wednesday's session.

Let's look at some of the technicals we're watching on the GBPUSD chart with that in mind. For now, we see the price stuck in consolidation with support and resistance currently holding the price. Overall we can see two new uptrends in play in short and medium times. Price also sits above all three moving averages, and the short term MAs are trading above the 86 MA.

While support remains firm, we will continue to look for buyers to push at a new continuation. The key to this is a break above the two resistance points. This could confirm a new breakout and suggest that the medium-term trend could continue. A break below support and a move back to the new Med-trend would be a small warning sign, and further evidence would be required before thinking that the trend will continue.

Fruit is good for you, right? It's packed with a ton of the vitamins and minerals your body needs to fight infections and inflammation, plus grow healthy bones, cells, and skin. The American Heart Association recommends that adults get about four servings of fruit per day, and that includes ¼ cup of fruit juice as one possible way to meet that goal. That doesn't mean you get a free pass to drink whatever juice you please. There are healthy juice brands, and there are store-bought juices you should avoid. We're here to show you which is which.To get more news about Pomegranate sheller, you can visit hl-juicer.com official website.

If you turn over your favorite brand of orange or cranberry juice to inspect the label, you might be surprised to find it's loaded with more than vitamins and minerals—it's probably sky-high in sugar, artificial sweeteners, and sodium, too.

When you eat an apple, you're eating one apple, but when you drink 12 ounces of apple juice, you're drinking the sugar of about four to six apples," says Barbie Boules, RDN, founder of Barbie Boules Longevity Nutrition, Inc. "Even though it's naturally occurring, that's way too much sugar."

What's more, says Boules, there's usually little to no fiber in fruit juices to slow down the absorption of the sugar. This digestion-slowing, belly-filling macronutrient is key when it comes to minimizing spikes in blood sugar and keeping your energy levels from tanking soon after you finish sipping a glass.

"The naturally occurring sugar in a whole piece of fruit should not be compared to a bottle of juice or refined sugar," she says. "The fiber and a symphony of other nutrients and goodies [found in fruit] can be lost in processing."

Now you know you should always pick an apple over a bottle of apple juice when given the choice, but does that mean that all fruit juice is terrible for you? No, but you have to be cautious: because juices are often touted as a health food, it makes them dangerously misleading. Studies have shown that when people perceive food as healthier, we tend to eat—or drink—more of it.

That said, some juices are lower in sugar than others and can be a smart option (in moderation!) when you need to increase your intake of fruit. Here's how to figure out which brands are healthy and which are only pretending to be good for you.The bad news is that you can't just grab any old bottle of juice off the supermarket shelf if you want to avoid a sugar crash. Even brands that use lingo like "all natural" and "no sugar added" can have astronomical amounts of sugar per serving because of the concentration of fruit sugars found in each bottle.

1. Tropicana Pure Premium Vitamin C + Zinc
No matter what time of year it is, your immune system could probably use a boost. Gorin suggests drinking Tropicana's fortified OJ, which is 100 percent orange juice with additional vitamin C and zinc. One caveat: Gorin says to cap this juice at one serving per day so you don't overdo it on the zinc (per the NIH Office of Dietary Supplements, ingesting too much zinc can cause GI distress and lower levels of good cholesterol).

Bolthouse Farms 100 percent Organic Carrot Juice
Opting for a juice made from vegetables, not fruit, can be a good way to quickly find a product lower in sugar than other options. Though Boules didn't recommend any specific brand, she did say that the more vegetable-based (as opposed to all-fruit based) a juice is, the lower in sugar it's likely to be.

3. Beet It
If you've never heard of beet juice, you're probably not an athlete: Palinski-Wade says beet juice provides your body with a source of nitrates that are converted in your body to nitric acid, quickly bringing oxygen to your muscles.

4. Sunsweet Amaz!n Prune Juice
"With the only ingredient being prune juice, each serving provides three grams of fiber to help support digestive health," says Palinski-Wade, who adds that this juice also provides a source of five essential vitamins and minerals, including a good source of potassium. With stats like that, it just might be worth getting used to drinking Grandma's favorite.