Forex News June 23, 2022
US futures US futures are rising, but broader optimism is still lacking.S&P 500 futures are up 7 points, or 0.2 percent, on the day.The earlier sell-off followed dreadful PMI readings from France and Germany, with S&P 500 futures down 28…
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Bitcoin, Ethereum, Ripple
Bitcoin price is showing signs of exhaustion as it reverses its three-day bullish trend. As a result, Ethereum, Ripple, and other altcoins have taken a step back. Investors can expect this minor retracement to develop into a foothold that bulls…
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Hedging Strategy Review
Companies are rethinking their hedging strategies in light of the strong US dollar, which is undermining the value of foreign earnings. The WSJ Dollar Index, which measures the performance of the US currency against 16 others, is up more than…
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Forex News June 22, 2022
Oil Oil continues to fall, now down more than 4% on the day WTI crude falls below $105 It's not looking good for oil today, as the price is dropping. There is no single cause, but a combination of factors,…
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‘Perfect storm’ for airlines
Oil prices and the US dollar typically have an inverse relationship, so when one is high, the other is low, which helps to balance the financial impact on airlines that operate in other currencies. That correlation, however, has broken down…
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