Commodity Currencies Stay Generally Weak While Euro Could Stabilize Temporarily
Commodity currencies remain generally weak today on mixed market sentiments. On the other hand, Yen, Swiss Franc and Dollar are the strongest. Euro remains soft too, but recovery in crosses, in particular against Sterling, is limiting its downside for the...
US 500 Index Fades from Recent All-Time High of 3,831
The US 500 index (Cash) is finding a foothold in the Ichimoku cloud, on the 100-period simple moving average (SMA) at 3,756, after the index receded from its latest all-time high of 3,831 under the 50-period SMA. All climbing SMAs...
AUD/USD Outlook: Aussie Falls To Two-Week Low
The Australian dollar stays in red for the second consecutive day and falls to two-week low on Monday, weighed by fading risk sentiment and higher greenback on comments that the US does not seek weaker dollar. Fresh extension lower is...
A Cautious Start To A Busy Week
Following a solid start to the year, investors are turning more cautious as data continues to be released, corporates present their outlook for 2021, President-Elect Joe Biden sets out his economic plan, and most importantly developments around Covid-19 continue. Asian...
BTCUSD $32,000 Possible
The BTCUSD pair has come under increasing downside pressure over the weekend after bulls failed to take the number once crypto back above the $40,000 level. Technical analysis shows that the BTCUSD pair is now trapped inside a large symmetrical...
EUR/USD Pressing 1.2 Key Support as Dollar Lifted by Yellen
Dollar opens the week generally higher, as supported by comments from former Fed chair Janet Yellen. Though, at this point, Yen mildly stronger while Swiss Franc is also firm. The triple argues that there is some underlying cautiousness in investor...
BOC Preview – All Eyes on Likelihood of Micro Rate Cut
BOC is widely expected to leave its overnight rate at the effective lower bound of 0.25% in January. The size of asset purchases will also stay unchanged at CAD4B/week. Over the past month, there has been market speculations about the...
Dollar and Yen in Driving Seat While Other Markets Turned Mixed
Sterling ended the week as the best performing one. But the late selloff, and rejection by resistance against Dollar and Yen, suggest that the latter too were in the driving seat. Weakness was apparently see in Euro, New Zealand Dollar,...
Weekly Economic and Financial Commentary: Consumers Pull Back as COVID Continues to Surge
U.S. Review Consumers Pull Back as COVID Continues to Surge Retail sales fell 0.7% in December, the third straight monthly decline. Sales are still up 2.9% over the year, however. The CPI advanced 0.4% in December (1.4% over the year)....
The Weekly Bottom Line: New Year, New Stimulus
U.S. Highlights President-elect Biden unveiled a proposal for a new relief package this week. The $1.9 trillion plan includes additional one-time stimulus checks, unemployment benefit supplements and funding for state and local governments. Additional fiscal support will help bolster a...
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