Yen Drifting ahead of BoJ Minutes
The Japanese yen has started the week on a flat note. Currently, USD/JPY is trading at 103.82, up 0.05% on the day. BoJ minutes in focus The Bank of Japan will release the minutes of the December policy meeting later...
Euro Lost Upside Momentum While Stocks Pull Back after German Ifo
As European stocks turned south after initial trading, US futures also also dragged down. Overall market sentiments turned mixed after a bright start in Asia. Dollar is recovering mildly but commodity currencies remain the strongest one so far, as led...
AUDUSD Threatening Further Downside Pressure
AUDUSD remains biased to the downside in the new week. On the downside, support comes in at the 1.7650 level. A cut through here will turn focus to the 0.7600 level and then the 0.7550 level. A violation will set...
EUR/USD Remains Below 1.2180
Since Friday, the EUR/USD currency pair has been testing the resistance level at 1.2180. It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 1.2140/1.2160 range....
An Instant Gratification Retreat
US dollar rises, equities ease Whether the end of last week was a bit slow news-wise, an inauguration comedown, or just investors reducing risk exposure in their portfolios, financial markets limped across the finish line. Stocks and commodities eased, and...
EURUSD 1.2200 Possible
The euro currency has started the new trading week with a positive tone against the US dollar, following a solid weekly price close. Technical analysis highlights that the 1.2200 level remains achievable while bulls continue to defend the 1.2170 support...
Asia Opens in Risk On Mode, New Zealand Dollar Outperforms
It’s the same old story as Asian markets open in risk-on mode. Commodity currencies strengthen broadly, but led by New Zealand Dollar this time. On the other hand, Swiss Franc, Yen and Dollar are the weaker ones, while Euro and...
Stock futures jump ahead of the busiest week of earnings
U.S. stock index futures rose in overnight trading on Sunday, as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies. Futures contracts tied to the Dow Jones Industrial Average...
FOMC Preview – Cautious about Economic Weakness but Fiscal Stimulus should lend Support
The FOMC meeting in the coming week will not bring any change in the monetary policy. Economic activities have moderated since the December meeting, while resurgence in the coronavirus cases could hurt economic activities more seriously than previously expected. Yet,...
Biden claims his $1.9 trillion Covid relief plan will cut child poverty in half — here’s how
Jim Lo Scalzo-Pool/Getty Images President Joe Biden in a speech last week said his $1.9 trillion Covid relief plan would lift 5 million kids from the ranks of the poor and cut the child poverty rate in half. That would...
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