USDTRY Faces Strong Losses after 4-Month High
USDTRY shifted aggressively to the downside after spiking towards a fresh four-month high of 8.4647 earlier today. The price is trying to recoup the positive gap which was posted during the previous sessions, with the technical indicators showing a mixed behavior. The RSI is sloping...
Eurozone PMIs May Nudge Higher but Unlikely to Ease Euro’s Vaccine Pain
As Europe’s vaccine drama unfolds, the flash March PMI prints for the euro area may generate some positive headlines for the region’s struggling economy on Wednesday (09:00 GMT). The easing of certain lockdown restrictions in some countries probably led to...
Euro and Swiss Franc Mildly Higher in Mixed Markets
The financial markets are generally mixed with subdued trading today. Nikkei did had a bad day, but the selloff didn’t spread to other markets. European indices and US futures are mixed while Germany and US benchmark yields are mildly lower....
Amazon-backed Deliveroo seeks valuation of up to $12 billion in its London IPO
The Deliveroo app displayed on a smartphone screen. Thiago Prudencio | SOPA Images | LightRocket via Getty Images LONDON — British food delivery firm Deliveroo is seeking a valuation of up to £8.8 billion ($12.2 billion) in its upcoming initial...
Could US Treasuries Draw Some Support From A More Fragile Risk Environment?
Markets Markets were still looking for a post-Fed equilibrium last Friday. US yields stayed near recent peak levels, but changes were limited (5& 10y + 1.5 bps, 30y -0.5bps). German Bunds outperformed with yields easing up to 2.7 bps/3 bps...
USD/CAD Breaks Bearish Momentum
Despite an improvement in retail data, the Canadian dollar came under pressure as the price of oil tanked. The RSI divergence from last week indicated a loss of momentum in the sell-off. Then a breakout above the resistance at 1.2490...
U.S. economy is ‘on the brink’ of a complete recovery, says Richmond Fed’s Barkin
Pedestrians walk outside the New York Stock Exchange in the U.S. Daniel Acker | Bloomberg | Getty Images The U.S. economy is recovering from the Covid-19 recession, but some economic “scarring” may take a long time to heal, said Richmond...
Yen Mildly Higher While Nikkei Tumbles, SNB a Focus in the Week
Nikkei trades sharply lower today as selloff continues after BoJ decide to exclude Nikkei-linked ETF from its purchases. Though, Topix is also trading down deeply. The Japanese markets are weighed down by news that a fire-damaged automotive semiconductor plant is...
Sentiments Turned Cautious on Yields and Infections, But Stay Positive
US treasury yield jumped last week after Fed gave way to more yield strength. In the background, there were some concerns over resurgence of coronavirus infections in some countries like France, Brazil and India. There was also risk of slower...
The Fed can fight inflation, but it may come at the cost of future growth
Gas prices are displayed at a Speedway gas station on March 03, 2021 in Martinez, California. Justin Sullivan | Getty Images One of the main reasons Federal Reserve officials don’t fear inflation these days is the belief that they have...
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