USD/CHF Starts Corrective Decrease, Dollar Facing Hurdles
Key Highlights USD/CHF traded as high as 0.9375 before correcting lower. There was a break below a key bullish trend line with support at 0.9315 on the 4-hours chart. EUR/USD and GBP/USD consolidating above major support levels. The US Consumer...
The SEC says never invest in a SPAC based solely on a celebrity’s involvement
The headquarters of the US Securities and Exchange Commission (SEC) is seen in Washington, DC, January 28, 2021. Saul Loeb | AFP | Getty Images The Securities and Exchange Commission on Wednesday issued a warning against special purpose acquisition companies...
Will the ECB Fight Rising Yields?
The European Central Bank (ECB) will wrap up its policy meeting at 12:45 GMT Thursday. Some senior policymakers have been vocal about fighting the rise in bond yields, but it is probably too early for that. If the ECB takes...
AUD/USD: Firm Break above 55DMA to Signal Fresh Recovery
The Australian dollar gained traction after soft US inflation data and probing above the top of near-term congestion, limited by 55DMA (0.7720). Fresh recovery attempts after repeated failures to clearly break into rising daily cloud (the action was contained by...
Shady US CPI Data; 10 Year Auction and ECB ahead
The highly anticipated CPI data for February was released earlier today, and the core data was slightly worse than expected. The headline CPI print for the more closely watched YoY rate was in line at 1.7% vs 1.4% in January. ...
Shady US CPI Data; 10 Year Auction and ECB ahead
The highly anticipated CPI data for February was released earlier today, and the core data was slightly worse than expected. The headline CPI print for the more closely watched YoY rate was in line at 1.7% vs 1.4% in January. ...
Range Trading Continues as US 10-Year Auctions Awaited
The markets are rather quiet so far today with slow news flow. Major currency pairs and crosses are stuck inside yesterday’s range, in consolidative trading. Other markets are also mixed, with some hope for DOW to hit new records, but...
Range Trading Continues as US 10-Year Auctions Awaited
The markets are rather quiet so far today with slow news flow. Major currency pairs and crosses are stuck inside yesterday’s range, in consolidative trading. Other markets are also mixed, with some hope for DOW to hit new records, but...
Mortgage refinance demand plunges 43% from a year ago, as higher interest rates take their toll on borrowers
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images The recent sharp rise in interest rates is now taking a toll on...
EUR/USD Finds Resistance In 1.1915
Despite passing the resistance of the 1.1900 mark, the EUR/USD did not book large gains. The 1.1915 level provided resistance and stopped the rate’s surge. It was spotted on Wednesday that this level provided both support and resistance to the...
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