Euro Drifting after FOMC Stays Dovish
The euro is almost unchanged in the Thursday session. Currently, EUR/USD is trading at 1.1880, up 0.07% on the day. The euro was red-hot early in the week, as EUR/USD posted gains of close to 1.0 percent and pushed above...
US: Jobless Claims Increasingly an Outlier
Summary The second consecutive increase in weekly claims to 744K and the modest increase in the four-week average stand in contrast to nearly all other reads on the labor market at present, which point to the recovery progressing. One of...
EUR/USD at Key Inflection Point
Traders need to consider when the “pricing in” of the vaccine has reached its peak The theme driving the Euro this week has been one optimism. After months of lockdowns and restrictions (including April), traders viewed the message from the...
USD/JPY Extends Correction Lower, Dragging Down Other Yen Crosses
USD/JPY’s near term correction accelerates lower today and the development drags down other Yen crosses too. There is no apparent reason for the rush into Yen. Stocks, yields, metals, and oil are all steady for now. We’ll monitor if the...
USD/JPY Extends Correction Lower, Dragging Down Other Yen Crosses
USD/JPY’s near term correction accelerates lower today and the development drags down other Yen crosses too. There is no apparent reason for the rush into Yen. Stocks, yields, metals, and oil are all steady for now. We’ll monitor if the...
US: Funding Measures Include Raising The Corporate Tax Rate To 28%
Markets Minutes of the previous FOMC meeting showed that participants think that it would likely be some time until substantial further progress toward the committee’s maximum-employment and price-stability goals would be realised and that, consistent with the committee’s outcome-based guidance,...
Fed Upbeat on Recovery, while Pledged to Maintain Stimulus Until Substantial Progress is Seen On Economy
The FOMC minutes for the March meeting revealed that members turned more optimistic over the economic outlook. They were more hopeful of continuous improvement in light of the “significant declines in the number of new [coronavirus] cases, hospitalizations, and deaths...
Market Morning Briefing: Aussie Is Likely To Trade Within 0.7550-0.77 In The Near Term
STOCKS Dow remains stable below 33500 and has to fall below 33000 in order to strengthen the case of seeing the fall to 32000-31000 that we have been expecting. DAX seems to lack momentum and can come under pressure if...
Euro Making Progress as Focus Turns to ECB Accounts
Markets are generally mixed as FOMC minutes overnight delivered basically what have be told. Asian stocks are mixed, following the US session. Gold and oil are both stuck in range. In the currency markets, Euro and Swiss Franc are paring...
Op-ed: Boost to tech stocks will not last, and more pain is ahead
Investors should be able to take advantage of bullish momentum in tech stocks for at least the next couple of months. In my last post on the subject on Feb. 4, the takeaway was “tech’s reign of relative dominance has...
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