Dollar Mixed after Durable Goods Miss, Aussie Leads Commodity Currencies Higher
Overall market sentiments are steady today. Commodity currencies are currently the strongest ones for today so far, as led by Aussie. Dollar is recovering despite weaker than expected durable goods orders. Euro turns after after slightly weaker than expected Germany...
Covid Weighs On Oil Prices, Gold Eyes Fed
Japan and India’s covid crisis weighs on oil Oil is being dragged lower by the deepening covid crisis in India and Japan. As the world’s third and fourth-largest importers of oil see lockdown restrictions tighten, the demand outlook for oil...
Microsoft Stock Poised For A Breakout Ahead Of Earnings
Microsoft Inc stock had its best month in almost a year, surging by 10.5% to top at a new all-time high of 261.50 on Thursday. The bullish fuel, however, seems to be running low according to the technical picture, suggesting...
GBP/JPY Trend Line Is Taken Out
The GBP/JPY has been breaking below the trend line after successfully making 1-2-3 pattern sell. Last week I saw a potential for the short. However, the shorts happened after point 3 has been printed out and now we see that...
Dollar Selloff Extends as Focus Turns to Fed, BoJ, GDP and Inflation
Dollar’s decline continues as another week starts as focus turns to Fed and BoJ, as well as a batch of important economic data. . European majors are also soft even though they managed to gain against the greenback. On the...
FOMC Preview – Fed to Deliver Upbeat Message about Economy while Affirming Substantial Progress is Needed to Taper QE
We expect the Fed to turn more upbeat over the economic outlook at this week’s meeting. Yet, the economic improvement is not yet strong enough for any change in the monetary policy measures. As such, the Fed would leave the...
Singapore’s top banks could see a boost in share prices as earnings bounce back
View of the Singapore Central Business District. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s three largest banks are expected to report improved earnings as the global economy recovers from the Covid-19 pandemic, said analysts. ...
Dollar’s Near Term Bearishness Persists, Other Currencies Mixed
Dollar ended as the worst performing one last week as near term bearishness persisted. Q1’s rebound should have completed and the main question is whether it’s ready for new lows. That is, indeed, in favor unless overall risk-off sentiments were...
Weekly Economic & Financial Commentary: Raising the Bar Even Further
U.S. Review: Raising the Bar Even Further This week’s lighter economic calendar allowed forecasters more time to assess the implications from the prior week’s blowout retail sales report. We have revised our forecast for Q1 growth up to a 5.5%...
The Weekly Bottom Line: Big Events Next Week Drive Markets
U.S. Highlights Without much noteworthy economic data this week, market sentiment soured on a leaked Biden administration proposal to raise the maximum tax rate on capital gains of high-income taxpayers. First quarter GDP data and a rate announcement from the...
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