Market Morning Briefing: Dollar-Yen Continues To Fall
STOCKS Equities seem to be lacking strength to move up strongly. Dow has come down and needs to sustain above 34000 to move up and test 34700-35000. DAX hovers around 15600 and needs to break 15800 to move higher and...
This under-the-radar trend may provide investors with relief from runaway inflation fears
A longtime market bull sees an under-the-radar trend that should calm runaway inflation fears, and it has nothing to do with Federal Reserve policy. According to The Leuthold Group’s Jim Paulsen, private money coming from individuals and companies has been...
NZD Slips, Business Confidence Next
The New Zealand dollar has started the week in negative territory. In the North American session, the pair is trading at 0.7048, down 0.27% on the day. NZD/USD climbed 1.85% on the week, its best weekly showing since November 2020....
GBPUSD: Cable Lacks Direction on Monday but Thick Daily Cloud Weighs
Monday’s Doji candle signals directionless near-term action after last week’s recovery was capped by psychological 1.40 barrier and subsequent weakness found footstep at 1.3868 (Fibo 61.8% of 1.3786/1.4001 upleg). Rising and thickening daily cloud above the price maintains strong pressure...
El-Erian says the Fed is behind on inflation and risks another recession if it is forced to catch up
Federal Reserve officials are underestimating inflation and risking that the U.S. could fall into another recession, Mohamed El-Erian, chief economic advisor at Allianz, told CNBC on Monday. Central bank leaders insist that the recent round of price pressures will subside...
UBS to let two-thirds of employees combine working from home with the office
FABRICE COFFRINI | AFP | Getty Images UBS is planning to let up to two-thirds of its employees permanently combine working remotely with being in the office, in stark contrast to some Wall Street banks. A spokesperson for the Swiss...
Dollar Buying Picking Up Momentum, Swiss Franc Softens
Dollar is pick up some upside momentum as markets enter into US session. Overall trading is rather subdued though. Economic calendar is near empty today while central bankers’ comments are largely ignored. Sterling is currently a firmer one together with...
USD/JPY Outlook: Bulls Regain Traction after Shallow Oullback, US Jobs Data Eyed for Fresh Signals
The dollar regained traction on Monday after a two-day pullback from a new three-month high (111.11) found strong bids at 110.50 (rising 10DMA) zone, with Friday’s long-tailed candle pointing to downside rejection. Bullish daily studies suggest that bulls may probe...
Quiet Start To A Busy Week For Global Markets
Most currency pairs confined to tight ranges, stocks set for new records Sterling opens a touch higher as Britain gets a new health minister Big week ahead, featuring an OPEC meeting and a US employment report Wall Street set for...
Yen Mildly Higher in Quiet Asia, Heavy Weight Data in the Week
Yen trades mildly higher in quiet Asia today, while trading is also subdued in other markets. Sterling is trying to recover some of last week’s losses, but momentum is relatively limited. On the other hand, Swiss Franc and Euro are...
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