Yen Crosses Trading Up as US Stocks Hit New Records
Yen decline continues overnight and stays soft on the back of solid risk-on markets. DOW closed just shy of 35k handle overnight, but the three major indexes ended at record highs nonetheless. Solid buying is also seen in Asia, with...
Elliott Wave View: Dow Futures (YM) Ready For New All-Time High
Short term Elliott Wave view in Dow Futures (YM) shows the rally from June 21, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from June 21 low, wave 1 ended at 34755 and pullback in...
BOC Preview – Hawkish Stance to Maintain with More Tapering
Economic developments since the June meeting suggest that BOC would still maintain an upbeat tone and taper further at this week’s meeting. Policymakers will, however, maintain the forward guidance that the first rate hike would come in 2H22. The staff...
Fed Chair Powell charged with convincing Congress this week that easy policy is still needed
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters Federal Reserve Chairman Jerome Powell is tasked...
Stocks making the biggest moves midday: Capital One, Disney, Cheesecake Factory, Expedia and more
Pedestrians wearing protective masks wait to enter a Disney store in San Francisco, California, on Wednesday, Dec. 23, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic — Shares...
Currency Pair of the Week: CAD/JPY
There are many events this week which could cause volatility in CAD/JPY including the BOC, BOJ, and US inflation data The Bank of Canada meets this week and there is one question on traders’ minds: Will the BOC continue tapering...
Yen Takes Pause after Strong Weekly Gains
The Japanese yen is slightly lower in Monday trade. In the North American session, USD/JPY is trading at 110.28, up 0.16% on the day. The yen is coming off its best week since April, as USD/JPY declined 0.81% last week...
Inflation expectations surge, hitting new high for New York Fed survey
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images Despite the Federal Reserve’s assurance that current inflation pressures won’t last, consumers see things differently, according to a survey Monday from...
USD/CAD Rebounds, Punches Above 1.25
The Canadian dollar is trading quietly in the European session. Currently, USD/CAD is trading at 1.2505, up 0.51%. Canada job data sends lifts loonie The Canadian dollar ended the week on a high note, courtesy of excellent June employment data....
Markets Lack Clear Direction, Dollar and Yen Recover in Range
Overall markets lack clear direction today. Major European indexes are mixed in tight range. DOW future is down over -100 pts at the time of writing, but NASDAQ futures are up. Dollar recover mildly together with Yen and commodity currencies...
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