Month: August 2021
EU CPI Surprises. Hawks Come Out!
Earlier today, the EU released its Flash CPI data for August. The YoY print was 3% vs 2.7% expected and 2.2% in July. This is the highest reading in nearly 10 years! Just as with much of the rest of the developed world, rising inflation stemmed from strong demand and supply chain issues as economies …
Gold – Can the Rally Continue?
Facing resistance around $1,833 Gold was given a helping hand by Jerome Powell and the Fed on Friday when they signalled that they can be patient on tapering and that it is not linked to interest rates. The comments brought US yields and the dollar lower and triggered a rally in gold which generally does …
Euro Rises on Inflation, ECB Talks, and German Yield
Euro jumps notably today, as supported by highest inflation reading in a decade, and hawkish comments from an ECB official, as well as rise in German yields. Though, it’s slightly outshone by Kiwi, Aussie and Swiss Franc for now. On the other hand, Dollar’s selloff continues to pick up momentum and even dips against Yen. …
Euro Rises on Inflation, ECB Talks, and German YieldRead More
Stocks making the biggest moves in the premarket: Zoom Video, Robinhood, Designer Brands and more
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly earnings of $1.36 per share, 20 cents a share above estimates. Revenue also beat forecasts and topped $1 billion for the first time. Growth rates have slowed from the meteoric levels seen as the pandemic began …
August Inflation Accelerates In Euro Area
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AUDUSD Aims To Hold Above 20-SMA, Short-Term Bias Bullish
AUDUSD looks determined to stay above its 20-day simple moving average (SMA) and the 23.6% Fibonacci level of the 0.7890 – 0.7105 downleg at 0.7290 after barely closing above that line in the past two sessions, with the price gearing up to a two-week high of 0.7340 early on Tuesday. While the Stochastics are already …
AUDUSD Aims To Hold Above 20-SMA, Short-Term Bias BullishRead More
Currency Pair Of The Week: AUD/USD Testing Resistance Ahead Of Key Data Releases
As my colleague Tony Sycamore noted earlier today, Australian traders will be closely monitoring the release of the country’s Q2 GDP report. Although the data precedes the ongoing lockdowns in Sydney and Victoria, it “…is expected to garner serious media attention because a heavy contraction in GDP in Q3 is already guaranteed due to lockdowns.” …
Currency Pair Of The Week: AUD/USD Testing Resistance Ahead Of Key Data ReleasesRead More
