Swissie Dips as KOF Barometer Slides
The Swiss franc has lost ground in the Monday session. USD/CHF is currently trading at 0.9159, up o.52%. The Swissie has rebounded after a losing week, the first in a month. KOF Economic Barometer In Switzerland, the well-respected KOF Economic...
Eurozone inflation to spike but ECB seen staying the course
The flash inflation estimates for August are due out of the Eurozone on Tuesday at 0900 GMT. The headline rate is expected to jump to a near-decade high. But this is unlikely to speed up policy normalization plans at the...
GBP/USD Outlook: Bulls Lose Traction on Approach to the Base of Thick Daily Cloud
Bulls started to lose steam on Monday after last week’s nearly 1% advance, facing strong headwinds from the base of thick daily cloud (1.3760). Although the price action is holding near the top of multi-day congestion, cable is lacking strength...
Swiss Franc Dips in Mixed, Quiet Markets, Awaiting Dollar’s Next Move
Selling of Swiss Franc is somewhat the biggest theme in a very quiet day so far, with UK on holiday. On the other hand, some buying is picking up in Canadian Dollar. But overall, markets are mixed without a clear...
Gold Outlook: Price Even broke $1,810 Level to Move into a Positive Zone
Gold price started a fresh increase above the $1,800 resistance zone against the US Dollar. The price even broke the $1,810 level to move into a positive zone. There was a spike above the $1,820 level and the price settled...
USD/JPY Slightly Softer in Subdued Trading, Look Forward to NFP
Trading is relatively subdued in Asian session today with most major pairs and crosses staying inside Friday’s range. Some additional pressure is seen in USD/JPY but loss is so far limited. Markets seemed to have well digested Fed Chair Jerome...
EUR/USD Breaks 1.1800 To Start Recovery
Key Highlights EUR/USD started an upside correction above 1.1750 and 1.1800. It broke a major bearish trend line with resistance near 1.1725 on the 4-hours chart. GBP/USD is still struggling to clear the 1.3800 resistance zone. The Euro Zone Consumer...
Stock futures are flat as S&P 500 and Nasdaq sit at a record
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures were steady in overnight trading on Sunday as...
Stocks at New Record, Dollar Plummeted, Aussie Turning Around
Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium didn’t disappoint. He did what the markets expected, affirming the openness for beginning tapering this year, without indicating the need for an imminent start. Just as Philadelphia Fed President Patrick...
Weekly Economic & Financial Commentary: Powell Keeps an Open Mind to Tapering
Summary United States: Output Continues to Ramp Up as COVID Surges Higher Output continues to ramp up across the U.S., even as the resurgence in COVID cases is leading to some pullback in consumer engagement. The need to rebuild inventories...