Pace Of US CPI Inflation To Test Dollar Bulls
While the Fed has distinctly stated that a potential shift in monetary tightening is strictly conditional on whether the US labor market will make significant progress, US CPI inflation figures could still be worth watching on Wednesday at 12:30 GMT....
Dollar Extended Rally Tapering Talks, Staying Firm
Dollar’s rally continued last week as supported by hawkish comments from Fed officials. Expectations for tapering this fall continued to build up. Swiss Franc is trading broadly lower, as the pull back against Euro accelerated. Meanwhile, Australian is also trading...
Equity Indices Are Generally Off Of The Best Levels
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Market Morning Briefing: Dollar Index Has Risen To Test 93
STOCKS Dow has to sustain above 35000 to keep the chances alive of breaking above 35250. Else a fall is possible. DAX seems to lack strength to break above 15800 and can retain its 15200-15800 range for some more time....
Market may be in the ‘biggest bubble of my career,’ all-star investor Rich Bernstein warns
An Institutional Investor Hall of Famer sees an urgent need for investors in some of the most popular trades to diversify. Rich Bernstein, who has spent decades on Wall Street, is waving the red flag on long-duration assets ranging from...
Job openings surge above 10 million for first time ever, Labor Department says
The number of job openings in the U.S. economy jumped to more than 10 million in June, the highest on record, as the U.S. labor market continues a choppy recovery from last year’s economic shutdowns, the Labor Department said Monday....
EURUSD – An Uninspiring Breakout
Running out of steam? What a week it’s been for the dollar. Since last week’s poor ADP we’ve had strong ISM data, hawkish Fed commentary and, finally, a knockout jobs report. Suddenly, it feels that a tapering announcement is almost...
AUDUSD Finds Support but Outlook Still Bearish
AUDUSD gained some positive traction after steadying in the well-established 0.7335 support region following Friday’s sharp selloff. The price is currently moving higher and the stochastics are also pointing up, suggesting there could be further moderate gains in the coming...
Dollar Digesting Gains Awaiting Fed Speaks, Markets Turned Mixed
Overall markets are mixed today, as Dollar is digesting some of last week’s gains, awaiting more guidance from FOMC members regarding tapering. New Zealand and Canadian Dollar are the stronger ones for now. But Australian Dollar is among the weakest...
AUD/USD Pair Started a Fresh Decline from 0.7420
The Aussie Dollar failed to clear the 0.7420 resistance zone against the US Dollar. The AUD/USD pair started a fresh decline and it broke the 0.7400 support zone. There was also a break below the key 0.7375 support level and...
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