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Day: December 17, 2021

The Weekly Bottom Line: Slaying the Inflation Dragon

U.S. Highlights Evidence of accelerating price pressures continued to trickle in this week. Producer prices accelerated to 9.6% year-on-year in November. This was accompanied by an elevated share of small businesses raising prices (+6 points to 59%). After a strong gain of 1.8% in October, U.S. retail sales growth slowed to 0.3% (month-to-month) in November. …

The Weekly Bottom Line: Slaying the Inflation DragonRead More

Weekly Focus – Central Banks Choose the Hawkish Path

Central banks were in the spotlight this week, and the general outcome was on the hawkish side. The Federal Reserve brought its forward guidance more in line with what markets and analysts had already been expecting, signalling an end to the QE purchases already by March and the updated ‘dots’ pointing towards three rate hikes …

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Week Ahead – With the Central Bank Mayhem Out of the Day, the Festive Wind Down Begins

After a super exciting week, things will wind down significantly in the run up to the Christmas weekend, with the biggest risk for traders likely being suffering from post-central bank blues. Out of all the meetings, the Fed’s announcement undoubtedly had the largest bearing on the markets, whipsawing the dollar. But the bumpy times may …

Week Ahead – With the Central Bank Mayhem Out of the Day, the Festive Wind Down BeginsRead More

NZDUSD Tiptoes Across 76.4% Fibonacci But Downside Risks Remain

NZDUSD has established a foothold consolidating around the 0.6734 level, which is the 76.4% Fibonacci retracement of the up leg from 0.6510 until 0.7464, after a five-week decline from the 0.7217 high. The simple moving averages (SMAs) are starting to fall, hinting that the neutral-to-bearish tone is securing an advantage. That said, the short-term oscillators …

NZDUSD Tiptoes Across 76.4% Fibonacci But Downside Risks RemainRead More

USDCAD Halts Pullback, But Bearish Jitters Still In Play

USDCAD attempted to touch its nine-month high of 1.2947 from August earlier this week, but its efforts proved fruitless, with the price drifting lower to find support around the 1.2770 level and the red Tenkan-sen line. Signals from momentum indicators are currently discouraging. The MACD is losing steam along its red signal line in the …

USDCAD Halts Pullback, But Bearish Jitters Still In PlayRead More

EUR/USD Outlook: Euro Is Firmer But Still Moving Within Extended Range

The Euro is consolidating under two-week high after being dragged by stronger pound after BoE surprise rate hike and inflated by weaker dollar post-Fed. Near-term action remains within a consolidation range above new 2021 low (1.1186) and lacking clearer direction signal, as daily studies are still mixed. Violation of key near-term barrier at 1.1379 (Fibo …

EUR/USD Outlook: Euro Is Firmer But Still Moving Within Extended RangeRead More

GBP/USD Outlook: Upbeat UK Retail Sales Data Add To Positive Post-BoE Tone

Cable is holding positive tone in early Friday following Thursday’s rally to 1.3374 (three-week high) after surprise BoE rate hike. Upbeat UK retail sales data (Nov 1.4% m/m from 1.1% in Oct and vs 0.8% f/c) provide additional support to sterling, along with UK Liberal Democrats winning a seat from PM Johnson’s party. On the …

GBP/USD Outlook: Upbeat UK Retail Sales Data Add To Positive Post-BoE ToneRead More

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