ECB Preview – Phase-Out of PEPP by March as Scheduled
The focus of this week’s ECB meeting is whether the PEPP would extend beyond March 2020 in light of the new Omicron variant and rapid increase the number of coronavirus cases across Europe since the November meeting. Recent comments from...
GOLD Reacts To US Data
The price for gold jumped on Friday due to the publication of the US employment data. The metal reached above the 50, 100 and 200-hour simple moving averages near 1,780.00. Since then, the bullion has been fluctuating between the support...
Virus Concerns And Upcoming Central Bank Meetings In Focus
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BOE Preview – Delaying Rate Hike to February 2022
We expect the BOE to stand pat at this week’s meeting. October’s GDP came in weaker than expected, and the renewed restrictive measures to curb spread of the new Omicron variant could affect household consumption and put a brake on...
Dollar and Yen Rise on Slightly Negative Sentiment, Aussie Tumbles
Dollar and Yen rise following slightly negative risk sentiment. Major Asian indexes are generally lower, following the mild pull back in US overnight. Australian Dollar is leading commodity currencies lower. European majors are mixed with Euro trading a bit firmer...
Market Morning Briefing: Euro Has Immediate Support Near 1.1255
STOCKS Most indices have fallen globally and need to bounce back from respective supports to keep the near term ranges intact. Dow and Dax have fallen and need to hold above 35000 and 15500 to move up again in the...
Mainland China reports its first omicron Covid case
Medical worker collects swab from a citizen for the COVID-19 nucleic acid test at Zhenhai District on December 7, 2021 in Ningbo, Zhejiang Province of China. Hu Xuejun | Visual China Group | Getty Images BEIJING — Mainland China reported...
EUR/USD – Consolidation ahead of Fed and ECB
Which will break first? It would seem EURUSD is in consolidation ahead of the Fed and ECB events this week. It appeared to be flirting with a breakout higher but it wasn’t long until bulls abandoned ship, ahead of the...
EUR/USD Doesn’t Care About Statistics
On Monday, 13 December, the major currency pair is trading at 1.1300. Last Friday’s statistics on the US Consumer Price Index were not surprising, although a bit unusual. The indicator skyrocketed to 6.8% y/y in November. On MoM, inflation was...
Positive Tone on Wall Street ahead of a Busy Week
Market participants are feeling optimistic at the start of the week, with major indices in Europe rising and US stocks poised to open moderately higher and near record high territory US index futures Dow futures +0.0% at 35,891 S&P futures...
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