Selling Turns to Euro and Swiss Franc as Risk-on Rally Returns
Commodity currencies came back to live entering into US session, with help from broad based rally in European indexes and US futures. Canadian Dollar is also lifted as WTI oil price recaptures 70 handle. Dollar turned mixed for now as...
AUD/USD Recovering Higher Towards the 0.7365 Resistance
The Aussie Dollar started a fresh decline from well above 0.7450 against the US Dollar. The AUD/USD pair even broke the 0.7400 support level to enter a bearish zone. The pair traded as low as 0.7347 and it settled below...
Greenback Gains Support Early in the Week
Early in another week of September, EUR/USD is significantly falling and trading at 1.1790. The major currency pair started moving downwards after negotiations between American and Chinese Presidents. It was their first conversation in seven months. The key topics discussed...
USD Gains A Bit Yet Ended Last Week Lower
The greenback seems to have begun the week on the front foot, as traders begin to prepare for some high impact financial releases scattered through the week, while on fundamentals, the Fed’s intentions are still considered of key importance and...
China’s booming electric car industry is much bigger than just Nio and Xpeng
SAIC-GM-Wuling Automobile Co. electric vehicles are plugged in at charging stations at a roadside parking lot in Liuzhou, China, on Monday, May 17, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — While investors watched dramatic surges in the...
EUR/USD Breaks 1.179 Support as Dollar Rebound Continues
Dollar rebound continues in Asian session today and trades generally high. Weakness in more notable in Aussie and Euro, as both turn soft in crosses. Overall risk sentiment is slightly negative, with particular deep selloff in Hong Kong stocks, but...
The Weekly Bottom Line: Holding the Helm in Stormy Waters
U.S. Highlights The economy is fighting stormy undercurrents caused by the Delta variant, but we are confident that it will stay the course. The job market will take longer to recover, but demand for workers should remain strong. Businesses remain...
Forward Guidance: Inflation Data to Take Centre Stage
Inflation reports will steal the spotlight next week, with annual Canadian price growth expected to climb to 4% in August compared to a year ago—the fastest pace since 2003. But much of that rise is from very low levels last...
Dollar Rebounded as DOW’s Selloff Posts a Warning to Risk Sentiment
Dollar ended as the strongest one last week, with some held from the late selloff in US stocks. Yen was the second strongest on risk aversion while Swiss Franc was not too far away. Commodity currencies, on the other hand,...
Week Ahead: Focus Shifts to Pricing Pressures
Country US The focus in the US shifts from the labor market to pricing pressures. Tuesday’s release of the August inflation report could move some Fed members into joining the ‘inflation is persistent’ camp. Prices that Americans pay for everyday...
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