Dollar Surges after NFP, Breaking Out Against Euro
Dollar rises in early US session after better than expected employment data. It’s now attempting a breakout against Euro. Canadian Dollar is also firmer after job data. On the other hand, Sterling remains one of the weakest for the week,...
BoE Sinks Pound, Roils Bond Markets, All Eyes Now On NFP
BoE shocks markets by not raising rates as expected, pound crashes below $1.35 Bond yields slump globally as central banks push back on investors’ rate hike pricings Dollar stands tall, Wall Street at a record ahead of October payrolls report...
GBPUSD Rocked As BoE Alters Decision To Hike Rate
GBPUSD plummeted to a one-month low of 1.3470 yesterday, after the Bank of England’s Monetary Policy Committee (MPC) voted to continue with its existing programme of UK government bond purchases, and to keep the bank rate unchanged at 0.1%. The...
Two Trades To Watch: Gold, EUR/USD
Gold eyes 1800 ahead of NFP After a slew of less hawkish than expected central bank meetings this week. Gold is charging higher. Gold rallied over $30 yesterday after the Fed pushed back on an interest rate hike and the...
GBP/USD Outlook: Cable Continues To Travel South After BoE Disappointed Expectations For Rate Hike
Cable remains firmly in red and extends weakness below the 1.3500 mark, following a massive fall on Thursday (down 1.35%, the biggest one-day drop since 18 Mar 2020), sparked by BoE disappointment. The Bank of England kept rates unchanged on...
EUR/USD Pair Is Currently Correcting Losses From The 1.1530 Low
The Euro started a fresh decline from well above 1.1600 against the US Dollar. The EUR/USD pair traded below the 1.1580 support to move into a bearish zone. The pair even settled below the 1.1580 level and the 50 hourly...
Higher inflation may be ‘more entrenched’ than transitory, CEO of major Asian bank says
SINGAPORE — There are signs that higher prices will become “more entrenched” and harder to reverse, according to the chief executive of Singapore’s largest bank. “You’re beginning to see more entrenched inflation coming through,” Piyush Gupta, CEO of DBS...
Yen and Franc Strong on Falling Global Yields, Dollar Looks into NFP
Yen and Swiss Franc are currently the strongest ones for the week and remain generally firm. Falling global benchmark treasury yields seem to be supporting both “safe-haven” currencies. Germany 10-year bund yield is back below -0.22, UK 10-year gilt yield...
Stocks making the biggest moves midday: Moderna, Nvidia, Etsy and more
Medical syringe is seen with Moderna company logo displayed on a screen in the background in this illustration photo taken in Poland. Jakub Porzycki | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Moderna — Moderna...
Market Disappointed at BOE Left Bank at Historic Low. Downgraded Growth Forecast
We were surprised that the Committee voted with overwhelming majority to leave the Bank rate at 0.1%. Despite Governor Andrew Bailey’s hawkish comments ahead of the meeting, the was one of those who voted to leave the policy rate unchanged....
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