USD/TRY Outlook: USD/TRY Hits New Record High On Fears That The CBRT Would Cut Rates Again Next Week
The USDTRY rose through 9.00 barrier and hit new all-time high on Tuesday. Lira remains under pressure which increased on fears that Turkish central bank would make another rate cut in the policy meeting, scheduled next week, after the CBRT...
Focus Turns to UK and Germany Data, as Yen Pares Loss
The forex markets turn into consolidative mode in Asian session. Yen recovers mildly, digesting the recent steep selloff. But there is no clear sign of bottoming in the Japanese currency yet. Commodity currencies are also retreating mildly, following some mild...
JPMorgan’s Dimon says supply-chain hiccups will soon ease, points to extraordinary consumer demand
JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images Global supply-chain hiccups caused by the coronavirus...
Pound Edges Higher on BOE, Job Data Next
The British pound has started the week with modest gains. GBP/USD is currently trading at 1.3636, up 0.16% on the day. In the US, a highly-anticipated nonfarm payrolls report proved to be a major disappointment. The economy added just 194...
Jitters Remain at the Start of the Week
Stock markets have started the week a little mixed, as nerves persist around the large list of downside risks for the global economy. While the focus recently has shifted from Evergrande to the energy crisis, it’s arguably the slightly lesser...
Yen Stays Pressured, Euro Sluggish on ECB Comments
Overall outlook in the financial market is unchanged, with Yen selloff as the main theme, as major global treasury yields continue to march higher. Euro is second weakest after ECB officials talked down the threat of inflation. Australian Dollar is...
Euro Effectively Recovering
Early in a week, the major currency pair is growing; the asset is trading at 1.1585 and may gain even more weight. The “greenback” dropped a bit after the USA reported on its labour market for September. For example, the...
GBP/USD Outlook: Hawkish Comments On Rate Expectations Lift Pound But Bulls Need More Momentum
Cable jumped to the new two-week high (1.3673) in early Monday’s trading, lifted by hawkish comments from UK policymakers regarding earlier than expected rate hike, but gains were so far short-lived. Fresh attempts to break above recent congestion and clear...
Dollar Index (DXY) Has Reached Inflection Area
Since bottoming earlier this year, US Dollar has steadily caught a bid. One of the primary reasons for the USD strength is because of the expectation that the Fed will start tapering later this year. The Fed has communicated their...
USDJPY Bullish Momentum Gains Steam After NFP Data
US stock futures were little changed in early trading as investors wait for the upcoming earnings season that kicks off this week. Companies that will publish their results this week include the Bank of America, JP Morgan, Blackrock, and Citigroup....
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