Yen Selloff Continues on Strong Stocks and Yields, Sterling Lifted by Hawkish BoE Comments
Yen’s selloff continues as another week starts, backed by rebound in Asian stocks and Japanese yield. Indeed, 10-year JGB yield, currently at 0.093, is on track to 0.1 handle. Sterling is currently the strongest one, as lifted by hawkish comments...
Market Morning Briefing: USDCNY Broke Below 6.44
STOCKS Dow trades at an important juncture and needs to either sustain above 34750-35000 in order to rise to 35250+ else a fall to 33750 will hold in the coming weeks. Dax on the other hand needs to sustain above...
Stock futures edge lower to start the week
Traders work the floor of the New York Stock Exchange. NYSE Stock futures edged lower Sunday night after finishing near the flat line Friday after investors shook off concerns about a much weaker-than-expected labor market report released on Friday. Dow...
Forex and Cryptocurrency Forecast for 2022 NEW!
Currencies forecast. EUR/USD: First Down, Then Up The global economy is recovering from the effects of the COVID-19 pandemic, and this process will continue in 2022. At least. The forecast for global GDP growth of 6% is maintained this year....
Yen Crosses Followed Yields Higher Against, Loonie Rode on Oil
Yen was once again sold off broadly last week, following late rally in treasury yields despite disappointing US job report. Resilience in overall risk appetite also kept the Japanese currency pressured. Meanwhile, Euro followed as as distant second worst on...
Weekly Economic & Financial Commentary: Another Disappointing Employment Report
Summary United States: Another Disappointing Employment Report September’s disappointing employment report, which showed employers adding just 194,000 jobs, once again highlights the supply-side challenges facing the United States, as labor is in short supply and there are widespread shortages of...
The Weekly Bottom Line: Strong Jobs Report Caps Week With A Bang
U.S. Highlights This week, Congress continued to bicker over the debt limit. Fortunately, both parties were able to come to an agreement that would lift the limit temporarily, kicking the can down the road. The September employment report was underwhelming...
Week Ahead: Earnings Season Begins, China Escalations Continue, and the Jobs Report Has Past
Earnings season is always a big deal for the markets; however, this earnings season will be particularly noteworthy. As many analysts and economists feel that growth may have peaked over the summer, Q3 earnings will be closely watched for earnings...
NFP Recap: Big Miss; But Was It Really That Bad?
Non-Farm payrolls released earlier today showed that the US added +194,000 jobs to the economy for the month of September vs an estimate of +500,000. The Unemployment Rate for September dropped to 4.8% from 5.2% in August and Average Hourly...
Silver – Another Failed Breakout?
Or more to come? Are we about to see silver break out of the descending channel and bring an end to months of a downtrend? The charts suggest we probably aren’t. Silver has rallied over the last week or so but today it’s run into significant...
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