New! Intraday Market Analysis – US dollar Recoups Losses
NZDUSD breaks support The New Zealand dollar tumbles against its US counterpart amid soaring Treasury yields. The pair is looking to consolidate its recent gains after it rallied above the 30-day moving average (0.6820). The December high at 0.6860 is...
New! US Stocks Storm Higher and Dollar Rebounds as 2022
Dollar recoups losses; Euro and cyclicals retreat The dollar ticked higher against most of its major rivals today, supported by the surging US Treasury yields, despite the risk-on sentiment in the first trading session of 2022. However, no major moves are expected in the forex spectrum...
Dollar and Stocks Advance as New Year Kicks Off
Dollar begins year on front foot, equities hover near highs Omicron, inflation, central banks, and politics in the spotlight Quiet day ahead but rest of the week seems promising Dollar advances in thin markets Happy new year to everyone. The...
Technical Outlook and Review
DXY: On the H4, prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our 1st resistance at 95.927 in line with 23.6% Fibonacci retracement and 38.2% Fibonacci retracement towards our...
Leading Banks Forecast for 2022: JPY, GBP, CAD, AUD, CHF, SEK, CNH
We talked a week ago about what experts from the world’s leading banks and agencies think about the behavior of the EUR/USD pair in the coming 2022. And the fact that we paid attention to it in the first place...
Week Ahead: Omicron, OPEC+, and NFP to Start the New Year
Happy New Year! As we change the calendars from 2021 to 2022, many of the same themes will continue, including rising inflation and the coronavirus. Although we do have a few inflation data points this week (several CPI releases and...
FDIC chair intends to resign in February, giving Biden more say over bank regulation
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al Drago | Bloomberg | Getty Images Jelena McWilliams, the head...
S&P 500 ends 2021 with a nearly 27% gain, but dips in final trading day
U.S. stocks finished their final trading session of the year lower, capping off a record-setting 2021 that came despite the persistent headwinds of Covid-19. The Dow Jones Industrial Average on Friday fell 59.78 points, or 0.16%, to 36,338.30. The S&P...
Stocks making the biggest moves midday: Pfizer, Peloton, Carnival and more
Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters Check out the companies making headlines in midday trading....