Day: February 14, 2022
Pound Dips as Employment Data Looms
The pound is down at the start of the week, ahead of the January data report on Tuesday. In the European session, GBP/USD is trading at 1.3551, down 0.31% on the day. It’s a busy week in the UK, which will release inflation data on Wednesday and retail sales on Thursday. The UK labour market …
EUR/USD Consolidates in Mid-February
The major currency pair is consolidating in mid-February. On Monday, 14 February 2022, the asset is trading at 1.1340. Investors are still impressed by the January inflation data from the US. The CPI showed 7.5% y/y – the reading no one has seen in over 40 years. Inflation higher than expected gives the US Fed …
Fed’s Bullard says the central bank’s ‘credibility is on the line,’ needs to ‘front-load’ rate hikes
St. Louis Federal Reserve President James Bullard made his case for a rapid move higher in interest rates, saying Monday that the central bank needs to react to accelerating inflation. “I do think we need to front-load more of our planned removal of accommodation than we would have previously. We’ve been surprised to the upside …
Yen Takes a Breather after Lavrov Comments, Dollar Firm
While risk aversion still dominates, sentiments appeared to be lifted by comments from Russian Foreign Minister Sergei Lavrov. In a televised exchanged, Lavrov told President Vladimir Putin, “I must say there are always chances… It seems to me that our possibilities are far from exhausted… At this stage, I would suggest continuing and building them …
Yen Takes a Breather after Lavrov Comments, Dollar FirmRead More
NZDUSD Elliott Wave : Selling The Rallies At The Blue Box
In this technical blog we’re going to take a quick look at the Elliott Wave charts of NZDUSD. The pair has reached extremes in the cycle from the February 2021 peak. However cycle from the October 21st 2021 peak still shows incomplete sequences. Besides that, AUDUSD and USDCAD still have not reached their extremes in …
NZDUSD Elliott Wave : Selling The Rallies At The Blue BoxRead More
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