Dollar Ignores Hawkish Fed, Yen and Loonie Surged
Strong US inflation reading and hawkish comments from Fed officials were the main theme in the markets last week. While much volatility was seen in the stock markets, major indexes remained rather resilient. Dollar got practically no support from expectation...
Weekly Economic & Financial Commentary: U.S. Dollar Stumbles to Start the Year
Summary United States: Not Through with 2021 Just Yet Inflation is intensifying and consumer activity is cooling, data covering the month of December reveal. The Consumer Price Index (CPI) rose 7.0% year-over-year, the fastest increase in nearly 40 years. Similarly,...
The Weekly Bottom Line: Eyeing Inflation Like a Hawk
U.S. Highlights Equity markets saw further losses this week, following more hawkish messaging from the Fed. Between Powell and Brainard’s confirmation hearings and other Fed speakers, the signals for a March rate hike are flashing loud and clear. December’s inflation...
Week Ahead: Russia, BoJo, and Earnings Season Ahead
After three meetings with NATO and its allies over Ukraine left both sides at an impasse, signals are beginning to emerge that Russia may be ready to invade Ukraine. Will it happen this week? Last week, it was brought to...
Wage inflation has arrived in a big way and Jamie Dimon says CEOs ‘shouldn’t be crybabies about it’
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Banks have been one of the main beneficiaries of high inflation recently because their profit margins tend to expand when higher prices force...
BoJ to Defy Peers, Stay on Dovish Course, But for How Long?
The Bank of Japan will conclude its first monetary policy meeting of 2022 on Tuesday and publish an updated set of economic forecasts. So far, the BoJ has been excluded from the global central bank race to normalize policy amid...
Digital Revolution: Will Cryptocurrencies Take Over the World? Part II
Part II: Are Stablecoins Really “Stable”? Summary Stablecoins, which are a category of digital currency, have many favorable characteristics. Payments can be settled essentially instantaneously, and “unbanked” individuals can easily use them. Their supplies are not limited, so potential problems...
Stocks Dive after Terrible US Retail Sales, Yen Powers Up
Overall risk sentiment turns sour again following terrible US retail sales data. DOW futures reverse early gains and turn deep red, pointing to a much lower open. Yen is powering up following risk-off sentiment while Aussie is now leading commodity...
GBPJPY Drifts Across 156 Mark as Bullish Rally Stalls
GBPJPY is consolidating between the 156.00 handle and the 157.84 level, which is the 161.8% Fibonacci extension of the down leg from 144.94 until 124.00. The simple moving averages (SMAs) are reflecting a fragile neutral-to-bullish trend in the pair. That...
Gold and EUR/USD Trade Higher: Elliott Wave Analysis
The USD remains bearish after US CPI figures this week that came out around expectations, while PPI yesterday increased by 0.2%, less than expected. The dollar is down even after some weakness on stocks yesterday during the US session. So...
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