Dollar Mixed Awaiting Fed Guidance, Markets Steady in Asia
The forex markets are pretty steady in Asian session even though others trade with a slight risk-off tone. Major pairs and crosses are stuck inside Friday’s range for now. But volatility is guaranteed ahead, with Fed and BoC featured, as...
Asian Open: Flash PMI’s in Focus, AUD Probes Trend Support
Flash PMI data is released across Asia, Europe and the US. And on the back of last week’s risk-off week then markets may be more sensitive to soft data should it disappoint. US equities suffered one of their worst weeks...
Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says
U.S. Federal Reserve Board Chairman Jerome Powell attends his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, 2022. Graeme Jennings | Reuters Accelerating inflation could cause the Federal Reserve...
Yen and Franc in Spotlights Again as Earnings Shook Markets
It’s not Omicron nor Fed rate hike, but earnings. Bullish investors appeared to have finally gave up after disappointing Netflix report last week. NASDAQ led other major indexes sharply lower, and dragged down cryptocurrencies too. Given that Apple and Tesla...
Eurozone PMIs: Another Dose of Bad News?
The latest PMI business surveys for the euro area will hit the markets early on Monday, starting with the French numbers at 08:15 GMT. Forecasts suggest the Eurozone economy lost further steam thanks to Omicron restrictions. Overall, economic growth remains...
EUR/USD Pair Started a Fresh Decline from 1.145
The Euro started a fresh decline from well above the 1.1450 zone against the US Dollar. The EUR/USD pair traded below the 1.1400 support zone to move into a bearish zone. There was also a move below the 1.1350 level...
Two trades to watch: USD/JPY, GBP/USD
USD/JPY falls in risk off trade USD/JPY is heading lower for a third straight session. Risk off trade is boosting demand for the safe haven yen in addition to a tick higher in Japanese inflation to 0.8% YoY in December, up...
EUR/USD Eyes Down Towards 1.1185: Elliott Wave Analysis
USD and JPY are coming higher as stocks continue to weaken with SP500 breaking below 4500. So risk-off may resume which can allow USD to recover even more. EURUSD came higher last week after US CPI figures. Pair moved to...
Stocks making the biggest moves premarket: Travelers, American Airlines, Signet Jewelers and more
Check out the companies making headlines before the bell: Travelers (TRV) – The insurance company reported a quarterly profit of $5.20 per share, well above the $3.86 consensus estimate, with revenue also beating analyst forecasts. Travelers benefited from stronger results...
GBPJPY Moves Sideways after its December Rally
GBPJPY has been in a trading range since early January without being able to indicate a clear direction. Moreover, the pair has recently crossed below its 50-period simple moving average (SMA), indicating that negative forces might be gaining ground. Short-term...