Dollar and Yen Rise on Slightly Negative Sentiment, Aussie Tumbles
Dollar and Yen rise following slightly negative risk sentiment. Major Asian indexes are generally lower, following the mild pull back in US overnight. Australian Dollar is leading commodity currencies lower. European majors are mixed with Euro trading a bit firmer...
Market Morning Briefing: Euro Has Immediate Support Near 1.1255
STOCKS Most indices have fallen globally and need to bounce back from respective supports to keep the near term ranges intact. Dow and Dax have fallen and need to hold above 35000 and 15500 to move up again in the...
Mainland China reports its first omicron Covid case
Medical worker collects swab from a citizen for the COVID-19 nucleic acid test at Zhenhai District on December 7, 2021 in Ningbo, Zhejiang Province of China. Hu Xuejun | Visual China Group | Getty Images BEIJING — Mainland China reported...
EUR/USD – Consolidation ahead of Fed and ECB
Which will break first? It would seem EURUSD is in consolidation ahead of the Fed and ECB events this week. It appeared to be flirting with a breakout higher but it wasn’t long until bulls abandoned ship, ahead of the...
EUR/USD Doesn’t Care About Statistics
On Monday, 13 December, the major currency pair is trading at 1.1300. Last Friday’s statistics on the US Consumer Price Index were not surprising, although a bit unusual. The indicator skyrocketed to 6.8% y/y in November. On MoM, inflation was...
Positive Tone on Wall Street ahead of a Busy Week
Market participants are feeling optimistic at the start of the week, with major indices in Europe rising and US stocks poised to open moderately higher and near record high territory US index futures Dow futures +0.0% at 35,891 S&P futures...
Dollar Mildly Higher as Traders Turn Cautious, CAD Dips
Dollar and Sterling firm up mildly in overall quiet markets today. Commodity currencies are, on the other hand, trading lower. Investors are turning cautious ahead of the wave of central bank meetings later this week, in particular on Fed’s decision...
EURUSD Fragile but Bullish Hopes Still Exist
EURUSD could not sustain last week’s bullish breakout above the restrictive 20-day simple moving average (SMA), pulling back into the 1.1200 area on Monday. Downside risks are now on the table again as the RSI is drifting lower in the...
El-Erian says ‘transitory’ was the ‘worst inflation call in the history’ of the Fed
Mohamed El-Erian Olivia Michael | CNBC Calling inflation “transitory” was a historically bad move for the Federal Reserve, according to Allianz Chief Economic Advisor Mohamed El-Erian. “The characterization of inflation as transitory is probably the worst inflation call in the...
China’s Xi is set to meet Russia’s Putin virtually on Wednesday
ST PETERSBURG, RUSSIA – JUNE 6, 2019: China’s Persident Xi Jinping (L) and Russia’s President Vladimir Putin shake hands at a ceremony at St Petersburg University in which Xi Jinping was awarded St Petersburg University honorary doctoral degree. Alexei Nikolsky...