Euro Selloff Continues after Poor PMIs
Euro’s selloff continues today after poor PMI data and stays as the worst performer for the week. Swiss Franc is also weak for now, together with Sterling. Dollar remains the strongest one, but struggle to extend gains against commodity currencies....
Currency Pair of the Week: USD/CNH
With troubling economic data out of China leading to rate cuts, along with an expected hawkish speech from Fed Chairman Powell on Friday at the Jackson Hole Symposium, USD/CNH could be volatile this week. The US Dollar surged last week...
How will Jackson Hole Meeting Affect Markets?
What will happen? Federal Reserve Chair Jerome Powell will give a speech during the Jackson Hole Symposium on August 26 at 18:00 GMT+3. Analysts expect to hear statements about the future of interest rates and get hints regarding quantitative tightening...
Is GBPCAD Headed for the 2010 Low?
GBPCAD has been drifting south since August 2, when it hit resistance near 1.5760. That said, it has yet to clearly overcome the key support of 1.5350, a move which would not only confirm a forthcoming lower low, but also...
EUR/USD Playing with Parity, Risk-Off Intensifies
Risk off sentiment appears to be intensifying today. Selloff in particularly serious in German DAX, while FTSE and CAC are also down. US futures are also pointing to a lower open while 10-year yield is pressing 3% handle. In the...
Dollar Rally Rejuvenated as Risk-on Sentiment Lost Steam, Yields Jumped
Dollar ended as the strongest one, closing notably higher against all other major currencies, as risk-on sentiment lost steam while treasury yields surged. The late momentum was rather impressive and argues that the greenback might be ready for breakouts. While...
The Weekly Bottom Line: How Quickly to Raise Rates? That Is the Question
U.S. Highlights Total retail sales were flat in July, marking a deceleration from June’s pace. However, sales in the control group, which exclude several volatile categories and are used in calculating GDP, rose a sturdy 0.8% m/m. Housing continued to...
Week Ahead: US Core PCE and Jackson Hole Symposium to Dominate Headlines
Could the US Dollar finally settle down this week? Perhaps. But it might only be until Friday when Fed Chairman Powell speaks at the Jackson Hole Symposium. Can you recall a more volatile August for the US Dollar? Last week,...
Inflation peaking? 10 common consumer items where prices are falling
A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images July’s consumer price index report finally showed a sign of potential relief – inflation ticked up less than...
Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares
Warren Buffett at press conference during the Berkshire Hathaway Shareholders Meeting, April 30, 2022. CNBC Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum. Shares of Occidental jumped 10% on...