US open: Wall Street Tumbles on Evergrande, Fed Tapering Concerns
US stocks traces Europe lower amid concerns over the likely default of Evergrande, China’s second largest real estate developer and the implications for the wider market. Concerns over what the Fed could announce on Wednesday are adding to the downbeat...
Yen Accelerates Further as China Fear Spreads, Dow to Press Key Support
Markets are generally in deep risk-off mode today, as China property fears spread from Hong Kong stocks to European to US. Yen remains the strongest one as rally extends, which Swiss Franc is trying to catch up. Dollar is is...
USD/CHF Elliott Wave Analysis – Seems Bullish above 0.9240
USDCHF is breaking sharply higher after it found a support at 0.9163, the second higher swing low that makes a rising trendline connected from end of wave B. As such, we are observing now motive structure for wave C which...
Stocks making the biggest moves premarket: Pfizer, Occidental Petroleum, Bank of America and more
A syringe is filled with a dose of Pfizer’s coronavirus disease (COVID-19) vaccine at a pop-up community vaccination center at the Gateway World Christian Center in Valley Stream, New York, U.S., February 23, 2021. Brendan McDermid | Reuters Check out...
European Indices Plunge On China Woes
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BOE Preview – How will New Members Shift the Views of Rate Hike Conditions?
Economic developments since the last meeting have raised concerns of “stagflation” in the UK, i.e. slow growth with strong inflation. As the main constraint to growth is supply chain, we do not expect this to derail BOC’s monetary policy stance....
Market Morning Briefing: Aussie Has Fallen Too And Can Test 0.72
STOCKS There seems to be short selling on the equities ahead of the FOMC due this week. Need to be careful on the equities breaking below immediate supports. Dow and Dax have crucial support near 34500 and 15400 which needs...
Yen Surges as Hong Kong Stocks Accelerate Free Fall
Yen jumps broadly in Asian session today as Hong Kong stocks are accelerating its free fall. Dollar is following as the second strongest for now, and then Swiss Franc. Commodity currencies are naturally the weakest, as led by Australian Dollar,...
FOMC Preview: Fed to Affirm Tapering Could Come This Year. Focus Turns to Dot Plot
Since the Jackson Hole symposium and the FOMC minutes, the pandemic has worsened in the US, while economic growth appears to be losing steam. These suggest that all monetary policy measures will stay unchanged with asset purchases staying at US$120B...
Fed Research – Preview: What to Do in a Bad Trade-Off?
Key takeaways The Fed is in a difficult position amid slower growth and still high inflation. Given the weak jobs report and lower-than-anticipated inflation in August, we expect the Fed will refrain from providing more details at this meeting, as...
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