Euro Under Pressure Again on Gas Worries
Euro is under heavy selling pressure today on renewed worries over cut off of Russia gas supply. It’s additionally pressured and Germany 10-year yield breaks below 1% handle again. For now, Sterling appears to be a distant second. On the...
Dollar, Yen and Franc Soft in Quiet Cautious Markets
Markets continue to be very quiet in Asian session today. Investors are clearly holding their bets ahead of tomorrow’s FOMC rate hike. Dollar is a softer one together with Yen and Swiss Franc. On the other hand, Canadian Dollar is...
EURCHF Wave Analysis
EURCHF reversed from support area Likely to rise to resistance level 0.9940 EURCHF currency pair recently reversed up from the support zone located between the pivotal support 0.9820 (which stopped wave 3 in the middle of this month) and the...
Yield Curve Inversion and Recession Risks, Dollar the Worst Performer of the Week
Dollar ended as the worst performing one last week. Selloff somewhat intensified on Friday after poor PMIs indicated that the US economy was already in contraction. Deep fall in benchmark treasury yields dragged down the greenback while traders were betting...
GBP/USD: Cable Remains Entrenched Within a Range and Awaiting Fresh Direction Signal
Cable extends directionless mode into fourth straight day, trading between 10DMA (1.1923) which offers solid support and strong barriers at 1.20 zone (psychological / falling 20DMA / Fibo 38.2% of 1.2406/1.1760 bear-leg. Pound benefited from stronger than expected UK PMI...
EUR/USD Pair Faced Sellers Near 1.0275 and is Currently Moving Lower
The Euro started a recovery wave above the 1.0200 zone against the US Dollar. The EUR/USD pair climbed above the 1.0250 resistance but it faced sellers. The pair faced sellers near the 1.0275 zone and is currently moving lower. It...
Cliff Notes: Inflation Still of Paramount Concern as Risks to Activity Build
Key insights from the week that was. In Australia and abroad, it was a quiet week for data, keeping the focus on monetary policy. At home, the July RBA minutes and speeches by RBA Governor Lowe and Deputy Governor Bullock...
Euro Jumps as ECB Delivers 50bps
As mentioned earlier, there was a great deal of uncertainty over whether the European Central Bank would opt for a 25- or 50-basis point rate hike today, which meant that the euro would move sharply based on the decision as the market...
Jobless claims rise again in another sign that labor market is cooling
A woman walks in front of a store on February 22, 2021, in New York City. John Smith | Corbis News | Getty Images Initial jobless claims hit their highest level since mid-November last week, the latest sign that a...
GBP/USD: Recovery Continues to Struggle at 1.20 Barrier
Cable continues to face strong headwinds at psychological 1.20 barrier for the third consecutive day and eases below 1.20 level after hitting a session high at 1.2037. Bulls already failed twice to sustain gains above 1.20 and on track for...
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