Range Trading Continues as US 10-Year Auctions Awaited
The markets are rather quiet so far today with slow news flow. Major currency pairs and crosses are stuck inside yesterday’s range, in consolidative trading. Other markets are also mixed, with some hope for DOW to hit new records, but...
Range Trading Continues as US 10-Year Auctions Awaited
The markets are rather quiet so far today with slow news flow. Major currency pairs and crosses are stuck inside yesterday’s range, in consolidative trading. Other markets are also mixed, with some hope for DOW to hit new records, but...
Mortgage refinance demand plunges 43% from a year ago, as higher interest rates take their toll on borrowers
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images The recent sharp rise in interest rates is now taking a toll on...
EUR/USD Finds Resistance In 1.1915
Despite passing the resistance of the 1.1900 mark, the EUR/USD did not book large gains. The 1.1915 level provided resistance and stopped the rate’s surge. It was spotted on Wednesday that this level provided both support and resistance to the...
Dollar Recovers after Brief Retreat, More Treasury Auctions Ahead
Dollar’s pull back overnight was relatively short-lived as it regains some footing in Asian session today. Sentiments stabilized with US stocks closed higher yesterday, with NASDAQ staged a strong rebound. Treasury yields also retreated mildly. The auction of USD 58B...
ECB Preview – Awaiting Actions in Response to Higher Yield and Revisions on Economic Forecasts
Macroeconomic developments have changed significantly since the January ECB meeting. One of the most prominent developments is the rise in inflation expectations and bond yields. As the ECB has pledged to maintain a accommodative monetary policy, it would be of...
AUD/USD: Upsides Could Be Limited Above 0.7800
Key Highlights AUD/USD declined from well above 0.7900 and tested 0.7620. A key bearish trend line is forming with resistance near 0.7735 on the 4-hours chart. EUR/USD declined to 1.1835, GBP/USD is consolidating above 1.3800. The US Consumer Price Index...
Market bull Jeremy Siegel warns the Nasdaq rebound will unravel, favors value stocks
The Nasdaq rebound may last shorter than a New York minute. Wharton School finance professor Jeremy Siegel sees near-term trouble, saying the backdrop is dramatically supporting the reopening trade over Big Tech and growth plays. “I’ve been extremely bullish here...
Bank of Canada to Stand Pat, Keep One Eye on the Loonie as Recovery Gathers Steam
The Bank of Canada meets this week to set policy and will announce its decision on Wednesday at 15:00 GMT. No change is expected in either interest rates or the pace of asset purchases. But following the better-than-anticipated GDP performance...
Oil Rally Continues, Gold Gains Ground
Oil resumes rise After tanking more than 3% in the previous session, oil is clawing its way higher as fears over supply disruption in Saudi Arabia ease and the US dollar rally pauses for breath. Oil markets fell overnight as...
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