Dollar Jumps after Strong NFP, 10-Yr Yields Breaks 1.6
Dollar rises further in early US session after much stronger than expected non-farm payroll report. 10-year yield also surges and it’s now back above 1.6 handle. The greenback in currently the second strongest for the week, only overwhelmed by the...
London stock exchange boss sounds the alarm on SPAC ‘froth’
LONDON — Special purpose acquisition companies, or SPACs, are showing signs of “froth” in the U.S. — and that doesn’t bode well for investors, the boss of London’s stock exchange warned Friday. “There has been some recognition of the froth...
JPMorgan’s Stock Eyes Trend Reversal After Record Highs
JPMorgan’s stock has been quite progressive since the start of November, making higher highs and higher lows within uncharted waters. The situation, however, is currently looking bleak on the four-hour chart as the creation of a potential double top pattern...
EUR/USD Bearish Momentum Now Using 1.20 As Resistance Zone
EUR/USD is clearly breaking the long-term support trend line and daily 21 ema zone. How important is this bearish breakout? A downtrend was confirmed with the bearish breakout below the 21 ema zone, 23.6% support Fib, and support lines (dotted...
GBP/USD Outlook: Bears Resume After Five-Day Consolidation Under 1.40
Cable dropped to three-week low on Friday, after breaking below five-day congestion, capped by 1.40 barrier. Fresh strength of the US dollar added pressure on sterling to extend pullback from new nearly three-year high (1.4238), with violation of 1.3869 (Fibo...
EUR/USD Plummets Due To The Fed
At 17:00 GMT on Thursday, the head of the US Federal Reserve Jerome Powell started a speech. During the speech he revealed that the current US monetary stimulus would remain intact. However, as the markets appeared to expect additional stimulus,...
GBP/USD Passes Support Zone
The GBP/USD started to test the resistance of the 200-hour SMA, as it finally pierced the resistance of the 1.4000 mark. However, at that time the head of the US Federal Reserve Jerome Powell started a speech. In his speech...
USD/JPY Reaches 108.50 Mark
The USD/JPY extended its surge and did not retrace back to the 55-hour SMA. Instead, the currency exchange rate surged and by the middle of Friday’s trading had reached the 108.50 mark. It occurred due to the speech of the...
Focus Remains On Yields Ahead Of US Jobs Report
Notes/Observations Global bond yield rally fuels concerns and curbs risk appetite. Traders note the lack of a well-defined red line being set by the Fed had convinced many that key interest rates would likely continue to rise BOJ’s Kuroda helped...
Yields Surged, Stocks Tumbled after Fed Powell, Dollar in Half-Hearted Rally
Fed Chair Jerome Powell’s lack of concrete hint on action against rising nominal rates sent treasury yield higher, and stocks lower overnight. Dollar rode on risk aversion and jumped sharply higher. Nevertheless, the greenback’s rally was concentrated against Euro, Swiss...
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