Euro and Sterling Rebound Strongly, Dollar and Yen Turn Weaker
Yen and Dollar falls broadly today as risk-on sentiment is gaining steam. European majors are making a strong come back too. Sterling is boosted by upbeat job market data. Euro is also lifted after a ECB policymaker threw out the...
USD/JPY: Price Rally Stalls at 131.35
After a parabolic rise, USD/JPY registered its first weekly loss on Friday, providing traders the first opportunity to question whether this marks the end to the yen’s misfortune this year. Considering the prevailing uncertainty in financial markets, traders would be...
Euro Recovers in Overall Consolidative Markets
The financial markets are generally quiet today. Major European indexes are mixed while US futures are treading water. Gold is still trying to defend 1800 handle, despite dipping earlier. Silver is also recovering ahead of 20 handle. Bitcoin and Ethereum...
Crude Oil Remains Imbalanced
Another week of May brings a new decline in Oil. Brent is retreating and hanging around $109.50. A season of active car travel is starting in the US. In this light, demand for gasoline, which is getting more and more...
Weekly COT Report: Metals Continue to Get Hammered
The strong dollar and lockdowns in China have continued to see traders take a bearish stance on metals over the past four weeks. As of Tuesday the 10th of May: Large speculators flipped to net-long exposure on euro futures Traders...
Euro Looking Increasingly Vulnerable, Overall Sentiment to Stabilize after Wild Rides
Extreme volatility was seen in the markets last week, in particular in the across the broad rout in cryptocurrencies. Stocks the tumbled sharp but stage a late come back. Gold and silver resumed recent decline. Yen ended as the best...
Weekly Economic & Financial Commentary: Will Tighter Financial Conditions Lead to a More Dovish Fed?
Summary United States: Don’t Look Down Yet Consumer price inflation may have peaked, but the climb down from here will not be free of obstacles. The CPI and PPI rose 0.3% and 0.5%, respectively, in April. Small business optimism stalled...
AUDJPY Rebounds Off Cloud’s Floor, Downside Risks Linger
AUDJPY has corrected to the 88.00 handle, which is the 50.0% Fibonacci retracement of the 12-week rally from 80.35 until the 95.73 peak. Despite the price failing to snowball below the support barrier formed by the 50.0% Fibo at 88.00...
Gold Extends Decline While EUR/USD Holding on to 2017 Low
Overall, the forex markets are rather quiet as the week is heading to a close. EUR/USD is still holding above 2017 low but lacks any strength for a recovery. The greenback might still have a last push during the rest...
Euro Under Pressure, Falls Below 1.04
The euro has stabilized on Friday, after a dreadful Thursday in which EUR/USD fell 1.26%. Russian announces sanctions The euro continues to struggle and is trading at lows last seen in January 2017. The Ukraine war has taken a bite...