Euro Rebound Stalls after ECB, Dollar Higher after CPI
Euro’s rebound stalls after ECB policy announcement, mainly because risk markets turned softer again. Another round of negotiations between Russia and Ukraine failed and Russia will clearly continue its attack. Dollar is trading slightly higher after CPI came in expected,...
The Federal Reserve is shrinking its $9 trillion bond program. Here’s what that means for your portfolio
The Federal Reserve sent $9 trillion into U.S. bond markets amid recent emergencies. Reducing the balance of this portfolio could spark a recession.
Euro Staying in Rebound ahead of ECB, Dollar Awaits CPI
Yen and Swiss Franc are both under selling pressure following the strong rebound in global stock markets. While it’s too early to conclude that risk appetite has returned from the shadow of Russia invasion of Ukraine, at least, the initial...
Brief drop in mortgage rates sparks mini refinance boom
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters After rising steadily for months, mortgage rates made a U-turn last week, and borrowers jumped to take advantage. The crisis in Ukraine rattled financial markets...
Stock futures are little changed after S&P 500’s best one-day rally since 2020
Traders on the floor of the NYSE, Feb. 28, 2022. Source: NYSE Stock futures were little changed in overnight trading Wednesday after the major indexes posted sharp gains as commodity prices cooled. Futures on the Dow Jones Industrial Average dipped...
CHFJPY Wave Analysis
CHFJPY reversed from support area Likely to rise to resistance level 125.70 CHFJPY currency pair recently reversed up from the support area located between the key support level 124.00 (which has been reversing the price from the start of February)...
Stocks Staging Strong Rebound, Euro Follows, as Sentiment Improves
Risk sentiment seemed to have improved drastically today. There are talks that both Russia and Ukraine are softening their tone, which might give an exit for Russia abandoning the invasion eventually. Germany DAX is leading major European indexes higher with...
NZ Dollar Climbs on Sharp Maufacturing Data
The New Zealand dollar has posted strong gains on Wednesday. NZD/USD is trading at 0.6841 in the European session, up 0.55% on the day. Manufacturing Sales surge in Q4 Manufacturing Sales were outstanding in the fourth quarter, with a gain of...
Crude Oil Targets New Highs: Elliott Wave Analysis
The USD is seen in a bullish structure vs other major currencies, so we should be aware of more risk-off in the near term. Also, one of the most important markets these days, crude oil can stay in a bullish...
Dollar Attempting to Rally While Euro Licks Wounds
Sentiment is mixed in Asia with heavy selling seen in stock markets of Hong Kong and China, while Nikkei and Singapore Strait Times are recovering. US President Joe Biden announced to impose an immediate ban on imports of Russian Energy....