The Weekly Bottom Line: Looking Through the Turmoil, Ready for Lift-off
U.S. Highlights It was another volatile week across global financial markets as the recent surge in commodity prices stoked fears of an inflationary spiral. Sentiment improved through the latter half of the week, allowing global equities to pare losses. Oil...
Federal Reserve expected to raise interest rates in week ahead, as Ukraine crisis adds volatility
A trader on the NYSE, March 11, 2022. Source: NYSE Investors may take the Federal Reserve’s first post-pandemic interest rate hike in stride, while uncertainty over the Ukraine crisis continues to hang over markets. The Fed has clearly broadcast that...
Deutsche Bank reverses course on Russia, says it is unwinding business there after Ukraine invasion
A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Deutsche Bank said Friday that it was winding down its operations in Russia, one day after its...
Stocks making the biggest moves midday: Meta, Rivian, Oracle, DocuSign and more
These are the stocks posting the largest moves in midday trading.
Forward Guidance: Gasoline Price Surge to Push Inflation Rates Higher
Canada’s CPI report for February is expected to show a firm 5.4% year-over-year increase. It will likely rise closer to 6% in March on the back of surging pump prices. In the first week of March alone, gas prices soared...
USDCHF Ascends Above Cloud, Moves Beyond 0.93 Mark
USDCHF has climbed above the 0.9300 handle, extending the latest surge in upward forces, and is now eyeing the 0.9355-0.9377 resistance barrier, which includes the September and November 2021 highs. The minor upturn in the simple moving averages (SMAs) confirm...
WTI Oil on Track for Strong Weekly Drop on Improved Sentiment
WTI oil price edged higher on Friday but remains below $110 per barrel for now, after falling sharply in past two days on optimism of de-escalation of the conflict in Ukraine and easing concerns about stronger disruption of global oil...
Canadian Dollar Shot Up by All-Round Strong Job Report, Yen Weakness Continues
Canadian Dollar surges sharply after employment data blows past expectations. Sterling and Euro are firm slightly firmer but there is no clear upside momentum. On the other hand, selloff in Yen is still persisting. Dollar is mixed for now. In...
USD/JPY Outlook: The Pair Could Extend to 2017 High in Dollar-Positive Environment
The USDJPY accelerated strongly higher on Friday (up around 0.7% in Asia/Europe), extending steep rally into fifth straight day. Strong US inflation data (Feb CPI soared to the highest since 1982) fuel expectations for Fed rate hike in the next...
EUR/USD Consolidating Near 1.1010
The Euro started a decent recovery wave above 1.0920 against the US Dollar. The EUR/USD pair traded above the 1.1050 resistance level and the 50 hourly simple moving average. However, it failed to clear the 1.1120 resistance and started a...