Dollar Fights Back on Strong NFP and Wage Growth
Dollar is rebounding strongly in early US session following much better than expected job and wage growth. The greenback is apparently turning the tide against all major currencies, except Euro. The common currency is still the runaway winner for the...
EURCAD Rockets to Descending 200-day SMA
EURCAD bullish demeanour has strengthened significantly as the pair recently surged from the more than 5-year low of 1.4100 and is now tackling the 200-day simple moving average (SMA) at 1.4600. The longer-term 100- and 200-day SMAs endorse the broader...
EURAUD Unlocks 4-Month High Above Symmetrical Triangle
EURAUD is surging to a fresh four-month highs around 1.6175, jumping above the symmetrical triangle with strong momentum. The technical indicators are feeding prospects for a possible positive trade; the RSI is holding well above 50, while the MACD continues to strengthen in bullish territory and...
U.S. stock futures rally after earnings reports from Amazon and Snapchat
A trader works on the floor of the New York Stock Exchange. NYSE Stock futures rose in early morning trading Friday as investors digested a slew of corporate earnings reports after the Nasdaq Composite posted its worst day in more...
Cliff Notes: Inflation to Remain Front of Mind for Central Banks in 2022
Key insights from the week that was. The first week of February has been acutely focused on monetary policy, with last week’s US FOMC meeting followed by the RBA, BoE and ECB. Beginning with the RBA, their February meeting was...
USD/JPY Aims Fresh Increase, NFP Report Next
Key Highlights USD/JPY started a decent increase from the 113.50 zone. It broke a crucial bearish trend line with resistance near 114.20 on the 4-hours chart. EUR/USD surged above 1.1350, and GBP/USD spiked above 1.3600. The US nonfarm payrolls could...
Republicans grill Fed nominee Raskin over past views on climate and big energy companies
Sarah Bloom Raskin, nominated to be vice chairman for supervision and a member of the Federal Reserve Board of Governors, gestures during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February...
Dollar Falls Further on BoE and ECB’s Hawkish Steer
The dollar index accelerated lower and hit the lowest in over two weeks on Thursday, following BoE and ECB’s policy meetings. Near-term bears extend into fourth straight day, boosted by BoE’s hawkish hike and changed ECB’s narrative in central bank’s...
ECB Winning the Race of Hawkish Surprises, Euro Overpowers Sterling
It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no...
Markets Steady ahead of ECB and BoE, Dollar Staying Weak
The forex markets are generally steady in Asian session, as traders await ECB and BoE rate decisions. Dollar is staying as the weakest for the week one after yesterday’s selloff, followed by Yen. Aussie and Euro are the strongest ones....
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