EUR/USD Consolidates in Mid-February
The major currency pair is consolidating in mid-February. On Monday, 14 February 2022, the asset is trading at 1.1340. Investors are still impressed by the January inflation data from the US. The CPI showed 7.5% y/y – the reading no...
Fed’s Bullard says the central bank’s ‘credibility is on the line,’ needs to ‘front-load’ rate hikes
St. Louis Federal Reserve President James Bullard made his case for a rapid move higher in interest rates, saying Monday that the central bank needs to react to accelerating inflation. “I do think we need to front-load more of our...
Yen Takes a Breather after Lavrov Comments, Dollar Firm
While risk aversion still dominates, sentiments appeared to be lifted by comments from Russian Foreign Minister Sergei Lavrov. In a televised exchanged, Lavrov told President Vladimir Putin, “I must say there are always chances… It seems to me that our...
NZDUSD Elliott Wave : Selling The Rallies At The Blue Box
In this technical blog we’re going to take a quick look at the Elliott Wave charts of NZDUSD. The pair has reached extremes in the cycle from the February 2021 peak. However cycle from the October 21st 2021 peak still...
War Fear Overwhelmed Rate Hikes; Oil, Gold, Yen and Franc Surged
War or rate hikes, it’s very clear that investors are worried about the former. Sentiment took a deep dive on Friday on worries over an imminent Russian invasion of Ukraine. WTI crude oil surged to new 7-year high while Gold...
Weekly Economic & Financial Commentary: Global Monetary Policy Cycle Tightening Gains Momentum
Summary United States: Hot Inflation Data Widen the Door for a More Aggressive Fed Move in March Consumer prices rose a better-than-expected 0.6% in January, and the details of the report hinted that just as price pressures in some areas...
The Weekly Bottom Line: All Eyes on the Price
U.S. Highlights U.S. prices continued to heat up in January as headline inflation accelerated to 7.5% year-on-year from 7.0% in December. Excluding food and energy, core prices also rose notably over the year to 6.0% with broad-based increases across index...
Michigan Sentiment at Lowest Levels Since 2011, Yet It’s Inflation that Matters!
The preliminary reading for the February Michigan Consumer Sentiment was 61.7 vs an expectation of 67.5 and a January reading of 67.2. This was the lowest reading since October 2011! Most of the miss was due to the Current Conditions...
Stocks making the biggest moves midday: Under Armour, Zillow, Affirm and more
An Under Armour shoe is seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Under Armour — The sports equipment company’s shares dropped...
Will the Battered Yen Cheer on Positive GDP Data?
After a negative quarter, Japan’s economy probably returned to the expansion area in the last three months of 2021, GDP data is expected to show on Monday at 23:50 GMT. While the news could put smiles on policymakers’ faces, the...