ISM Manufacturing Index Slows But Still Registers 19th Consecutive Month of Expansion
The December ISM manufacturing index fell to 58.7, missing market expectations for 60.0. This marked a 2.4 percentage point decrease from the November reading of 61.1. New orders fell by 1.1 percentage points to 60.4, while new export orders decreased...
US Jobs Report, FOMC Minutes to Ring in Busy New Year for the Dollar
After the holiday lull, markets will be getting back into full swing this week as the Fed publishes the minutes of its December FOMC meeting on Wednesday (19:00 GMT) and the latest nonfarm payrolls report comes out on Friday (13:30...
New! US Stocks Storm Higher and Dollar Rebounds as 2022
Dollar recoups losses; Euro and cyclicals retreat The dollar ticked higher against most of its major rivals today, supported by the surging US Treasury yields, despite the risk-on sentiment in the first trading session of 2022. However, no major moves are expected in the forex spectrum...
Dollar and Stocks Advance as New Year Kicks Off
Dollar begins year on front foot, equities hover near highs Omicron, inflation, central banks, and politics in the spotlight Quiet day ahead but rest of the week seems promising Dollar advances in thin markets Happy new year to everyone. The...
Leading Banks Forecast for 2022: JPY, GBP, CAD, AUD, CHF, SEK, CNH
We talked a week ago about what experts from the world’s leading banks and agencies think about the behavior of the EUR/USD pair in the coming 2022. And the fact that we paid attention to it in the first place...
Week Ahead: Omicron, OPEC+, and NFP to Start the New Year
Happy New Year! As we change the calendars from 2021 to 2022, many of the same themes will continue, including rising inflation and the coronavirus. Although we do have a few inflation data points this week (several CPI releases and...
Euro Hovers At 1.13 Line
On the final day of 2021, the major pairs are stuck in tight ranges. The euro is trading quietly at 1.1310 in the European session. This holiday week was characterized by a dearth of economic releases and illiquid markets. That...
Hang Seng Outperforms, HK TECH Index Bounces After Tough Year
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Week Ahead – NFP Report to Kick Off New Year, Inject Life into Muted FX Market
Markets have been dead quiet during the holiday period but the upcoming week is guaranteed to bring increased volatility. The nonfarm payrolls report along with the FOMC minutes and a host of other US data are bound to wake markets...
Euro Slips Below 1.13 But Recovers
The euro lost ground earlier on Thursday but has recovered most of these losses. EUR/USD is currently trading at 1.1337, down 0.08% on the day. Risk appetite boosts euro With a very light economic calendar this week, the markets are...