Reuters. By Peter Nurse Investing.com – Wednesday morning in Europe, the US dollar weakened, with the Federal Reserve minutes in focus, while stronger-than-expected inflation boosted the pound. At 2:50 a.m. ET (0650 GMT), the dollar index, which tracks the dollar against a basket of six other currencies, was downRead More →
Reuters. Gold fever spurs dollar in a bizarre display unseen since Erdogan took office (Bloomberg) – It took weeks of frenzied gold trading in Istanbul’s historic commercial center to prompt one of the largest gaps between the cost of physical dollar bills and the official exchange rate in 18Read More →
Source: IG Charts IG Charts Crude Oil Fundamentals Highlights. Crude oil blocked on the upside O PEC meetings U.S.-China compliance review to set early tone of clients are net long. The client is a net short. Change exquisite short (finance) OI daily 13% -12% 1% weekly -4% 5%Read More →
Economists at Charles Schwab believe the dollar is in for a long decline for the following reasons: the Federal Reserve has shifted to a zero interest rate policy, U.S. economic growth will likely underperform other major economies due to the coronary virus, political uncertainty is rising, and the growingRead More →
Consumer Confidence, Nasdaq 100, COVID – Talking Points. University of Michigan consumer confidence remains suppressed COVID-19 outbreak continues to affect consumers outlook Nasdaq 100 falls after consumer sentiment report The preliminary University of Michigan Consumer Confidence Index traded at 72.8 last Friday morning, compared to expectations of 72.5. FollowingRead More →
EUR/USD bears waiting to pounce with bearish H&S in the making. USD volatility seeking a convincing break to the upside as US yields firm and FX intrinsic values are finally measured. EUR/USD is currently trading at 1.1817 and between a 1.1777 and 1.1864 range while recently pulling back fromRead More →
The Reserve Bank of New Zealand (RBNZ) will announce its Interest Rate Decision on 11 June at 02:00 GMT. The market consensus is for the RBNZ to stay on hold and to expand the size of the Large-Scale Asset Purchase (LSAP) from the current NZD 60 billion. Here areRead More →
EUR/JPY Price Analysis: INFLUENTIAL MACROECONOMIC BACKDROP PULLING THE STRINGS Despite the poor GDP data of many restricted countries in the Eurozone, the euro has remained strong against the yen. Despite the expected sluggish numbers, the data of many countries were worse than expected, which unexpectedly did not prevent theRead More →
© Reuters. BY Yasin Ebrahim Investing.com – The pound rose against the U.S. dollar on Wednesday and continued to maintain its third consecutive week of gains against the U.S. dollar. Before the Bank of England meeting on Thursday, weak economic data exceeded expectations. As the center of the BritishRead More →
NYSEAMERICAN:IBIO falls another 5.13% to end the week in the red. iBio Inc. falls behind competitors in the race for COVID vaccine. NYSE:AMERICAN:IBIO has dropped a further 5.13% during Friday’s trading session, ending the week at $4.44 per share, representing a 17% decrease from the start of the week.Read More →
USD, GBP, TRY Analysis & News Subdued Session in the Equity Space US Dollar Bounce Gaining Traction Volatility Lurking in USD/TRY Equities: A somewhat subdued session thus far with European equities paring initial gains to trade with marginal losses. Similarly, US futures are also pointing to a negative openRead More →
© Reuters. By Gina Lee Investing.com – The dollar was up on Monday morning in Asia but saw gains capped as the U.S. economic recovery from COVID-19 slows down. The that tracks the greenback against a basket of other currencies gained 0.11% to 93.535 by 9:47 AM ET (2:47Read More →
© Reuters. By Peter Nurse Investing.com – The dollar slumped in early European trade Friday, heading for its weakest month in 10 years, as traders fretted about the U.S. economic recovery due to the continued spread of the Covid-19 virus across the Midwest and the failure of U.S. lawmakersRead More →
FOMC Interest Rate Decision, US Dollar, Monetary Policy, Federal Reserve Balance Sheet – Talking Points: The upcoming FOMC interest rate decision may exacerbate the US Dollar’s recent decline USD looks set to extend its losses against its major counterparts after snapping through long-term trend support. Asia-Pacific Recap A mixedRead More →
© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trade Tuesday, bouncing off a two-year low, ahead of a Federal Reserve meeting and amid hopes for prompt delivery of the next U.S. fiscal rescue package. At 3:10 AM ET (0710 GMT), the Dollar Index,Read More →
DXY sticks to the daily recovery although below the 94.00 mark. Markets’ sentiment keeps favouring the safe haven demand on Tuesday. S&P/Case-Shiller Index came in below estimates at 3.7% in May. The greenback, in terms of the US Dollar Index (DXY), remains on the positive note around the 93.70Read More →
Source: IG Charts NASDAQ INDEX FUNDAMENTALOUTLOOK: Trading at a 50.4 price-to-earnings (P/E) ratio, Nasdaq’s valuation has reached an inhibitive level Rich valuation amid rising Covid-19 viral risk renders Nasdaq vulnerable to a pullback China’s Shenzhen Composite, trading at 31.9 P/E ratio, is also susceptible to profit-taking Nasdaq Index Outlook:Read More →
Dollar Is Losing Its Luster as Investors Line Up to Go Short (Bloomberg) — After rocketing higher in March as the ultimate haven currency, the dollar is now headed for its worst month since the beginning of 2018, and many strategists see the sell-off continuing. Negative real rates inRead More →
UK Retail Sales Overview The UK Retail Sales, scheduled to be published at 06:00 GMT on Friday, is expected to ease from 12% prior advance to 8% MoM in June. Total retail sales are still seen depleting 6.4% over the year in the reported month, though up from -13.1%Read More →
© Reuters. By Peter Nurse Investing.com – The dollar was in retreat in early European trade Friday, weighed by doubts about the strength of the U.S. economic recovery as the country struggles to curb the number of coronavirus cases. At 3:10 AM ET (0710 GMT), the Dollar Index, whichRead More →
USD/CAD remained under some selling pressure for the third straight session on Wednesday. The impasse over US fiscal stimulus, surging COVID-19 cases continued weighing on the USD. Bulls seemed rather unimpressed by sliding oil prices, which tend to undermine the loonie. Increasing selling pressure around the greenback pushed theRead More →
New Zealand Dollar Talking Points NZD/USD approaches the monthly high (0.6601) despite signs of crowding behavior in the US Dollar, but the Relative Strength Index (RSI) undermines the resilience in the New Zealand Dollar as the indicator appears to be diverging with price. NZD/USD Crowding Behavior Persist as RSIRead More →
Widespread Dollar weakness helped Gold regain positive traction on Friday. A further decline in US bond yields continued to support this positive development. The bulls appeared to be relatively unaffected by the positive mood in global equity markets. Gold continued to gain ground during the mid-European session and wasRead More →
Reuters By Yasin Ebrahim Investing.com – The EUR appeared poised for a four-day winning streak on Thursday after the European Central Bank left its monetary policy unchanged, but the single currency could face a tough weekend as the EU prepares to discuss the €750 billion recovery plan. fell 0.25%Read More →
Reuters By Peter Nurse Investing.com – The EUR was in high demand in Europe’s early trading on Wednesday, hitting its highest level in four months after Federal Reserve Governor Lael Brainard hinted that an even easier monetary policy in the U.S. was needed. The dollar also suffered more broadlyRead More →
