US Dollar, USD/JPY, CPI Talking Points: The US Dollar has set a fresh yearly high this morning although there hasn’t yet been significant traction beyond a key Fibonacci resistance level. Tomorrow brings the release of CPI and after last month’s moderation, the expectation is for a flat read mirroringRead More →
The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing. Bitcoin corrects after logging itsRead More →
EUR/USD Rate Talking Points EUR/USD pulls back from a fresh monthly high (1.2182) even as the European Central Bank (ECB) slows the pace of the pandemic emergency purchase programme (PEPP), and the exchange rate may consolidate over the remainder of the week as itsnaps the series of higher highsRead More →
© Reuters. By Peter Nurse Investing.com – The dollar maintained a strong tone in early European trading Wednesday, as traders looked forward to the conclusion of the two-day Federal Reserve meeting for guidance on future monetary policies. At 3:15 AM ET (0815 GMT), the , which tracks the greenbackRead More →
Canadian Dollar Fundamental Forecast: Neutral What are the top trading opportunities this year? The Canadian Dollar traded mixed against the US Dollar this past week, but its broader path of appreciation since late March 2020 remains intact. CAD received a boost after Bank of Canada’s Governor TiffRead More →
Chart created with TradingView Nasdaq 100, DAX 30, Nikkei 225 Forecasts: Neutral The Nasdaq 100 eagerly awaits earnings from Apple, Amazon, Facebook and more German and Euro area GDP data is also due in the week ahead, a key event for the DAX 30 The Nikkei 225 will setRead More →
Gold futures climbed on Wednesday, with commodity investors positioning prices for a third straight rise ahead of a Federal Reserve statement that could prove mostly bullish for long-term metals investors. Investors expect the Fed to express continued support, even though the central bank won’t change interest rates from aRead More →
EUR/USD traded directionless above the 1.18 handle on Tuesday. Next up will be EMU’s flash Q2 GDP data and employment changes. After the holiday on Monday, the US markets will resume normal activity. The single currency trades cautiously and holds. EUR/USD. It was above the 1.18 level at theRead More →
Amid weakening market sentiment, the US dollar was hit by rising volatility; dollar price action awaits non-farm payrolls. Worsening risk appetite boosts dollar, dollar price strengthens The dollar is trying to turn up, and the S&P 500 VIX. surge (of water) Upcoming NFP report in August 2020 has theRead More →
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 →
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 →
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 →
Reuters. An SGX panel is shown on the Singapore Stock Exchange By Marc Jones LONDON (Reuters) – Global equities rose for a fourth straight day Thursday as encouraging coronavirus vaccine trials kept investors upbeat ahead of what was expected to be a record rebound in U.S. employment figures later.Read More →
This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days. There have been moments of euphoria as the price briefly broke the $10,000 level earlier this month, but recently emotionsRead More →
© Reuters. Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the NYSE in New York By Medha Singh and Devik Jain (Reuters) – Wall Street’s main indexes were set open lowerRead More →
When Disney DIS, +0.47% announced its plans to reopen its theme parks at Walt Disney World in Florida later this summer, officials warned travelers of changes to theme park operations. But now the company has gone further, cancelling dining reservations and other perks. And Disney fans say they’re reconsidering theirRead More →
Wendy’s Co. is known for its spicy Twitter feed, and the fast-food chain is turning up the heat on its competitors ahead of the launch of its breakfast menu. In the lead up, the company has taken aim at McDonald’s Corp. MCD, -2.79% and Burger King, a Restaurant Brands InternationalRead More →
By Simon Jessop LONDON (Reuters) – German fund manager Allianz Global Investors is pushing every company it invests in to improve their climate-related disclosures ahead of the season for annual shareholder meetings. Allianz GI, which manages 557 billion euros ($605.18 billion) as part of insurer Allianz (DE:), said it hadRead More →
Japanese stocks edged higher Monday as investors looked for trading clues ahead the Bank of Japan’s start to its two-day policy meeting. The earnings season in Japan is also set to start later this week. The Nikkei was up 56 points in early trading, with the U.S. dollar trading atRead More →
© Reuters. A man is reflected on a board showing stock prices outside a brokerage in Tokyo By Tomo Uetake TOKYO (Reuters) – Stocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments fromRead More →
Asian markets were mixed in subdued early trading Monday, ahead of the signing of a “phase one” trade deal between the U.S. and China later this week. The world’s two largest economic powers are scheduled to sign the phase-one deal Wednesday in Washington, with China reportedly agreeing to buy moreRead More →
© Reuters. Investing.com – Asian markets traded mostly higher on Monday morning ahead of the potential signing of the U.S.-China partial trade deal due this week. China’s Shanghai Composite was little changed by 10:30 PM ET (02:30 GMT), while the gained 0.3%. The U.S. is due to ink the longRead More →
“If we are forcing these drivers to go like bats out of hell to get this stuff all over town, that’s OK, because we are making it great for our customers. The human cost of this is too much.” That’s what a former Amazon.com Inc. manager, who quit in frustrationRead More →
