Evergrande payment surprise, PMIs in focus
Overnight Headlines *US stocks ended mixed, S&P500 posted a record closing high *USD fell against most of its peers, but remains above 93.50 *US 10-year Treasury yield hits new cycle…
Read More »Energy spike concerns continue, dollar advances
Overnight Headlines *US stocks rebounded as tech bounced back, Vix inched lower *USD broadly firmer with yields pushing to new cycle highs *RBNZ hiked by 25bps as expected, market…
Read More »Oil continues upwards, bond yields higher too
Overnight Headlines *USD hovers around recent highs after second straight day of gains *US stocks were mixed with the Nasdaq underperforming *Oil is higher for a sixth straight day, through…
Read More »Hawkish hold by Fed, BoE up next
Overnight Headlines *USD near one-month highs after choppy FOMC session *US stocks rallied on easing Evergrande concerns *The Vix dropped close to 20 as market jitters reduced USD was choppy…
Read More »EUR/GBP struggles below 0.8600, Eurozone PMI, Bank of England eyed
EUR/GBP holds onto the previous day’s U-turn from the monthly peak near 0.8580 during the Asian session on Thursday. Even so, the cross-currency pair
Read More »Dollar pushes higher on weak equities
Overnight Headlines *USD closed higher last week, rising versus most of its peers on Friday *US stocks settled lower as inflation fears resurfaced *Oil is trying to break out higher,…
Read More »ECB and PEPP in focus
USD is gaining for a fourth straight day today, after moving modestly higher yesterday. EUR found support at the mid-August high and 50-day SMA around 1.18 ahead of the ECB…
Read More »Data deluge
Overnight Headlines *USD ended the day modestly lower, closing at 92.62 *US stocks retreated from record highs amid mixed data *Oil prices backed off four-week highs, OPEC+ meeting today *Australian…
Read More »EUR/GBP Aims Lower: Q2 Top Trading Opportunities
In early February, the Euro breached support which had confined its losses against the British Pound back to mid-May 2020, opening the door for a deep selloff that brought the…
Read More »US Market Open – Mixed data but USD holds up
USDIndex, H1 US Retail sales fell -0.7% in December and declined -1.4% excluding autos, much weaker than projected. November sales dropped -1.4% (was -1.1%) with the core rate off -1.3%…
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