Powell prolongs stimulus punchbowl
Overnight Headlines *USD broadly weakened and is below trendline support *US stocks closed mostly at record highs post Powell’s dovish tone *Gold benefitted form a softer dollar and gained 1.4%…
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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 »ECB review & US Market Open
Wall Street opens slightly lower, with futures for the three major indices all underwater. Sentiment has been aided slightly by the pandemic-low in initial jobless claims, though worries over the…
Read More »Another ship became stuck in the Suez Canal. Happened Thursday, unstuck quickly though.
Media reports of another ship running aground in the Suez Canal, only briefly this time. The Ever Given was stuck was 6 days earlier this year:
Read More »GBP/JPY holds onto recovery moves around 152.00 ahead of UK data dump
GBP/JPY bulls attach 152.00, up 0.08% intraday during Friday’s Asian session after rising the most in a week the previous day. While US Treasury yield
Read More »New Zealand Dollar Forecast: NZD/USD May Fall After Weak Economic Data
The New Zealand Dollar may see some weakness versus the US Dollar after data showed that electronic card spending fell in New Zealand last month as Covid lockdowns hit consumption.
Read More »Midweek Market Podcast – September 8
HotForex · Midweek Market Podacst – September 8 The big miss for the headline NFP and the Labor Day weekend has seen a reverse in the fortunes of the USD…
Read More »Dollar fights back
Overnight Headlines *USD jumped 0.5%, advancing against all of its major peers *US stocks were broadly lower, Nasdaq notched a record close *Gold drops below $1800, falling back to trendline…
Read More »Natural Gas Outlook: Bias Remains Skewed Higher Amid Tightened Supply
Natural gas prices broke out to a fresh 7-year high as traders digest colder seasonal temperatures and low reserves.
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