Market Update – October 8 – Yields Drive Higher Pushing USD & Stocks too
USD (USDIndex 94.30) holds at highs, Stocks & Oil move higher testing key technicals – Yields the driver (5yr at 1.0416% – Feb 2020 high) US debt ceiling extended by…
Read More »Sterling remains pressured even as GDP bounces
GBPUSD, H1 UK GDP revised sharply higher in the final reading. The quarterly growth rate was boosted to 5.5% from 4.8% previously, which left the annual rate at 23.6% y/y….
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 »Midweek Market Podcast – September 22
Equity markets tanked, while the Dollar and Yen got safe haven bids before the more Dovish than expected BOJ pulled the JPY lower. CAD rallied on a new Trudeau government…
Read More »Relief rally after full blown selloff
Overnight Headlines *USD pulled back form the March high at 93.43, lower this morning *US stocks dropped below key SMAs before pulling back *Vix spiked close to 30, currently trading…
Read More »Events to Look Out for Next Week
The week ahead is expected to be a massive one, as four of the major Central Banks – the Fed, BoJ, SNB and BoE – will announce their rate decision…
Read More »USD stuck in a range
Overnight Headlines *USD erased losses after falling on softer US CPI *US stocks gave up earlier gains to close lower *UK CPI y/y +3.2% vs 2.9% expected, m/m 0.7% vs…
Read More »US CPI on the radar
Overnight Headlines *USD rose to a two-week high before pulling back *US stocks snapped a five-day losing streak *AUD falls on continued dovish RBA Lowe comments *UK unemployment rate falls…
Read More »EUR/JPY Price Analysis: Bears seek a test of 129 the figure
EUR/JPY is holding in neutral territory on the daily chart after making a firm correction of the neckline to the M-formation. As the illustration belo
Read More »Market Update – September 10 – USD Slips, Asian equities rally
Market News USD (USDIndex 92.45) slips from highs as risk sentiment picks up as CB keep their foot on the pump. Biden & Xi had a “productive” 90min call, their…
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