USDJPY continues to unwind
USDJPY, H1 USDJPY continues lower today, printing eight-session lows below 109.20 in early New York session trades and falling under Friday’s post-jobs report low of 109.37. The pairing had topped…
Read More »Recap June 6: Elon Musk Breaks Bitcoin Again, Minimum Global Tax, Meme Stocks Explode (Recap Ep126)
In this week’s recap, U.S. benchmark indices were slightly higher, as investor concerns over the consequences of a strong economic recovery, marked by surging inflation, continued to trouble the overall…
Read More »Analysts are evenly split on their outlook for the USD
Reuters polled 63 analysts 33 of 63 analysts said the greenback’s weakening trend was broadly over 30 analysts said the weakening trend would continue I’ll check if I can find…
Read More »CAD & USOil – The trends continue into the new month
USDCAD & USOil, H4 Canada’s GDP grew at a 5.6% pace in Q1, undershooting expectations following the 9.3% clip in Q4 (revised from 9.6%). However, GDP was 0.3% firmer compared…
Read More »Recap May 30: Reddit Gamestop 2.0, Crypto Crash, Gold Spikes (Recap Ep125)
In this week’s recap, US and global markets generally closed higher as investors became increasingly convinced that the US Federal Reserve and other central banks will maintain their financial support,…
Read More »USD/CAD Price Analysis: Eases towards a fortnight-old support below 1.2100
USD/CAD extends Friday’s pullback from 1.2120 to 1.2060 during Tuesday’s Asian session trading. In doing so, the pair sellers justify sustained tradin
Read More »Events to Look Out for Next Week
Inflation has moved to the front of the line of market worries, while pandemic hotspots in Asia continue to be closely monitored. Rapid global growth, led by China and the…
Read More »Will this be another stormy Thursday?
Yields have cheapened a bit since the open. The move has come largely on the news that President Biden will propose a $6 tln budget on Friday, which has helped…
Read More »Yields and their significance for USD
Treasuries richer as inflation worries move to background. Overall however as you can seen year to date chart below, Treasury yields have been slide lower turning flattened. Treasuries despite some…
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