Technical signals remain bearish for the euro The euro suffered significant losses against the US dollar in 2021. Although trading was volatile and largely directionless for the first five months of the year, the decline was relentless from June. The exchange rate fell from ~ 1.2250 to ~ 1.1200 as the ECB remained relatively...
Read MoreAlthough the world’s central banks have decided to tighten their monetary policies, including those that have actually raised interest rates, appetite for safe havens has grown amid global fears of the threatening Omicron variant. a worldwide closure at Christmas. As a result, the price of gold returned to the resistance level of $ 1815...
Read MoreSummary United States: Hawkish Fed Steals Show, But Supply Problems Linger Behind The Scenes The more hawkish tone that emerged from the last Fed policy meeting was the main event that caught the markets’ attention this week. But in other news, retail sales data disappointed as higher prices were factored into spending and industrial...
Read MoreIt wasn’t like it wasn’t full speed ahead to shrink and even tighten, but the market took the news enthusiastically and climbed higher. It could be that the growth is high which is a good thing, and maybe inflation is thought to be high as well, but it also has some additional elements (supply...
Read MoreMarkets 20. This is roughly the number of central banks that will hold their last policy meeting in 2021. The big events this week notably the Fed (Wednesday), the Bank of England and the ECB (both Thursday). Turkey, Norway, Switzerland, Japan, Russia, Hungary and many more along with important economic data (EMU PMI, US...
Read MoreEURGBP trades between 100 / 200H MM The EURGBP fell to its low for the week in Tuesday’s session and thus tested the 200-hour moving average. Support buyers leaned against the level (it was also a low from last week) and sellers looked to buyers. The price rise from Tuesday’s low saw the 100-day...
Read MoreSOL / USD has seen a whirlwind of rapid trading recently, including a rapid drop in value when the large-scale flash crash hit cryptocurrencies last weekend. Advertising Having recouped some of its lost value as a result of the flash crash SOL / USD suffered last weekend when the digital asset momentarily fell to...
Read MoreThe US 500 (Cash) Stock Index is attempting to recover previously lost ground after dropping from the 4,720 level to the 1.5-month low of 4,494. Bearish 50- and 100-period Simple Moving Averages (SMAs) approve of the pullback, and a lower crossing of the 200-period SMA by the approaching 100-period SMA could reinforce the negative...
Read More© Reuters. FILE PHOTO: The flags of Taiwan and the United States are set for a reunion in Taipei, Taiwan, March 27, 2018. REUTERS / Tyrone Siu / File Photo TAIPEI (Reuters) – Taiwan and the United States have a mutually beneficial trade relationship, especially in the area of technology, and the two have...
Read MoreThe Australian dollar fell slightly on Thursday as the risk of a faster US Federal Reserve cut and early rate hikes disrupted global markets in favor of the US currency. The news is also helping to support Treasury yields early in the session. Early price action suggests short sellers have their eyes on the...
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