S&P index approaches, but closes below 200 hour MA. Monday will be a key day ahead of CPI
The US major indices are closing higher on the day and for the week. All the major indices are closing with gains over 2% on the day. For the week the gains are from around 1% to 1.5% for the major indices. The final numbers are showing: Dow industrial average rose 700.53 points o 2.13% […]
VIX Says the S&P 500 Is a Sitting Duck Ahead of NFPs, EURUSD Volatility Stoked by Fed Forecasts
VIX, VVIX, S&P 500, Dollar, EURUSD and NFPs Talking Points: The Market Perspective: S&P 500 Bullish Above 3,900; EURUSD Short Below 1.0600 Expected volatility has slipped to extremely low levels according to the VIX and VVIX, which makes benchmarks like the S&P 500 a ‘sitting duck’ Rate speculation around the Fed swelled this past session […]
Trading Year Starts, US Non-Farm Payrolls Ahead
The start of the trading year brings key trading news, including US Non-Farm Payrolls (NFP) and global productivity updates. Last year, resilience in the job market went a long way towards sheltering the US economy from fierce interest rates and inflation headwinds. Going forward, will global recession fears overshadow optimism towards growth in the labour […]
USD/JPY holds steady near multi-day high, remains below 133.00 ahead of US data
USD/JPY touches a four-day high on Thursday, though lacks any follow-through. The emergence of some buying around the USD acts as a tailwind for the major. Reports that BoJ will raise inflation forecasts benefit the JPY and caps the upside. The USD/JPY pair reverses an intraday dip to the 131.70-131.65 area and touches a four-day […]
Dollar hands back gains ahead of release of Federal Reserve minutes By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar weakened Wednesday, handing back some of the previous session’s outsized gains, with traders looking for fresh clues on future U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. At 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket […]