ForexLive Asia-Pacific FX news wrap: USD a touch weaker, not much in it
In Asia Tuesday markets remained closed in: for Lunar New Year holidays. The full list of the extended Asian timezone holidays can be found here: The absence of key markets meant thin liquidity trade in the region. News flow was limited. We did get preliminary PMIs for January from Australia and Japan. These tend to […]
ForexLive European FX news wrap: Mixed dollar amid mixed markets
Headlines: Markets: AUD leads, JPY lags on the day European equities slightly higher; S&P 500 futures up 0.1% US 10-year yields up 2.2 bps to 3.506% Gold flat at $1,927.16 WTI crude up 0.6% to $82.15 Bitcoin up 2.6% to $22,912 It was a largely quiet session as broader markets are taking a cue from […]
Forexlive Americas FX news wrap: Fed’s Waller gives the market a boost to end the week
There was little in the way of economic data today, but there was some final Fedspeak to end the week. It also would the last opportunity for Fed officials to speak ahead of their blackout period before the Fed meeting and decision on February. Fed’s George and Waller were both speaking. George is not a […]
ForexLive European FX news wrap: Yen falls, dollar steady in final stretch of the week
Headlines: Markets: NZD leads, JPY lags on the day European equities slightly higher; S&P 500 futures up 0.1% US 10-year yields up 4 bps to 3.433% Gold down 0.2% to $1,927.98 WTI crude up 0.2% to $80.49 Bitcoin up 0.3% to $21,014 It was a relatively quiet session with the dollar sitting more mixed across […]
Russell 2000 Technical Analysis | Forexlive
The recent rally in the Russell 2000 that was based on “soft landing” hopes as the labour market data continues to show strength and the inflation data moderates, got sort of a wake up call with the latest retail sales report which showed a big miss to the expectations and the previous numbers were revised […]
Nasdaq Composite Technical Analysis | Forexlive
Perhaps most importantly for the technical analysis for the Nasdaq Composite, the market reacted positively to the beat in the NFP data and the miss in Average Hourly Earnings and the ISM Services PMI. The Fed Chair Powell has not touched on monetary policy or recent set of data and the CPI report came out […]
Forexlive Americas FX news wrap: The major indices post the 2nd consecutive positive week
The ghost of 2022 is behind us in the stock market as the major indices closed higher for the 2nd consecutive week to start the new year. The gains have been led by the Nasdaq which rose by an oversized 4.82% this week (largest 1 week gain since November 7 week), after rising by near […]
Russell 2000 Technical Analysis | Forexlive
The recent economic data gave the Russell 2000 and the market reason to break out of the Christmas holidays range and the bullish sentiment looks to be strong. The beat in NFP numbers and the miss in AHE (Average Hourly Earnings) made the market to expect a goldilocks scenario: strong labour market without wage inflation. […]
ForexLive Asia-Pacific FX news wrap: USD/JPY dumps on BOJ review report
The Bank of Japan policy meeting is next week, on January 17 and 18. Yomiuri (Japan media) reported today that in this meeting the Bank will review the side effects of its monetary easing and may take additional steps to correct distortions in the yield curve. You’ll recall that at the meeting in December the […]
Forexlive Americas FX news wrap: Dollar steady but risk trades rip ahead of CPI
Markets: WTI crude oil up $2.49 to $77.61 US 10-year yields down 8.3 bps to 3.53% Gold down $1 to $1876 S&P 500 up 48 points to 3988 AUD leads, CHF lags The big mover in Wednesday’s trade was the Swiss franc as EUR/CHF broke out of a multi-month range and shot above the 200-day […]