ForexLive European FX news wrap: The post-NFP vibes continue to play out
Headlines: Markets: GBP leads, JPY lags on the day European equities lower; S&P 500 futures down 0.6% US 10-year yields up 6.7 bps to 3.598% Gold up 0.5% to $1,873.82 WTI crude up 0.6% to $73.82 Bitcoin down 0.1% to $22,912 The day started off with a focus on Japan after the yen opened with […]
US Dollar Blazes Higher on Solid Data as Geopolitics Play Out. Where to for USD?
US Dollar, DXY Index, USD, NFP, Fed, BoJ, USD/JPY, Nikkei 225, China – Talking Points US Dollar resumed strengthening today after Friday’s massive rally Risk assets appear vulnerable as Fed rate hike expectations re-accelerate If the US economy is booming, will the Fed act and what will it mean for USD? Recommended by Daniel McCarthy […]
How to play the short term trend accelerating higher
Introduction VolatilityMarkets suggests top quant trade ideas to take advantage of trending markets. Market summary SPCE last price was $ 6.34. In the short term Virgin Galactic has been accelerating higher. In the long term Virgin Galactic has been accelerating higher. Over the past 22 days, the SPCE price increased 16 days and decreased 6 […]
Wouldn’t say that disinflationary process is already at play
Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the press following the Governing Council’s decision to hike key rates by 50 basis points in February. Key takeaways “I can’t think of scenarios where 50 bps hike would not happen unless they’re […]
Dollar tumbles as Fed says disinflation in play By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar slid on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confidence that the end […]
Room for the South African Rand to play catch up with ongoing rally in EM FX – MUFG
Analysts at MUFG Bank see the USD/ZAR moving to the downside over the next days. They point out the South African Rand has failed to strengthen alongside other Emerging Market currencies on the back of building optimism over a dovish Federal Reserve policy pivot and China’s economy reopening more fully this year. Key quotes: “The […]
GC 1923 Still in Play – Can Bulls Tag 2k?
Gold Talking Points: The bullish trend in Gold has continued with another fresh seven-month-high printing yesterday, just inside of the 1950 level. Buyers were unable to do much after that test, however, and prices have slid right back to the key level of 1923, which was the all-time-high for almost nine full years before the […]
S&P 500, Nasdaq, Dow Jones Forecast: 200 DMAs in Play
Indices Talking Points: US equities put in a pullback this morning with the S&P 500 finding support at the 200-day moving average. The Nasdaq is holding trendline resistance with the next significant spot of resistance at the 200-day moving average. And the bullish trend in the Dow that led the way higher in Q4 remains […]
USDJPY ping pongs with trend lines in play
USDJPY ping pongs between trend lines The USDJPY – and all of the major currency pairs – is in a volatile up and down range. The earlier move in the US session was a move to the upside where the price stretched above the 50% of the January range at 130.989. However, the price ran […]