Market Update – February 7 – USD Holds on to Gains, Stocks Flat, Oil Rallies
Trading Leveraged Products is risky RBA raised rates as expected by 25bp & signaled more to come – AUD rallied, USD holds at recent 1-mth highs & Yields remain elevated too. US Stocks closed lower but Asian markets & European FUTS are higher. Google announced “Bard”, Baidu “Ernie Bot” and […]
Rallies back above 0.9250 reclaim the 20-DMA as bull’s eye the 50-DMA
The US Dollar strengthens across the FX space, a tailwind for the USD/CHF. USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA. The USD/CHF is surging sharply during Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is […]
Asia FX rallies, dollar tumbles as markets bet on Fed pivot By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The rose 0.4% and came close to a […]
Australian dollar rallies on red-hot inflation, Asia FX muted By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Australian dollar rallied to a five-month high on Wednesday after fourth-quarter consumer inflation read higher than expected, while most Asian currencies moved little as fears of a global recession offset optimism over a potential economic recovery in China. The jumped nearly 1% to 0.7115 against the dollar, […]
Market Spotlight: EUR Rallies on Hawkish ECB Comments
Knot Reaffirms Hawkish ECB OutlookEUR has started the week on a strong footing following further hawkish ECB commentary over the weekend. Dutch ECB member Klaas Knot told reporters over the weekend that he believes the ECB will hike rates by a further .5% at both the upcoming February and March meetings. Furthermore, Knot warned that […]
Asia FX rallies on China reopening, yuan at over 4-mth high By Investing.com
By Ambar Warrick Investing.com– Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The jumped 0.7% to 6.7912 against the dollar, its strongest […]
GBP/USD rallies sharply above 1.2070 on disappointing US Services PMI
The GBP/USD soared close to 1.50% on disappointing US ISM Services data. Hawkish Fed speaking failed to weigh on the GBP/USD. Next week’s economic calendar would feature UK GDP, and US CPI reports. The Pound Sterling (GBP) extended its gains against the US Dollar (USD), surging more than 160 pips on Friday, following a disappointing […]
Looking to Sell the S&P 500 on Rallies Into Resistance • 2nd Skies Trading
One of the main themes in the Benzinga Option School this week was how prominent the 380 strike was in terms of option flows. Our internal analytics showed how 380 is the largest strike by call + put gamma with 370 being the largest strike by put gamma only. The large concentration of positions at […]