Barclays on month-end USD trade
Via eFX: Barclays Research provides the output of its month-end fixing model. “The passive rebalancing model at month-end points to strong USD selling against all majors except for EUR and JPY, where the signal is moderate,” Barclays notes. “We now publish our month-end signal earlier. Our analysis shows that trading earlier (a few days before […]
Fed to hike 25bps; the bar is high to flip the status quo for USD – TD
TD Research discusses its expectations for next week’s FOMC policy meeting. “We expect a 25bp rate hike at next week’s FOMC meeting taking the Fed funds target range to 4.50%-4.75%, and raising the IOER and RRP rates to 4.65% and 4.55%, respectively. The move would be the second consecutive downshift in hiking pace by the […]
USD: back to normal life. Forecast as of 27.01.2023
2023.01.27 2023.01.27 USD: back to normal life. Forecast as of 27.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The global economy is going through periods of rapid spikes and falls. It doesn’t matter what causes them, the pandemic or the war in Ukraine. But sooner or later everything returns to normal. Let’s discuss this topic and make up a trading plan […]
Intraday Analysis – USD tries to stabilise
USDCHF grinds support The US dollar builds a base ahead of the Fed rate decision next week. An initial pop above 0.9240 has prompted short-term sellers to cover some of their bets. Though 0.9280 along the 30-day moving average has proven to be a tough level to crack for the time being. […]
USD Support Test Into a Heavy Week of Data
US Dollar Talking Points: The US Dollar printed a doji on the weekly bar, holding right around the 102 level that’s the 50% mark of the 2021-2022 major move. Fundamentals are driving the market next week as we get the FOMC on Wednesday followed by the Bank of England and the European Central Bank on […]
US Breaking News: Q4 GDP Surges to 2.9% on the Quarter, USD Dips
GDP continues to show the US economy’s resilience despite warnings of a growth slowdown. Even the employment data showed positive signs in an already tight market Source link
US Data Surprises Helps the USD to Stage Mini-Rebound
Currency markets continue to remain in a relative equilibrium with FX majors fluctuating in fairly narrow ranges. US broad equity indices also lack direction, the key benchmark of the market, S&P 500, after two mini-selloffs to 3900 and 3960 in January, remains tied to the level of 4000 points. Oil (WTI benchmark) has been rising […]
USD: without black swans. Forecast as of 26.01.2023
2023.01.26 2023.01.26 USD: without black swans. Forecast as of 26.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Divergence in economic growth continues to support the EURUSD bulls. If the outlook for the eurozone improves, a recession is likely to begin in the US. Let’s discuss this topic and make up a trading plan. Weekly US dollar fundamental forecast When the situation […]
Market Update – January 26 – BOC Pause, TESLA Beat, USD at lows
Trading Leveraged Products is risky HK markets reopened today and rallied +2.15%, other Asian markets were softer following a weak handover form Wall Street (opened -1.6% but recovered to close flat) Gold remains at 9-mth highs and USD at 8-mth lows. The Dovish 25bp hike from the BOC hit the CAD (USDCAD hit 1.3430 from 1.3340); […]
Intraday Analysis – USD struggles to bounce
EURUSD continues higher The euro finds support from upbeat PMIs in the eurozone. On the daily chart, the close above last May’s high of 1.0770 continues to fuel the upward thrust. The price action has so far consolidated its gains above this resistance-turned-support, making it a major level to keep the single […]