EUR/USD fluctuated during the trading session on Thursday, but is up 0.14% on the week. Risk aversion in financial markets remains unless tensions between Ukraine and Russia ease. EUR/USD has a neutral bias, but downside risks remain as long as the pair remains below 1.1400. On Thursday, amid rising tensions in the Russia-Ukraine crisis, the […]
Tag: Macroeconomy
USD/JPY dips below 115.00 amid escalating Russia-Ukraine conflict
USD/JPY extends its decline on the week, down 0.38%. US jobless claims rose more than expected, while the Philadelphia Fed fell more than expected. Rising tensions from the conflict between Russia and Ukraine increased the appeal of the JPY’s safe haven status. USD/JPY Technical Outlook: The break of 115.00 exposed the 114.14 level. On Thursday, […]
Markets remain on edge as geopolitics remain in the spotlight
This is what you need to know to trade today Thursday February 17: Markets remain cautious on Thursday as investors struggle to determine whether or not there will be a military conflict between Russia and Ukraine. US Treasury yields are down, the US dollar index is up, and US stock futures are down 0.3%-0.5%. Later […]
AUD/USD rises around 0.7185 amid risk-off conditions
AUD/USD extends its gains on the week, rising as much as 0.78%. Rising tensions in the conflict between Russia and Ukraine could not stop the risk-sensitive AUD from rising. The Fed’s Kashkari and Harker favor “gradual” 25bp hikes for fear of triggering a recession. AUD/USD in the short term is biased to the upside but […]
Risk flows cool as focus shifts to US data and FOMC minutes
This is what you need to know to trade today Wednesday February 16: The positive change observed in the market sentiment due to the increase in hopes of a de-escalation of the conflict between Russia and Ukraine allowed risk flows to dominate financial markets on Tuesday. Investors, however, remain cautious early on Wednesday after US […]
Dollar weakens modestly, investors remain focused on geopolitics
This is what you need to know to trade today Tuesday February 15: Markets remain relatively calm early on Tuesday after Monday’s flight to safety as investors remain focused on geopolitics. The dollar is struggling to preserve its strength against its main rivals and US futures are trading flat in the European morning. Eurostat is […]
GBP/USD pulls back from daily highs at 1.3520 amid risk aversion
The British pound starts the week on the wrong foot, fueled by geopolitical jitters and Brexit. The market mood is bearish as tensions between Ukraine and Russia continue to rise. The odds of the BoE rising 50 bps are 50%, per money market futures. Money market futures have priced in 100 bps of Federal Reserve […]
Focus on central bank speeches and Russia-Ukraine news
This is what you need to know to trade today monday february 14: Safe-haven money flows dominated financial markets ahead of the weekend amid renewed fears of a military conflict between Russia and Ukraine. Investors remain cautious early Monday. The economic calendar will not feature any high-impact data releases and risk perception is likely to […]
Major pairs move sideways, focus on EU and US CPI forecasts.
This is what you need to know to trade today Thursday February 10: The Dollar Index extends its sideways move near the 95.50 area after closing flat on Wednesday as investors await the next significant catalyst. The European Commission will publish its Economic Growth Forecasts during European trading hours. In the second half of the […]
EUR/NZD loses 100 pips in two days from weekly highs, breaks below 1.7100
In the last week, the EUR gained 400 pips after the ECB’s Lagarde failed to delay a 2022 rate hike. The central bank’s monetary policy divergence favors the NZD against the EUR. EUR/NZD Technical Outlook: Neutral, but a daily close below 1.7094 could see the pair drop towards 1.6940. The EUR/NZD extends its losses to […]
