The NZD rises along with risk sensitive pairs like the AUD and GBP, the US dollar weakened. Fed Chairman Powell: “If we have to raise interest rates more over time, we will.” NZD / USD has a neutral-bearish bias as the pair faces the confluence of the 50, 100 and 200 moving averages on the […]
Tag: Macroeconomy
XAU / USD extends its rally for the third day in a row, remains above $ 1,800
Falling US Treasury yields weigh on the US dollar and boost the underperforming metal. On Tuesday, some members of the Fed will make statements. Federal Reserve Chairman Powell is giving a speech right now. The oro extends its rally, rises for the third day in a row, while US Treasury yields, particularly 10-year yields, fall […]
GBP / USD fails to break through the 1.3600 level
The pound sterling just lost 0.12% at the end of the American session. Risk aversion and rising US Treasury yields boosted the USD, hurting the pound. GBP / USD is neutral, although a break above 1.3600 would expose a challenge from the 200 DMA. On Monday, expectations of rising US central bank rates and Omicron […]
AUD / USD struggles around 0.7250
Risk sensitive currencies are lower in the North American session. Goldman Sachs expects four raises from the Fed in 2022, according to Reuters. AUD / USD is biased lower, descending from a trend line of support turned resistance. The AUD it plummets as the American session begins, amid risk aversion, as evidenced by US equity […]
Markets watch returns in the absence of high-level data releases
This is what you need to know to trade today Monday, January 10: Benchmark 10-Year U.S. Treasury Yield rose to its highest level in nearly two years on Friday and it helped the US dollar remain resilient against its rivals despite the disappointing December figure in the NFP non-farm payroll report. The US Dollar DXY […]
Prime Minister Morrison says the Omicron variant is affecting the workforce and consumer spending
Australian Prime Minister Scott Morrison acknowledged on Monday that the highly contagious variant of the coronavirus Ómicron is having an impact on the workforce and consumer spending from the country. Featured Comments “As case numbers continue to increase, the volume of cases of course will have an inevitable impact on the workforce“. “This is an […]
EUR / USD remains stable around 1.1350 after a mixed US non-farm payroll report.
US nonfarm payrolls disappointed, but the unemployment rate improved. Inflation in the euro area reaches 5%, exceeds estimates. EUR / USD Technical Outlook: The 1 hour chart shows a bullish bias, although a break above 1.1400 increases the chance of an attempt to hit the 100 DMA at 1.1500. After a mixed-than-expected US employment report […]
USD / CAD breaks below 1.2700 after Canadian and US employment data.
The Canadian economy added twice as many jobs as expected by economists, while the unemployment rate fell below 6%. US nonfarm payrolls disappointed, but the unemployment rate fell below 4%. USD / CAD Technical Outlook: A break below 1.2700 opens the door for a decline towards 1.2642. The USD / CAD is extending its slide […]
USD / MXN falls below the 100 DMA, hovers around the 20.44 level after the Banxico Minutes
The Mexican peso strengthens during the day, rising 0.73% against the dollar. The Minutes from the last Banxico meeting highlighted concerns about inflation and labor wages as new director Victoria RodrÃguez takes command of Banxico. Mixed macroeconomic data from the US weakened the dollar against the Mexican peso. On Thursday, during the American session, the […]
EUR / USD crosses the 1.1300 level after the US ISM services PMI.
The single currency has been unable to recover from the aggressive FOMC Minutes, down 0.13%. The US ISM services PMI decelerated although it remains in expansionary territory. Initial US jobless claims rose 207,000, 10,000 more than estimates. EUR / USD Technical Outlook: Biased to the downside, although a daily close below 1.1300 could accelerate a […]
