“The explosive spread of the Omicron variant of COVID is increasing the risks of more severe restrictions,” said analysts at Societe Generale. “These would depress economic activity again, but a lot depends on how many people develop severe symptoms.” Featured statements “Reliable evidence will take a few weeks to emerge. That said, what is clear […]
Tag: Macroeconomy
Safe-haven flows dominate markets early in the week
This is what you need to know to trade today Monday, December 20: With the central bank meetings concluded, the perception of risk is dominating the financial markets at the beginning of the week. The growing number of Omicron cases globally and heightened concern over tighter restrictions prompted a flight to safety on Monday. There […]
Dollar Consolidates Losses As Investors Evaluate Central Bank Decisions
This is what you need to know to trade today Friday, December 17: The US dollar index (DXY) closed in negative territory on Thursday as the British pound and the euro rallied on the optimistic outlook from the Bank of England (BOE) and the European Central Bank (ECB). Before the weekend, the greenback is consolidating […]
USD / CAD falls below 1.2800 amid bullish market
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The US dollar is under strong selling pressure, down around 0.55% against the Canadian dollar. The Fed’s monetary policy decision was seen as a “buy the rumor, sell the fact” event, as evidenced by US stock indices at record highs. USD / CAD technical outlook: A double top is looming on the daily chart, targeting […]
Philadelphia Fed Manufacturing Index falls to 15.4 points in December from 30.0 expected
According to the Federal Reserve Bank of Philadelphia report released Thursday, the manufacturing activity index from the Manufacturing Business Outlook Survey fell to 15.4 points in December from 39.0 in November. That was a much larger drop than the expected drop to 30.0 points. About the Philadelphia Fed Manufacturing Index It is an index on […]
EUR / USD retreats from daily highs around 1.1320
-637751017189911555.png "EUR / USD retreats from daily highs around 1.1320")
The EUR / USD pair falls during the New York session, down 0.08%. The monetary policy decisions of the Fed and the ECB will be crucial in the direction of the EUR / USD. Fed: A faster reduction in the bond buying program and signs of the possibility of a rate hike would be bullish […]
S&P 500 falls below 4700 as investors focus on the Fed
-637750962857477942.png "S&P 500 falls below 4700 as investors focus on the Fed")
The S&P 500 falls 1.11%, currently stands at 4,615.85. The Nasdaq and the Dow Jones lost between 0.44% and 1.74%, to 15,802.13 and 36,494.29, respectively. S&P 500 Technical Outlook: Still bullish, but a negative divergence between price action and RSI could send the S&P lower. The S&P 500 fell during the New York session, at […]
WTI around $ 71 as investors weigh Omicron’s impact
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US crude oil prices tumble 1.20% as the first Omicron-related death sparks fears over the new variant. Crude oil demand could decline if Ómicron exacerbates the previous variations. WTI Technical Outlook: Has a bullish bias, but the 200 DMA is at risk. The US crude oil benchmark Western Texas Intermediate (WTI) is sloping lower during […]
Initial weekly jobless claims drop to 184,000 from 215,000 expected
Initial jobless claims fell to 184,000 last week according to the Department of Labor Lowest reading since 1969. There was 184,000 initial claims for unemployment benefits in the United States for the week ending December 4, data released by the United States Department of Labor on Thursday revealed. This marks a new post-pandemic low. and […]
USD / MXN falls below 21.00 amid mixed market sentiment
USD / MXN extends the weekly decline, falling for the third day in a row. Mixed market sentiment favors risk-sensitive currencies like the MXN to the detriment of the USD. USD / MXN Price Forecast: Has a bullish bias unless the MXN bulls stay below 21.00. The USD/MXN it is falling during the American session, […]
