In recent hours, the euro’s decline continues, hovering around 1.1300. The Fed’s Bostic and Daly point to a faster reduction in bonds, Barkin preferring to keep pace with $ 15 billion. The EUR / USD break below 1.1300 could pave the way for a retest of the yearly low at 1.1186. The EUR falls sharply […]
Tag: Macroeconomy
GBP / USD cuts three-day losses in a row and approaches 1.3300
The pound sterling advances amid mixed market sentiment, favored by the increase in US equities. Ómicron’s nervousness – COVID-19 appears to diminish as investors’ appetite for risk moderately improves. GBP / USD technical outlook: On the 4-hour chart, the 50 SMA has capped any bullish movement of the British pound three times, at press time […]
USD / JPY retreats from the 50 DMA, falls back below 113.00 despite stronger macroeconomic data from the US.
USD / JPY found resistance at its 50 DMA and fell below 113.00 Other strong US data have not supported the pair. Currency markets are in wait-and-see mode ahead of Friday’s NFP. The USD/JPY found resistance at its 50-day moving average in previous trading in a telltale sign that, despite short-term and real US yields […]
USD / CAD clings to 1.2800 amid mixed risk sentiment
The loonie falls for the third day in a row amid mixed risk sentiment and unchanging oil prices. USD / CAD remained subdued around the 1.2775-1.2829 range. Fed lawmakers in favor of a faster cut: Bullard, Bostic, Mester and Powell. The USD / CAD It extends its gains for the third day in a row, […]
EUR / USD rises towards 1.1350, but stalls within recent ranges as NFP figures loom
EUR / USD has risen to 1.1340, but remains stagnant within recent intraday ranges. More robust macroeconomic data from the US has been ignored, focusing on Friday’s US employment report. The EUR/USD continues to trade within recent intraday ranges in the 1.1300-1.1350 zone as currency markets take a breather from the high volatility of recent […]
Top pairs in family ranges as investors await Friday’s NFP jobs report
This is what you need to know to trade today Thursday, December 2: Major currency pairs struggled to make a decisive move in either direction on Wednesday, as investors paid little to no attention to high-level data releases from the United States. The president of the FOMC, Jerome Powell, reiterated his observations on the prospects […]
Covid variant Ómicron threatens global economic recovery
Covid’s new Omicron variant expected to derail global economic recovery and threaten inflation outlookMoody’s Investors Service said in its latest report. Featured Comments “Just as many countries were moving to a semblance of post-pandemic normalcy, the variant Ómicron has injected a new uncertainty“. “However, the experience that follows the emergence of other variants, particularly the […]
USD / JPY is hovering around 113.00, amid rising US Treasury yields.
USD / JPY is down for the fifth day in a row, losing more than 0.05%. An upbeat market sentiment weighed on the dollar as the DXY dips below 96.00. Crucial USD / JPY support will be found at the November 9 low at 112.72. The USD/JPY it plummets for the fifth day in a […]
OECD estimates world GDP growth of 5.6% in 2021, 4.5% in 2022 and 3.2% in 2023
In its latest economic outlook released on Wednesday, the Organization for Economic Cooperation and Development (OECD) said it estimates world GDP growth will be 5.6% (revised from 5.7%) in 2021, 4.5% in 2022 and 3.2% in 2023, according to Reuters. OECD sees growth U.S 5.6% in 2021, 3.7% in 2022 and 2.4% in 2023 (compared […]
AUD / USD Recovers 0.7100 After Dropping To New Yearly Low At 0.7062 On Aggressive Comments From Powell
AUD / USD hit a new 2021 low at 0.7062 amid aggressive comments from Fed Chairman Powell. Short-term US bond yields advance, while 10-year yields fall to 1,449%. The US dollar index recovers 96.00 but remains bearish, losing 0.24%. After cutting some of last Friday’s losses on Monday, the AUD/USD it falls sharply during the […]
