The NZD extends its gains on the week, rising as much as 0.62%. On Tuesday, the sell-off in global equities accelerated, while in the currency space, risk-sensitive currencies rose against safe-haven pairs. RBNZ: Money Market futures are priced at 100% chance of a 25bp rise, while the chance of a 50bp rise is 30%. During […]
Tag: Macroeconomy
IFO business climate improves to 98.9 points in February vs. 96.5 forecast
The German IFO business climate index continued to improve in February. IFO notes that the conflict in Ukraine remains a risk factor. The Germany’s general IFO business climate index has improved to 98.9 points in February from 96.00 (reviewed from 95.7) seen in January. This reading was higher than the market expectation of 96.5. Other […]
Dollar holds its ground as risk aversion takes control
This is what you need to know to trade today tuesday february 22: The safe haven money flows began to dominate financial markets late on Monday after the Kremlin announced that Russian President, Vladimir Putin, would sign a decree to recognize the breakaway regions of eastern Ukraine, Donetsk and Luhansk, as independent nations. As of […]
GBP/USD remains higher around 1.3615 amid rising tensions in Europe
The British pound maintains its daily gains after the positive economic data from the United Kingdom amid the rally in Eastern Europe. The dollar continues to trade weaker despite the appetite for safe haven pairs. GBP/USD Technical Outlook: Neutral-Upside despite 200 DMA residing above the exchange rate. GBP pulls back from daily highs amid rising […]
USD/RUB jumps to 78.80 and gains almost 2% on rising tensions in Eastern Europe
The USD/RUB has gained 6.44% in the last three days. Separatist leaders sought recognition from Russian President Putin, which could undermine talks between Russian and US officials. USD/RUB Technical Outlook: Escalating conflict could fuel a jump to 80.41, followed by 80.95. The USD/RUB It is up 1.54% during the American session, trading at 78.81 at […]
Risk sentiment improves at the start of the week, focus on PMI data and geopolitics
This is what you need to know to trade today monday february 21: Rising geopolitical tensions over the weekend, with Russia and Belarus extending military drills in eastern Ukraine, have seen markets start the week cautiously. However, the news that the US president, Joe Biden has agreed to meet with his Russian counterpart, Vladimir Putin, […]
NZD/USD falls below 0.6700 as Russia-Ukraine headlines worsen market mood
NZD/USD falls 0.04% in the American session on Friday. Russia/Ukraine headlines dominate the mood of market participants as uncertainty clouds investors. Williams, the New York Fed, favors a gradual increase in rates to the upside, pushing back the possibility of 50 bps in March. The NZD/USD looks to end the week on a higher note, […]
USD/JPY slides off daily highs but holds on to 115.00 zone
USD/JPY is losing 0.23% amid a mixed market mood for the week. DXY approaches 96.00 despite rising tensions in Ukraine. The Fed’s Bullard and Mester are in favor of raising rates at a faster pace. USD/JPY Technical Outlook: Trending up, but a daily close below the 50-day DMA would open the door towards 114.00. The […]
Dollar remains strong as risk flows return
This is what you need to know to trade today friday february 18: The Market sentiment appears to have improved early on Friday, with Russia announcing a troop withdrawal ahead of US President Joe Biden’s meeting with the leaders of Canada, France, Germany, Italy, Poland, Romania, Great Britain, the EU and NATO. Despite the positive […]
Dollar Holds Firm as Risk Flows Return
This is what you need to know to trade today friday february 18: The market mood appears to have improved early on Friday with Russia announcing a troop withdrawal ahead of US President Joe Biden’s meeting with leaders from Canada, France, Germany, Italy, Poland, Romania, Britain, the EU and NATO. Despite the positive change in […]
