The Sentix index of investor confidence in the euro zone stood at -31.8 points in September, compared to -25.2 in August and -27.5 expected. The index interrupted its recovery amid growing fears of a recession. The eurozone current situation index fell to -31.8 points in September, from -25.2 in August. The expectations index fell to […]
Tag: Sentiment
Forex Today – Asian Session: The dollar continues to lose
What to watch for on Friday, September 2: Financial markets started September on the wrong foot, as recession-related concerns were exacerbated by China’s announcement that Chengdu, a city of roughly 21 million people, has been placed in lockdown over coronavirus. The US dollar rose, helped by upbeat local data and gloomy markets. In Europe, attention […]
Forex Today – Asian Session: Beware EU Inflation Overheating
What to watch for on Wednesday, August 31: The gloomy market environment eased early on Tuesday, although investors are far from optimistic. The USD lost some ground during the first half of the day, mostly against its high yielding rivals, but rallied during US trading hours, rising against most major rivals except the Euro. The […]
Forex Today – Asian Session: Dollar buyers between a rock and a hard place
What to watch for on Tuesday, August 30: The dollar started the week strong, but ended the day with modest losses across the currency board. Market traders were caught between recession fears and hawkish politicians hinting at tighter monetary policies. Following the Jackson Hole Symposium, the odds of a 75 basis point US Federal Reserve […]
USD/JPY Price Analysis: Rebounds to multi-week highs around 139.00
USD/JPY hit a fresh 7-week high at 139.00. Once the 139.00 figure is broken, USD/JPY’s year-to-date high is at 139.38 as the pair heads towards 140.00. The USD/JPY continued its rise, underpinned by rising US Treasury yields, on Monday, amid bearish sentiment fueled by Jerome Powell’s speech last Friday. He reiterated the Fed’s commitment to […]
Forex Today – Asian Session: Caution Prevails Ahead of Jackson Hole
What to watch for on Thursday, August 25: The dollar wavered between gains and losses, ending the day mixed, but little changed on the currency board. The US currency advanced earlier in the day but gave up some ground after the Wall Street open as US stocks managed to post modest gains. In the United […]
Forex Today – Asian Session: Dollar soars on hopes US can avoid recession despite aggressive Fed
What to watch for on Friday, August 19: The USD strengthened during US trading hours, rising across the currency board. Market traders appreciated a number of encouraging US macroeconomic figures that suggest the economy has a good chance of skipping recession, even though it is technically in the process of doing so. Investors have changed […]
AUD/USD approaches 0.6900, with a mixed mood
AUD/USD posts minimal losses of almost 0.20% due to fragile market sentiment. US employment data, coupled with industrial production and retail sales, provide enough ammunition for a further Fed rate hike in September. The Australian employment report was softer than estimated, although the unemployment rate dipped to 3.4%. The AUD/USD parried some losses from Wednesday, […]
EUR/USD falls sharply from five-week highs, below 1.0300
EUR/USD is reeling to hold above 1.0300, preparing to end the week with gains of just 0.21%. US consumer sentiment rises to a three-month high, while inflation expectations remain mixed. Fed’s Daly: Far from declaring victory, he supports a 50 basis point hike as a base for the September FOMC. EU industrial production surprised to […]
Forex Today – Asian Session: Market participants are watching US inflation data.
What to watch for on Wednesday, August 10: The EUR extended its weekly decline throughout the first half of the day, but managed to recover some ground during the US session. However, volatility in financial markets was limited amid US inflation figures. Market traders are awaiting the US consumer price index, hoping that price pressure […]