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The news and analysis archive

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The news and analysis archive
Gold, Dow Future stumbled as Fed Chair Powell almost confirmed QE tapering to tightening by 2022

Gold, Dow Future stumbled as Fed Chair Powell almost co...

Gold (XAU/USD-spot) made a 6-week high 1813.81 early Friday (U.S. session) on broader weakness in USD as USDJPY slips, and EURUSD edged up amid upbeat/mixed Japanese/Eurozone econo...

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22
Oct

Services/Manufacturing PMI, Canadian Retail Sales, Bitc...

While the dollar recovered some losses on Thursday, leading to the EUR/USD rate falling as low as 1.162, by Friday morning the dollar was again seen weaker. Many USD-EM pairs were ...

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Dow slips from a record high on the lingering concern of inflation but recovered

Dow slips from a record high on the lingering concern o...

·         Dow Future recovered on upbeat earnings, lower jobless claims, and less hawkish Fed talks On early Thursday, Dow Future slips from a record high on the lingering concern ...

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21
Oct

Intel and Snap Earnings, US Jobless Claims, Bitcoin at ...

The dollar traded again overall weaker against most major and emerging market currencies with the weakness of the greenback allowing even the USD/TRY pair, which hit a new all-time...

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EURUSD stumbled as BUBA chief Weidmann, a known hawk, announced resignation unexpectedly

EURUSD stumbled as BUBA chief Weidmann, a known hawk, a...

EURUSD stumbled from 1.16640 to a low around 1.16160 early Tuesday as BUBA chief Weidmann, a known policy hawk, announced his resignation quite unexpectedly. Weidmann will step dow...

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20
Oct

IBM, Tesla Earnings, EU and Canada CPI, EIA Oil Data

With the dollar clearly trading lighter against other major and EM currencies even the Turkish lira (TRY) managed for once to consolidate and trade lower in the USD/TRY pair on Tue...

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GBPUSD jumped on an imminent rate hike jawboning by BOE Governor Bailey to control inflation expectations

GBPUSD jumped on an imminent rate hike jawboning by BOE...

GBPUSD made a 5-week high around 1.3832 early Tuesday and off the low 1.3412, jumped almost +2.60% in October (till date) on an imminent rate hike jawboning by BOE Governor Bailey ...

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19
Oct

US Housing Starts, Permits, Japanese Trade Balance

While the dollar was relatively stable against other major currencies as seen in the performance of the USDX, multiple emerging market pairs including the USD/MXN and USD/RUB turne...

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Oil soared on global energy crisis and no additional production hike by OPEC+

Oil soared on global energy crisis and no additional pr...

Oil (WTI-Oct Exp) soared to a 7-year high of 83.87 early Monday on the global energy crisis and no additional production hike by OPEC+. Oil jumped almost +21% in September and Octo...

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18
Oct

US Industrial Production, Housing Market Index

The USD/TRY pair was once again up on Friday and pushed even higher after opening on Monday night. This was the eight trading day in a row when the lira ended up weaker against the...

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Dow soared on upbeat earnings, retail sales, and signs of moderate BBB plan with a moderate tax hike

Dow soared on upbeat earnings, retail sales, and signs ...

Dow Future soared almost +500 points Friday on upbeat earnings and retail sales after another +527 points rally Thursday. Dow was also boosted by signs of a moderate BBB (Build Bac...

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September FOMC minutes show Fed now preparing the market from QE tapering to liftoff to control inflation

September FOMC minutes show Fed now preparing the marke...

On Wednesday, all focus was on FOMC minutes apart from U.S. inflation data. Overall, September FOMC minutes show Fed may start QE tapering from Nov-Dec’21 with $15B/M tapering, whi...

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15
Oct

U.S. Retail Sales, Consumer Sentiment, EU Trade Balance

The dollar traded overall weaker against other major and emerging market currencies. While for example the USD/MXN pair traded over the past day relatively unchanged, the USD/RUB p...

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Dow roared back on upbeat earnings, signs of inflation easing, and further drops in jobless claims

Dow roared back on upbeat earnings, signs of inflation ...

Dow Future stumbled to a multi-day low around 33986 Wednesday on stagflation concern as inflation expectations soared. Fed officials are increasingly sounding cautious about inflat...

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Wall Street stumbled on stagflation concern as inflation expectations soared

Wall Street stumbled on stagflation concern as inflatio...

Dow Future stumbled to a multi-day low around 33983 early Asian Tuesday on stagflation concern as inflation expectations soared. Fed officials are increasingly sounding cautious ab...

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14
Oct

Canada Manufacturing Sales, US Jobless Claims, EIA Oil ...

With the dollar trading clearly weaker on Wednesday against other majors as seen in the performance of the USDX, many emerging market pairs also followed that direction like the US...

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13
Oct

EU Industrial Production, US CPI, Australian Unemployme...

While the U.S. dollar traded overall stronger against other major currencies as the USDX basket continued rising, among emerging markets the movements were quite mixed. Pairs like ...

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12
Oct

German ZEW Survey, CPI, UK Unemployment Data

The USD/TRY pair continued to push higher, reaching a new all-time high by Tuesday morning above 9.0 for the first time ever. The USD/ZAR pair was also moving higher on Monday, tra...

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Gold stumbled on Goldilocks progress of US employment and higher bond yields amid stagflation concern as oil hits $82

Gold stumbled on Goldilocks progress of US employment a...

Gold (XAU/USD-spot) made multi-day high around 1781.28 early U.S. session Friday after ‘terrible’ U.S. NFP job report. But Gold soon stumbled from the NFP high after fine prints of...

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11
Oct

Italian Industrial Production, Oil at New 7-Year High

While among the major currencies the Canadian dollar (CAD) was one of the best performers on a weekly basis as the USD/CAD pair was down by 1.32%, in emerging markets the Russian r...

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