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The news and analysis archive

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The news and analysis archive
Wall Street, Gold surged as bond yield slumped on BOE QE

Wall Street, Gold surged as bond yield slumped on BOE Q...

Stock markets on both sides of the Atlantic and Gold, Silver were under stress on higher bond yields (borrowing costs) in early European sessions Wednesday on hawkish Fed/ECB talks...

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28
Sep

U.S. Pending Home Sales, Investor Confidence, EIA Data

The dollar strength continued to dominate the FX markets among both major and emerging market currencies. The USD/CNH pair continued to go up in a parabolic fashion, exceeding the ...

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Dow stumbled on surging bond yields and hawkish Fed talks

Dow stumbled on surging bond yields and hawkish Fed tal...

Wall Street Futures stumbled Tuesday on surging bond yields and hawkish Fed talks. Earlier in the U.S. opening sessions, Dow Future jumped over +300 points as benchmark U.S. 10Y bo...

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27
Sep

U.S. Housing Market Data, Consumer Confidence

While the dollar continues to remain in a very strong position against most other major currencies, some possibly excessive moves have been reversed with the GBP/USD pair recoveri...

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GBP plummeted further, USD surged; Dow, and Gold plunged

GBP plummeted further, USD surged; Dow, and Gold plunge...

Wall Street Futures tumbled further early Asian Sessions Monday after the GBPUSD flash crashed hitting a record low of around 1.03264; USD surged and Dow, Gold plunged. Wall Street...

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26
Sep

Cable at Record Low, Global Sell-Off, German Ifo Survey

As the dollar continued to appreciate this brought with itself considerate movements in connected markets such as the Cable (GBP/USD) falling to a new record low. While the USD/JPY...

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Wall Street tumbled on the concern of an all-out recession

Wall Street tumbled on the concern of an all-out recess...

Wall Street Futures tumbled further in early U.S. sessions Friday on the concern of an all-out recession not only from Powell/Fed talks but also after the new U.K. Government unvei...

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23
Sep

US Flash Manufacturing and Flash Services PMI, Fed’s Je...

The U.S. dollar took a breather on Thursday, slightly retracing from recent gains against most major peers, with the dollar index (USDX) ending the day lower by around 0.20%. Again...

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Wall Street slips as Fed Chair Powell sees no soft landing

Wall Street slips as Fed Chair Powell sees no soft land...

Wall Street Futures slips again in early U.S. sessions Friday and made a low around 33073, almost the same (33046) after Wednesday’s hawkish hike by Fed. The market is now only wor...

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22
Sep

US Unemployment Claims, BOE Official Bank Rate

The U.S. dollar jumped to a new all-time high against a basket of currencies on Wednesday, extending gains after the Federal Reserve raised interest rates and combined that with a ...

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USD surged, Dow, Gold slumped after a hawkish hike by Fed

USD surged, Dow, Gold slumped after a hawkish hike by F...

On Wednesday, all focus was on the Fed policy meeting and SEP (Summary of Economic Projections) or dot plots for the Fed’s thinking about rate actions in 2023. On Wednesday, as una...

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21
Sep

FOMC Decision, Existing Home Sales, EIA Oil Date

The dollar continued to strengthen its position against other major and emerging market currencies. The USD/CNH pair continued to push higher towards yet another two-years high, th...

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Dow plunged as Fed may hike another 275 bps by H1CY23

Dow plunged as Fed may hike another 275 bps by H1CY23

Wall Street Futures plunged Tuesday ahead of Fed (Wednesday) on the concern of faster tightening as Fed may hike another 175 bps by Dec’22 to +4.25%. And not only the Fed, but on t...

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Oil slips on the concern of higher supply and lower demand

Oil slips on the concern of higher supply and lower dem...

Oil (WTI-Oct Exp) slips to an 8-days low of around 81.78 Monday on the concern of higher supply and lower demand. Oil tumbled to an almost 8-month low (~81.20) on synchronized glob...

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20
Sep

German PPI, Canadian CPI, U.S. Housing Market Data

The U.S. dollar remained for now fairly unchanged with the USD/JPY rate coming down a bit after reaching a new 24-years high earlier this month. The Turkish lira continued to weake...

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19
Sep

Canadian PPI, U.S. Housing Market Index, New Zealand Co...

FX markets were overall fairly calm towards the end of the week. Among the major pairs a notable development was that the USD/CAD pair reached a new high since November 2022. A sig...

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Dow Future bounced back on the ease of inflation expectations

Dow Future bounced back on the ease of inflation expect...

Wall Street Futures plunged to an 8-week low early Friday U.S. sessions on FedEx guidance warning and the concern of synchronized global recession. FedEx plunged after the logistic...

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16
Sep

EU CPI, U.S. Consumer Sentiment and Inflation Expectati...

The U.S. dollar was relatively stable on Thursday, ending the session moderately higher against most major currencies, with the dollar index (USDX) fluctuating within a tight range...

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Wall Street slips on the concern of an all-out recession

Wall Street slips on the concern of an all-out recessio...

Wall Street is under stress on the concern of another jumbo hike of at least +0.75% or even an unprecedented +1.00% after hotter-than-expected inflation data. Fed may further hike ...

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15
Sep

U.S. Retail Sales, Philly Fed Manufacturing, Unemployme...

The U.S. dollar appeared to be somewhat stable on Wednesday following a sharp recovery the day before, with the dollar index (USDX) trading in a tight range between 109 and 109.4 l...

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