All Articles Tagged - EURUSD

US Open Note – Market sentiment dulls with growth worries

Posted on May 24, 2022 at 2:02 pm GMT

US yields ebb and heavy dollar follows A risk-off tone has gripped markets as rekindled growth concerns are being highlighted due to China supply constraints from lockdowns, the domino effects from the Russian invasion on Ukraine and pressures on central banks who are expected to do more to bring inflation lower without pushing their economies into recession. The already aggressive Federal Reserve is finding its job to curb inflation more challenging as the degree or constant pace of tightening is [..]

Daily Market Comment – Stocks slip, dollar mixed as mood sours again

Posted on May 24, 2022 at 8:05 am GMT

China stimulus fails to lift markets, yen edges up, dollar mixed US stock futures reverse lower after Snap issues profit warning Euro and pound await flash May PMIs Growth jitters strike again Renewed concerns about the weakening growth prospects of the major economies weighed on sentiment on Tuesday, bolstering safe-haven currencies such as the US dollar, Japanese yen and Swiss franc. Markets have been caught between a rock and a hard place since Russia’s invasion of Ukraine as central banks [..]

Technical Analysis – EURUSD creates headways in broader bearish outlook

Posted on May 23, 2022 at 10:00 am GMT

EURUSD has breached the key March 2020 trough of 1.0635 after recently acquiring positive legs from the more than five-year recorded low, which came just shy of the January 2017 low of 1.0340. The simple moving averages (SMAs) are nurturing the one-year prevailing downtrend in the pair. The Ichimoku lines are mirroring a pause in the latest downward driving forces. Simultaneously, the short-term oscillators are indicating a clear dwindling in negative momentum. The MACD has detached itself from its red [..]

Daily Market Comment – Markets turn cautiously positive but growth fears persist

Posted on May 23, 2022 at 8:53 am GMT

Dollar slips as investors pin hopes on US, China growth push despite doubts US futures climb but S&P 500 remains dangerously close to bear market Fed minutes, flash PMIs and RBNZ meeting under the spotlight this week Trading gets off to a cautiously optimistic start Worries about high inflation and the worsening growth outlook continued to ebb somewhat on Monday, though risk appetite still lacked concrete drivers even as there was some positive news flow. The turnaround came late last [..]

Week Ahead – Flash PMIs, FOMC minutes to dictate sentiment; RBNZ to hike again

Posted on May 20, 2022 at 1:13 pm GMT

Risk sentiment is wavering as investors are constantly evaluating the likelihood of a recession. The flash PMIs for May might help guide those expectations in the coming week. In the US, there will be plenty of additional drivers for the dollar, such as the FOMC minutes and the PCE inflation readings. Markets remain fixated on seeing peak inflation so any trace of this might help calm nerves. In the world of central banks, the Reserve Bank of New Zealand is [..]

US Open Note – Dollar loses ground after five weeks of gains

Posted on May 20, 2022 at 1:03 pm GMT

Dollar index ticks down as euro approaches $1.06 On Friday, the US dollar was on track to have its worst week against key rivals since the beginning of February. Global stocks have been falling this week as well due to risks to growth from aggressive monetary tightening – led by the Federal Reserve – and China’s strict lockdowns to quash an outbreak of Covid-19. The appeal of the dollar as a haven was eclipsed overnight by a decline in US yields as investors rushed for [..]

Daily Market Comment – Dollar steadies, stocks edge up as growth jitters subside slightly

Posted on May 20, 2022 at 9:35 am GMT

Some calm returns to markets, China rate cut helps Stocks bounce back but risk of more volatility from large options expiry today Dollar recovers but still headed for weekly losses, Swiss franc emboldened by SNB China rate cut soothes investor nerves Markets were a lot calmer on Friday after a bumpy week that put the US dollar on the backfoot and Wall Street’s rebound faltered. Big earnings misses from US retail giants sparked concern that the American economy may not [..]

Technical Analysis – EURUSD buyers target 1.06 handle

Posted on May 19, 2022 at 3:09 pm GMT

EURUSD’s fresh positive traction is struggling to surpass the upper Bollinger band residing within the 1.0563-1.0600 resistance region. Despite the pair’s newfound buoyancy extending beyond the sliding 50- and 100-period simple moving averages (SMAs), all the SMAs are promoting the bearish bearing. The short-term oscillators have yet to reflect any clear weakness in the driving positive forces in the pair. The MACD, slightly north of the zero threshold, has lifted back above its red trigger line, while the improving RSI [..]

US Open Note – Recession fears keep jolting markets

Posted on May 19, 2022 at 1:24 pm GMT

Signs of recession pop up in earnings Sellers stormed into stock markets as giant US retailers Target and Walmart revealed a hit in margins on the back of rising labor and energy costs, with the former losing more than a third of its share value on Wednesday despite serving only local clients. The jittery earnings surprise follows Powell’s commitment to higher interest rates earlier this week, making investors think more seriously that the mix of inflation and monetary tightening could [..]

Daily Market Comment – Stocks crumble after dead-cat bounce but dollar unmoved

Posted on May 19, 2022 at 9:33 am GMT

S&P 500 plunges the most in two years as inflation reality for earnings sets in But follow-up panic in global equities today somewhat ‘contained’ FX and bond markets also calm as dollar steady US retail giants crash as inflation bites Sellers returned to Wall Street on Wednesday as a big drop in profits by America’s retail behemoths raised the spectre of diminishing margins, in what could only be the start of high inflation eating into corporate earnings. Target was the [..]

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