All Articles Tagged - EURUSD

US Open Note – BoC decision in the spotlight; dollar still rises

Posted on April 13, 2022 at 1:05 pm GMT

Dollar holds its bullish tone Officials at the Federal Reserve have not changed their hawkish stance. Governor Brainard commented that the Fed’s top priority is to combat inflation and it will implement a policy of neutrality “expeditiously.” Brainard also stated that Russia’s incursion into Ukraine raises inflation concerns, and if it continues, those concerns will only grow as the supply chain troubles worsen. The governor noted that, with this year’s fiscal impact, financial circumstances are already tightening, which will reduce consumption. The dollar is holding its ground, helped [..]

Daily Market Comment – Dollar wavers as inflation optimism overshadowed by Ukraine ‘dead-end’

Posted on April 13, 2022 at 9:04 am GMT

Dollar and Treasury yields see-saw after miss in US core inflation rate Euro under renewed pressure after Putin dashes hopes of peace, stocks mixed RBNZ first to hike by 50 bps, BoC likely to follow US inflation may be peaking, but risk-on tone falters quickly A glimmer of hope that the relentless rise in American consumer prices may be slowing lifted the market mood on Tuesday, sending Treasury yields lower and Wall Street higher. But the optimism didn’t last long [..]

Technical Analysis – EURUSD consolidates under 1.0900 handle, bearish risks remain

Posted on April 12, 2022 at 3:05 pm GMT

EURUSD continues to fluctuate around the 1.0900 hurdle after the pair’s recent descent from the 1.1185 high became trapped between the 1.0820-1.0845 support base, and the 1.0925-1.0944 resistance boundary. That said, the bearish simple moving averages (SMAs) are endorsing the negative trend in the pair. Currently, the Ichimoku lines are indicating that driving forces have subsided, while the short-term oscillators are reflecting mixed messages in directional momentum. The MACD is below the zero threshold and is promoting growing upside pressures [..]

US Open Note – Dollar turns lower after CPI data; oil climbs by 4%

Posted on April 12, 2022 at 1:15 pm GMT

US CPI surpasses forecast, rising to 8.5% Interest rates in the United States continue to rise. The 10-year yield traded near a fresh cycle high of 2.83% and is on course to hit the October 2018 high of 3.26%. This has sent the dollar index beyond the 100 mark for the first time in over two years but after the CPI data, it returned near its opening level, while dollar/yen is hovering below the six-and-a-half-year high of 125.76 posted yesterday. The [..]

Daily Market Comment – Rising yields start to spook equity markets, dollar crushes rivals

Posted on April 12, 2022 at 9:19 am GMT

Stock market selloff accelerates as investors begin to panic about soaring borrowing costs Dollar climbs to new highs as yen slumps again, eyes US inflation data Oil bounces off lows after China eases Shanghai lockdown, gold attracts some bids Stocks back in the doldrums Equity markets remained in the red on Tuesday as global bond yields extended their ascent to multi-year highs, freaking out jittery investors already on edge about the dimming growth outlook following Russia’s invasion of Ukraine. The [..]

ECB ‘half measures’ unlikely to stop euro’s bleeding – Forex News Preview

Posted on April 11, 2022 at 2:41 pm GMT

The European Central Bank will conclude its next meeting at 11:45 GMT on Thursday, and with inflation running wild, it will likely signal that a rate increase is on the menu soon. Ending asset purchases in July followed by a rate increase in September seems like the most likely endgame. However, markets have already priced an even more aggressive tightening pace, so such signals might not be enough to rescue the battered euro. Stagflationary breeze The ECB has a crisis [..]

Daily Market Comment – Dollar powers ahead as US yields keep surging; central banks in focus

Posted on April 11, 2022 at 9:38 am GMT

Dollar at 2-year high as Treasuries rout deepens, puts Wall Street on backfoot ahead of earnings Euro edges up after Macron survives round 1 of election, spotlight now on ECB Chinese yuan and stocks slip amid lockdown havoc, oil can’t take the heat either US real yields approach zero, dollar shines, stocks pay the price The Fed’s latest tilt towards the far hawkish end of the dove-hawk scale continued to reverberate across markets on Monday, giving the US dollar another [..]

Technical Analysis – EURUSD erases positive gap; signals mixed

Posted on April 11, 2022 at 7:43 am GMT

EURUSD opened with a positive gap slightly above the 1.0900 level on Monday after a bearish week, but gains proved short-lived, with the price inching back below that number to turn negative on the day. Technical signals are mixed. The RSI and the MACD have further extended their decline below their neutral thresholds. On the other hand, the Stochastics seem to have found a bottom in the oversold zone, suggesting a potential upside reversal in the price. Friday’s doji candlestick could also [..]

US Open Note – Market sentiment thins at end of week

Posted on April 8, 2022 at 1:37 pm GMT

Dollar reigns and Friday’s focus aims at Canadian employment data Volatility in the S&P 500, the Dow Jones and Nasdaq 100 composite remains subdued today, compressed by the Federal Reserve’s recent policy rhetoric to accelerate the pace of tightening along with elevated treasury yields. However, this hawkish stance while leaving the door open to be flexible in terms of being able to control the tempo of rate hikes, reassures markets that the Federal Reserve will remain vigilant to avoid pushing [..]

Week Ahead – BoC and RBNZ to hike big, ECB to bide its time

Posted on April 8, 2022 at 12:15 pm GMT

It’s going to be a major week for central banks ahead of the long Easter weekend, with three meetings on the way and rate hikes looking almost certain to be the outcome of at least two of them. So the spotlight will fall on the Bank of Canada, Reserve Bank of New Zealand and European Central Bank for much of the week. Although economic data will also be ample – inflation numbers will be watched in China, the United States [..]

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