All Articles Tagged - EURUSD

Fed minutes to offer clues on balance sheet plan as yield curve inverts – Forex News Preview

Posted on April 4, 2022 at 3:20 pm GMT

The Federal Reserve publishes the minutes of its March 15-16 policy meeting on Wednesday (18:00 GMT) and investors will be parsing them for any clues about how quickly the balance sheet will be reduced. US data on inflation and the labour market have only strengthened since the March meeting, adding pressure on policymakers to consider a 50-basis-points rate hike at the next one. But more worryingly, key parts of the yield curve are inverting. So will the Fed rock the [..]

US Open Note – US stock futures lose upside momentum as market sentiment thins

Posted on April 4, 2022 at 1:47 pm GMT

Higher yields aid dollar, while euro remains heavy even as CPI spike jolts ECB A risk-off vibe seems to have overshadowed US stock futures as positive sentiment is lacking at the start of this week. The S&P 500 has managed to hold above its 200-day simple moving average (SMA) around 4,550, while the Dow Jones 30 and Nasdaq 100 composites have stabilized after a pullback below their respective longer-term 200-day SMAs at 35,057 and 15,167. Higher US yields are underpinning [..]

Daily Market Comment – Solid US employment report carries dollar higher

Posted on April 4, 2022 at 9:08 am GMT

Dollar grinds higher as traders step up Fed bets after jobs numbers Stocks struggle for direction, lots of conflicting signals to digest Euro finds no solace from sizzling inflation, RBA decision next Dollar smiles after jobs data The US labor market put in another impressive performance in March. Nonfarm payrolls clocked in at 431k as hiring remained strong, the unemployment rate fell to 3.6%, and more workers returned to the labor force thanks to the allure of rising wages. Quite [..]

Technical Analysis – EURUSD creates bullish correction in the short term above 1.1000

Posted on April 4, 2022 at 6:42 am GMT

EURUSD is showing some positive signs in the short-term after the rebound off the 22-month low of 1.0805. Currently, the market is consolidating within the 20- and 40-day simple moving averages (SMAs), while the technical indicators are suggesting more upside movements. The RSI is trying to overcome the neutral threshold of 50 and the MACD is strengthening its positive momentum above its trigger line in the negative region. If the market manages to pick up speed, the 40-day (SMA) at [..]

Week Ahead – Fed and ECB minutes eyed as Ukraine war rages on, RBA to stand pat

Posted on April 1, 2022 at 11:16 am GMT

The minutes of the Federal Reserve’s and European Central Bank’s last policy meetings will likely grab the chunk of investors’ attention next week as the economic agenda quietens down somewhat. The Reserve Bank of Australia is not anticipated to announce any policy shifts at its meeting, but Canadian employment numbers might boost expectations of a 50-basis-points rate hike by the Bank of Canada. However, the evolving geopolitical situation with Ukraine will probably once again be a more important driver for [..]

Daily Market Comment – Stocks stay sluggish, oil slips further, dollar creeps higher ahead of NFP

Posted on April 1, 2022 at 9:37 am GMT

Stocks make mixed start to Q2 after worst quarter in two years as Ukraine woes linger Dollar main beneficiary of increased risk-off as yen sinks again, US jobs report in focus Oil prices hit two-week low after Biden’s supply boost Markets downbeat as peace hopes ebb After a promising start to the week amid the optimism that a ceasefire agreement between Russia and Ukraine is within reach, the market mood has soured somewhat as the two sides seem no closer [..]

Daily Market Comment – Stocks subdued as Russia dampens peace hopes, oil tumbles on US move

Posted on March 31, 2022 at 9:36 am GMT

Cautious tone as Russia plays down talks progress, maintains offensive in eastern Ukraine Stocks mixed, dollar firmer despite Treasury yields drifting lower Oil plunges again after Biden administration says it may release more strategic reserves Markets cling onto peace hopes as doubts emerge The risk rally spurred on by optimism of a Russia-Ukraine ceasefire is looking a little shaky after both Washington and Moscow played down the significance of the apparent progress in the latest round of negotiations. Russian forces [..]

Technical Analysis – EURUSD rises towards 1-month high, holding in ascending channel

Posted on March 31, 2022 at 7:05 am GMT

EURUSD climbed to a one-month high of 1.1184 earlier today, hitting the return line of the ascending channel, driving the pair lower. The price overcame the 200-period simple moving average (SMA) in the previous 4-hour sessions, remaining well above the bullish cross within the 20- and 40-period SMAs. The RSI is ticking marginally up near the overbought region, while the MACD is moving sideways above its trigger and zero lines. Should prices reverse lower, immediate support could come at the [..]

Could flash Eurozone CPI inflation amplify euro’s rebound? – Forex News Preview

Posted on March 30, 2022 at 3:40 pm GMT

Flash CPI inflation data for March will feature the Eurozone’s economic calendar on Friday at 10:00 GMT. The already boiling inflation is expected to heat up to a new record high, but the news may not shock investors as they are already expecting a second round of price increases in the face of the Ukrainian geopolitical crisis. Besides, with futures markets pricing a hawkish ECB at the end of the year, even as the growth outlook remains fragile, the euro [..]

US Open Note – Russia-Ukraine peace talks remain in focus; US ADP figure rise and GDP revised slightly down

Posted on March 30, 2022 at 1:01 pm GMT

US ADP and GDP figures come out The ADP employment figure was the main release out of the US today. Private payrolls rose by 455K people in March, slightly over market expectations of 450K and it follows an upwardly revised 486K in February. As a result, the unemployment rate is predicted to fall to 3.7% in the NFP report on Friday, while average hourly earnings are expected to increase by a few percentage points year-on-year, to 5.5%. The consensus forecast is for 490k jobs in March, down from 678k in [..]

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