All Articles Tagged - EURUSD

US Open Note – As Russia-Ukraine tensions persist, the dollar strengthens

Posted on February 14, 2022 at 2:02 pm GMT

Ukraine tensions and FOMC minutes in focus; dollar rises As the United States fears that an invasion may be approaching, tensions over Russian forces stationed near Ukraine are entering what might be a pivotal week. The United States is warning of an imminent invasion, while President Vladimir Putin has accused America of failing to satisfy his demands. Russia has denied it is preparing to invade Ukraine, and Chancellor Olaf Scholz of Germany is travelling to Kyiv today, a day before visiting Moscow to calm the issue. This week’s focus is on the [..]

Daily Market Comment – Ukraine tensions sink stocks, propel oil and gold higher

Posted on February 14, 2022 at 10:13 am GMT

Warnings of imminent Ukraine invasion send markets into a tailspin Stocks tank, dollar and yen advance, oil breaks higher, gold shines Meanwhile, speculation about emergency Fed action is running wild Ukraine crisis deepens Geopolitical tensions have returned to haunt financial markets. The US president called on all American citizens to leave Ukraine immediately on Friday, citing the threat of a Russian invasion that could begin at any moment. It is still unclear how much of this is political grandstanding as [..]

Technical Analysis – EURUSD resumes negative bearing below 1.15 handle

Posted on February 14, 2022 at 9:27 am GMT

EURUSD has successfully weighed on the 50-day simple moving average (SMA) – coupled with the mid-Bollinger band – and growing bearish pressures have now clearly pushed below 1.1323, crushing buyers’ efforts to breach the 1.1500 barrier. The longer-term falling 100- and 200-day SMAs are endorsing the eight-month descent from the 1.2266 peak, while the 50-day SMAs’ bounce has softened, indicating that the rally from the near 20-month low of 1.1120 has been curbed. The short-term oscillators are reflecting that negative [..]

US Open Note – The ‘hot’ US inflation figures rattle the markets

Posted on February 11, 2022 at 1:39 pm GMT

CPI figures drive interest rate speculation The US consumer price index (CPI) climbed to 7.5% year-over-year in January, accelerating from the previous reading of 7%. The core measure also topped consensus expectations rising to 6%, marking its largest annual gain since 1982. Commenting soon after yesterday’s inflation data release, the FOMC voting member James Bullard called for a full percentage rate hike by July, noting that he would also be open for an inter-meeting rate increase. The hotter-than-expected inflation readings fuelled speculation for a [..]

Week Ahead – Dollar defies hot inflation, turns to Fed minutes

Posted on February 11, 2022 at 12:59 pm GMT

Another scorching hot US inflation print has sent bond markets scrambling to price in aggressive Fed rate increases, but the dollar is trading like inflation has already peaked. Is this a turning point for the FX market? Next week’s Fed minutes and US retail sales could reveal whether the playbook has truly changed. Dollar not impressed Will the Fed pull the handbrake? That’s what the market is betting on after the latest acceleration in inflation. Six and a half rate [..]

Daily Market Comment – Markets bet on Fed ‘shock and awe’ after scorching hot inflation

Posted on February 11, 2022 at 10:27 am GMT

US inflation surges again, yields jump, dollar whipsaws, stocks sink Bullard stokes speculation of Fed front-loading rate hikes Euro and aussie tumble after Lagarde and Lowe push back CPI shock sparks erratic moves as no peak in sight Investors were scrambling to reprice a much steeper rate hike path by the Fed on Friday following another red-hot inflation report. The US consumer price index rose 0.6% month-on-month in January, beating forecasts of 0.5% and unchanged from the prior month’s upwardly [..]

US Open Note – US inflation hits fastest pace in four decades

Posted on February 10, 2022 at 2:27 pm GMT

CPI data come in ‘hot’; dollar surges US inflation for January has reached its highest level since February 1982, with the headline CPI rate coming hotter-than-expected at 7.5%. The core CPI measure rose to 6% from 5.5% y/y, while the m/m number came in at 0.6% compared to consensus estimates of 0.5%. The elevated readings could further increase bets for more aggressive interest rate hikes, inducing more volatility into the stock and bond markets. In the aftermath of the inflation data [..]

Daily Market Comment – Stocks buoyant ahead of US CPI, dollar holds steady

Posted on February 10, 2022 at 9:50 am GMT

Wall Street extends climb out of January pit, but futures ease as CPI data awaited Dollar edges sideways as traders seek direction from US price growth Gold hits two-week high amid uncertainty about inflation and Fed policy Stocks turn cautious before US inflation release The improved risk tone is holding ahead of the all-important inflation numbers out of the United States later on Thursday. Stocks on Wall Street jumped higher for a second day on Wednesday, erasing the losses from [..]

US Open Note – US CPI data still key as today’s 10-year yield drop aids wall street

Posted on February 9, 2022 at 2:22 pm GMT

Market jitters keep volatility faint and dollar remains glued on back foot The US 10-year yield deflated to 1.927% today keeping the reserve currency on offer, with the dollar index near the lower end of its recent range at 95.40, which provided US stock futures with freshly welcomed buoyancy for a test of the latest peaks following their deep corrections from all-time highs. Nonetheless, market sentiment is still looking fragile awaiting additional volatility from the upcoming US inflation event. [..]

Technical Analysis – EURUSD creates double top at 1.1480

Posted on February 9, 2022 at 2:02 pm GMT

EURUSD could not find enough buyers to overcome the 1.1480 level, which is a double top, with the spotlight shifting down again towards the 1.1360 support level that lies within the Ichimoku cloud. Encouragingly however, the RSI and the MACD continue to hold in the positive regions, while the latter has also managed to crawl back above its red signal line, providing some optimism that the bulls may not give up the battle yet. The 1.1480 number could challenge any bullish attempts again, [..]

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