All Articles Tagged - EURUSD

Daily Market Comment – US stocks bounce back as bond selloff eases, oil slips again

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

Markets lifted by Wall Street rebound as bond yields pull back slightly Dollar loses ground as traders await direction from US CPI data Oil prices dip again as progress seen in Iran nuclear talks Stocks try to shrug off bond market rout The selloff in sovereign bonds paused for breath on Wednesday, pulling their yields slightly lower after the sharp spike that followed last week’s hawkish shift by the European Central Bank. But the rally in 10-year yields is unlikely [..]

Technical Analysis – EURUSD fires up as bullish forces resurface

Posted on February 9, 2022 at 8:58 am GMT

EURUSD has witnessed a significant upside in early-February as positive momentum resurfaces. Moreover, the pair is currently trading above its 50- and 200-period simple moving average (SMA), with the former looking ready to cross over the latter, which could reinforce the case of a sustained bullish outlook. Short-term momentum indicators are reflecting a mixed picture as the RSI is hovering above its 50 neutral mark. However, despite being above zero, the MACD is found below its red signal line, which [..]

Here comes another US inflation spike – Forex News Preview

Posted on February 8, 2022 at 2:04 pm GMT

The latest US inflation report will be released on Thursday at 13:30 GMT. Forecasts suggest inflationary pressures continued to heat up, pushing the yearly CPI rate to its highest level in four decades. Markets are already pricing in more than five Fed rate hikes this year and a hot inflation print can add more fuel to those bets. That could help the dollar get back on its feet, although the overall uptrend may be on its last legs. Fed gets [..]

US Open Note – Yields elevated but dollar struggles to hold onto minor gains

Posted on February 8, 2022 at 1:36 pm GMT

US stock futures shaky and hawkish Lagarde backtracks Market nerves are heightened at the start of this week as long echoed factors like supply disruptions, hot employment and wage growth, are clearly revealing strong developments in price pressures, which has had global central bank action shift up a gear in one way or another. The market feeling is that central banks have been nudged on to the wagon of vigilance, ready to pounce on inflation if it starts to seriously [..]

Daily Market Comment – Higher yields start to bite but stocks fight back, dollar edges up

Posted on February 8, 2022 at 10:32 am GMT

Bond yields climb to fresh highs as inflation and tighter policy fears grip markets Equities nevertheless perk up globally but Wall Street on shaky ground Dollar regains front foot, oil prices pressured by optimism around US-Iran talks Sentiment improves despite surging yields Long-term borrowing costs continued to head north on Tuesday, rising in just about every territory on growing expectations that no country will be spared from the greatest inflation shock the world has faced in decades. As central banks [..]

US Open Note – Market sentiment muted and dollar holds firm

Posted on February 7, 2022 at 2:19 pm GMT

Markets prepare for ECB’s Lagarde as calmer tone overshadows prior rollercoaster week Moving past the previous heavy week of data and central bank meetings, the current week looks to be much quieter. The market mood is suggesting that the right boxes are getting ticked for the Fed to move ahead with tightening and a rate hike in March, especially after the huge win in the US labour market, where the US jobs report improved by 467k, more than triple the [..]

Daily Market Comment – Markets steadier after NFP shock, but on alert for US CPI data

Posted on February 7, 2022 at 10:31 am GMT

Dollar’s NFP-led rebound eases but US inflation still to come ECB rate talk intensifies as euro eyes Lagarde testimony Stocks mixed as Amazon boost capped by soaring bond yields Dollar and yields settle down after NFP excitement Markets got off to a relatively calm start on Monday following a tumultuous end to last week on the back of the shockingly strong jobs report out of the United States. Nonfarm payrolls jumped by 467k in January, confounding both the most pessimistic [..]

Technical Analysis – EURUSD takes a rest after remarkable weekly bounce

Posted on February 7, 2022 at 8:30 am GMT

EURUSD started the month on the right foot last week, charting its fastest weekly rebound since March 2020 to advance from a 1½-year low of 1.1120 straight back into the 1.1400 zone. Encouragingly, the bulls’ fortunes have improved following the peak above the key resistance trendline drawn from May’s high of 1.2265, but downside risks have not fully evaporated since last week’s thrilling rally was not enough to drive the price above its previous high of 1.1492. Notably, that level is [..]

Weekly Comment – US inflation and GDP data from the UK in the spotlight

Posted on February 4, 2022 at 3:02 pm GMT

The European Central Bank made a hawkish shift after inflation in the monetary union surged to 5.1% in January. President Christine Lagarde refused to rule out interest rate hikes for 2022, bolstering the euro. In the upcoming week, US inflation and preliminary GDP data from the UK will take center stage, together with speeches from the governors of the BoE and BoC. Highlights: In America, inflation data for January will hit the markets on Thursday, with pricing pressures expected to [..]

US Open Note – Euro remains afloat above 1.14 after impressive NFP data; oil fires up

Posted on February 4, 2022 at 3:01 pm GMT

Euro survives NFP surprise The euro had been dancing to the ECB’s hawkish beats on Friday until the US nonfarm payroll report came to put the brakes on its dynamic rally, but the common currency managed to remain afloat. Following a bitter contraction in ADP private employment figures, analysts believed that their forecasts for a 150k growth were too optimistic for the month of January. Yet, the government’s first monthly comprehensive employment stats of 2022 revealed that the US economy is [..]

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