All Articles Tagged - EURUSD

Fed meeting: Will asset purchases end early? – Forex News Preview

Posted on January 24, 2022 at 4:48 pm GMT

The main event this week will be the Fed’s policy decision at 19:00 GMT Wednesday. No action is expected, but with the markets pricing in four rate increases for this year, the central bank is likely to signal that normalization is imminent. There is also some speculation that asset purchases could come to an immediate end. That will likely decide the reaction in the dollar. Economic boom The US economic recovery has been very impressive. The economy is already much [..]

US Open Note – US stocks remain pressured amid rising geopolitical risks

Posted on January 24, 2022 at 1:51 pm GMT

Geopolitical tensions drive safe-haven demand Fears of an imminent Russian-Ukrainian conflict rattled the markets on Monday after both the US and the UK have reportedly started to withdraw families from their embassies in Kiev. The increasing geopolitical tensions are driving the current risk-off sentiment, sending investors to seek refuge into the safety of gold and US Treasury bonds, with the yield of the 10-year benchmark moving lower on Monday. Omicron weighs on Eurozone and UK growth Eurozone’s services flash PMI [..]

Daily Market Comment – Equities remain pressured as traders weigh Fed and geopolitical risks

Posted on January 24, 2022 at 10:21 am GMT

Stock market rout deepens amid Fed and Ukraine worries, but US futures point to rebound Dollar and gold edge up, euro see-saws on mixed PMIs Fed meeting and major earnings to likely dictate market sentiment Markets still jittery but selloff eases Wall Street just had its most bruising week since the onset of the pandemic in March 2020 and it could get even rockier for stocks in the coming days. The Federal Reserve is poised to give a formal nod [..]

Technical Analysis – EURUSD edges sideways after advances curbed by 100-MA

Posted on January 24, 2022 at 9:16 am GMT

EURUSD continues to exhibit a lack of directional impetus, drifting between the 50-day simple moving average (SMA) at 1.1310 and the mid-Bollinger band at 1.1345. The falling SMAs are defending the broader downtrend that started from the 1.2266 peak. Currently, the Bollinger bands are suggesting feeble volatility in the pair confined to the lower and upper Bollinger bands of 1.1247 and 1.1442 respectively. Furthermore, the short-term oscillators are indicating that guiding forces are absent, confirming that directional momentum has diminished. [..]

Eurozone PMIs: Another dose of bad news? – Forex News Preview

Posted on January 21, 2022 at 2:24 pm GMT

The latest PMI business surveys for the euro area will hit the markets early on Monday, starting with the French numbers at 08:15 GMT. Forecasts suggest the Eurozone economy lost further steam thanks to Omicron restrictions. Overall, economic growth remains sluggish and contrary to market expectations, the European Central Bank doesn’t seem ready to raise rates this year, leaving the euro vulnerable. New year, same old blues The euro area recovery has been rather disappointing. Economic growth remains stuck on [..]

Weekly Comment – FOMC and BoC interest rate decision in the spotlight

Posted on January 21, 2022 at 1:57 pm GMT

Stocks continued their selloff as demand for tech and high-growth companies has declined on the back of rising Treasury yields and geopolitical tensions in Eastern Europe. In the upcoming week, interest rate decisions from America and Canada will take center stage, together with updates on global economic activity from American, European, British and Japanese purchasing managers indices. Highlights: In America, the Fed will conclude its first FOMC meeting for the year on Wednesday, with Fed Chair Powell anticipated to set [..]

US Open Note – Stocks extend declines, dollar maintains resilience

Posted on January 21, 2022 at 1:19 pm GMT

Market sentiment deteriorates as yields remain elevated Wall Street’s correction continues to develop lower, with the tech-heavy Nasdaq 100 affected more, falling 4.6% yesterday. Despite this week’s disappointing US jobless claims, which rose 286k versus an expected 220k, potentially due to surging cases of Omicron, and the correction in the US equities – in an environment of elevated yields – the market story is likely to remain the same with the Fed moving forward with removing accommodation and delivering expected [..]

Week Ahead – Fed, BoC to sing from same hawkish hymn sheet; data flurry on the way

Posted on January 21, 2022 at 12:49 pm GMT

A jam-packed week for central banks and economic releases is coming up as the inflation story continues to grip the markets. With the price data pointing up and bond yields fired up, investors are expecting nothing but hawkish talk from the Federal Reserve and the Bank of Canada. The latter could even go one step further and put words into action. In Europe, though, all eyes will be on the flash PMI readings where Omicron likely weighed on economic activity [..]

Daily Market Comment – Yen shines as stock market selloff deepens

Posted on January 21, 2022 at 9:59 am GMT

US stocks erase early gains to close negative, falling yields don’t help Yen advances as risk aversion intensifies, oil succumbs to gloomy mood Dollar choppy, Netflix disappoints, US-Russia meeting in focus Selling snowballs The stock market just can’t shake off the blues. Wall Street took another sharp hit yesterday as investors continued to unload riskier assets and rotate into safe havens to insulate their portfolios from any further downside. All this mayhem started with worries around the Fed raising interest [..]

US Open Note – Market sentiment freezes, dollar largely unchanged

Posted on January 20, 2022 at 2:33 pm GMT

Markets digest US jobless claims and Philly manufacturing The US stock futures correction deepened as risk sentiment has remained negative, while the 10-year yield at 1.88% seems to be keeping the dollar buoyant. It appears the hawkish tone from the Fed has saturated markets and they have become less sensitive lately. The US economy is nearing full employment and today’s rise in jobless claims has managed to only nudge the dollar index slightly lower, stabilizing around the 95.40 level. The [..]

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