All Articles Tagged - EURUSD

Daily Market Comment – Omicron woes drag on sentiment, dollar extends gains

Posted on December 14, 2021 at 9:52 am GMT

Wall Street joins global rout as Omicron fears resurface but selloff eases today Dollar edges up to one-week highs as Omicron clouds outlook for central banks UK jobs numbers kick off busy week, US data eyed ahead of Fed Optimism fades amid fresh Omicron gloom Equity markets were feeling the pressure from renewed concerns about the global growth outlook as China imposed draconian restrictions after the detection of the country’s first Omicron case, while the UK’s announcement of its first [..]

US Open Note – Quiet day ahead of raft of central bank meetings

Posted on December 13, 2021 at 2:02 pm GMT

It’s a relatively quiet start to the week before the expected onslaught of central bank meetings that will take place this week. On Monday, US futures gained along with European stocks as traders braced for a week of central bank decisions amid fears about inflation and the omicron virus. Fed, ECB and BoE meetings in the spotlight this week The Federal Reserve is anticipated to accelerate its stimulus withdrawal on Wednesday and could pave the way for quicker interest rate hikes in 2022 if price pressures remain around a [..]

Technical Analysis – EURUSD fragile but bullish hopes still exist

Posted on December 13, 2021 at 12:45 pm GMT

EURUSD could not sustain last week’s bullish breakout above the restrictive 20-day simple moving average (SMA), pulling back into the 1.1200 area on Monday. Downside risks are now on the table again as the RSI is drifting lower in the bearish zone, and the Stochastics are pointing downwards. Yet, the increasing positive momentum in the MACD signals that the bulls may not abandon the battle unless the price closes clearly below the 20-day SMA and the 1.1260 level. Should the [..]

Fed meeting: faster taper looms but what will the dot plot reveal? – Forex News Preview

Posted on December 13, 2021 at 11:21 am GMT

The Federal Reserve will conclude its final meeting of the year on Wednesday, announcing its decision at 19:00 GMT. Chair Jerome Powell has already dropped some hints as to what to expect after his hawkish pivot last week when he testified before Congress. Most FOMC members seem to be on board with accelerating the pace at which bond purchases are tapered given the relentless rise in inflation. The question is, will they be equally as hawkish when it comes to [..]

Daily Market Comment – Mega week for central banks begins

Posted on December 13, 2021 at 9:32 am GMT

Markets relieved after US inflation report, trading like this is the peak Dollar pulls back alongside yields, stocks close at new records Massive week lies ahead, featuring five major central bank meetings Peak inflation? The latest inflation data out of the United States sparked a relief rally on Friday. Even though annual CPI inflation hit a four-decade high of 6.8%, investors were apparently positioned for an even hotter print after some earlier comments from President Biden that seemed to warn [..]

US Open Note – Dollar in quiet trading after US CPI; equities secure positive close

Posted on December 10, 2021 at 2:31 pm GMT

US inflation the highest in four decades The eagerly awaited US consumer price index came in as expected on Friday ahead of a busy week with focus on several central bank events. Prices grew the fastest in four decades in November at 6.8% y/y on the back of gas and energy increases. The core CPI measure was also in line with forecasts at 4.9% y/y, but still at uncomfortable levels and well above the Fed’s 2.0% symmetric target, suggesting that [..]

Week Ahead – Fed kicks off central bank extravaganza

Posted on December 10, 2021 at 12:55 pm GMT

Global markets will enter the holiday season with a bang, as the upcoming week features five central bank decisions and a heavy barrage of data releases. The Fed will get the show rolling. It will decide whether to accelerate the tempo of tapering, although the dollar may be more interested in the new interest rate projections. The central banks of the Eurozone, United Kingdom, Japan, and Switzerland will meet as well. Fed heads for the exit The American economy is [..]

Weekly Comment – Central bank fiesta, flash PMI and inflation reports

Posted on December 10, 2021 at 12:38 pm GMT

Global markets took a breather from the Omicron panic this week as fears about the variant’s impact on global economic growth subsided. The upcoming week is probably the busiest of the year with interest rate decisions from America, the Eurozone, the United Kingdom, Switzerland and the Japanese central bank. Moreover, inflation data from the UK, Eurozone and Canada, together with updates on global economic activity from American, European and British purchasing managers indices will hit the markets. The Highlights: In [..]

Daily Market Comment – Dollar steady ahead of US CPI; stock rally fizzles out

Posted on December 10, 2021 at 9:57 am GMT

US CPI data in focus ahead of Fed decision next week, dollar flat Stocks pare weekly gains as Evergrande default unnerves markets Pound holds near lows after GDP miss, euro reverses back down Spotlight on US inflation After making a strong recovery this week, risk appetite is being tested as the all-important inflation test looms for the markets. The US consumer price index is due at 13:30 GMT and the forecasts are pointing to another big jump in November. If [..]

US Open Note – Stocks give up ground amid covid curbs; pound remains muted near 2021 lows

Posted on December 9, 2021 at 3:02 pm GMT

Equities take a breather European stock indices returned to negative territory as infections remained elevated in the region and governments reintroduced new mild measures to counter the spread of the omicron variant despite drug makers defending the efficacy of their vaccines in the past few days. Energy shares drove losses in the pan-European STOXX 600, but the decline is moderate so far in the day, and negligible compared to Monday’s impressive rally. Likewise, the UK’s FTSE 100 pulled below yesterday’s [..]

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