All Articles Tagged - EURUSD

US Open Note – Resilient dollar rebounds in calmer markets

Posted on November 29, 2021 at 2:51 pm GMT

Greenback shrugs off new virus scare, market sentiment bounces back The calmer markets today seem to have brushed off the shock linked to the new omicron variant that hit global equity markets on Friday. Despite markets rapidly regaining their composure, risk aversion may linger moving towards the end of the year, as not much has been proved about the new strain of the virus. That said, the World Health Organisation (WHO) aided markets by reiterating that the current symptoms connected [..]

Daily Market Comment – Is the Omicron selloff done already?

Posted on November 29, 2021 at 10:26 am GMT

Global markets in a better mood as ‘Omicron’ nerves calm down Riskier currencies, stocks, and oil rebound but not convincingly Spotlight now turns to Fed chief and incoming virus news Markets lick wounds Black Friday discounts hit the financial markets this year too and many shoppers were waiting eagerly. European stock markets lost a stunning 5% on Friday but the sense of panic has subsided already after some reports played down the severity of the new ‘Omicron’ variant. The latest [..]

Technical Analysis – EURUSD’s positive traction disappoints; negative bias holds

Posted on November 29, 2021 at 9:26 am GMT

EURUSD’s negative bearing prevails despite the bounce off the near 17-month low of 1.1185. The falling simple moving averages (SMAs) are endorsing the bearish outlook in the pair. The short-term oscillators are transmitting mixed signals in directional momentum. The MACD is far beneath the zero mark and is holding below its red trigger line. The RSI is dipping in bearish territory signalling that positive impetus is feeble, whereas the rising stochastic lines continue to sponsor gains in the pair. If [..]

Eurozone’s inflation spiral to continue but will the euro capitalize? – Forex News Preview

Posted on November 26, 2021 at 2:31 pm GMT

The euro went downhill lately as Europe became the epicenter of another pandemic wave, forcing several economies to return to lockdowns ahead of the holiday season. With new business containment measures rolling in, investors are wondering whether inflation will continue to escalate. On Tuesday, CPI inflation figures for November are expected to jump again for the fifth straight month, but with Covid making a fresh round, the euro will probably receive only a modest boost. Growth jitters resurface The eurozone [..]

US Open Note – Markets dive as new Covid variant identified

Posted on November 26, 2021 at 1:57 pm GMT

FX market is bleeding due to new variant; yen shines After the discovery of a new and possibly vaccine-resistant coronavirus variant in South Africa, Botswana, and Hong Kong, the FX market is posting strong losses and US stock futures are indicating a negative open. Flights from South Africa and other nearby countries have already been temporarily banned by Britain, which was followed by Israel and Singapore, and could lead to similar bans in other countries. The introduction of the new variant comes at a time when different European countries are coping [..]

Weekly Comment – US jobs report eyed as new virus strain haunts markets

Posted on November 26, 2021 at 1:39 pm GMT

A post-Thanksgiving selloff is spreading across the markets after the identification of a new Covid-19 variant. The news has sparked fears over new lockdowns that could force central banks to review their Quantitative Easing exit strategies should the situation deteriorate. In the coming week, the latest US employment report and Fed Chair Powell’s testimony take centre stage, together with Eurozone inflation and Australian growth figures. The Highlights: In America, Fed Chair Jerome Powell is going to testify before the Senate [..]

Week Ahead – NFP report could keep the dollar rally going

Posted on November 26, 2021 at 11:23 am GMT

It will be hard for the US dollar to escape the spotlight in the coming week as the November jobs report will likely further fuel expectations of faster Fed tapering, extending the rally. The last month of the year is expected to get off to a busy start with a slew of data on the way. Aside from the US highlights, Canada will also be reporting jobs numbers in addition to its Q3 GDP print, Australia will publish growth figures [..]

Daily Market Comment – New virus variant hits riskier assets, revives yen

Posted on November 26, 2021 at 9:45 am GMT

Worries around a vaccine-resistant variant spark turmoil Stocks and commodity currencies slide, yen comes back to life We’ve seen this movie before, but there’s a catch this time Covid strikes back A new virus variant has come like a bolt out of the blue to rattle financial markets. The underlying concern is that vaccines may be less effective against this ‘Nu’ variant and it may spread easier thanks to its high number of mutations. The jury is still out though, [..]

Euro goes into freefall; have investors become too pessimistic? – Special Report

Posted on November 25, 2021 at 1:39 pm GMT

The euro’s woes just keep getting worse and worse. The single currency has ploughed more than one-year lows against the US dollar and pound, and six-year lows versus the Swiss franc. Expectations of diverging monetary policies had been weighing for some time, but now there are fresh doubts about the growth outlook that also have investors worried. The resurgence of virus cases in many parts of Europe has caught markets by surprise, endangering the euro bloc’s already fragile recovery. But [..]

Daily Market Comment – Fed teases faster taper, dollar steamrolls rivals

Posted on November 25, 2021 at 10:09 am GMT

Dollar slices higher after strong US data and Fed signals Euro tormented by growth risks, stock markets bounce back Thin liquidity to dominate trading as America goes on holiday Brace for faster tapering The dollar continues to bulldoze its way through the currency complex, tearing down everything in its path as the prospect of faster Fed tapering gets baked into the bond market cake. A flurry of data releases yesterday reaffirmed the strength of the American economy, but the real [..]

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