All Articles Tagged - EURUSD

US retail sales could refuel the dollar’s rally – Forex News Preview

Posted on November 15, 2021 at 10:32 am GMT

The dollar sliced through its rivals last week as inflation fired up, raising bets that the Fed will be forced to normalize at a faster clip. Markets are now split on whether the central bank will raise rates twice or three times next year, so the upcoming retail sales at 13:30 GMT Tuesday could be crucial. A solid report could tip the scales towards three hikes and give the dollar more fuel. Inflation soars, dollar roars With US inflation reaching [..]

Daily Market Comment – Cautious tone ahead of risk events, dollar softer

Posted on November 15, 2021 at 10:03 am GMT

Stocks are mixed, dollar eases ahead of Biden-Xi meeting, US data, Fed speakers Modest lift from upbeat Chinese data as worries about property sector linger Yield differentials in driving seat in FX market, gold holds near highs Subdued start to week amid caution It was a relatively subdued start to the week across financial markets on Monday as stocks, bonds and the dollar were still reeling from last week’s US CPI shock. The panic and fallout from the jump in [..]

Technical Analysis – EURUSD ticks slightly up from 16-month low

Posted on November 15, 2021 at 8:01 am GMT

EURUSD is recouping some of the losses of the preceding days, finding support at the 16-month low of 1.1432. The pair dived beneath the falling channel and is holding well below the steep long-term downtrend line. Looking at the technical indicators, the RSI is turning up from the negative region, while the MACD is losing the negative momentum but is still standing below its trigger and zero lines. Both are suggesting a bullish correction movement before the market dips further. [..]

US Open Note – Dollar turns down after printing new highs

Posted on November 12, 2021 at 1:46 pm GMT

Eyes on JOLTS job openings ahead of inflation expectations There is a scarcity of fresh information today. The JOLTS job openings for September and the preliminary November consumer mood index from the University of Michigan will be released later in the day. The results of the JOLTS survey should demonstrate that supply of workets continues to be the most pressing issue in the labor market. These are generally second-tier economic data from the United States, but they may garner more attention this time around because [..]

Daily Market Comment – Dollar rules the FX skies, equities undecided

Posted on November 12, 2021 at 9:43 am GMT

Dollar remains king as Fed shockwaves reverberate Stocks caught in limbo, oil prices wary of supply risks Second-tier data coming up today, but could be crucial Dollar reigns supreme The trading week is coming to a close with the dollar ruling the skies over the FX battleground, after a shocking acceleration in US inflation reignited expectations for faster Fed rate increases and served as jet fuel for the reserve currency. Markets are currently split on whether the FOMC will hike [..]

US Open Note – Stocks flicker green, dollar buoyant after yesterday’s upbeat CPI

Posted on November 11, 2021 at 2:52 pm GMT

Inflation expectations grow, down under jobs data disappoint and UK GDP dampens rate hikes Public holidays in Canada and the US have investors’ focus turned to Australian employment, and the growth and trade data out of the UK. Yesterday’s stronger US October CPI figures have boosted rate hike expectations as a higher inflation environment, which is aiding the greenback, is projected to put further pressure on the Fed to take action. The two-year US yield is also supporting the dollar, [..]

Technical Analysis – EURUSD plummets to new 16-month low of 1.1453

Posted on November 11, 2021 at 1:18 pm GMT

EURUSD plunged to a new 16-month low of 1.1453 earlier today, further extending the donwntrend from the peak of 1.2267. The pair has been developing within a steep negative movement since May 25. The MACD oscillator is strengthening its negative momentum below its zero and trigger lines, while the RSI is moving sideways below the 50 level. If the pair slips further, immediate support could come from the 1.1420 barrier, taken from inside swing high in June 2020. More losses could open [..]

Daily Market Comment – Dollar storms higher as hot inflation reignites Fed bets

Posted on November 11, 2021 at 9:49 am GMT

US inflation comes in hot, pouring fuel on Fed rate hike expectations Dollar hits new highs for the year against euro and sterling Stock market feels the heat, gold turns into an inflation hedge Markets reprice Fed Another shocking acceleration in US inflation unleashed havoc across global markets yesterday. The annual CPI rate clocked in at 6.2%, overcoming even the most aggressive forecasts. It was the usual suspects such as energy prices and used cars driving inflation higher again, although [..]

As central banks push back on rate hike bets, can they be trusted? – Special Report

Posted on November 10, 2021 at 3:40 pm GMT

The world’s biggest central banks have been on the offensive lately, arguing that markets have become overly aggressive with their pricing of rate hikes. Policymakers have been taken aback not only by the scale of the price shocks induced by the global shutdowns but also by how widespread and persistent the supply constraints have become. Subsequently, inflation expectations have risen to multi-year highs, with bond markets being the first to respond to the changing inflation landscape. But who is right? [..]

US Open Note – Risk off mood ahead of key US data, dollar ticks higher with yields

Posted on November 10, 2021 at 2:08 pm GMT

US Inflation report and unemployment claims mixed Investors are digesting today’s US CPI data and unemployment claims, which came out at 13:30 GMT. The figures could force the Fed to consider delivering tighter monetary policy measures, especially as inflation came in stronger. Supply shortages continue to linger and are feeding price pressures, while the rising US two-year yield is aiding the greenback. The dollar index has steered above the 94.00 mark, while the euro has dipped to $1.1535, and the [..]

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