All Articles Tagged - EURUSD

US Open Note – Nonfarm payrolls throw cold water on dollar

Posted on October 8, 2021 at 2:20 pm GMT

Nonfarm payrolls miss forecasts Investors were eagerly waiting for a solid 500k growth in US nonfarm payrolls in September, but the actual results caught everyone by surprise when the data showed a significantly lower addition of 194k. Of course, there were some bright spots in the employment report as the August reading was upwardly revised and average hourly earnings strengthened faster than expected on a monthly basis. Still, the softer job creation was enough to witness the persisting labor shortages [..]

Weekly comment – USD reigns supreme amid energy worries

Posted on October 8, 2021 at 1:21 pm GMT

Energy concerns took a breather after Russia offered to release more natural gas to Europe, but there wasn’t much relief in the FX market. USD continues to outperform as investors bet this crisis will hit Europe and Asia harder than America. The upcoming week seems quite exciting, with a barrage of crucial US data alongside the latest Fed minutes. The highlights: In America, inflation numbers will hit the markets Wednesday, a few hours before the minutes of the latest [..]

Week Ahead – US inflation in focus as energy fears cool

Posted on October 8, 2021 at 10:34 am GMT

Panic around the energy crisis faded a little after Russia offered Europe a helping hand. Stock markets came back swinging but the FX complex didn’t see much relief, with the mighty dollar holding everything else down. Looking into next week, the inflation/growth story will remain front and center with the release of American CPI numbers and retail sales, as well as the latest Fed minutes. Give me shelter The US dollar has reclaimed its throne as king of the FX [..]

Daily Market Comment – Markets perk up ahead of NFP but dollar holds ground

Posted on October 8, 2021 at 8:51 am GMT

Equities advance as inflation and energy fears ease further and US debt default averted But dollar edges up too as US yields climb to fresh highs Focus on US jobs report; will likely clear the path for Fed tapering Risk-on returns as energy panic subsides Another rebound on Wall Street on Thursday set the tone for global equities on Friday as risk appetite recovered further after a tumultuous few days. Stock markets were roiled earlier in the week as energy [..]

US Open Note – Stocks turn green on temporary risk on; antipodeans outperform

Posted on October 7, 2021 at 1:56 pm GMT

Risk-on trading returns Risk-on sentiment continued to navigate markets during late European trading hours on Thursday as worries about the energy crisis took the back seat for the time being and the risk of a government default in the US was expected to be ease today after Democrats showed willingness to raise the debt ceiling to December on the Senate floor. Following complaints that Russia is holding back its energy supplies, mainly from Europe, Vladimir Putin said that his government [..]

Daily Market Comment – Stocks rebound as gloom eases, oil and dollar pull back

Posted on October 7, 2021 at 9:34 am GMT

Sentiment improves after energy prices ease; US debt deal and Biden-Xi meeting help too Strong turnaround on Wall Street pulls global stocks higher but inflation threat not gone Aussie and kiwi lead rebound in FX but energy crisis fears still weigh on euro and pound Fears of an energy crunch subside, for now Markets were in a much more cheerful mood on Thursday as some of the gloom around a deepening global energy crisis, soaring inflation and never-ending supply disruptions [..]

US Open Note – Stocks slip again, and greenback remains buoyant

Posted on October 6, 2021 at 1:43 pm GMT

Risk appetite absent as dollar resilient after ADP jobs data Risk sentiment remains somewhat suppressed today, while rising US yields and growing inflationary pressures have kept the advance in the reserve currency buoyant. Yesterday’s reading of 53.0 in the ISM services PMI’s employment component, may have assisted today’s upbeat ADP employment data, which showed private non-farm payrolls rising by 568K, beating the forecast of 425K. Stubbornly high inflation and a strong NFP number could provide fuel for the Fed to [..]

Roaring dollar turns to nonfarm payrolls – Forex News Preview

Posted on October 6, 2021 at 11:29 am GMT

The US employment report for September will hit the markets at 12:30 GMT Friday. It will single-handedly decide whether the Fed pushes the taper button next month. As for the dollar, it has sliced through its rivals lately as investors searched for shelter from the stock market storm. The bigger picture remains positive in an environment where the Fed normalizes faster than the ECB and BoJ, and with the American economy being shielded from the global energy crisis. Crises everywhere [..]

Daily Market Comment – Stagflation fears hit sentiment as RBNZ hikes rates and oil jumps again

Posted on October 6, 2021 at 9:08 am GMT

Stocks struggle amid the growing threat of global stagflation RBNZ raises rates but kiwi falls as US dollar extends gains WTI futures hit 7-year high, fuelling inflation worries as oil rally continues Sentiment sours again as stagflation fears persist Global equities were back in the red on Wednesday as concerns about sluggish growth and higher inflation returned to haunt investors. The shift towards tighter monetary policy by central banks amid worsening supply shortages around the world and surging commodity prices [..]

US Open Note – Equities heal wounds but risks still in play; RBNZ in focus

Posted on October 5, 2021 at 1:50 pm GMT

Stock markets enjoy some recovery, but not for long While central banks keep talking about a transitory inflation, investors seem to walk on thin ice, wondering whether the combination of supply chain disruptions, rocketing energy prices and labor shortages need to be taken more seriously as initial symptoms of stagflation. Although there is no convincing evidence of stagflation yet, headlines have been more depressing than cheerful around business struggles lately, and that was enough to ghost traders and knock down [..]

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