All Articles Tagged - EURUSD

US Open Note – Stocks remain upbeat and dollar stabilizes

Posted on July 7, 2021 at 1:52 pm GMT

Softened market mood prepares for US job openings and Fed minutes The Nasdaq 100 remains comfortably at its highs, while the S&P 500 and the Dow Jones Industrial Index have largely recouped the minor setback related to yesterday’s ISM PMI data. Markets have calmed and the dollar index is consolidating around 92.50, following its latest gains. The minor cooling of the US economy along with 10-year yields dropping to 1.30% have barely hurt the dollar. That said, four straight months [..]

Daily Market Comment – Risk aversion hits stocks, revives dollar

Posted on July 7, 2021 at 8:52 am GMT

Risk aversion hits stock markets, breathes life back into dollar Yen shines as US yields decline, oil under pressure, gold cools Fed minutes today could decide if this volatility episode lasts Pandemic-style worries haunt markets It was an explosive session across financial markets on Tuesday as risk aversion made a rare comeback. The underlying theme was fear, but with a pandemic-style flavor. Investors essentially slashed their exposure to assets that are linked to the real economy and looked for shelter [..]

Can the Delta variant wreck hopes of an end to lockdowns? – Special Report

Posted on July 6, 2021 at 2:32 pm GMT

The highly contagious Delta variant of Covid-19 has fast become the dominant strain around the world, spreading beyond Asia. Countries with low vaccination rates like Australia have had no choice but to reimpose draconian lockdowns, but in other places such as America and Britain where most adults have had at least one vaccine dose, there are no plans yet to pause the full reopening of their economies. Is it sensible to assume so early on that vaccines have broken the [..]

US Open Note – Stocks tread water around highs and dollar ticks up

Posted on July 6, 2021 at 2:31 pm GMT

Markets process June ISM services PMI Markets seem somewhat muted around their highs after Friday’s mixed payrolls report but the greenback’s demeanour has strengthened slightly. Although global recoveries are on the right path, markets continue to try and clearly decipher the plans or approaching plans of central banks gradually ending accommodative policy. The dollar index has improved to 92.40, while the euro and sterling faded from their intraday highs but held above the $1.1800 and $1.3800 borders. Spikes in infections [..]

Daily Market Comment – Aussie and kiwi capitalize on softer US dollar, oil roars

Posted on July 6, 2021 at 8:36 am GMT

Australian dollar storms higher after RBA slows asset purchases Kiwi jumps too, capitalizing on softer US dollar and RBNZ pricing Oil prices cheer as OPEC abandons talks, gold pushes higher RBA takes half measures, aussie still soars The Reserve Bank of Australia took the first step towards exiting cheap money policies at its meeting today. It signaled that asset purchases will slow down since the economy is much stronger than earlier expected, but tried to neutralize this optimistic message by [..]

US Open Note – Dollar in doldrums; RBA & OPEC+ decision awaited

Posted on July 5, 2021 at 1:26 pm GMT

US dollar under pressure ahead of FOMC meeting minutes Stock and FX markets resumed in quiet mode on Monday as the US was enjoying a long weekend for the 4th of July Independence Day. Perhaps the mixed results in the comprehensive Nonfarm payrolls report, which displayed a robust growth in new job positions but a soft increase in the unemployment rate on Friday, also provoked a tepid trading ahead of the FOMC meeting minutes due on Wednesday. Particularly investors are [..]

Daily Market Comment – Dollar knocked down after jobs report, stocks party

Posted on July 5, 2021 at 8:54 am GMT

US dollar takes some damage, equities hit new records after US jobs data Oil prices remain elevated amid OPEC divisions, talks continue today Aussie dollar braces for crucial RBA meeting early on Tuesday Nonfarm payrolls hit the sweet spot The US employment report left markets spinning on Friday. While nonfarm payrolls overcame expectations by a solid margin, the unemployment rate paradoxically rose a touch, baffling traders and sparking a fresh round of volatility in most assets. The two numbers come [..]

Technical Analysis – EURUSD bears take a breather after 3-month low

Posted on July 5, 2021 at 8:02 am GMT

EURUSD opened the week on a neutral note, keeping its footing around the 1.1845 level and near June’s lows despite inching to a three-month low of 1.1806 on Friday. Trend signals remain daunting as the price continues to trade comfortably below its simple moving averages (SMAs) and under the Ichimoku cloud, which proved to be a tough resistance area to overcome last week. The negative cross between the 20- and 50-day SMAs is further dashing any hopes for trend improvement. [..]

US Open Note – Dollar slips as NFP report is mixed

Posted on July 2, 2021 at 1:04 pm GMT

Dollar dives after NFP report; unemployment rate advances to 5.9% The US payrolls figure has stolen the attention of traders today as has taken the markets by surprise. The dollar lost some ground after the publication of the non-farm payrolls report, falling near 111.30 against the yen after a strong bullish start towards 111.70 earlier in the day. The US dollar index is moving lower after it topped at 92.74 during the release, while S&P 500, Nasdaq 100 futures and Dow Jones are recording new [..]

Weekly Comment – Resurgent USD looks to FOMC minutes for further boost

Posted on July 2, 2021 at 12:46 pm GMT

It’s been an exceptional week for USD, which has strongly come back in favour with investors following the Fed’s slightly hawkish tilt. However, fresh virus fears amid a rampant Delta variant in Asia have also boosted USD. Next week, it’s all about the FOMC minutes as the Fed will likely hint at the start of taper discussions. Highlights ahead: But first, all eyes will be on the RBA, which meets on Tuesday. A lot is at stake for AUD as [..]

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