All Articles Tagged - EURUSD

Week Ahead – Could there be another NFP shock in store for the dollar?

Posted on May 28, 2021 at 12:44 pm GMT

As predictions about higher inflation turn out to be mostly correct, investors haven’t been doing such a good job in reading the health of the US labour market. The May nonfarm payrolls report will be an important test for the markets, although this time round, the risk might be skewed towards a positive shock. But a busy data schedule means traders will have more than the US jobs report to grapple with. Australian and Canadian GDP prints, Eurozone flash CPIs [..]

Daily Market Comment – Yields rise ahead of US inflation data; pound jumps on rate hike hint

Posted on May 28, 2021 at 9:13 am GMT

Treasury yields advance on Biden’s $6 trillion budget plan; PCE inflation eyed next But modest gains for dollar as pound spikes after BoE’s Vlieghe hints at 2022 rate hike Stocks head for weekly gains, buoyed by US data and budget proposal, but tech lags Bond yields perk up as big spending back in focus US and global yields look set to end the week on a much firmer note than they started as the prospect of a massive federal budget [..]

US Open Note – Stocks largely silent, dollar stumbles and yields provide no support

Posted on May 27, 2021 at 1:45 pm GMT

Stocks hint risk absence, dollar loses confidence, GDP and jobless claims draw focus The mood in markets seems to be subdued with major US indices remaining largely unchanged after today’s US GDP and weekly unemployment claims. The dollar seems to be playing defence as the 10-year yield dips to 1.53%. The dollar index is consolidating around the 90.00 mark. The pound has performed well, pivoting around $1.4100 and building strong traction on the dollar’s slight setback. The euro recouped earlier [..]

Daily Market Comment – Fed taper talk gathers momentum; dollar, stocks mixed as yields inch up

Posted on May 27, 2021 at 9:39 am GMT

Fed’s Quarles joins Clarida in signalling taper debate may start soon, but yields rise only slightly Prospect of less stimulus keeps dollar supported near one-week high as stocks struggle Taper signals thwart gold’s bid above $1,900/oz, Oil weighed by possible Iran supply boost No tantrum but markets take note of Fed shift Speculation that the Federal Reserve is edging closer to discussing a reduction in the pace of asset purchases dampened the market mood slightly on Thursday, though the lack [..]

US Open Note – Kiwi shines after RBNZ’s hawkish stance; Dollar remains below 109 yen

Posted on May 26, 2021 at 1:00 pm GMT

RBNZ less dovish message drives kiwi up Kiwi is the best performing currency today versus the US dollar, surpassing the 0.7300 handle and recording a fresh three-month high. The Reserve Bank of New Zealand (RBNZ) projected a rate hike by September 2022, taking the economy closer to an exit from the pandemic situation. The bank signalled a less dovish message in May, while leaving monetary policy steady, as it revised up its forecasts for inflation higher but lowered them for unemployment. In other commodity [..]

Daily Market Comment – Kiwi jumps as RBNZ flags stimulus exit; ECB hints not there yet, euro slips

Posted on May 26, 2021 at 9:18 am GMT

RBNZ signals 2022 rate hike, kiwi surges, but ECB plays down taper talk, knocking euro US yields edge up from lows after Fed’s Clarida suggests taper debate could begin soon “Talking about talking about” tapering doesn’t faze gold as price hits $1,900/oz RBNZ plans its exit strategy, kiwi jumps 1% The Reserve Bank of New Zealand took its first step to exit the pandemic-era stimulus on Wednesday, projecting a rate hike by September 2022 and an end to its large-scale [..]

US Open Note – Stocks improve, dollar on back foot as yields dip again

Posted on May 25, 2021 at 1:49 pm GMT

Stocks creep up as dollar heads toward 5-month lows; Fed echoes no alarm Markets seem to be emanating a slight improvement in risk sentiment as major US indices are extending yesterday’s rally at a somewhat slower pace. The fresh dip in the US 10-year yield, currently at 1.58%, is not providing any assistance for the dollar to regain some of its market dominance. As rates are not going anywhere soon as the inflation narrative continues to be downplayed, the dollar [..]

Daily Market Comment – Stocks climb, yields slide as Fed sticks to transitory narrative

Posted on May 25, 2021 at 9:21 am GMT

Bond yields drop again, growth stocks rally after Fed soothes inflation fears China’s crackdown on commodity speculators also eases inflation worries Dollar slumps to near 5-month low, euro surges above $1.2250 Fed relaxed on inflation risks, markets like it Fed speakers came out in droves on Monday to reinforce the central bank’s position on the flare-up in inflation that’s driven markets into speculation overdrive about the timing of when all the stimulus will be withdrawn. Rising concerns that a lot [..]

US Open Note – Dollar mixed in the absence of data

Posted on May 24, 2021 at 12:47 pm GMT

Dollar waits for PCE inflation; euro jumps above $1.22 This week is a quiet period in terms of data as the US core PCE on Friday will be in the spotlight. The US dollar posted some marginal gains in the beginning of this session, but lost steam after finding strong resistance near the 109.00 round number versus the Japanese yen. The lack of major releases is not helping the greenback to turn up until there are more strong US data and Treasury yields stop their decline. The US [..]

Daily Market Comment – Inflation uncertainty makes for cautious start to week

Posted on May 24, 2021 at 9:28 am GMT

Dollar and stocks firmer, look to Fed speakers and data for momentum, inflation clues Euro softer after Lagarde comments, pound slips too Metal prices fall again after China warning, aussie struggles Inflation vs recovery theme Lingering fears of an upsurge in inflation weighed on sentiment at the start of this week’s trading amid a somewhat quieter day with several European markets closed for a public holiday. The clashing themes of the growing inflation threat and the strengthening global recovery have [..]

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