All Articles Tagged - EURUSD

Daily Market Comment – Inflation fears creep in again ahead of Fed minutes

Posted on May 19, 2021 at 9:12 am GMT

Inflation worries spark US tech selloff, prompting caution ahead of Fed minutes US futures slip further but dollar slide eases on slight risk averse mood Loonie pulls back from highs on lower oil prices, eyes CPI data Inflation concerns won’t go away Market jitters about higher inflation resurfaced late on Tuesday, weighing on equities, as investors reassessed the outlook for earnings growth against a backdrop of higher costs and supply constraints. Big tech stocks with sky-high valuations were the biggest [..]

US Open Note – Stocks pick up, dollar hurt and gold retains bullish tone

Posted on May 18, 2021 at 1:15 pm GMT

Stocks recoup yesterday’s lost ground as dollar loses dominance US major indices are largely holding around yesterday’s highs after having reclaimed surrendered ground, emanating a slight pickup in risk appetite. That said the damage in the greenback is being felt across the board. The dollar index plunged below the 90.0 mark and has managed to stabilize around 89.70. The Fed’s dovish stance seems to be weighing on the greenback and sentiment appears to be subdued. Steady yields are not discouraging [..]

Daily Market Comment – Stocks bounce back as optimism returns, dollar sags

Posted on May 18, 2021 at 9:13 am GMT

Stocks bounce back as recovery hopes supersede virus and inflation jitters Dollar slumps on easing Fed taper worries but inflation bets lift gold Euro and pound surge as Europe reopens, loonie hits highest in 6 years Markets buoyed as optimism takes over Fears about rising virus cases in Asia receded on Tuesday as signs that infections in India are on the decline and as more European nations slowly lift their restrictions boosted hopes that the global recovery remains on track. [..]

US Open Note – Virus spikes favor safe havens; US equity futures point lower

Posted on May 17, 2021 at 1:12 pm GMT

Stocks tumble as Covid outlook gets cloudy again Markets traded with mixed feelings during the European session as Covid success countries such as Taiwan, Singapore, and Hong Kong reported the highest number of daily infections since the start of the pandemic, forcing the resumption of fresh social distancing measures and the closure of schools, cafes and bars. On the other side of the planet, European economies were moving forward with their reopening plans, with the UK lifting its international travel [..]

Daily Market Comment – Asian virus flareups dent equities but dollar struggles as yields slip

Posted on May 17, 2021 at 9:14 am GMT

Fresh virus spike in Asia weighs on stocks and bond yields, lifting gold But some support for risk assets as taper fears ease after soft US retail sales Dollar steady as investors await Fed speakers and April minutes for new clues Asian virus escalation saps sentiment Market sentiment got off on the wrong foot at the start of the new trading week after Taiwan and Singapore announced tighter restrictions to tackle a worrying spike in Covid cases in recent days. [..]

Technical Analysis – EURUSD acquires toehold to safeguard bullish tone

Posted on May 17, 2021 at 7:47 am GMT

EURUSD has found fresh traction off the minor tentative uptrend line, pulled from the 1.1703 trough, and the mid-Bollinger band, both in the vicinity of 1.2083. The slight upturn in the 50-day simple moving average (SMA) combined with the rising 200-day SMA, are together endorsing price improvements, while the 100-day SMA has yet to regain its positive demeanour. Despite mixed signals in directional momentum, the short-term oscillators seem to be tightening downside defences that lie between the mid-Bollinger band and [..]

Weekly Comment – More pain for USD or will the Fed let something slip?

Posted on May 14, 2021 at 1:34 pm GMT

After some wild gyrations, nothing much has changed for USD as investors are in the dark as ever on when the Fed will dial back its QE programme. The only thing that has become more certain is that it’s less likely to be in the summer. As markets are bombarded with conflicting data, the volatility can only get worse. But a quieter week ahead might provide some respite. What to watch: The focus will remain very much on the Fed [..]

US Open Note – US retail sales disappoint with minor impact on greenback

Posted on May 14, 2021 at 12:57 pm GMT

US retail sales dive below expectations The highlight of the day is the US retail sales, which were flat month-on-month in April, worse than the 1% increase that was expected versus an upwardly revised 10.7% surge in March. The US dollar index is retreating for the second consecutive day with weak momentum and unable to surpass the 91.00 mark. Dollar/yen is trading soft but above the 109.00 psychological level. The dollar could gain on a rise in US yields, while the slow recovery in the employment market may turn consumption [..]

Week Ahead – Inflation scare shakes markets, European PMIs next

Posted on May 14, 2021 at 11:35 am GMT

It was a wild week in financial markets. Stocks got smoked while the dollar clawed back some ground as inflation finally showed its teeth, reigniting worries about higher interest rates being on the horizon. The upcoming week seems calmer. There are no central bank meetings and the minutes of the latest Fed decision will likely be seen as outdated. Instead, all eyes will be on the PMI business surveys out of the Eurozone. Fed-ache Concerns around cheap money policies being [..]

Daily Market Comment – Wall Street snaps losing streak, but retail sales get the final say

Posted on May 14, 2021 at 8:29 am GMT

· Stocks bounce back as Fed calms tapering nerves, dollar retreats · US retail sales today could spark another round of volatility · Bank of Canada chief talks down loonie, FX market quiet overall Equity markets roar back The inflation scare on Wall Street turned out to be ‘transitory’ after all. The major stock market indices managed to claw back some of their losses for the week after some Fed officials dispelled the notion that this inflation episode is enough [..]

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