All Articles Tagged - EURUSD

Volatility remains elevated across the board – Volatility Watch

Posted on August 1, 2024 at 9:21 am GMT

Yen crosses are very volatile after BoJ hike aids yen’s recovery Volatility in commodity sphere jumps amid geopolitical flare ups Global stock indices in turbulent waters but for different reasons Volatility in yen crosses has increased considerably as the latest interest rate hike by the BoJ has added more fuel to the yen’s recovery from multi-year lows against major peers. Moreover, the pound pairs have also been volatile as markets are bracing for the BoE’s rate decision later on Thursday. In commodities, volatility [..]

Market Comment – BoJ hikes but Fed could make a dovish tilt

Posted on July 31, 2024 at 8:20 am GMT

BoJ announces rate hike and bond tapering Focus turns to US data and the Fed Australian CPI fails to record a significant downside surprise Gold and oil jump higher due to Middle East developments BoJ hikes rates and announces bond tapering The Bank of Japan confirmed market expectations and announced a 15bps rate hike earlier today. This is the second tightening move after the March 10bps hike. Citing stronger services inflation, a positive annual change in import prices, solid wage [..]

Market Comment – Markets in waiting mode ahead of earnings releases and risk events

Posted on July 30, 2024 at 8:11 am GMT

Key earnings releases and numerous central bank meetings coming up US stocks in waiting mode, dollar recovering across the board Key euro area data today but all eyes are on Wednesday’s BoJ meeting Gold, oil and bitcoin move in parallel Stocks are mixed ahead of this week’s key events US stock indices were mixed yesterday as the market is preparing for this week’s big events. There is lots of speculation about Wednesday’s Fed meeting but, at this stage, a dovish shift [..]

Technical Analysis – EURUSD eases near downtrend line

Posted on July 29, 2024 at 1:07 pm GMT

EURUSD battles with 20-day SMA Stochastics head up above oversold zone RSI points down near 50 level EURUSD is moving back and forth between the long-term descending trend line and the 20-day simple moving average (SMA) with strong resistance near the 1.0870 level and significant support at 1.0825 and the 200-day SMA. According to the technical oscillators, there are some contradicting signals. The stochastic oscillator posted a bullish crossover within its %K and %D lines in the oversold area, indicating the end of the bearish move. However, the [..]

Market Comment – Yen on the front foot as BoJ hike eyed; stocks stage a recovery

Posted on July 29, 2024 at 9:00 am GMT

Yen looks to extend gains as BoJ set to press ahead with policy normalization Wall Street bounces back on hopes of upbeat tech earnings, Fed rate cut signal Gold and oil in tepid rebound despite heightened tensions in Middle East BoJ to kick off trio of central bank meetings The Japanese yen edged higher on Monday as investors anticipate the Bank of Japan to take the next steps in its policy normalization plans when it announces its latest decision on [..]

Will the Fed signal a September rate cut? – Preview

Posted on July 29, 2024 at 7:43 am GMT

Fed sees inflation on a path to remain low Investors expect three 25bps rate cuts by January Fed to keep rates untouched, focus on guidance The decision is published on Wednesday at 18:00 GMT Data bolster Fed’s confidence At its latest gathering in June, the FOMC appeared more hawkish than expected, revising its interest rate projections from three quarter-point reductions by the end of the year to just one. That said, the softer-than-expected CPI numbers for May a few [..]

Week Ahead – BoJ, Fed and BoE meetings: a hike, a hold and a cut?

Posted on July 26, 2024 at 12:07 pm GMT

A trio of central bank decisions coming up from the BoJ, Fed and BoE One might hike, one might stand pat and the other cut rates ECB to also be in focus as Eurozone flash GDP and CPI data are due Week will culminate with crucial US jobs report BoJ expected to taper; will it hike too? The Bank of Japan has barely left the headlines lately. Whether it’s speculation about rate hikes, the constant hints about bond tapering or [..]

What to expect from markets in the run up to US elections? – Special Report

Posted on July 25, 2024 at 12:56 pm GMT

Presidential race dominates headlines and complicates Fed’s job Equities suffered in the two months leading up to the last six presidential elections Market’s performance in the 2016 pre-election period could be a useful guide Dollar strengthened in 2016 but equities were under pressure Significant developments in the race lately The recent gun attack against Donald Trump and US President Biden’s candidacy withdrawal last weekend have raised even more the profile of the November presidential election. As a result, the market [..]

Market Comment – Stock market correction picks up speed

Posted on July 25, 2024 at 7:50 am GMT

Fed expectations and US election affect sentiment Euro remains on the back foot against the dollar PBoC announces a surprise rate cut Gold suffers, aussie and kiwi losses pile up Stocks’ weakness intensifies Stocks are under severe pressure as the main US equity indices recorded yesterday their worst daily performance since late-2022. Considering the fact that yesterday’s US PMI surveys were mixed, and therefore not the trigger for this move, the cause of the continued weakness in equities runs deep. [..]

Technical Analysis – EURUSD pulls back towards converging SMAs

Posted on July 25, 2024 at 7:03 am GMT

EURUSD retraces lower after hitting 4-month high The bears eye converging 50- and 200-day SMAs Oscillators deteriorate but remain in positive zones EURUSD had been rising steadily following its bullish breakout from a downward sloping trendline in early July, posting a fresh four-month peak of 1.0947 last week. However, the pair has been experiencing a correction since then, with the price approaching the converging 50- and 200-day simple moving averages (SMAs). Should the retreat extend further and the pair break below [..]

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