An appetite for FX safe havens overnight led to JPY and CHF outperformance. Despite being a risky currency, the AUDUSD wasn’t far behind, finishing 0.5% higher at .7265. As noted here last week, the AUDUSD has (for now) thrown off its tag as a risk currency and is being supported by dividend repatriation flows for […]
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Daily Pivots: (S1) 1.0844; (P) 1.0861; (R1) 1.0886; More… EUR/USD is staying in consolidation below 1.0894 and intraday bias stays neutral. Further rally is expected as long as 1.0810 resistance turned support holds. Break of Read more…
Global financial markets are trading with a risk-on sentiment today, starting from the Asian session and continuing through the European and early US sessions. However, gains in stocks have been relatively limited, partly constrained by Read more…
Fed Vice Chair Michael Barr stated in a speech today that while inflation has decreased from its peak of 7.1% to 2.7%, it is “not yet all the way to 2% target. He noted that Read more…