US Dollar Index, DXY still eyeing for more upside, out of a triangle while SP500 is approaching resistance. Risk-off will be a catalyst for more dollar strength, even vs. some comm. currencies. The question is Read more…
A sense of positivity returned to financial markets as the prospects of more ceasefire talks between Russia and Ukraine soothed investor jitters. Asian shares opened higher on Tuesday morning, tracking the positive overnight cues from Read more…
American equities were relatively mixed on Monday as investors watched the performance of the bond market and the war in Ukraine. On Monday, the yield curve inverted for the first time since 2016 as the Read more…
Germany Gfk consumer sentiment for April dropped sharply from -8.5 to -15.5. In March, economic expectations dived from 24.1 to -8.9, lowest since May 2020 during the first lockdown at -10.4. Income expectations tumbled from Read more…
Markets The violence to which bonds sold off in Asian dealings yesterday eased a bit in European and US trading hours. The Japanese 10y yield stayed marginally above the 0% + 25 bps upper limit Read more…
EUR/USD At the time of writing, the currency pair is consolidating just above the support level at 1.0974 after several unsuccessful attempts to breach that level. Currently, the most likely scenario for the currency pair Read more…
Growth stocks rose amid a sell-off in the bond market. Short-term sentiment remains bullish after a series of higher lows which indicates sustained buying interest. The Nasdaq 100 is heading to the daily resistance at Read more…
The Australian dollar stalls as caution prevails ahead of major economic data. The rally slowed down at last October’s peak at 0.7550. A combination of profit-taking and fresh selling weighs on the Aussie. The bulls Read more…
The Japanese yen recouped some losses after a drop in February’s unemployment rate. The pair surged to August 2015’s high and the psychological level of 125.00. An overwhelmingly overbought RSI may cause a pullback if Read more…
US equities kicked off the week with gains; the Big Tech led gains, as oil stocks slumped following an almost 10% slump in crude oil prices. Shanghai lockdown combined with the rising Covid cases in Read more…