Traders bet on faster Fed rate increases after solid jobs report Yields spike higher but the dollar cannot capitalize – euro flows? Stock markets take another hit as valuation rotation continues Hot labor market The Read more…
The Aussie Dollar started a fresh decline from well above 0.7250 against the US Dollar. The AUD/USD pair traded below the 0.7220 support to move into a bearish zone. The pair even traded below the Read more…
EURGBP came under pressure during December, crossing below its 50- and 200-day simple moving average (SMA). Moreover, the pair has marked yet more lower lows, reinforcing its overall bearish outlook. Short-term momentum indicators are supporting Read more…
Eurozone unemployment rate dropped from 7.3% to 7.2% in November, matched expectations. EU unemployment rate dropped from 6.7% to 6.5%. Eurostat estimates that 13.984 million men and women in the EU, of whom 11.829 million Read more…
Cable cracks 1.36 barrier in early Monday’s trading, maintaining positive stance following last Friday’s jump on well below expectations US non-farm payrolls data. Bullish setup of daily MA’s underpins the action, along with positive signal Read more…
EUR/USD tests key resistance The US dollar retreated after December’s Nonfarm Payrolls came in far below expectations. The pair has been in a narrowing range between 1.1270 and 1.1365. The previous fall below 1.1280 added Read more…
Eurozone Sentix Investor Confidence rose from 13.5 to 14.9 in January, above expectation of 12.0. Current Situation Index rose from 13.3 to 16.3. Expectations Index dropped slightly from 13.8 to 13.5. Sentix said, “our fundamentally Read more…
Gold’s downside forces have paused a tad beneath the 1,800 mark with the price resting on the 100-period simple moving average (SMA). A more neutral trajectory is being endorsed by the lack of trend in Read more…
Stock investors across the globe are eagerly awaiting the next US inflation report due on Wednesday. Rising bond yields and earlier anticipation of stimulus withdrawal dragged US equities lower last week with the S&P 500 Read more…
EURUSD resumed its negative momentum during Monday’s early European trading hours after barely closing above the restrictive 50-day simple moving average (SMA) on Friday at 1.1359. As long as the ascending trendline is building the soft upward Read more…