Dollar is staying generally firm today but lacks clear-cut momentum to extend last week’s rally. Overall sentiment is mildly on the risk-off side, with major European indexes and US futures in red while benchmark treasury Read more…
Wall Street is re-thinking its Fed fight, and pricing in two more rate hikes following Friday’s blowout jobs report. U.S. equity futures extended declines Monday, while the dollar powered higher against its global peers and Read more…
The WTI oil is consolidating above one-month low after falling by 8.5% last week, deflated by by fresh signals about further rate hikes and growing concerns that slower growth in major economies would hurt global Read more…
The US dollar index keeps firm tone on Monday and extends strong rally from past two days, after upbeat US labor and services sector data fueled expectations for a hawkish shift in Fed rate outlook. Read more…
“We faced some challenges in the first quarter (and) market dynamics and some operational inefficiencies impacted our profitability,” said CEO Donnie King. Tyson Foods Inc. (TSN) – Get Free Report posted weaker-than-expected first quarter earnings Monday Read more…
After a period of some improvement in US-China relations since the Xi-Biden meeting in November, the relationship took yet another turn for the worse following the shoot-down of a Chinese ‘spy balloon’ over the Atlantic. Read more…
The Euro is consolidating in early Monday after suffering heavy losses last Thu/Fri (down 1.8%) but remains at the back foot and warning of further weakness. Stronger than expected January US labor data on Friday Read more…
Bears are taking a breather in European trading on Monday after strong acceleration on Thu/Fri which resulted in a weekly loss of 1.7% (the biggest weekly fall since the third week of September). Formation of Read more…
The USDJPY is standing at the front foot, following last Friday’s nearly 2% daily advance and Monday’s opening with a gap-higher. The dollar was boosted by strong US labor figures which signal that the central Read more…
The AUDUSD is consolidating above new three-week low in European session on Monday, but remains at the back foot, weighed by Friday’s large bearish daily candle (down 2.1%). Much stronger US Jan NFP numbers on Read more…