Tomorrow, Germany reports CPI figures for July. That gives us a first look at what to expect from inflation data out of the EuroZone to be released on Wednesday. The consensus is for another increase, Read more…
The Aussie Dollar started a fresh decline from the 0.7000 resistance zone against the US Dollar. The AUD/USD pair declined below the 0.6950 level to enter a bearish zone. There was a clear move below Read more…
The Chinese Yuan extends recent decline and hits a new 2-year low today. This comes on the back on broad based strength in Dollar, on expectation that Fed’s interest rate will stay high for long Read more…
The Aussie dollar started the week in negative mode, opening with gap lower after hawkish comments from Fed chair Powell further boosted the US dollar and extending last Friday’s 1.2% drop. Fresh bears cracked key Read more…
The USDJPY rose to six-week high on Monday after markets digested comments from Fed Chair Powell last Friday and hawkish stance that the central bank kept, sent stocks lower and further lifted the dollar. Strong Read more…
The US 500 stock index (cash) has experienced a massive drop in the previous session, extending the retreat from its recent resistance point. Even if the decline has come to a halt at the congested Read more…
Canada could be the front-runner for a new Tesla gigafactory as Musk saying Monday he hopes to unveil the next location before the end of the year. Tesla (TSLA) – Get Tesla Inc. Report CEO Elon Read more…
Cable remains in strong defensive mode and accelerates below 1.17 handle in early Monday, hitting new lowest since March 2020. Fresh dollar’s strength following Fed Powell’s signals of extended period of higher interest rates and Read more…
The Euro edges lower in early Monday’ following a triple-Doji last week that signaled strong indecision but the action is still moving above new 2022 low at 0.9900, posted on Aug 23. The single currency Read more…
“Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance,” Powell cautioned Friday in Jackson Hole U.S. Treasury bond yields spiked higher Monday, lifting Read more…