Concerns over hawkish policy tightening fuel global bond selloff US yield curve heads towards inversion, signifying rising recession fears Global stocks continue to find a bid Further signs of stagflation could pull the rug from Read more…
Markets Monday’s post-Powell bond market sell-off simply continued. A 50 bps rate hike (in May) apparently has become the preferred scenario not only for the hawkish wing within the Fed (Bullard, Bostic). Moderates (Mester/Daly) also Read more…
The British Pound started a steady increase above the 1.3200 resistance zone against the US Dollar. The GBP/USD pair even broke the 1.3250 level. It even spiked above the 1.3280 level and settled above the Read more…
EUR/USD During the last trading session, the currency pair reported a growth after the bulls successfully limited the sell-off at the beginning of the day down to the support level at 1.0983. At the time Read more…
US stocks rose on Tuesday even after the hawkish statement from Jerome Powell on Monday. The Dow Jones rose by over 250 points while the Nasdaq 100 index added about 300 points. On Monday, Powell Read more…
Asian markets rally The perpetual armies of bullish investors dominated New York overnight, and also key fast-money markets like Japan today, as they wishfully priced there was no more bad news to come from Eastern Read more…
Equities rallied and treasuries dived yesterday, as a sign that investors are cheering the Federal Reserve’s (Fed) plan to deal more aggressively with the skyrocketing inflation – which is certainly more toxic in the longer Read more…
Market movers today Today we get the euro area consumer confidence from March, an early signal of how consumer sentiment has been affected by the war in Ukraine. Consensus expects a drop to -12.9 from Read more…
UK CPI rose 0.8% mom in February, above expectation of 0.6% mom. That’s also the largest monthly rise since 2009. On a 12-month basis, CPI surged from 5.5% to 6.2% yoy, above expectation of 5.9% Read more…
Daily Pivots: (S1) 1.0979; (P) 1.1013; (R1) 1.1064; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral first. On the downside, below 1.0899 minor support will turn bias back to the downside for Read more…