Federal Reserve Bank of Atlanta President Raphael Bostic in an interview with Dow Jones / MarketWatch (may be gated): said his suggestion that the central bank take a September “pause” in its push to raise interest rates should not be construed in any way as a “Fed put,” or belief that the central bank would
Month: May 2022
AUDUSD ends the month higher The AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one
EURUSD is back above its 100 hour moving average Both the EURUSD and the GBPUSD saw downside corrective trading break below their respective 100 hour moving averages, only to find support buyers against the lower 200 hour moving average. Looking at the EURUSD hourly chart below, the pair peaked yesterday at 1.07857, and could not
US Senate minority leader Mitch McConnell is on the wires saying that it may take a recession to crush inflation. Meanwhile in the US stock market, after opening lower, the major indices have seen a recovery. Both the S&P and the NASDAQ indices have traded in positive territory. The NASDAQ is near unchanged currently. The
EURUSD has moved down 2000 pips from the January 2021 high As European traders head for the exits for the day, and close out the month of May, the EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United
The Bank of Canada decision is on Wednesday and a 50 basis point hike is fully priced in. CIBC thinks the market is right with 88% implied odds of another 50 bps hike on July 13 but then the BOC will be at 2.00% and won’t get to the 2.78% implied by the OIS market
Cyprus’ iFX Expo is sounding better by the second as FxGrow confirms its presence in this year’s edition. From June 7th to June 9th in Limassol, Cyprus, top level executives and leading trading firms will get to meet, network, grow their businesses, and engage in thought-out, meaningful content. What to expect at iFX Expo 2022?
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The euro is dropping to fresh lows for the day against the dollar, down 0.4% to 1.0730 currently. The pair is now looking poised to test the 100-hour moving average (red line) at 1.0723. That is a level that has seen the upside run over the past two weeks sustain, so a drop below that
There are a couple of large expiries to take note of for the day. The first will be a massive set of expiries for EUR/USD at 1.0590-00 but given where the spot price currently is, the expiries won’t be much of a factor despite the prodigious size. But the expiries at 1.0750-60 and 1.0800 may
On Monday Germany’s inflation figures came in at their highest since the country was reunified after fall of the Berlin Wall: Monetary policymakers at the European Central Bank are sweating, They are way, way behind the curve. Like the Fed was, and still is. Today we get EZ inflation data: Euro zone inflation hit a
Markets: Gold up $3 to $1856 German 10-year yields up 10 bps to 1.056% WTI crude up $2.10 to $117.17 Toronto TSX Comp +0.8% S&P 500 futures up 21 points, or 0.5% AUD leads, JPY lags It was a US holiday so I take everything with a grain of salt but the positive mood from
The Bank of Canada is widely expected to hike rates by 50 basis points on Wednesday but what comes next is less clear. The market is pricing in an 80% chance of another 50 bps in July but will be watching closely for signals from Governor Tiff Macklem. Economists at Laurentian Bank note that this
May was another volatile month in global markets. It’s also a year where the typical seasonal patterns haven’t had a great run. Looking back at May, the seasonal trend was for strength in USD and weakness in AUD. In the early part of the month, that was a fantastic trade as AUD/USD broke down to
With millions of new traders joining the financial markets over the past two years, including many millennials and the even younger members of Gen Z, there is a huge demand for information on how to navigate financial markets. Plus500, the global multi-asset fintech group, has seen this strong growth within its own customer base with
Blood. Everywhere. The combined market cap of cryptocurrencies has declined from a staggering $3 trillion in November 2021 to $1.2 trillion as of this writing. From an all-time high of $69,000 on Nov.10, Bitcoin has tumbled to $28,000. In fact, the OG crypto has traded lower for eight consecutive weeks, the longest continuous string of
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Last week saw a collapse, a tremendous turnaround that suddenly looks like a runaway bull market? The price action is screaming further upside. The only caveat being continuing heavy question marks over the state of the economy and the prospect of continued aggressive rate hikes. The bulls of course have an entirely different view on
Watch the video for the key trading levels for the week ahead for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD. Key Trading Levels For The Week Ahead – AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD from ACY Securities Australia on Vimeo Last week AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, and GBPUSD all finished positive for the
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