EUR/USD falls to a low of 1.1918 to start the session Invest in yourself. See our forex education hub. The dollar is holding slightly firmer footing to start the day, helped by a decline in the yuan earlier, though the rest of the market is keeping steadier in general for now. The euro is among… Continue reading EUR/USD eases to session lows as sellers look to seize near-term control
Canadian Dollar, USD/CAD, CAD/JPY, EUR/CAD, Bank of Canada – Talking Points: Equity markets traded mixed during APAC trade as Treasury yields hovered at yearly highs. Robust economic data may intensify Bank of Canada tapering bets and open the door for CAD to continue gaining ground against EUR, USD and JPY. Asia-Pacific Recap Equity markets traded… Continue reading BoC Tapering Bets to Buoy CAD Against JPY, USD, EUR
RBA The main takeaway from Governor Lowe is that he is insistent that the RBA do not want to raise interest rates sooner than 2024. Lowe was explicit in this by saying that the RBA do not share the markets expectations of rate increases in 2022 and 2023. The RBA added that the board will… Continue reading What did we learn from Lowe last week?
Stronger employment report favors the CAD. The Canada employment report came in much stronger than expectations and that has helped to push the USDCAD to the lowest level going back to February 25. The pair is also trying to get and stay below the 1.25195 level. That represents a swing area going back to February 25 ahead of the extreme… Continue reading USDCAD trades up and down but keeps bearish bias after strong jobs report
USD/MXN Forecast: Bullish The last two weeks have been the most volatile and exciting in USD/MXN in a good few months. The recent moves in bond yields have caused the US Dollar to perk up from its recent lows, hurting high-yield risk-on currencies like the Mexican Peso, causing USD/MXN to shoot up to 21.62, before… Continue reading USD/MXN Strongly Correlated to Bond Yields
Australian Dollar, Chinese Economic Data, AUD/USD, Iron Ore, Copper – Talking Points High-impact central bank decisions likely to affect global sentiment this week Chinese home prices, industrial production and retail sales in focus for Monday AUD/USD may rise on higher iron ore prices if Chinese data impresses analysts Discover what kind of forex trader you… Continue reading Iron Ore May Pull AUD/USD Higher if Chinese Data Impresses
The government has suspended the use of the vaccine untial at least Marck 29 over the bold clot concerns. Last week other countries did the same (suspended its use) Over the weekend the firm issued a sstatement: Invest in yourself. See our forex education hub. Source link
Reaches a high yield of 1.6352% The US 10 year yield has surpassed the high yield for the recent cycle from earlier in the month and now trades at the highest level cents February 7, 2020. The high yield reached 1.6370 so far. The next target comes at the February 2020 high of 1.6820% The rise… Continue reading US 10 year yield rises to the highest level since February 2020
Markets have been quite choppy over the last several trading sessions. This past week saw a broad recovery in risk trends with sentiment improving on the heels of simmering bond market volatility. The Dow Jones Industrial Average jumped 4% to a fresh record high and the Nasdaq rebounded 2% while the S&P 500-derived VIX Index,… Continue reading Dow, Bitcoin, EUR/USD, Fed Update, Stimulus, Yields
Bitcoin hits $61,000 While the financial market casino closes on Fridays, it stays open in crypto and that flow of interest tends to be bullish. Looking at the past 13 weekends, there are 8 gains and 4 declines with one weekend virtually unchanged. The gains also far outpace the declines. The lines on this chart… Continue reading Is there a better trade than buying bitcoin late on a Friday?