The euro has held up relatively well this week compared to other more high-beta currencies. But generalised risk-off has taken hold in markets resulting in a bid to the dollar. This has primarily been due to fears around higher inflation …
GBP/USD sinks to eight-month lows Cable has broken recent cycle lows at 1.3571 this afternoon, falling over 1% versus the dollar. The gains it made after the hawkish Bank of England meeting last Thursday have been fully erased. This advance …
While the Evergrande story rumbles on with no definitive solution as yet, rising energy prices are grabbing the headlines. Rising gas prices are up over 7% today. Crude oil enjoyed a third week of gains last week and is rising …
The dollar is finding a bid today as it reverses its recent losses on more cautious risk sentiment. China Evergrande failed to make a coupon payment due yesterday, so markets are on edge as we go into the weekend. The …
Market trends are fairly positive today as events in China look to be more constructive. Evergrande shares surged on higher volumes as Beijing tried to take hold of the situation and avoid a near-term dollar bond default. Bonds are mostly …
The broad-based rally seen in the dollar since the low earlier this month has paused over the last few sessions. This evening’s Fed meeting and press conference will determine if dollar bulls can break resistance at the March high at …
Softer risk tone keeps GBP/USD offered After trading down to its weakest in four weeks yesterday, GBP/USD looked to be clawing back some losses earlier today. But bearish momentum is still strong with the Bank of England unlikely to pivot …
Markets are off to a very bumpy start this week with multiple risk events impacting. These include numerous central bank decisions (Fed, BoE, SNB, BoJ) and national elections in Canada. Of course, the Fed is the most “live” meeting as …
EUR/USD was all set for a fairly steady few days into next week’s FOMC meeting on Wednesday. A “wait-and-see” mode was expected with softer US data, most notably NFP and CPI, hitting dollar sentiment. Conversely, an uneasy risk environment was …
The swissie is the weakest major on the month and week, with sellers especially abundant today. We could pick out several different crosses with NZD/CHF and CAD/CHF breaking (trendline) resistance to recent highs. CHF/JPY has broken down to levels last …
