Monday, June 21, 2021

Dollar and Yen in Brief Retreat as Stocks and Yields Rebound

Dollar and Yen retreat as markets enter into US session. Stock markets are staging a mild rebound in Europe, while US futures also point...

Hot Stories

FedBullard: Post pandemic playbook may not be the same as financial crisis

St. Louis Fed President James Bullard said the US is “in a much stronger position with respect to reopening we would have anticipated and...

WTI Oil Outlook: Oil Prices Remain Well Supported by Expectations for Further Rise in Global Demand

WTI oil price kept a firm tone on Monday and probed above $72 per barrel, following last week’s pullback from new 26-month high ($74.93)...

Stocks Bounce Back, Bullard and Kaplan, Chicago Fed, Oil Rises, Gold Steady, Bitcoin Lower

Wall Street is still feeling the impact of the Fed’s hawkish tilt. US stocks are finding some footing as the growth outlook for the...

ECB Lagarde: Overall effects from US inflation spill-overs are moderate

ECB President Christine Lagarde said in a European Parliament committee hearing, “the outlook for the economy is indeed brightening as the pandemic situation improves,...

Australian Dollar Steadies after Plunge

The Australian dollar has started the week with considerable gains. In the North American session, AUD/USD is trading at 0.7521, up 0.59% on the day....

EUR/NZD Bullish Reversal After Bounce At Key -27.2% Fib Target

EUR/NZD has made a bullish bounce at the -27.2% Fibonacci target. Is this pair ready for a larger reversal after its 3,500 pip decline?...

GBPUSD Eases Below 1-Year High Around 1.3500

GBPUSD is losing ground after it reached a fresh one-year high marginally below 1.3500 on Thursday. The momentum indicators suggest there is still some...

LTCUSD Confirmation Needed

Litecoin is consolidating around the neckline of a bearish head and shoulders pattern as traders await technical confirmation that a strong down move is...

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Regulation

Elliott Wave View: FTSE Resumes Correction

FTSE 15 minutes chart below shows that the index has ended the cycle from June 25 low at 6303.40 high as a double three...

EUR/USD expected to extend gains above 1.1180 – UOB

FX Strategists at UOB Group noted EUR/USD is seen advancing further on a convincing breakout of the 1.1180 region. Key Quotes 24-hour view: “In...

British Pound Remains Strong with Possible Trade Deal in Sight

The market has been thrilled amid signs of progress in the EU-UK deal. Last week, EU Commission president Ursula von der Leyen noted that...

GBPJPY Rises Towards 140.00, Bullish In Near Term

GBPJPY has been moving higher since the soft rebound on the 137.88 support, recovering losses made earlier this month. In the short-term, the market...

GBP/USD technical analysis: Range bound between 1.2560, 4H 21MA

Despite bouncing off near-term horizontal support around 1.2560, the GBP/USD pair’s upside remains confined by 4H 21MA during early Friday.

GBP/USD looks sidelined near term – UOB

Cable faces the likeliness of some consolidation in the near term ahead of a potential test of yearly lows. Key Quotes 24-hour view: “While expectatio

Market News

China brings in Commerce Ministry officials to boost trade talks team – SCMP

Minister Zhong Shan joined the discussion this week in a move observers say shows need to involve more experts as negotiations with the US...

GBPUSD Returns Above 3-Week Low Of 1.2400, Still Negative

GBPUSD has declined considerably after touching a three-month high of 1.2815 on June 10, while during yesterday’s session it posted a fresh three-week low...

Gold aims to revisit 50-day SMA amid pullback in safe-havens

Traders started preferring riskier assets on comments from the US President and his Chinese counterpart. The US data and uncertainty surrounding the US-China trade deal...

NZDUSD Loses Positive Steam, Eases To 50-Day SMA

NZDUSD appears to be resting at the 0.5994 support level, currently where the 50-day simple moving average (SMA) has joined with the upper band...

EUR/GBP clings to gains above 0.9100 on steady BoE

EUR/GBP gyrates around 0.9100 following BoE decision. BoE kept rates, asset purchase facility unchanged today. BoE made no comments on Brexit. The broad-based rangebound prevailing in both...

LATEST POSTS

USD/CHF Retreats To Major Support

The US dollar is treading water as traders await inflation data which would dictate the next movement. The greenback has fallen back to test the...

EUR/USD: Reality check – Danske Bank

Jens Nærvig Pedersen, senior analyst at Danske Bank, explains that the EUR/USD pair faced a reality check of Fed pricing yesterday when the Fed’s Bullard...

Weekly Economic and Financial Commentary: Can the Economic Rebound Outrun the Rise in COVID-19?

U.S. Review With Little Economic News, Investors Focus on the Virus The ISM non-manufacturing index jumped 11.7 points to 57.1, reflecting the broadening re-opening of...

USD Index Outlook: Dollar Falls To One-Month Low On Rising Risk Appetite

The dollar fell to one-month low against the basket of major counterparts on Wednesday, as signs of progress in production of Covid-19 vaccine and rally...

GBPUSD Strong Demand

The British pound continues to enjoy dip-buying demand against the US dollar currency, with traders buying any dips towards the 1.2900 level. GBPUSD bulls could...

Spain 5-y Bond Auction down to 0.023% from previous 0.089%

Spain 5-y Bond Auction down to 0.023% from previous 0.089%

Brazil Nominal Budget Balance came in at -45.92B, above expectations (-48.7B) in September

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Belgium Gross Domestic Product (QoQ) dipped from previous 0.3% to 0.2% in 3Q

Belgium Gross Domestic Product (QoQ) dipped from previous 0.3% to 0.2% in 3Q

GBP/USD sidelined near 1.2850 ahead of PM May-Tories meeting

Tories might again rebel against the PM May if she fails to outline her departure date. US economic data and present Brexit doubts could weigh on...