Thursday, January 21, 2021

ECB maintains very accommodative monetary policy stance

ECB left the “very accommodative monetary policy stance” unchanged as widely expected. Main refinancing rate was held at 0.00%, marginal lending rate a and...

Hot Stories

US: Initial Jobless Claims Fall, but Still Point to Fragile Labor Market

The larger-than-expected decline in initial jobless claims last week is a welcome development, but at 900K, new filings remain elevated. Another negative print for...

ECB Recap: EUR/USD Rallies as Lagarde Shrugs off Euro Strength

As my colleague Fiona Cincotta anticipated yesterday, the European Central Bank made no changes to monetary policy, determining that no additional stimulus was warranted...

Euro Recovers as ECB Sees Less Pronounced Downside Risk, Dollar Softens after Jobless Claims

Euro recovers mildly in early US session, after ECB said downside risks to the economic outlook are less pronounced. Though, it remains one of...

USDCHF’s Bullish Pressures Pause around Vicinity of 200-MA

USDCHF has poked back underneath the 200- and 100-period simple moving averages (SMAs) at 0.8866 and 0.8857. Its recent attempts to decisively surpass the...

ECB Lagarde: Risk tilted to the downside but less pronounced

In the post meeting press conference, ECB President Christine Lagarde said “the roll-out of vaccines, which started in late December, allows for greater confidence...

US initial jobless claims dropped to 900k, continuing claims down to 5.05m

US initial jobless claims dropped -26k to 900k in the week ending January 16, higher than expectation of 860k. Four-week moving average of initial...

GBPUSD Data Driven

The British pound is still appearing fairly weak against the US dollar as buyers fail to move the pair back above the 1.2500 resistance...

JP 225 Index Flirts With 20-SMA after Sharp Rebound; Bearish Bias Intact

Japan’s 225 stock index barely surpassed the 2019 support-turned-resistance level of 19,239 as the blue Kijun-sen line stood tall. Nevertheless, it managed to close...

Russia’s Novak: Russia open to new dates for OPEC+ meeting

Russian news agencies reported the comments by the Russian Energy Minister Alexander Novak, as he said that Moscow was open to new dates for...

MUST READ

Regulation

Japan Tertiary Industry Index (MoM) below forecasts (-0.2%) in August: Actual (-1.2%)

The options market has turned bullish on the British Pound (GBP) for the first time since January 2018, a sign the investors are anticipating...

Oil: Crude markets are at a crossroads – TD Securities

According to analysts at TD Securities, crude markets are at a crossroads with ongoing demand worries clashing with the currently supportive supply side dynamics. Key...

Hong Kong SAR Nikkei Manufacturing PMI climbed from previous 47.9 to 53.3 in August

Hong Kong SAR Nikkei Manufacturing PMI climbed from previous 47.9 to 53.3 in August

USD/CAD struggles near 2-week lows, bears eyeing 1.3400 mark ahead of Powell

• The USD fails to capitalize on the intraday uptick amid increasing Fed rate cut bets. • Rebounding US bond yields do little to...

Australia business confidence data hitting screens prematurely – Bearish, but subject to change

Australia business confidence has been printed by Reuters and is subject to correction as the official release time is not until the top of...

EUR/USD Technical Analysis: Bearish view intact below the resistance line at 1.1286

Cryptocurrencies have enjoyed a massive comeback early on Sunday, recovering most losses. The cleanup seen ahead of the weekend may be over, and it is time to look up to higher levels. Here are the levels...

Market News

US Dollar Rises On Steeper Yield Curve

US dollar rallies as US yield curve steepens The release of the Pfizer BioNTech news saw markets immediately price out further sizeable fiscal stimulus...

US initial jobless claims dropped again to 2981k, continuing claims rose to 22.8m

US initial jobless claims dropped another week, by -195k to 2981k in the week ending May 9. Four-week moving average of initial claims dropped...

Norway Retail Sales fell from previous 0.8% to 0% in August

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our...

Senior Iran Military Official: Attacks on Iran will bring captivity and defeat for enemies

According to the Tasnim news agency, Iran’s armed forces chief of staff, Major General Mohammad Baqeri, said on Tuesday warned that the enemies who...

Dollar Recovers Mildly as Markets Await BoC, BoJ, ECB and GDPs

Dollar recovers mildly in relatively quiet markets today while Aussie and Euro turn softer. But major pairs and crosses are generally keep well inside...

LATEST POSTS

FX option expiries for May 27 NY cut

FX option expiries for May 27 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1100 1.1bn -...

Wall Street opens modestly higher, rising T-bond yields lift financial shares

Defensive sectors continue to underperform amid upbeat mood. Financial shares gain traction on the back of rising T-bond yields.  After reaching fresh record highs on Monday, Wall...

When is the US GDP report and how could it affect EUR/USD?

US Q1 GDP Overview Thursday's US economic docket highlights the release of revised US Q1 GDP growth figures, scheduled to be published at 12:30 GMT....

USD/CHF technical analysis: Finds some support near the parity mark, only for the time being

• The USD/CHF pair added to the previous session's heavy losses and dropped to near six-week lows during the early European session on Friday, albeit

BoE Bailey: We’re beginning to see this recovery

BoE Governor Andrew Bailey said the policymakers are seeing “activity return” and “we are beginning to see this recovery”. In particular, housing markets and new...

USD/INR technical analysis: Sellers await break of 70.36 for further declines

USD/INR seesaws near seven week low, below 50% Fibonacci retracement. Bearish MACD pleases bears but break of early-August low becomes necessary for further declines. Despite trading near...

Forex – Aussie Gains Amid Strong China Data; BOJ’s Comments in Focus

© Reuters. Investing.com - The Australian dollar gained on Wednesday in Asia after China, its biggest trading partner, reported strong GDP data. The pair gained 0.2%...

CNH underperformance partly mitigated by higher yield – ANZ

Irene Cheung from the Australia and New Zealand Banking Group (ANZ) says that yield pick-up has been a key support to ward off the Offshore...

EURUSD 1.1200 Support

The euro is starting to retrace lower against the US dollar after finding strong technical resistance from just above the 1.1350 level. The EURUSD could...