FX

Wall Street’s main indexes trade in the negative territory. Energy shares suffer heavy losses after the opening bell. CBOE Volatility Index (VIX) is up more than 7%. After posting modest losses on Monday, major equity indexes in the US opened in the negative territory on Tuesday. Reflecting the negative shift in market mood, the CBOE

Analysts at Goldman Sachs cite three reasons why not to turn outright bullish on USD/JPY. Key quotes “First, while it has a unique sensitivity to long-end rates, the Yen will benefit with other G10 crosses if US front-end rates converge toward our dovish Fed call.” “Second, speculative traders have turned net short JPY, and we

NIO closes nearly 4% higher on Tuesday as bulls overtake the market. NIO still needs to break above moving average resistance. NIO shares massive appreciation in 2020 is holding back more gains. NIO has been a retail favourite in 2021 with the shares driven to $66.99 in mid-January but has slipped substantially since as investor

S&P 500 Futures trim the intraday losses during the pullback moves from all-time high. Challenges to US President Joe Biden’s infrastructure spending, covid fears seem to weigh on sentiment amid quiet session. S&P 500 Futures pick-up bids from intraday low around 4,161 to trim the day’s losses to 0.20% while flashing 4,168 as a quote

AUD/USD is edging lower in the American session. On a weekly basis, AUD/USD is up more than 100 pips. US Dollar Index struggles to stage a meaningful rebound. The AUD/USD pair rose to 0.7760 earlier in the day but lost its traction during the American trading hours. As of writing, the pair was down 0.2%

Previewing the Bank of Canada’s (BoC) policy meeting, TD Securities analysts said that they expect the bank to reduce its government of Canada (GoC) bond purchases from $4 billion per week to $3 billion per week, as reported by Reuters. Key quotes “In light of the much stronger than expected economic data over the last quarter,

Equity markets continue to set new highs as macro data supports bulls. Refinitiv data shows money market fund redemptions but still inflows to equities. Earnings season switches from bank stocks to reopening plays. Stay up to speed with hot stocks’ news! Equity markets continue to remain bolstered from all sides as the macro environment produces

Consumer confidence in US continued to improve in April. US Dollar Index stays in the negative territory below 91.60.  The Consumer Sentiment Index in the US rose modestly to 86.5 (preliminary) in April from 84.9 in March, the University of Michigan’s latest Surveys of Consumers showed on Friday. This reading came in lower than the market

China’s annualized GDP figures for the fourth quarter of 2020 arrived at % vs. 18.9% exp and 6.5% previous, with the QoQ reading coming in at 0.6% vs. 1.5% exp and 2.6% last. With regard to retail sales YoY, the number was 34.2% vs. 28.0% exp and 33.8% previous, with industrial output YoY at 14.1% and 17.2% exp

The EUR/USD pair advanced to 1.1992 this Thursday, a fresh April high, but it is retreating just modestly. In the view of FXStreet’s Chief Analyst Valeria Bednarik, bulls won’t give up easily.    US Retail Sales jumped to 9.8% in March, beating the market’s expectations  “Germany published March inflation figures. The annual Consumer Price Index

“We continue to believe in a positive benefit-risk profile of COVID-19 vaccine,” Johnson & Johnson said in response to the statement released after the US Centers for Disease Control and Prevention (CDC) Advisory Committee meeting. Earlier on, the US CDC extended the halt on the distribution of the vaccine amid a lack of more data

NZD/USD jumped to its highest level in three weeks above 0.7100. RBNZ left its policy rate unchanged at 0.25% as expected. US Dollar Index fluctuates below 92.00 following Tuesday’s decline. The NZD/USD pair closed in the positive territory on Tuesday and continued to push higher on Wednesday. After touching its best level in three weeks

Silver fades upside momentum after refreshing the weekly top. Confluence of 200-SMA, 38.2% Fibonacci retracement also challenges the bulls. Sellers will look for entries below three-week-old horizontal support. Silver prices waver around $25.30 during Wednesday’s Asian session. In doing so, the white metal buyers confront a downward sloping trend line from March 18 after refreshing

EUR/USD clinches new monthly highs above 1.1930. German, EMU Economic Sentiment decelerated in April. US headline CPI rose 0.6% MoM, 2.6% YoY in March. The buying pressure in the European currency picks up extra pace and lifts EUR/USD to new monthly tops in the 1.1930/35 band on Tuesday. EUR/USD up on weaker dollar EUR/USD managed

The NZIER’s March quarter survey of business opinion signalled that the New Zealand economy is on a steady footing as analysts at Westpac have explained. ”Continuing signs of inflation pressures remain evident and are now showing up more consistently in selling prices. Firms are starting to be more comfortable passing on these costs to consumers.

EUR/GBP fell sharply in the early European session. Retail Sales in Europe increased more than expected in February. BoE policymaker Silvana Tenreyro is scheduled to deliver a speech. The EUR/GBP pair staged an impressive rally last week and gained more than 150 pips. However, the pair struggled to preserve its bullish momentum on Monday and was

USD/JPY catches a bid in Tokyo as the USD firms. US yields are the focus, trading higher to start the week, supporting USD. USD/JPY is firm at the start of the week trading up by 0.1% on the day so far as the US dollar maintains its form on the bid.  US yields have been creeping

Toward the end of trading Friday, the Dow traded up 0.42% to 33,645.90 while the NASDAQ rose 0.06% to 13,837.33. The S&P also rose, gaining 0.32% to 4,110.11. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 31,003,070 cases with around 560,110 deaths. Brazil reported over