EUR/USD: Amidst Holiday Trading a Bullish Trajectory Erupts
The recent trend in EUR/USD received an additional injection of jet fuel into the positive behavioral sentiment yesterday. EUR/USD steadily…
After the last 12 percent party – is the trend reversal following at Amazon?
Biggest daily gain since February th. Yesterday, Amazon shareholders finally celebrated with the stock after a long suffering period. In…
USD/JPY Forecast: Continues to Wait for Jobs Number
Frankly, I just don’t see how the Bank of Japan can change the course of this market, even though it…
GBP/USD ERASES DAILY LOSSES AND RETURNS TO THE 1.1600 RESISTANCE AREA
Sterling is reversing the previous downtrend and returning to the 1.1600 area. Fed rotation rumors keep USD bulls on a…
US: ATLANTA FED GDPNOW FOR Q3 DECLINES TO 2.8%
According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow 2.8% annually in…
AUD/USD STUMBLES TOWARDS 0.6220, EYEING THE YTD LOW OF 0.6169
AUD/USD continues to struggle, extending weekly losses by 2.28%. Mixed US economic data strengthened the dollar, paring Thursday’s losses. Australia’s…
Russia Says Nord Stream Leaks Occurred in U.S. Intelligence Controlled Zone
Nord Stream AG logo on an office building in Vyborg, Leningrad region, Russia, August 22, 2022. REUTERS/Anton Vaganov Foreign Ministry spokeswoman…
“Vortex of volatility” hit the $24 trillion US government bond market
The nerves of fixed income investors have been frazzled by a series of events most commonly seen during market crises. Japan,…
Financial markets are preparing to hit a new bottom
Stress is mounting in financial markets around the world. In the UK, government bond yields rose and the pound fell sharply,…
People do not believe that the Bank of England will save the situation
The pound rose sharply after the Bank of England’s bond-buying program curbed selling pressure on British debt securities, but left…