USD Short Squeeze, EUR, JPY Liquidation, AUD Flips Long – COT Report
US Dollar short squeeze in full swing, EUR & JPY longs liquidated, while AUD Flips to net long.
Attack on Saudi Facilities sends Oil Higher
Rates as of 0500 GMT Market Recap The bond market and interest rates continue to dominate the financial markets attention. Following Fridays blowout nonfarm payrolls figure, which showed an increase in jobs nearly twice what was expected 379k vs 200k expected, and thats after a drop in government employment private payrolls were up 465k, the […]
Brent Hops Past 70 for First Time Since Pandemic Began
Brent crude futures climbed above 70 a barrel on Monday for the first time since the COVID19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities. Brent crude futures for May hit 71.38 a barrel in early Asian trade, the highest since Jan. […]
Deliveroo Launches London IPO after Business Surges in 2020
British food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing on Monday after recording a surge in business during the COVID19 pandemic, although it still posted a loss for 2020. The initial public offering IPO is expected to value Deliveroo at more than 7 billion, based on a private funding round […]
Japan Shares Gain as Cenbank Eases Concerns over Yields
TOKYO, March 8 Reuters Japanese shares rose on Monday as the central bank governors remarks eased speculation that yields on government bonds would be allowed to rise, while optimism over a 1.9 trillion U.S. pandemic relief plan also underpinned sentiment. The Nikkei share average rose 0.66 to 29,050.17 by 0218 GMT, while the broader Topix […]
Australia and NZ dlrs Buoyed by U.S. Stimulus, Commodities
SYDNEY, March 8 Reuters The Australian and New Zealand dollars rose against the greenback on Monday as the passage of a 1.9 trillion stimulus bill in the worlds largest economy buoyed appetite for risk, underpinning commoditylinked currencies. The Aussie rose 0.3 to 0.7701, after falling for two consecutive weeks. It hit a 3year high of […]
Dollar May Rise as Stimulus Boosts Yields, Pound Eyes Bailey Comments
The US Dollar may rise as yields rise after the Senate passes Biden’s $1.9 trillion stimulus plan. The British Pound eyes comments from BOE Governor Bailey.
AUD/USD Aims to Retake Key Level as Markets Digest US Covid Stimulus News
Asia-Pacific financial markets will digest news that the US Senate passed a US$1.9 trillion Covid package. Australian consumer confidence and Chinese inflation data are on tap.
Markets Week Ahead: Dow Jones, Nasdaq 100, US Dollar, Crude Oil, ECB, BoC, Treasuries
Rising longer-term Treasury rates undermined the tech-heavy Nasdaq 100 as the Dow Jones rose last week. The US Dollar is outperforming again, with gold prices sinking as crude oil soars. The Euro a…
Nasdaq 100, S&P 500, Dow Jones Forecast: Growth, Tech Stocks Falling Out of Favor?
Rising longer-term Treasury yields and a relatively sanguine Fed may place the Nasdaq 100 at risk as the Dow Jones holds up. Are growth stocks falling out of favor for value ones?