S&P 500 and Nasdaq 100 Outlook: Test of Yearly Lows Near
U.S. stocks continue to look weak, a test of the Feb/March lows is very close; levels and lines to watch.
Russian Rouble Hits near 2Year High vs Euro
April 25 Reuters The Russian rouble strengthened on Monday, firming past 77 against the euro to a near twoyear high, helped by tax payments that companies are due to make this week and as the market looked ahead to a central bank rate decision on Friday. By 1453 GMT, the rouble had gained 3.6 to […]
Sterling Falls to Lowest Level Since Sept 2020 Versus Dollar
April 25 Reuters Sterling fell on Monday to its lowest level since September 2020 against a strengthening dollar, while money markets scaled back their bets on future monetary policy tightening by the Bank of England BoE. The dollar climbed to a twoyear high versus a basket of major trading partner currencies and was on track […]
Palladium Falls nearly 13 on Worries over China Demand Hit
Palladium, gold touch nearly fourweek low Silver touches lowest since Feb 16 Dollar at peak since March 2020 April 25 Reuters Palladium prices fell nearly 13 on Monday as China39;s COVIDled lockdowns soured the demand outlook for the autocatalyst, while looming U.S. interest rate hikes took the shine off gold. Spot palladium fell 9.6 to […]
Indian Shares Track Asian Peers Higher; Auto Stocks Rally
BENGALURU, April 26 Reuters Indian shares followed Asian peers higher on Tuesday, snapping two sessions of sharp losses, with investors awaiting a set of earnings from domestic companies before placing fresh bets. The NSE Nifty 50 index was up 1.32 at 17,179.55, as of 0440 GMT, while the SP BSE Sensex rose 1.31 to 57,321.57. Both the […]
Dollar near 2 YearPeak on China COVID Fears, Fed Fike Bets
HONG KONG, April 26 Reuters The dollar held near a twoyear peak on Tuesday as concerns about the economic impact of China39;s COVID19 lockdowns held up the greenback39;s safehaven appeal and aggressive U.S. interest rate hike expectations kept bond yields elevated. The dollar index , which measures the greenback against six main peers, was 0.13 […]
CAD to Stay at Core of Financial System, not Crypto BoC
OTTAWA, April 25 Reuters The Canadian dollar will remain at the center of the country39;s financial system, the central bank chief said on Monday, responding to questions about a Conservative leadership candidate39;s pledge to make the country the blockchain capital of the world. There are promising benefits from innovation in the financial sector. Having said […]
Brazilian Real Tumbles Amid Rallying Dollar, Local Tensions
SAO PAULO, April 25 Reuters The Brazilian real has returned to the list of worst currencies among its peers with two sessions of heavy losses, suffering a blow from the rallying dollar after benefiting from a crowded carry trade, with increased tensions in Brasilia giving traders a reason to get out. On Monday, the real […]
Bitcoin Price Q2 Technical Forecast: Quiet Trading Won’t Last Long
Bitcoin sold off hard during Q4, but then during the first frame of 2022 it underwent a period of relatively directionless trading. Contracting price action over the last three months could continu…
EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Apr 01, 2022 when EUR/GBP traded near 0.84.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.