US Dollar Pullback Begins: EUR/USD, GBP/USD, AUD/USD, USD/JPY
The US Dollar pullback has begun. But where will support show – and which major pairs are most enticing when plotting support plays in the USD?
Apollo’s Rowan warns rivals to ignore blockchain at their peril
Apollo Global Management Inc.’s Marc Rowan has been a pioneer in private equity for decades. The next big thing in the eyes of the billionaire: blockchain.
Dow Jones, Nasdaq 100, S&P 500 Technical Outlook
U.S. stocks are trying to stabilize here and turn the corner higher; levels and lines to watch.
Retailer WH Smith Suspends Funky Pigeon Online Orders after Cyber Incident
April 19 Reuters British retailer WH Smith Plc said on Tuesday it has suspended orders from its online greetings card and gift business Funky Pigeon following a cybersecurity incident last week. WH Smith, which sells books, stationery, and other items at its stores in travel hubs, said no customer payment data with Funky Pigeon was compromised […]
Rio Tinto Suffers Iron Ore Shipments Drop on COVID Delays
Rio Q1 ironore shipment and production declines Need to lift operational performance, CEO says Flags risk of a resurgence of COVID19 lockdowns in China SYDNEYBENGALURU, April 20 Reuters Rio Tinto on Wednesday reported lowerthanexpected iron ore shipments in the first quarter and warned of risks from sustained high inflation, a resurgence of COVID19 lockdowns in China […]
JPY Lower, CAD higher in Holiday Market; US housing starts
Rates as of 0630 GMT Market Recap JPY keeps sinking USDJPY keeps moving higher! Verbal intervention from Bank of Japan Gov. Kuroda and Japan Finance Minister Suzuki temporarily reversed the move during Tokyo time but the pair recovered during the New York session and has since moved higher to trade over 128 for the first […]
The Dollar is only Halfway Through the Hawkish Fed Rally
The dollar index passed 101, which we last saw for just over a week at the height of the lockdowns. But history suggests that this rally has roughly passed the halfway point. Except for a brief period of stock market panic in March 2020, the last time the dollar was at this level against a […]
JPY Forecast Q2 2022: Will Inflation Surpass the Bank of Japan’s Target?
The anti-risk Japanese Yen put in a dismal performance during the first quarter of 2022, particularly as March wrapped up. A majors-based Japanese Yen Index that averages JPY against USD, AUD, GBP …
US Dollar Forecast Q2 2022: Dollar Rate Hikes, Conversion and Safety Appeal
It is difficult to tell what role the Dollar will play in the global financial system heading into the second quarter of 2022. On the one hand, traditional risk assets have held back the tide of a …
Germany 40 IG Client Sentiment: Our data shows traders are now net-short Germany 40 for the first time since Apr 05, 2022 when Germany 40 traded near 14,379.60.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 40-bullish contrarian trading bias.