Australian Dollar Outlook: It’s All About the Big Dollar
The Australian Dollar has a sound economic story, but with the Fed racing against time, the US Dollar is soaring. Will AUD/USD continue to bounce off recent lows?
German Inflation Awakens European Hawks by Helping the Euro
Producer inflation continues to accelerate as it reached a 33.5 yy in April, setting another record for the indicator. Prices added 2.8 last month after jumping 4.9 during March, continuing to gain strength. Germany is said to have the most substantial fear of inflation of any European country, which is eating into German savings. However, […]
CHF Up on Expectations of SNB policy shift, USD Down
Rates as of 0500 GMT Market Recap US stocks were at least calmer than they were on Wednesday. The NASDAQ spent most of the day in positive territory while the SP spend most of the day in negative territory. They both came off in the last hour of trading to close lower. The fall in […]
Has the Dollar Index Reversed to a Decline?
The dollar in the foreign exchange market is correcting some of the gains of the past three months. The dollar index has retreated below 103 after touching 105 a week ago. The retreat of the US currency goes against a wide range of peers and several asset classes. 10year Treasury yields, which peaked near 3.2 […]
S&P 500, Nasdaq, Dow Technical Forecast: Seven-Week Slide Eyes Support
A seventh-weekly plunge takes all three-major indices towards support at fresh yearly lows. Levels that matter on SPX500, Nasdaq & Dow weekly technical charts.
Bloomberg’s Greenhouse Gas Emissions Estimates model: A summary of challenges and modeling solutions
Governments, citizens, and companies around the world are increasingly taking action to reduce greenhouse gas (GHG) emissions.
Crypto boost may be focus for Elon Musk as he acquires Twitter
Elon Musk uses Twitter to share his opinions on improving cryptocurrencies, and he has received plenty of suggestions from crypto influencers on how to change the social media platform for their possible mutual benefit.
Swiss Franc Boost Continues After Hawkish Turn from SNB While US Dollar Sinks
The Swiss Franc strengthened further today as a hawkish Swiss National Bank and a broadly softer USD saw USD/CHF slide. How low can USD/CHF go?
USD/CHF IG Client Sentiment: Our data shows traders are now net-long USD/CHF for the first time since Apr 28, 2022 when USD/CHF traded near 0.97.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bearish contrarian trading bias.
US Dollar Stumbles on Rising Recession Fears, AUD/USD Eyeing Chinese Loan Rate Data
The US Dollar weakened as rising fears of a recession have seen the markets pull back 2023 Federal Reserve rate hike expectations. Ahead, AUD/USD eyes Chinese loan prime rate data.