What the MACD Indicator is and How it Works
The MACD serves as an oscillator as well as a crossover indicator. Learn how to implement the MACD.
Dollar Resumes Slide as Stock Markets Tentatively Pick Up
LONDON, May 30 Reuters The U.S. dollar resumed its slide on Monday as risk appetite across markets tentatively strengthened, supported by encouraging economic data and bets that the Federal Reserve will tighten policy at a slower pace. The dollar index which tracks the greenback against six major rivals is on track for its first monthly […]
Commodity currencies Up, safe havens Down as Risk appetite Returns
Rates as of 0500 GMT Market Recap Risk appetite has come back! See my Weekly Outlook for an explanation. To sum up, financial conditions have tightened considerably as the markets frontruns central bank tightening. Because of this, inflation expectations have come down. Less expected inflation means less expected tightening. That leads to a revival in […]
Sterling Steady near OneMonth High
LONDON, May 30 Reuters The British pound traded little changed against a faltering U.S. dollar on Monday but was still set for its first monthly gain in five as the risksensitive currency benefited from improving sentiment. As markets have readjusted their rate hike expectations from the Federal Reserve lower, the dollar index has weakened over […]
UK Prices Rise on Cooler, Less Windier Weather
LONDON, May 30 Reuters British wholesale gas prices rose on Monday as cooler and less windier weather raised demand for heating and power consumption, while the European prices rose modestly as concerns over Russian gas disruption are easing. British gas contract for next day delivery rose by 18 pence to 158.00 pence per therm by […]
China Uses Digital Yuan to Stimulate VirusHit Consumption
SHANGHAI, May 30 Reuters China is using the digital yuan to stimulate consumption in its pandemichit economy, with more eCNY applications expected in future to boost transparency and effectiveness of government policies. The southern city of Shenzhen started distributing 30 million yuan 4.50 million worth of free digital cash on Monday to revive consumption and […]
Japan Q2, FullYear Growth to be Weaker than Estimated
TOKYO, May 30 Reuters Japan39;s economy will grow at a weaker rate than previously thought this quarter despite hopes for a strong rebound in consumption after showing resilience in the three months through March, a Reuters poll of economists showed. The world39;s thirdlargest economy is at risk of being hobbled by slowing economic growth […]
European Shares End Strongly on Upbeat U.S. Data
STOXX 600 up 1.5, up 3 this week Tech, industrials, luxury biggest boosts Energy weighs on London39;s FTSE 100 as oil falls May 27 Reuters European shares marked their best week since midMarch, ending Friday on a strong note as upbeat U.S. data and easing bets about aggressive interest rate hikes lifted sentiment. The panEuropean […]
Euro Holding Firm as US Dollar Undermined by Fed Policy Risks. Where to for EUR/USD?
The Euro is approaching a 5-week high as the US Dollar is coming to terms with a Fed that wants to keep its options open. Can EUR/USD continue to rally?
US Dollar Bearish Breakouts in Focus: USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar could be vulnerable to more weakness against ASEAN currencies in the week ahead. Downside breakouts are in focus for USD/SGD, USD/THB and USD/IDR.