FX

New Zealand Prime Minister Jacinda Ardern announced on Monday, the lockdown in the country’s largest city of Auckland will be extended by two weeks. Earlier on, the local media reported that the government is considering tightening restrictions in Auckland again, on the lines of a ‘circuit breaker’ lockdown. This comes as the South Pacific Island

The Dow Jones Industrial, the S&P 500, and the Nasdaq Composite posted gains between 0.7% and 1.6% on Friday. US Retail Sales surprised to the upside, while the University of Michigan Consumer Sentiment Index fell. The USD/JPY reached five-year highs above 114.00. Bitcoin broke the $60,000 barrier, trades at All-Time-Highs. US equities finished on a

USD/JPY soars during the week, despite US dollar weakness across the board. Rising US T-bond yields underpins the USD/JPY pair. US Retail Sales upwardly surprised, rose by 0.7%, more than expectations. The USD/JPY extends its one-and-a-half month rally, advances 0.47% during the New York session, trading at 114.21 at the time of writing. As portrayed by

The euro extends decline below 0.8450 to explore YTD lows nearing 0.8400. Risk appetite and BoE tightening expectations are underpinning the pound’s rally. EUR/GBP: Below 0.8450 the pair could dive to 08281/39 – Credit Suisse. The euro has extended its decline against a firmer British pound on Friday, breaking below the 0.8450 level for the

NYSE:AMC extends advance on Thursday as Wall Street runs on earnings reports. #AMCSqueeze is trending again as the SEC investigates Citadel. A slew of new releases in theaters should keep AMC’s momentum going. Update October 15: NYSE:AMC extended its rebound from five-day lows of $36.12 into the second straight day on Thursday. AMC shares gained

AUD/USD breaks above 0.7400 for the first time in a month. Risk-on market sentiment turn investors towards riskier assets boosts the AUD. US Initial Jobless Claims dropped below the 300K mark. The Australian dollar climbs 0.58% is trading at 0.7423 during the New York session at the time of writing. The market sentiment is upbeat,

USD/TRY continues to march higher near 9.200, new records highs. Turkish President sacks three Central Bank’s policymakers in a sudden way. US Dollar Index holds near 94.00, licking post-CPI wounds. USD/TRY posts gains for the fifth straight session on Thursday. The cross-currency pair peaked at all times at 9.188 following the previous session’s upside momentum.

XAU/USD rallies above $1,780 on a higher than expected US CPI reading. Fed policymakers across the wires agreed to begin the bond taper by the FOMC November meeting. Silver rises in tandem with gold, almost 3% in the day. Gold (XAU/USD) surges during the New York session, trading at $1,793, up almost 1.86% at the

EUR/USD recovers initial losses on Wednesday in the Asian session. The US Dollar Index backtracks from yearly highs despite a rebound in US T-bond yields. Divergent monetary policy outlooks between the ECB and Fed weighs on the euro, US inflation eyed. The EUR/USD holds gains in the  Asian session on Wednesday. After testing the fresh

“I myself believe that the ‘substantial further progress’ standard has more than been met with regard to our price-stability mandate and has all but been met with regard to our employment mandate,” Fed Vice Chair Richard Clarida said on Tuesday, per Reuters. Additional takeaways “If recovery remains on track, gradual tapering of asset purchases concluding middle

During a press conference on Tuesday, the Bank of Korea (BOK) Governor Lee Ju-yeol said that the central bank is prepared to deploy FX market stabilizing measures if needed. Additional quotes Tuesday’s rate decision was not unanimous  Board member Lim Ji-Won dissented to Tuesday’s rate decision.  Board member Suh Young-Kyung dissented to Tuesday’s rate decision. Chances of

Apple stock retraces but fails to beak 21-day moving average on Friday. Has Apple bottomed out as a double bottom looks possible? AAPL stock has been falling and Monday is likely to be a quiet session. Friday saw a brief rally for tech stocks after the weak employment number. The weak data, led short-term traders

S&P 500 Futures track Wall Street losses as tapering tantrums remain intact. Taiwan, phase one deal hint at further US-China tussles. US holiday restricts market moves, Wednesday becomes the key day for markets. S&P 500 Futures remain on the back for the second consecutive day, down 0.15% intraday around 4,375 during early Monday. The risk

GBP/USD closes the week above 1.3600 frem 1.3405 lows in late September. BoE tightening expectations have fuelled the pound’s recovery. GBP/USD seen at 1.41 in 2022 – Westpac. The British pound has found support at 1.3610 after having hit resistance at one-week highs of 1.3660 earlier today. The pair consolidates above 1.3600 after a significant recovery from year-to-date lows

XAG/USD is steady as the US 10-year T-bond yield sits firmly around 1.61%. The US Dollar Index seems poised to close above 94.00 for the second consecutive week. Silver (XAG/USD) is advancing during the New York session, climbs 0.69%, trading at $22.76 at the time of writing. Price action throughout the American session has been

EUR/USD retreats from daily highs around 1.1560’s amid US dollar weakness. EUR/USD: Failure to hold 1.1500 could send the pair tumbling towards 1.1348. The market sentiment is downbeat, as investors believe a Fed’s bond taper announcement is imminent. The EUR/USD rises above Thursday’s daily highs is trading at 1.1572, gaining 0.17% during the New York

DXY quickly faded the initial optimism and dropped below 94.00. The US economy added 194K jobs in September vs. 500K expected. The US jobless rate edged lower to 4.8% (from 5.2%). The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main rival currencies, retakes the 94.00 barrier following an ephemeral

NZD/USD extends previous day’s gains, pokes intraday top of late. Upbeat RSI, break of short-term resistance direct bulls toward 100-SMA hurdle. Previous resistance, weekly support line challenge pullback moves. NZD/USD refreshes intraday high around 0.6950, up 0.35% on a day following China’s Caixin Services PMI data release during early Friday. In doing so, the kiwi