FX

USD/JPY edges higher on Tuesday following the previous day’s gains. Higher US Treasury yields underpin the demand for the US dollar. Hawkish Fed members, reduced contagion Evergrande risk and general risk-on mood aids USD. USD/JPY refreshes daily highs above 111.00 on Tuesday extending the overnight gains. The pair composed of nearly 40-pips movement in the

We continue to view this inflation upswing as largely temporary, said the ECB President Christine Lagarde at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament. Additional quotes: Inflation could prove weaker than foreseen if economic activity were to be affected by a renewed tightening of restrictions. Seeing limited signs

GBP/USD Price Analysis: Bears brace for 1.3600 GBP/USD stays pressured around 1.3670 during the early Asian session on Monday. The cable pair kept Thursday’s pullback from 50-SMA to contribute towards a three-week downtrend by the end of Friday. In addition to the failures to cross a short-term moving average, the signal line of the MACD

Heading into a German Federal election on Sunday, the latest polls suggest that the race to the country’s leadership tightens, as the key candidates hold their final rallies. Sunday’s vote will mark the end of Chancellor Angela Merkel’s 16 years in office. Exit polls will be released when voting ends at 1600GMT on Sunday and

GBP/USD Weekly Forecast: Rate laurels go the the US Federal Reserve BOE leaves rates, asset purchases unchanged, warns on inflation. Federal Reserve and Chair Powell set the stage for bond taper. US Treasury rates move sharply higher after FOMC meeting. GBP/USD drops below 1.3700 in Friday trading. FXStreet Forecast Poll predicts stronger sterling. The Bank

The Dow Jones and the S&P 500 finished the day with gains of 0.1% each, while the Nasdaq was unchanged. Evergrande’s uncertainty will carry on throughout the weekend. Stocks rose, despite the new Federal Reserve hawkishness. Nike fell 6.5%, claiming supply chains crunch and high freight shipping prices. Two of the three major US stock

AUD/USD struggles at 0.7300 as the market mood is risk-averse. Evergrande’s failure to pay its bond interest weighs in the AUD. Australian Retail Sales and Building Permits for August could provide fresh impetus to AUD/USD. Earlier in the Asian session, the aussie was trading at daily highs around 0.7310’s, on the back of the positive

Palantir puts in a big daily surge to close up nearly 5%. PLTR stock just fails to break last week’s high. Stock is likely to fall back now on that failure. Palantir put in a big move on Thursday surprising many with just how far it managed to extend those gains. Some bounce and rally were expected

USD/CHF trades modestly higher on Friday in the early Asian trading hours.  US Dollar Index trades below one-month highs near 93.00. Risk-on sentiment, the divergence of SNB from its peers weighs on the Swiss franc. The USD/CHF pair prints minute gains on the last trading day of the week. The pair remained unfazed by the Fed’s

SPY boosted by friendly Fed as taper talk thankfully limited. Fed is to start tapering but no timeline set. SPY reacts positively to potentially bad news, is that a positive? We have a potential tongue twister from our last bullet point above. The SPY reacted positively to potentially negative news, so is that really a

GBP/USD remains on the back foot around monthly low. Downside break of two-month-old support, bearish MACD favor sellers. 200-day EMA adds to the upside filters, 61.8% Fibonacci retracement offers extra support. GBP/USD bears keep controls around 1.3620 amid the initial Asian session on the Super Thursday, after refreshing the monthly low with 1.3609 due to

Tesla stock outperforms on Tuesday as stocks recover. The bounce is small though as Fed news awaited. Tesla is stuck in neutral ground. Tesla recovered some ground yesterday after equity markets took a tough beating on Monday. While broader markets struggled to bounce, Tesla stock did at least gain over 1% in a steady session.

“China has tools and policy space to prevent the Evergrande situation from turning into a systemic crisis,” said the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath during an interview, per Reuters. “Real estate sector was a big part of China’s economy, and China Evergrande’s potential default could have implications for China’s economic activity and

SPY falls sharply on Monday as Evergrande concerns expand in Asia. Stocks slide also as Fed may talk the taper this week. SPY was due for a pullback, but is this a dip to buy? Well, everyone has been talking about the dip for some time, and the market finally delivered on Monday. A pretty

Unofficially, the Dow Jones Industrial Average lost620.22 points, or 1.79%, to 33,964.66. The S&P 500 dropped 75.28 points, or 1.70%, to 4,357.71. Nasdaq Composite dropped 325.95 points, or 2.17%, to 14,718.02. US stocks were already downbeat last week with renewed risk-off tone gripped the market following China’s disappointing Retail Sales and weaker Industrial Production that raised concerns

EUR/USD has extended its decline as the crisis around China’s Evergrande deepens. As FXStreet’s Analyst Yohay Elam notes, critical support at 1.1705 is eyed. See: EUR/USD set to challenge the 1.1665 August low – SocGen Fear has taken over markets and it is weighing on EUR/USD “Evergrande owes some $300 billion to lenders. Authorities have been

AUD/USD prints a fresh three-week low at 0.7262. Downbeat market sentiment boosts the demand for US dollars. AUD/USD awaits the FOMC meeting to resume its direction. During the European session, the AUD/USD reached a peak of 0.7321. However, as market sentiment deteriorated and American traders got to their desks, the AUD/USD dipped below 0.7300, pushing the

GBP/USD Weekly Forecast: Breaking out of range? Duo of central bank decisions to trigger action Do current inflation trends warrant tightening policy anytime soon? The past week’s latest figures have caused jitters, leaving investors confused. Central banks take the stage in the upcoming week, with the Fed’s taper timing and the BOE’s rate hike prospects