Russia’s invasion of Ukraine remain the dominant theme in the markets, and Euro and Sterling stay pressured as a result. Swiss Franc is the biggest winner for now on safe haven flow, but Aussie and Yen are also supported. On the other hand, Dollar is dragged down by the steep fall in treasury yield overnight.
Month: March 2022
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EUR/JPY fades bounce off 13-month low, sidelined of late. Sluggish Momentum, bearish chart pattern keep sellers hopeful. 50-SMA, 200-SMA adds to the upside filters, 2020’s peak also challenge bears. EUR/JPY reverses the corrective pullback from February 2021 lows, marked the previous day, inside a short-term descending trend channel formation. That said, the quote remains pressured
USDCAD bounces off the Red Box area (again) The USDCAD has moved down to test the low of the swing area between 1.2649 and 1.2656. The low price just reach 1.26475 but has since bounced back up to 1.2663. The 100 day moving average of 1.26377 is also in play as is the failed swing
The Fed’s Powell in his testimony to the House Financial Services Committee, said he thinks that is “appropriate to raise rates by 25 basis points in March”, and continue that pace unless inflation/growth process in which case they would be “prepared to move more aggressively with a 50 basis point rise at a meeting or
The US and other major economies have agreed on a coordinated release of oil stockpiles after Russia’s invasion of Ukraine pushed crude above $100 a barrel. The International Energy Agency, which represents key industrialized consumers, will deploy 60 million barrels from stockpiles around the world. Half of that amount will come from the U.S. Strategic
Federal Reserve Board Chairman Jerome Powell speaking at a re-nomination hearing of the Senate Banking, Housing and Urban Affairs Committee, on January 11, 2022, in Washington, DC. Pool / Getty Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook. In
In this article JWN Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday reported better-than-expected profits and sales for the holiday quarter, prompting the retailer to offer an optimistic outlook for the coming year in spite of ongoing supply chain
Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin’s forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but remain vulnerable to more selloff. In the currency markets, Swiss Franc is paring some gains but remains the strongest one
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SOFI stock soars in afterhours on Tuesday as earnings boost sentiment. SOFI had been beaten down, so expectations were low ahead of the release. SOFI beat on EPS and revenue and issued strong guidance. SoFi Technologies (SOFI) is an online personal finance company that has garnered quite a bit of investor attention lately. This has been
The JPY is the strongest and the EUR is the weakest as European traders look to exit. A snapshot of the forex market as European traders exit Taking a quick look at some of the technicals for the major currency pairs: USDJPY : The USDJPY is lower on the day and in the process moved
Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has been stalled due to sanctions over Ukraine. The production rose from 11 million bpd in January, while in tonnes, Russia’s total oil and gas condensate
In this article CRM Marc Benioff, co-founder and chief executive officer of Salesforce.com Inc., pauses during a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Wednesday, Jan. 18, 2017. Simon Dawson | Bloomberg | Getty Images Salesforce topped analysts’ estimates for profit and revenue in its fiscal fourth-quarter earnings report. The
Overall, the financial markets are steady in Asian session today. Russian invasion of Ukraine continues after the talks between two leaders yielded no breakthrough. Ukraine is holding on defending while isolation of Russia from the West intensified. In the currency markets, commodity currencies are attempting to break out from range. Aussie stays firm after non-eventful
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USD/CAD fades the previous day’s rebound from three-week low. 50-SMA, one-week-old resistance line guards immediate upside. 200-SMA, 50% Fibonacci retracement limit short-term declines ahead of 1.2560-55 area. Firmer RSI, likely priced-in BOC rate-hike keep buyers hopeful to visit 1.2800 resistance. USD/CAD eases from the weekly top to 1.2730 during the initial Asian session on Wednesday.
Gold runs away from 100 hour MA The price of gold is trading to a new session high of $1935.21. The price trades just off that level at $1934.71. The price is currently up $25.87 or 1.35%. Looking at the hourly chart, the low price yesterday stalled near its rising 200 hour moving average (green