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Yen leads the charge as currencies recover against Buck
We’re seeing a reversal of flow as the week gets going. Most notably, the US Dollar has sold off hard across the board. It’s possible, a lot of this has to do with the sharp turnaround in the Yen. Audio Update Technical highlights EURUSD Closer to finding higher low GBPUSD Strong support into 1.2000 USDJPY […]
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Are we headed for a hard landing?
Investors have been a lot more worried this week about the prospect for a hard landing. We’ve seen a combination of stronger US economic data and softer economic data outside the US, which has made for a situation where the US Dollar has been well bid, while US equities have been under pressure. Audio Update […]
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Back to higher for longer
US rates rose for a third consecutive day, while US economic data continued to outperform other regions. All of this resulted in more broad demand for the US Dollar and more risk off flow in equities. Audio Update Technical highlights EURUSD Looking for a higher low GBPUSD Testing meaningful support zone USDJPY Sights set on […]
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Sentiment sours as global data disappoints
Softer PMI reads out of China and the Eurozone added to current downside pressure on risk assets, with the US Dollar extending its run and equities under pressure as a consequence. Meanwhile, bond yields surged after Saudi Arabia and Russia extended oil production cuts. Audio Update Technical highlights EURUSD Looking for a higher low GBPUSD […]
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Downbeat vibes as US returns
Markets get back to fuller form on this Tuesday as the US and Canada return from the long weekend holiday break. Overall, we’re back to trading in risk off conditions as the global economy worries about the ongoing threat of inflation in conjunction with slower growth. Audio Update Technical highlights EURUSD Looking for a higher […]
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An ugly mix of slowing growth and rising bond yields
The conflicting signs of slowing growth and rising bond yields has been eroding at sentiment, and all of this has been threatening the idea of a soft-landing consensus for the global economy. Audio Update Technical highlights EURUSD Looking for a higher low GBPUSD Testing meaningful support zone USDJPY Sights set on 2022 high AUDUSD Trying […]
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Bad news versus too much bad news
The stock market continues to try and hang on to whatever it can to keep the momentum going into the end of the week, though there are potential cracks at the surface. Certainly, when looking over at the currency market, we’re getting a different message. Audio Update Technical highlights EURUSD Signs of wanting to turn […]