US Dollar (DXY) Soars on Hawkish Fed Commentary and Rising US Treasury Yields
The US dollar, buoyed by hawkish Fed speak and rising US Treasury yields, is cutting a swathe through the FX markets again.
S&P 500, Dow Jones Outlook: Wall Street at Risk as Retail Traders Still Buy the Dip
Believe it or not, retail traders continue to buy the dip on Wall Street. As a contrarian signal, this hints that more losses may be in store for the S&P…
Euro Punches Lower as US Dollar Drives Markets on No Intervention and Fed Hawks
The US Dollar is again off and running after a pause on Tuesday as the Fed states the case for higher rates ad the White House leaves markets to themselves.…
S&P 500 Has Slipped to a Multi-Year Low, But It Doesn’t Register as a Full ‘Break’
Markets are still firmly seated in a ‘risk aversion’ trajectory, but the progress for that slide has ebbed – perhaps owing to the absence of a dominant fundamental event risk…
KOSPI and NIFTY 50 Technical Outlook: Weakness Ahead?
South Korea’s KOSPI Index has fallen below key support this week, while India’s NIFTY 50 is looking vulnerable. What is the short-term outlook and the key levels to watch ahead?
Gold Price Action Echoes Bearish Behavior as APAC Markets Fall
Gold prices are down modestly as APAC markets sell-off. A lull in XAU volatility is unnervingly similar to price action seen over the last few months, setting gold prices up…
Australian Dollar Scuppered as US Dollar Takes the Throne as King of Currency
The Australian Dollar has been belted by a soaring US Dollar and a divergence of policy guidance from the RBA to other central banks. Will a smallish hike send AUD/USD…
USD/JPY Rate Approaches Yearly High Ahead of US PCE Report
Fresh data prints coming out of the US may prop up USD/JPY as the Personal Consumption Expenditure (PCE) Price Index is expected to show sticky inflation.
Crude Oil Price Rebound Keeps RSI Out of Oversold Territory
The price of oil may stage a larger rebound over the coming days as long as the Relative Strength Index (RSI) holds above 30.
S&P 500, Nasdaq 100 and Dow Subdued Amid Persistent Risk Off Mood
Major U.S. equity indices erased earlier gains and finished in mixed territory amid lingering fears of global recession as Treasury yields put in another major jump.