Capital markets reviews
EUR/USD has been under pressure as markets sour on Biden’s suggestion of tax hikes. The Fed is set to keep its pressure on the dollar, and that is not fully priced in. Weak US data may also send the greenback down. Friday’s four-hour chart is showing that the downside break was fake. “Buy the rumor,…
GBP/USD has been hovering below 1.37 as markets digest Biden and Powell’s speeches. The UK’s vaccination campaign and weak US data may push cable above strong resistance. Friday’s four-hour chart is painting a bullish picture. Is President-elect Joe Biden going to raise taxes as his first move? That is highly unlikely, but markets are focusing…
EUR/USD has been retreating in response to reports of a $2 trillion stimulus package from Biden’s administration. Fed Chair Powell’s comments on the bank’s bond-buying scheme are highly anticipated. Thursday’s four-hour chart s pointing to further losses. More government money is better for the dollar – at least when it comes to fiscal stimulus. Media…
GBP/USD has been torn between optimism about the UK vaccine rollout and US stimulus hopes. Tentative signs of Britain turning a corner on the second wave may boost sterling. Thursday’s four-hour chart is painting a bullish picture. Is the severe British lockdown bearing fruits? That could serve as a tiebreaker for GBP/USD, which has tackled…
EUR/USD has been extending its losses, falling to the lowest since mid-December. The dollar is moving alongside yields, boosted by President-elect Biden and awaiting Fed Chair Powell. Thursday’s four-hour chart is pointing to further losses. If at first, you do not succeed, try, try again – bears pushed against 1.2125 and was rejected three times…
GBP/USD has been advancing amid bond-related dollar weakness and BOE hawkishness. Concerns around coronavirus and Brexit may cause a downside correction. Tuesday’s four-hour chart is showing that cable is entering overbought conditions. First impressions can sometimes be deceiving – and GBP/US potential move above 1.37 may also prove a selling opportunity. Apart from entering oversold…
EUR/USD has been recovering after a successful US bond auction lowered yields. Talk of Fed tapering, America’s vaccination advantage, and US stimulus set to boost the dollar. Wednesday’s four-hour chart is showing bears are in the lead. Has euro/dollar suffered another dead cat bounce or a correction? Any answer to that question leaves the trend…
EUR/USD has been extending its losses as the dollar lifted its head again. A US bond auction and Fed speakers hold the key to the next moves. Wednesday’s four-hour chart is pointing to further falls for the pair. The greenback comeback is alive and kicking – EUR/USD has already dropped some 60 pips from the…
EUR/USD has been able to stabilize as the US dollar takes a breather. A speech by the Fed’s Brainard, coronavirus statistics and politics are in play. Tuesday’s four-hour chart is pointing to further losses for the pair. “Never believe anything until it is officially denied” – this quote, attributed to Otto von Bismarck and others…
GBP/USD has been recovering amid Britain’s vaccine rollout, hopes the disease is peaking, and Bailey’s bullish comments. The greenback has room for a comeback that may turn cable back down. Tuesday’s four-hour chart is painting a mixed picture. Is Britain turning a corner against coronavirus? The initial signs are anecdotal and tentative, but a dose…