Forex News

All the lower-level US reports scheduled for today have me looking at the US Dollar Index! Do you think green money will continue to fall compared to its major peers? Before we move on, ICYMI, yesterday’s watchlist, reviews CAD/JPY for recovery options ahead of CPI launch in Canada. Don’t forget …

A new trading week means we get another opportunity to trade major currency pairs like EUR/USD! Will the Euro extend its losses against the Dollar in the next trading session? Before we continue, ICYMI, I have listed the potential economic catalysts to look out for this week. Try it before …

Volatility has calmed down Tezos (XTZ) But traders are still hugging in a key area of ​​support. Eventually, will the bears be able to break out to the downside, complete a classic bearish technical pattern, and attract more bears?   XTZ/USD: Daily Tezos (XTZ) is the utility token for the …

A solid range formation continues to hold on Cosmos (ATOM)! Will there be another near-term range reversal from resistance ahead or should traders watch for an upper range break?   ATOM/USD: 4 hours Cosmos (ATOM) has been an outlier so far in 2022 as one of the top tier crypto …

The yen rained pips earlier today. Can a short-term rebound keep USD/JPY from breaking a support level? Before we continue, yesterday’s watchlist from ICYMI looked at key GBP/AUD support level after Australia released its December jobs report. Be sure to check if it’s still a valid trade! And now for …

Mixed price action for financial markets this week but the overall theme seems to be one of ‘risk aversion’ as safe haven currencies have consistently outperformed the risk-taking majors. As usual in this environment, the Japanese Yen and Swiss Franc took the top spot versus the rest of the FX …

Blackrock has come out with his latest note on macro perspectives and makes a compelling argument: inflation is largely being driven by supply shocks, not fiscal policy, and raising interest rates is not the solution. This was largely caused by manufacturing shortages and a shift in consumer spending towards goods …

The world’s leading streaming services and production company NETFLIX (#Netflix) with a market cap of $239.57 billion, is expected to report its fourth quarter 2021 financial results and business outlook Thursday, January 20, 2022 after market close. The report is prepared for the fiscal quarter ended December 2021. In the …

Equity markets fell (Nasdaq -2.6% while VIX rose +5.22%). Financial and pharmaceutical companies led the slide, U.S. dollar more firmly supported by high Income – the main market driver. US 10-year bonds 1.85%, German 10-year highs to May 2019 as UK and German inflation hit 30-year highs. oil higher again, …

USDCAD Canada’s CPI got on 4.8% Pace in December from the growth rate of 4.7% in November. CPI fell 0.1% after gaining 0.2% in November. The average of the three core CPI measures of the BoC was 2.9% in December compared to 2.8% in November. Key annualized trimmed CPI reading …