The night shift

25 November, 2016

A broad change of sentiment on USD and US assets occured during the night, around 2am, first with respect to futures contracts for S&P500 which managed to set a new record yesterday despite US holiday. Then, with a slight delay, Treasuries prices started to rise.

This was too much for the US dollar to handle and it started softening more less at that time. Now when Europe joins the trade the move has become much faster (we inversed the scale on EURUSD below to match USDJPY direction).

Market shifts following a day of limited market liquidity may seem like a natural phenomenon, especially that Thursday actually delivered many important news for the markets to digest - like reports on Bloomberg that ECB may stay silent on QE extension in December.


Source link  
The outsider on the Forex market

The Greenback has certainly taken all chances to become an outsider on the Forex market this week...

Chinese stocks are posting biggest gains

The Chinese stock market closed on a positive territory, posting the biggest gain since the end of November 2016...

NFP will leave a long-lasting impression

The Australian regulator is riven by contradictions. On the one hand, the economy requires lower rates...


Australian Dollar is waiting on the down-low

The Asian stock market began the week with an advance, in anticipation...

Euro under pressure

The European currency extended its fall after the ECB official, Yves Mersch, denied speculations about QE tapering, making it clear that the regulator is not yet going to change its dovish views...

Oil prices rise amid speculation on OPEC agreement

Oil prices are trading in positive territory on Tuesday, after the Iranian Oil Minister...


Another currency to climb the peak

The comments of the FED officials Erik Rosengren and Loretta Mester...

Pound trades look risky

The British Pound rose above the level of 1.24 after the Bank of England decision last week...

Go short!

When it comes to the EUR/USD pair, then we have a descending channel on the weekly chart...

  


Share: