FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
ETX Capital information and reviews
ETX Capital
90%
FxPro information and reviews
FxPro
88%
OctaFX information and reviews
OctaFX
86%
EUR/USD
1.1876
GBP/USD
1.3894
USD/JPY
109.2158
USD/CHF
0.905
USD/CAD
1.2509
EUR/JPY
129.7035

Equities at record highs


15 June 2021

US Markets closed at record highs (USA500 4255) and Asian stocks followed but closed mixed after key markets returned after long weekend. Dollar holds on to gains (USDIndex 90.40). EURUSD (1.2125) and Cable (1.4115) little changed. JPY holds the break of 110.00. Yields off 3-mth lows and up to recover 1.50%. USOil rallied again to $71.35 before cooling under $71.00 and the Gold collapse spiked as low as $1845, back to $1865 now. Copper off -2% yesterday too. Overnight – AUD Housing inflation steeper than expected, Bailey talked digital currencies & US passed the grim 600k Covid deaths milestone. Strong UK Jobs data, Claims, Earnings and Unemployment all beat expectations. 

Week Ahead – All eyes on Wednesday’s (18:00 GMT) FOMC Announcement & Press Conference. Markets expecting more dovishness with “talk about talking about Tapering” not expected to happen until the July or even September meeting. BOJ & SNB also on the stump. Biden meets Putin Wednesday after NATO summit.

European Open – DAX and FTSE 100 futures are up 0.4% and 0.3% respectively, US futures are posting gains of around 0.1%, after another record on Wall Street yesterday. Investors seem to be putting inflation concerns aside for now although mutterings that there could be more lasting shifts in prices are getting louder. For now though the focus is on the FOMC announcement tomorrow. The U.K. pushed out the date for the full lifting of Covid restrictions to July 19.

Today – Empire State Manu. PPI, Retail Sales, Industrial Production, ECB’s Lane, Panetta, BoE’s Bailey, Government supply from the UK, Germany & US.

Biggest FX Mover @ (07:00 GMT) USDNZD (+0.26%) has bounced from a big down day on Friday, at 0.7115 and a floor yesterday at 0.7130, to move over 0.7150 and clear of the 20-hr MA. Next resistance 0.7180. Faster  MAs remain aligned higher,  RSI 58 and rising, MACD signal line and histogram rising and testing 0 line. H1 ATR 0.00072, Daily ATR 0.0060.

#source

Related

Newegg is overegging it again as shares fall 26% in a week after huge volatility

It is a widely held perception that stock traders need to 'shell' out often, must be calm enough not to be "egged" on by temptations, and should 'lay' off making rash decisions as they...

3 Aug 2021

The ultimate week ahead traders' playbook

It promises to be a big week for event risk and one where I'm personally hoping for the VIX index to reclaim the 20% threshold, with bond and FX volatility pushing...

2 Aug 2021

The US goes for the worst-case scenario for the dollar

Asian markets are losing again on Friday and are on track for their worst monthly decline since last March. However, we do note a marked improvement...

30 Jul 2021

Equities gained on the back of a dovish FED

Narrow ranges prevailed across asset classes yesterday and there wasn't too much of a reaction to yesterday's Fed announcement. The Fed provided some buying...

29 Jul 2021

The Fed has cemented the dollar's fall

The Fed did not give any clear signals about the start of the stimulus rollback at the end of its regular meeting, indicating only the existence of discussion about it...

29 Jul 2021

UK economy upgraded by the IMF as rapid growth predicted

It's a remarkable feat of recession-defying odyssey that the financial markets seem to display right now. Britain, which is in the midst of what is being touted as the worst...

28 Jul 2021


Editors' Picks

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.