CM Globals, a leading financial services firm, announced recently that it has raised its targets for the upcoming quarter.
CM Globals, a leading financial services firm, announced today that it is committed to supporting small investors by offering the lowest spreads and commissions in the market.
The euro is trading lower against the dollar again after a brief rebound late last month. But was the rebound brief or is there more to come?
EURUSD is pulling back
The shared currency advances against the greenback, up some 0.10%. The US Dollar Index, which measures the buck’s performance against six rivals, is flat at 96.16. EUR/USD: Mild bearish, but it needs a break below the 50-SMA to resume the downward move.
XAU/USD recovered as the New York session winds down, up 0.85%. The US 10-year Treasury yield plunged, down almost ten basis points, finishing the week at 1.358%. XAU/USD: A break above $1,792 could propel gold towards $1,800 and beyond. Fed’s Bullard commented on the need of the Fed for a faster taper, considering the 4.2% unemployment rate “as a good case to remove Fed support.”
Gold advances firmly, as US-10 year T-bond yields drop ten basis points, down to 1.43%. Risk-off market sentiment boosted the prospects of the XAU/USD, as the COVID-19 omicron variant threatens to derail the economic growth. XAU/USD Technical outlook: A break above $1,807 would expose $1,815, followed by $1,834.
USDJPY currency pair rising strongly today
It's going to be a big week for the US Dollar and likely US equities as the Jackson Hole Economic Symposium kicks off on Wednesday.
After a burst of excitement FX markets have begun to digest, but will sellers be able to provoke a bigger push in the US Dollar?
It's been a busy backdrop since yesterday's FOMC rate decision, with risk assets flying-higher as the US Dollar has taken a dive.
The US dollar basket (DXY) remains near important long-term support as the monthly US Labour Report (NFP) heaves into view.
The US Dollar put in a dip followed by a rip around yesterday's FOMC rate decision, and the big question at this point is whether US stocks may be near a turn.
Markets are on high alert for a potential flash crash to prompt a surge in volatility with Japanese markets closed for the longest period since World War 11.
The US Dollar may rise despite a defensive turn in official Fed policy guidance as worries about slowing global growth stoke risk aversion and boost haven demand.
With US GDP data released, domestic equity markets will look to the next big indicators on the calendar to guide price action into the weekend.