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The post-CPI selloff in Dollar and rally in US stocks faded last week, after Fed officials talked down the significance of just one data point. While the greenback still lacked momentum for sustainable recovery, selloff has at least slowed. The greenback ended the week mixed together with Euro. On the one hand New Zealand Dollar
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GBPUSD Weekly Forecast: Pound Sterling set to reclaim 200-DMA in the Thanksgiving week GBPUSD buyers remained unstoppable for the second straight week, despite a lack of bullish impetus from the highly-anticipated United Kingdom Autumn Budget. The Pound Sterling also stood resilient to the recent rebound in the US Dollar, as attention now turns toward the
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Crypto prices have recently become more bullish for many reasons. One reason for the rebound is due to governments all over the world planning additional rounds of extreme quantitative easing. It’s possible that the crypto markets have already bottomed and that the whole industry won’t be affected by the pessimistic macro outlook. Particularly concerning Bitcoin,
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Oil prices fell by over $1 a barrel on Tuesday as rising COVID-19 cases in China heightened fears of lower fuel consumption from the world’s top crude importer. Brent crude futures were down $1.08, or 1.16%, to $92.06 a barrel at 1435 GMT, while U.S. West Texas Intermediate crude fell $1.13, or 1.32%, to $84.74.
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Dollar selloff resumes today on the back of extended rally in the stock markets and decline in treasury yields. Selloff in particularly apparent against Euro and Sterling, and to a slightly lesser extent Aussie. Yen also manages to resumes recent rally against the greenback. But Swiss Franc is lagging behind, as dragged down by selloff
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