The e-commerce company crushed Wall Street’s estimates for the fourth quarter and provided upbeat guidance for the current quarter.
Archiv für den Monat: Februar 2021
Canadian Dollar Forecast: USD/CAD Price Hangs on Reflationary Market Sentiment
The reflation trade is helping to push the oil-linked Canadian Dollar higher as the post-Covid economic outlook clears. The Loonie is reliant on the global economy’s recovery.
AUD/USD Rate Pullback to Adhere to RBA Interest Rate Decision
The Reserve Bank of Australia (RBA) rate decision may spark a bullish reaction in AUD/USD as the central bank is expected to retain the current course for monetary policy.
ForexLive Americas FX news wrap: Australian dollar crushed
Forex news for North American trading on February 26, 2021:
Markets:
The reverberations from yesterday’s bond implosion left broader markets in a delicate state. Even as yields turned much lower, FX risk trades couldn’t get a footing. How much of that was month-end and how much was jitters was open to debate.
Markets:
The reverberations from yesterday’s bond implosion left broader markets in a delicate state. Even as yields turned much lower, FX risk trades couldn’t get a footing. How much of that was month-end and how much was jitters was open to debate.
Late selling sends US equities into the red despite bond market reversal
Closing changes for the main North American indexes
Yields finished near the lows of the day and about 20 minutes before the close that looked like it was going to spill into equities as they quickly jumped but right at the end of the day there was some hard selling
Yields finished near the lows of the day and about 20 minutes before the close that looked like it was going to spill into equities as they quickly jumped but right at the end of the day there was some hard selling
CFTC Commitments of Traders: Pound gets a bit of love
Weekly forex futures positioning data for the CFTC for the week ending Tuesday, February 23, 2021:
The break higher in sterling finally resonated with speculators as they waded in. It will be interesting to see if it inches above last year’s high in the week-ahead report or if specs were rattled by the volatility this week.
The break higher in sterling finally resonated with speculators as they waded in. It will be interesting to see if it inches above last year’s high in the week-ahead report or if specs were rattled by the volatility this week.
Bond yields fall to the lows of the day
That’s a good sign
US 10-year yields are down 8 bps to 1.43% and 30s are down 11 bps to 2.17%. Both are at or just above the lows of the day.
The question is whether that’s month-end rebalancing flows or if it’s a sign that the bond rout is exhausted.
US 10-year yields are down 8 bps to 1.43% and 30s are down 11 bps to 2.17%. Both are at or just above the lows of the day.
The question is whether that’s month-end rebalancing flows or if it’s a sign that the bond rout is exhausted.
The US dollar was the top performer this week and AUD lagged
The dollar had a big week
King Dollar reigned this week but it was essentially a one-day move with today’s dollar rally accounting for nearly all of the weekly gain.
King Dollar reigned this week but it was essentially a one-day move with today’s dollar rally accounting for nearly all of the weekly gain.