National Securities Art Hogan warns of more near-term turbulence due to inflation fears and stretched valuations.
Archiv für den Monat: Mai 2021
Robinhood nears its biggest trade of all, an IPO, after wild year
Robinhood turned the brokerage industry on its head by offering zero-fee commissions and is expected to soon go public in a big deal, not without controversy.
Markets are so fixated on inflation they might miss the next big blowup, says BlackRock
BlackRock’s proprietary Geopolitical Risk Indicator has fallen to a four-year low as markets focus more on inflation and the economic recovery than geopolitics.
US Dollar Forecast: Yields, Inflation, Fed Taper Debate Are Key
US Dollar selling pressure prevailed and steered the DXY Index -0.3% lower last week in spite of Fed taper talks growing more heated. Eyes on inflation and yields to gauge where USD heads next.
ForexLive European FX news wrap: Dollar lower, equities buoyed
Forex news from the European trading session – 25 May 2021
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.4%
Headlines:
Markets:
– NZD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.4%
Bitcoin struggles to gather momentum to move back above $40,000, sits lower on the day
Not much of a technical reprieve for Bitcoin so far
While the declines aren’t extending lower this week, upside momentum has also been rather lacking in Bitcoin – at least in any way that matters from a technical perspective.
While the declines aren’t extending lower this week, upside momentum has also been rather lacking in Bitcoin – at least in any way that matters from a technical perspective.
Dollar keeps lower so far on the session
EUR/USD hovers at its highest levels since January
There was a bout of dollar weakness as European traders entered earlier, helped by the fact that USD/CNH fell below the 6.40 level to its lowest since 2018.
There was a bout of dollar weakness as European traders entered earlier, helped by the fact that USD/CNH fell below the 6.40 level to its lowest since 2018.
UK CBI May retailing reported sales 18 vs 25 expected
Latest data released by UK CBI – 25 May 2021
A bit of a miss on the headline reading and that suggests some slowing in retail sales after the flurry of demand seen in April after lockdown measures were lifted. CBI notes that:
A bit of a miss on the headline reading and that suggests some slowing in retail sales after the flurry of demand seen in April after lockdown measures were lifted. CBI notes that:
Ifo economist: Economic upswing is gathering pace
Remarks by Ifo economist, Klaus Wolhrabe
Ifo report
Besides that, the message is one of optimism towards the outlook in 2H 2021 with many anticipating a summer reopening and travel across the region.
Ifo report
Besides that, the message is one of optimism towards the outlook in 2H 2021 with many anticipating a summer reopening and travel across the region.