The major US stock indices are closing mixed, but both the NASDAQ and the S&P index erased declines and are closing near the highs for the day. For the week, the major indices are all lower. The Dow closed lower and was down for the second straight dayNASDAQ closes higher despite higher yields with
Archiv für den Monat: Januar 2022
ForexLive Americas FX news wrap: Big miss on December US retail sales
US December retail sales -1.9% vs 0.0% expected
January prelim UMich consumer sentiment 68.8 vs 70.0 expected
ECB’s Lagarde: Monetary accommodation is still needed for inflation to settle at 2% over the medium term
Jamie Dimon: There could be six or seven rate hikes this year
Fe
January prelim UMich consumer sentiment 68.8 vs 70.0 expected
ECB’s Lagarde: Monetary accommodation is still needed for inflation to settle at 2% over the medium term
Jamie Dimon: There could be six or seven rate hikes this year
Fe
EURUSD bounces near 100 hour MA
EURUSD on the 4-hour chart
The EURUSD moved lower and lower today. In the process, the pair moved below what was a swing area going back to November. That area held earlier in the week.
Moving below, increased the bearish bias and kicked the price lower.
Looking at the 5 minute char
Rising yields no obstacle for the risk trade today
Treasury yields are at the highs of the day but that’s no obstacle for US stocks. The S&P 500 is nearly back to unchanged after falling by more than 40 points a few hours ago.
In FX, the dollar remains strong but is giving a bit back in the past hour. AUD/USD has tracekd up to 0.7213 from a low of 0
In FX, the dollar remains strong but is giving a bit back in the past hour. AUD/USD has tracekd up to 0.7213 from a low of 0
WTI crude oil closes in on the best levels of 2021
Lockdowns in China and thousands of flight cancellations have done nothing to dent buying demand in crude oil since late December. Now crude is threatening last year’s high of $85.41 per barrel.
It rose as high as $84.22 today and settled up $1.70 to $83.82. It’s been on a one-way run since hitting
It rose as high as $84.22 today and settled up $1.70 to $83.82. It’s been on a one-way run since hitting