Bundesbank: Inflation will remain exceptionally high in early 2022 5 (1)

German economy likely shrank in Q4 2021Manufacturing remained constrained by supply disruptions, consumption fell on renewed COVID-19 fearsInflation developments may take longer to improvePrice growth could remain „exceptionally high“ in early this year due to soaring energy prices, supply bottlenec

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Equities tumbling further on the session 0 (0)

Risk sentiment is not looking pretty as we start to transition to the handover from Europe to North America. Equities are tumbling further as the mood sours and we are seeing more notable moves across the market.European indices are closing in on 2% losses now while US futures have made a U-turn to

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NZD/USD falls to lowest since November 2020 0 (0)

Sellers are looking to break key support near the 0.6700 level, which helped to stem the initial decline back in December. The 38.2 retracement level @ 0.6702 adds to the support layer but both appear to be giving way now in a drop to 0.6690. Of course, the daily/weekly close is still one that will

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Dollar extends gains as risk sentiment begins to sour 0 (0)

Of note, AUD/USD is now down near 0.7% to 0.7135 as price closes in on the 7 January low of 0.7130. A push below that opens up the path towards some minor support at 0.7100 next before a potentially steeper drop towards 0.7000 again.

Elsewhere, USD/CAD is moving back up above 1.2600 as oil

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US futures turn negative on the day 0 (0)

S&P 500 futures -0.2%Nasdaq futures -0.3%Dow futures -0.1%That didn’t take long as the more risk averse mood from last week continues to play out. As mentioned earlier, the charts are looking awful for US equities at the moment and that in itself is a tough one to go against. The real fear now is th

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The bitcoin selling continues on the weekend as it falls through $35,000 5 (1)

There’s no respite for bitcoin today after it sank to the lowest levels since July a day ago.
It’s continued lower, falling $2091 to $34596, which is the lowest since July 26.
On Friday, El Salvador President Nayid Bukele tweeted that the country bought 410 bitcoin but that didn’t help. T

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US State Dept will evacuate families of embassy personnel in Ukraine as soon as Monday 0 (0)

No one knows if Russia is going to invade Ukraine but there are plenty of reasons to worry.
Starting Monday, the US State Dept will start evacuating family members of embassy personnel in Ukraine, according to reports.
On the diplomatic side, the US said it would respond in writing to a se

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That feeling of being ripped off 5 (1)

Blackrock is out with its latest macro perspectives note and it makes a compelling argument: Inflation is largely driven by supply shocks, not fiscal policy and raising rates isn’t the solution.
It’s been largely driven by manufacturing shortages and a shift in consumer spending into goods

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Forexlive Americas FX news wrap: Stocks get hammered & close near session lows for 3rd day 0 (0)

WTI crude oil futures settles at $85.14 to end the trading week
Not so fast with that breakout in Treasury yields
OPEC+ continues to struggle to meet its production quotas
Beijing reports 12 new covid infections
Baker Hughes oil rig count falls 1 to 491
Yellen: Inflation is

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Another bloodbath as the S&P 500 closes below the 200-DMA Worst week since March 2020 0 (0)

The 200-day moving average in the S&P 500 is not to be taken lightly. The last time we had a genuine break below was at the start of the pandemic and it was a free fall from there. Notably, a few minor incursions (pun intended) below have ultimately been buying opportunities.

On the day:S&P

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