… And first rate hike in June 2022
Going also expects the Fed to start to tighten in June 2022.
Going also expects the Fed to start to tighten in June 2022.
Schlagwort-Archiv: Forex
AUDUSD moves toward swing lows from September/October 2020
Swing lows come in at 0.6991 to 0.7005
The AUD is the weakest currencies on the day, and the pair is pushing to a new 2021 low and moves toward the swing lows from October in September 2020. Those levels come in between 0.6991 and 0.7005. The low price just reached 0.7013. A move below that floor area would increase the bearish bias
The AUD is the weakest currencies on the day, and the pair is pushing to a new 2021 low and moves toward the swing lows from October in September 2020. Those levels come in between 0.6991 and 0.7005. The low price just reached 0.7013. A move below that floor area would increase the bearish bias
A look around the markets as traders react to sharply lower stocks
NASDAQ down over 2%. S&P down over 1%
BOE’s Saunders: Economic impact of omicron a key consideration for December meeting
Remarks by BOE policymaker, Michael Saunders
It sounded as if he’s taking a bit of a step back from his hawkish dissents in recent months but he is quick to clarify that any potential delays to tightening policy may be a misstep by the central bank in the bigger picture of things.
It sounded as if he’s taking a bit of a step back from his hawkish dissents in recent months but he is quick to clarify that any potential delays to tightening policy may be a misstep by the central bank in the bigger picture of things.
BioNTech CEO: I think we will need a new vaccine against COVID-19
BioNTech CEO, Ugur Sahin, remarks
Eurozone October retail sales +0.2% vs +0.2% m/m expected
Latest data released by Eurostat – 3 December 2021
Aussie and kiwi continue to dribble lower on the day
Dollar keeps steadier for the most part, risk remains tentative
AUD/USD is down 0.6% to 0.7049 now with NZD/USD also dragged lower by 0.6% to 0.6773 as both pairs are hitting fresh lows on the day.
AUD/USD is down 0.6% to 0.7049 now with NZD/USD also dragged lower by 0.6% to 0.6773 as both pairs are hitting fresh lows on the day.
UK November final services PMI 58.5 vs 58.6 prelim
Latest data released by Markit/CIPS – 3 December 2021
here
Of note, prices charged by service providers also increased at the
fastest rate since the survey began in July 1996. Markit notes that:
here
Of note, prices charged by service providers also increased at the
fastest rate since the survey began in July 1996. Markit notes that:
Oil holds light bounce awaiting OPEC+ meeting
WTI up a little over 2% around $67
It is tough to get too optimistic about oil prospects at the moment as omicron fears are still weighing quite heavily on the fundamental backdrop.
It is tough to get too optimistic about oil prospects at the moment as omicron fears are still weighing quite heavily on the fundamental backdrop.
Eurozone October unemployment rate 7.3% vs 7.3% expected
Latest data released by Destatis – 2 December 2021