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Indices close off the highs for the day The major indices closed higher on the day.  The S&P and Dow industrial average traded to new all-time intraday highs.   The S&P close just below record close levels  The NASDAQ close higher for the 7th day in 8 trading days.  The Dow and S&P snapped a two day
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Dollar’s decline continues and accelerates a little in early US session after weak economic data. Gold is also accelerating upwards, in tandem with the greenback’s movements. Yen is following as second worst for now, following recovery in European stocks and US futures. Commodity currencies and Sterling are currently the stronger ones for today. Technically, immediate
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AUD/USD bulls in charge despite woes n the horizon for AUD. Fed takeaways are balanced but central bank divergence is bearish for AUD/USD. AUD amongst commodity-fx underperformed, reflecting the concerns around the Sydney lockdown and the implications this will have for next week’s RBA meeting.  However, vs the greenback, it rallied all the way to
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The International Monetary Fund, or IMF, plans to “step up” its monitoring of digital currencies, according to a report by Reuters. This intent, as published in an IMF paper Thursday, details how the fund plans to “manage this far-reaching and complex transition” toward a digitized economy. “Rapid technological innovation is ushering in a new era of public and
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Daily thread to exchange ideas and to share your thoughts The dollar is keeping slightly softer to start the day, continuing the post-Fed move after Powell & co. steered clear of any serious taper talk once again. The meeting served as more of a placeholder for Jackson Hole and I reckon that and the weeks ahead will
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Dollar drops broadly overnight and stays weak, even though Fed acknowledged that progress has already been made in the economy. Uncertainty in the risk markets is keeping Aussie soft too. But Canadian Dollar is apparently rebounding with resilience in oil prices. Sterling is also strong with Swiss Franc while Euro under performs them. Focus will
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USD/JPY pares all the previous day’s gain on Thursday. More downside for the pair on the cards, if price breaches the Head & Shoulder formation neckline. Momentum Oscillators warn caution for any aggressive directional bets. USD/JPY remains under pressure in the European trading hours. The pair hinges near the daily support level of around 109.70.
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