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In this weekly technical note, we have been tracking the improving tone for the dollar prior to the FOMC meeting. We are mindful that interest rates and differentials are not supportive of the dollar. While many observers attribute the stronger dollar to the Federal Reserve, last ...
With the outcome of the FOMC meeting awaited, the dollar is narrowly mixed in quiet turnover. The Scandis are the weakest (~-0.3%) among the majors, while the Antipodeans are the strongest (~+0.25%). Equity markets are mixed, with the MSCI Asia Pacific Index succumbing to profit-t...
The new record high in the S&P 500 and the NASDAQ's sixth gain in seven sessions may have helped lift Asia Pacific markets today. The US dollar is narrowly mixed against the majors. Despite July WTI hovering around $71 a barrel, other commodities are weaker. After paring l...
The short squeeze that lifted the US dollar ahead of the weekend has seen limited follow-through buying, and instead a consolidative tone emerged. Tensions over Brexit were not resolved at the G7 meeting. Biden and Putin are to meet on Wednesday. Gold dropped $21 ahead of the ...
The US 10-year yield fell last week to its lowest level in three months, and the weekly decline was one of the largest in the past year. The dollar rose against nearly all the major currencies, helped by a bout of short-covering ahead of the weekend. After falling to sustain the m...
Emerging markets are still expected to lead the global economic recovery, with forecasted 2021 GDP growth of 6.7% vs. 6.4% for the United States. EM equities rose in May and outpaced developed market stocks. We believe that EMs will continue to show resilience with many countries ...
The Canadian dollar has appreciated by almost 3.4% since the Bank of Canada's April meeting. It is the strongest of the major currencies. China reported a smaller than expected rise in last month's consumer prices, but a larger rise in producer prices. Gold is unable to benefit fr...
The US reports the April trade balance and the JOLTS report on job openings. Despite the limited yield support, the dollar is steady to firmer, with sterling, New Zealand dollar, and yen nursing 0.20%-0.35% losses. Gold was sold after pushing above $1900, and July WTI, which teste...
The dollar is little changed against the major currencies. Gold is holding above $1900, while oil is firm, and July WTI is extending last week's 4.3% rally as it tries to solidify a foothold above $67 ahead of tomorrow's OPEC+ meeting. Japan has extended the formal emergency to Ju...
The recovery of the US 10-year yield is helping the US dollar firm. The Chinese yuan rose to new three-year highs today, and its 1.1% gain on the week is the most since last November. While the yen is bearing the burden on the week, with a 0.8% loss, the Antipodeans are leading th...
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2024-04-27 06:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-07 21:46:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-08 07:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...