Yellen Inspires US Dollar To Push Higher, Hit 13-Year High
The US Dollar traded broadly higher in overnight trade, rising alongside front-end US Treasury bond yields as Asian markets took their chance to price in yesterday’s comments from Fed Chair Janet Yellen. The central bank chief seemed to concur with investors’ thinking on the implications of a fiscal stimulus boost championed by President-elect Trump, saying such a move “could have […]
Black Friday: The Holiday Surge In U.S. Consumer Debt And Spending
Next week, Black Friday and Cyber Monday will kick off the start to the U.S. holiday shopping season, during which consumers are expected to spend a total of $655.8 billion this year. With the average bill coming in at $938.50 for holiday spending, where are people finding the extra cash? We looked back at the […]
Euro In Historic Slide As Dollar Surge, Bond Rout Continues
It has been more of the same this morning as the dollar extended its advance on the still undeteremined Trump reflationary policy measures after Yellen signaled an interest-rate hike could be imminent, while bond yields around the globe rose again, metals declined, European stocks advanced and futures were modestly in the red just shy of […]
US Business Cycle Risk Report – Nov. 18
Recession risk in the US remains low in the wake of several upbeat economic. Retail sales and residential housing construction in particular posted firmer numbers for October. Industrial output was flat last month, but the mildly negative annual trend continues to move closer to zero, driven by modest growth in the manufacturing sector. Meanwhile, the labor market still looks poised to […]
Volkswagen To Cut Up To 30,000 Jobs, Reducing Headcount By 5%, Bloomberg Says
Volkswagen has reached a deal to cut up to 30,000 jobs from its workforce, or nearly 5% of its headcount, Bloomberg reports, citing comments from VW brand Chief Herbert Diess at a press conference in Wolfsburg. The headcount reduction will come through attrition, and the automaker also agreed to refrain from forced layoffs until 2025. […]
USD/JPY And AUD/USD Forecast – Friday, Nov. 18
Video length: 00:01:19 USD/JPY The US dollar broke higher against the Japanese yen during most of the Thursday session, and it’s only quite remarkable: tested the 110 level after forming a shooting star the previous day. This is a very strong sign, and as a result I believe that we are going to break out […]
Revaluation Of The Dollar Continues
Since the US election, the dollar has been on a tear. Pullbacks have been brief and shallow. There are powerful trends in place. The euro has fallen nearly five percent over the past ten sessions, during which it is not closed higher once. The dollar rose four days this week against the yen and four […]
US Stock Market Momentum Positive Despite Yellen Testimony
ETF Market Commentary In prepared testimony before the JEC (Joint Economic Committee) of Congress, Fed Chair Yellen confirmed a bias towards tightening monetary policy at the central bank’s upcoming December meeting. She also indicated her intention to serve until the expiration of her term in 2018, thus giving more time to clearly assess the impact of any forthcoming fiscal […]
Focus On USD Versus Trend Lines And Fibonacci Levels
EUR/USD 4 hour The EUR/USD is in a downtrend after completing wave e (green) of wave 4 (blue). Price is still above the support levels (green) from the daily chart bottoms, which could act as potential bouncing spots. A break above resistance (red) trend line could start the wave 2 (green) correction whereas a break […]
China’s Market News: Yuan Implied Volatility Stable Despite Record Low Levels
This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China’s foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language sources. – The implied volatility for the USD/CNH remains stable despite of record-setting levels. – The electricity used by manufacturing companies increased at a faster […]
