The Euro is fighting a stronger USD environment with a lift in US Treasury yields impacting markets, including tech companies. Will EUR/USD break the range?
U.S. stocks were mixed on Thursday, ending the day slightly lower on investor caution over expectations that the Federal Reserve will embark on an aggressive tightening cycle.
USD/JPY may face a larger pullback ahead of the US Non-Farm Payrolls (NFP) report as the Relative Strength Index (RSI) slips below 70 to indicate a textbook sell signal.
AUD/USD gained alongside the cyclically-sensitive Dow Jones overnight, but the currency pair faces technical obstacles if prices are to rise further. The RBA’s latest chart pack is set to cross the…
US ISM misses expectations, prices paid remains elevated
Markets lie in wait as tomorrow’s NFP data could give EUR/USD traders insights into directional bias. The Euro remains flat today while ISM services data could move markets later today.
Gold’s recent bounce above $1,830/oz. may prove to be a near-term high after hawkish FOMC minutes Wednesday jammed US bond yields higher.
Bitcoin and Ethereum led a crypto sell-off in response to the ‘hawkish’ Fed’s new found urgency to reign in stimulus and hike rates in response to stubborn inflation.
Quicker Return to QT Provides Markets With Painful Reminder of 2018
The Euro is struggling against a resurgent US dollar and is back below 1.1300 with a break lower looking like the path of least resistance.
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