The recent rally in USD/JPY raises the scope for a break of the yearly opening range as it extends the series of higher highs and lows from the monthly low (114.15).
Nasdaq100 plunges in freefall as mounting price pressures in the U.S. economy fuel bets that the Fed will be aggressive in withdrawing pandemic-era stimulus to quell inflation.
The price of gold may continue to retrace the decline from the November high ($1877) if it manages to clear the opening range for 2022.
USD/MXN was unchanged as the Bank of Mexico elected to raise the country’s benchmark interest rate by 0.50%.
Mixed signals are coming from BOE and ECB policymakers in recent days.
Stocks were rocked in January as the world started to gear up for higher rates out of the Fed. But equities have since stepped back from the ledge – are sellers done yet or were bears just taking a…
The US dollar reacted positively to the January inflation report with both core and headline numbers beating estimates.
The Ethereum/Bitcoin spread is currently breaking higher but it needs to be confirmed to add credibility to the move.
AUD/JPY has witnessed a strong few days as Aus shorter-term yields and general risk assets rise despite continued geo-political tensions
EUR/GBP is drifting lower in thin turnover as ECB board members try and pare rate hike expectations.
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