S&P 500, Nasdaq: The Bears are Back – USD Spikes, EUR/USD Slides
It’s been a busy 24 hours across global markets and the big driver remains on the horizon for next Wednesday with the FOMC.
It’s been a busy 24 hours across global markets and the big driver remains on the horizon for next Wednesday with the FOMC.
U.S. stocks plunge across the board at the start of the week on fears that the Fed will adopt a more aggressive tightening bias in light of recent developments on the inflation front.
USD/JPY may continue to appreciate as the Relative Strength Index (RSI) sits in overbought territory.
Stocks and Cryptocurrency donate gains as fears over a recission weigh on sentiment
The second half of the week is loaded with significant event risk.
EUR/USD sinks and reaches its lowest level in more than a month at the start of the week amid broad-based U.S. dollar strength sparked by soaring U.S. Treasury yields.
The US Dollar has gained traction as Treasury yields run higher with inflation concerns growing ahead of US CPI data. Will the USD (DXY) index keep ascending?
Risk-Off sentiment grips the market as the Fed interest rate decision looms.
The euro is in for a tough week as the Fed becomes increasingly more hawkish leaving EUR/USD skewed to the downside.
USD/JPY accelerated to over 135.00 but a sharp U-turn from BoJ Governor Kuroda describing recent sharp declines as “undesirable” for the economy, could stem losses