Page 44 - Christopher Vecchio News Today

The June FOMC meeting is under two weeks away, and it’s becoming evident that policymakers are beginning to lay the foundation for initial QE tapering efforts.

Crude oil prices have broken the downtrend dating back to the all-time high, buoyed by growth optimism and inflation concerns.

Silver prices are holding with their multi-month ascending triangle, remaining on track for a return to their yearly high at 30.1365.

Monthly Forex Seasonality - June 2021: Best Month of Year for AUD, CAD, & NZD Advertisement June FX Seasonality Overview: If “sell in May and go away” was nonsense, it’s because risk appetite has remained strong through the end of June. The US S&P 500 is in positive territory in June over the past 5-year and 10-year averages. The trio of commodity currencies are embarking on their best month of the year. Historically speaking, the Australian, Canadian, and New Zealand Dollars have had the...

British Pound Technical Analysis: GBP/AUD, GBP/CAD, GBP/NZD Rates Outlook Advertisement GBP/AUD rates, on the other hand, have recently been rejected from a multi-decade trendline. Longer-term Influences Take Shape in GBP-crosses With May in the rearview mirror, it’s a good time to take stock of the British Pound’s performance against some of the more volatile major currencies, which were plagued by – you guessed it – volatile if not weaker commodity prices over the course of the month....

Central Bank Watch: BOE & ECB Interest Rate Expectations Update Advertisement Central Bank Watch Overview: The BOE and the ECB are meeting later this month, but focus is on what they’ll do later this year and beyond. The BOE is further along the path of normalization, while the ECB is still toying with ideas about how it may further enhance its stimulus measures in context of rising inflation pressures. Inflation Making Central Bankers Uneasy In this edition of Central Bank Watch, we’ll cov...

Thanks to shifting fundamental forces – weaker commodity prices and a relatively less hawkish RBA – Aussie bears more control over price action across a number of AUD-crosses.

The Canadian Dollar has been on an absolute tear in 2021, thanks in part to rising energy prices. Yet gains have been harder to come by over the past week-plus.

The ongoing erosion of US real yields, thanks to rising inflation expectations and stagnant US Treasuries, has proved to be a negative influence on US Dollar.

Volumes across the Federal Reserve’s open markets desk suggest that excess liquidity is being drained from financial markets. Is this the start of the taper?