Page 49 - Christopher Vecchio News Today

US Dollar Forecast: Sinking Despite Rising Inflation - Levels for DXY Index, USD/JPY Advertisement US Dollar Outlook: The US Dollar (via the DXY Index) continues to trade lower after losing the uptrend from the February and March swing lows. Higher inflation typically feeds into higher interest rates amid the expectation for central bank tightening. But amid an otherwise resolute Federal Reserve intent on keeping rates low through the end of the pandemic, the US Treasury yie...

USD/NOK Remains in Bear Flag; USD/CHF, USD/SEK Break Recent Uptrends Advertisement US Dollar Outlook: April is the worst month of the year for the US Dollar (via the DXY Index) from a seasonal perspective, leaving it susceptible to weakness over the next few weeks. USD/CHF rates have been following US Treasury yields (similar to USD/JPY), but USD/NOK and USD/SEK are acting like more risk-on/risk-off pairs. Non-Major USD-crosses Look Bearish You’ve heard it a lot in recent ...

Central Bank Watch: Fed Speeches, Interest Rate Expectations Update Advertisement Central Bank Watch Overview: April is just over one week old, but Fed policymakers have been active in the intermeeting period – and are likely to remain so in the run-up to the April 28 FOMC meeting. Fed officials have been carefully towing the line as to not spook markets that tapering is coming anytime soon. Fed fund futures see greater than a 90% chance that rates markets will be on hold ...

Central Bank Watch: BOC, RBA, & RBNZ Interest Rate Expectations Update Advertisement Central Bank Watch Overview: As the rise in global bond yields has steadied in recent weeks, nascent rate hike expectations have cooled off at each of the commodity currency central banks. The drop in rate hike expectations is in line with otherwise clear guidance that BOC, RBA, and RBNZ main rates will remain on hold for the foreseeable future. Retail trader positioningsuggests that the nea...

Canadian Dollar Forecast: Loonie Maintains Bullish Flight Path - Setups in CAD/JPY, USD/CAD Advertisement Canadian Dollar Outlook: The Canadian Dollar has had a rocky start to the week, with all of the gains on Monday wiped out by the end of trading on Tuesday. But resolutions in favor of more CAD strength are still sought after in CAD/JPY and USD/CAD rates as consolidations remain in place. According to the IG Client Sentiment Index, USD/CAD rates have a near-term bullish b...

Euro Forecast: Why the Strong Start to April May Continue for EUR/GBP, EUR/JPY, EUR/USD Advertisement Euro Forecast Overview: As global bond yields have steadied following their spike starting in late-February and continuing into late-March, German Bund yields have declined by less than their UK Gilt or US Treasury counterparts, giving the Euro a slight yield advantage in the near-term. EUR/JPY remains on the most convincing bullish path, EUR/USD remains within the downtrend...

Mexican Peso Forecast: MXN/JPY Breakout, USD/MXN Breakdown in Focus Advertisement Mexican Peso Outlook: Stability in long-end global bond yields has given room for risk appetite to return to markets, including in the emerging markets currency space. MXN/JPY has traded to its yearly high and are now challenging a multi-year downtrend, while USD/MXN has dropped through its intrayearly uptrend, and a potential head and shoulders pattern may be guiding price action lower. We can...

Silver Price Forecast: Rebound Tests Downtrend from Yearly High - Levels for XAG/USD Advertisement Silver Price Outlook: Bond yields have steadied, stocks are climbing, and the US Dollar is down – has a window opened for silver prices to rally? Silver prices appear to be attempting to climb out of the downtrend from the February and March highs, which could give a near-term technical reason to throw doubt on the viability of the double top. Recent changes in sentiment sugg...

US Stocks Hold Gains as Yellens Global Minimum Tax Gains Support from EU, IMF of clients are net short. Long News of clients are net short. Long News of clients are net short. Long ...

FX Week Ahead - Top 5 Events: RBA Rate Decision; FOMC Minutes; Mexico Inflation; China Inflation; Canada Jobs Advertisement FX Week Ahead Overview: The economic calendar has turned to a new month and quarter, but the holiday weekend has thinned out what would otherwise be a supersaturated economic calendar. After an intense US-focus last week, traders may want to take a more global perspective in the coming days. Overall, recent changes in retail trader positioning suggest t...