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An Inability to Hold Higher Prices Will Encourage a Probing Lower

An Inability to Hold Higher Prices Will Encourage a Probing Lower
moneyshow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyshow.com Daily Mail and Mail on Sunday newspapers.

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FX Traders Look Past Sell-off in Stocks | BK Asset Management

May 11, 2021
Daily FX Market Roundup 05.11.2021
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management
Stocks sold off sharply on Tuesday with the Dow Jones Industrial Average dropping more than 1% and the NASDAQ losing 2%. As this was the biggest one day decline since February, it should have coincided with big moves in currencies. There was some action around the NY open but by the end of the day, most of the major currency pairs stabilized and recovered prior losses. USD/JPY for example settled above 108.60 after trading as low as 108.34. EUR/USD settled around 1.2150 after trading down to 1.2123. The slide in stocks should have kept Yen crosses at the day’s lows and prevented any meaningful gains in euro. However none of these were big moves, there’s no panic in the market and no flight to safety in currencies. The rise at Treasury yields confirms the relative calmness in other markets. ....

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Key Events This Very Busy Week: CPI, Retail Sales And Q1 Earnings Start

by Tyler Durden
Monday, Apr 12, 2021 - 09:44 AM
Looking at the busy week ahead, the pandemic will remain in focus as the new case count is still moving higher at the global level even if the US now appears to have left covid behind. In the week ending last Friday April 9, the numbers recorded by John Hopkins University showed a 4.45m increase in cases globally, which compares with increases of 4.11m, 3.78m and 3.29m in the 3 weeks before that, so as Deutsche Bank notes, we ve seen an acceleration in the past month, although the rate of increase is still shy of the peaks in December and January. ....

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Key Events This Busy Week: Payrolls, PMIs And Barrage Of Fed Talking Heads

Key Events This Busy Week: Payrolls, PMIs And Barrage Of Fed Talking Heads
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Key Events In The Coming Action-Packed Week: Payrolls, PMIs, Politics And Tons Of Earnings

Key Events In The Coming Action-Packed Week: Payrolls, PMIs, Politics And Tons Of Earnings
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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