Nothing changes for gold, stocks as yields resume higher
September 22, 2022 03:07 PM
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The pound is sent into the ground during thin Asian trade
The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.
Week Ahead: Central Bank fallout, more pain for the Pound, and inflation data
Will this week be a volatile and chaotic as last week? Will markets continue with last week’s trend, or will there be profit taking along the way?
GBP/USD freefall: Where will it stop?
The 1985 low in the 1.0500 area could beckon in due time, but given the deeply oversold reading on the 14-day RSI, we would expect a short-covering bounce before then...
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The pound is sent into the ground during thin Asian trade
Today 02:36 AM
Week Ahead: Central Bank fallout, more pain for the Pound, and inflation data
September 23, 2022 09:17 PM
Gold falls below $1650 as US Dollar soars
September 23, 2022 03:25 PM
US open: Recession fears send stocks tumbling lower
September 23, 2022 12:49 PM
Forex Friday: USD, GBP, TRY, CHF and JPY
September 23, 2022 11:53 AM
Gold falls below $1650 as US Dollar soars
Recession fears are causing both GBP/USD and EUR/USD to move lower. As a result, the US Dollar is moving higher. This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020.
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US open: Recession fears send stocks tumbling lower
US stocks are dropping sharply and are set for steep weekly losses after the Fed rate hike raised fears of a recession.
Forex Friday: USD, GBP, TRY, CHF and JPY
In this week’s edition, we discuss the dollar’s latest big gains following this week’s central bank meetings, among other things.
SNB hikes 75bps, but Franc’s not satisfied
The SNB hiked rates by 75bps today. However, the inconspicuous comments by the central bank left EUR/CHF weary as to if there are more to come.
Bank of England hikes rates by 50bps; More to come?
Despite a rate hike by the BOE of 50bps, GBP/USD is near 37-year lows. Why? Because the Fed hiked rates by 75bps yesterday and said that more rate hikes are on the way.
Nothing changes for gold, stocks as yields resume higher
Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.
USD/JPY dives but is government intervention effective?
Is the BoJ undoing the government’s attempt to shore up the yen?
FOMC as expected; markets extremely volatile during presser.
As for other central bank meetings: within the next 20 hours markets will hear from the BOJ, SNB, Norges Bank, BOE, and SARB.
FOMC meeting instant reaction: Not even a whisper of a pivot yet
Even looking out just until the end of this year, Fed members are projecting another 125bps of rate hikes...
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Commitment of traders report (COT): Traders flipped to net-long #euro ahead of last week's #FOMC meeting. Oops. https://t.co/A7n7KJMa1O https://t.co/ad2wsRdj3w
6:00 AM − 26 Sep 2022
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