Relief Rally After Sell-Off?
Welcome to a new trading week. The demand for riskier assets is taking a hit amid a new surge in covid-19 cases and uncertainty concerning the new omicron strain. Investors fled into save havens as volatility spiked. Early reports from parts of Africa suggest that the strain could be more contagious than previous variants but […]
DAX Sells Off Amid Risk Aversion
The Thanksgiving week was dominated by a cautious mood and thus, a rally in safe havens amid concerns over a new coronavirus variant thwarting the recovery in the world’s economy. Additionally, thin liquidity around the U.S. holiday intensifies the risk-off sentiment. In short, those who followed the trend at the beginning of the week, profited. […]
Quiet Trading?
The U.S. dollar rally continued as the market has moved the timing of the first rate hike to June 2022, pricing in an earlier end to QE. The FOMC minutes were hawkish and thus confirmed the Fed’s openness to quicker stimulus reduction. Today is the U.S. Thanksgiving holiday and trading volumes might be thin. EUR/USD: […]
Further U.S. Dollar Strength Ahead?
The euro consolidated within a 50-pip-range against the U.S. dollar Tuesday and it seems as if the dollar is only taking a breather before we see the greenback resuming its rally and thus seeing more bearish momentum in the EUR/USD. As long as the pair remains trading below 1.13, the chances are in favor of […]
Relief Across The Market After Powell Pick
U.S. President Joe Biden decided to nominate Jerome Powell for a second term as Federal Reserve chair and thus, calmed the markets. So, what we got was the status-quo scenario and a stronger U.S. dollar as Biden’s pick bolstered expectations that interest rates will climb next year. Lael Brainard was elevated to vice chair, making […]
Thanksgiving-Woche mit Blick auf Trends
Es ist Thanksgiving-Feiertagswoche in den USA und obwohl dies saisonal eine Verminderung der Liquidität an den Märkten bedeutet, heißt es nicht gleichbedeutend, dass es in dieser Woche keinen Trend geben wird. Steigende Covid-Fälle und die Geldpolitik bleiben die treibenden Themen und der Markt wartet auf die Entscheidung von U.S. Präsident Biden über den nächsten Chef […]
