Summary
There is a very common tendency among traders to ignore the long view when our attention is focused on day to day volatility. Currency markets in 2013 produced several notable trends . Emerging markets currencies rose and then fell hard, largely in response to perceptions about Federal Reserve policy. The Japanese Yen and Australian Dollar booked substantial declines as their governments changed monetary policies. Five years after the financial crisis, central banks remain the chief agents in the world economic system and the prime source of trends in the currency markets. The Fed has reduced its securities purchases by $10 billion. Will that reduction continue at each meeting? What will the mean for the dollar? How long can the euro withstand rising U.S. Interest rates? The euro\yen has benefited from the unusual circumstance of a strengthening dollar\yen and a strong euro, how long can that last? What role if any will the rising yuan and China's quickening approach to international status have in the currency markets? Join us at WorldWideMarkets, bring your questions comments and charts and welcome in the New Year in style.Latest Live Videos
Editors’ Picks
AUD/USD meets initial resistance around 0.7100
A decent rebound in the US Dollar is behind the AUD/USD’s daily pullback on Tuesday. In fact, the pair comes under modest downside pressure soon after hitting fresh yearly peaks in levels just shy of 0.7100 the figure on Monday. Moving forward, investors are expected to closely follow the release of Chinese inflation data on Wednesday.
EUR/USD looks offered below 1.1900
EUR/USD keeps its bearish tone unchanged ahead of the opening bell in Asia, returning to the sub-1.1900 region following a firmer tone in the US Dollar. Indeed, the pair reverses two consecutive daily gains amid steady caution ahead of Wednesday’s key US Nonfarm Payrolls release.
Gold the battle of wills continues with bulls not ready to give up
Gold remains on the defensive and approaches the key $5,000 region per troy ounce on Tuesday, giving back part of its recent two day. The precious metal’s pullback unfolds against a firmer tone in the US Dollar, declining US Treasury yields and steady caution ahead of upcoming key US data releases.
Bitcoin's downtrend caused by ETF redemptions and AI rotation: Wintermute
Bitcoin's (BTC) fall from grace since the October 10 leverage flush has been spearheaded by sustained ETF outflows and a rotation into the AI narrative, according to Wintermute.
Dollar drops and stocks rally: The week of reckoning for US economic data
Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.
Here is what you need to know for Wednesday, February 11:
United States (US) ADP reported that, on average, the private sector added 6.5K new jobs in the four weeks ending January 24, up from 5K in the previous week. Other than that, Retail Sales remained unchanged in December, below expectations for a 0.4% increase and below November’s 0.6% advance.