Markets are looking pensive to start the day, with light changes overall. The early optimism in equities to start the new week was quickly dashed and that is keeping a more cautious undertone as we get into trading today. With a lack of key catalysts, we’re seeing a lack of conviction in general over the
The relentless underperformance of the Hungarian forint in recent days will put additional pressure on Hungary’s National Bank (MNB) when it holds its monetary policy meeting today. Economists at Commerzbank expect the HUF to weaken if MNB hikes by only 50 basis points (bps). Pressure on MNB “HUF weakness has triggered some revision of expectations
Get the  Technical Analysis  for FedEx Stock (FDX) in 2 minutes FDX is inside a potential bull flag. Bullish flag formations are effective continuation patterns in strong uptrends. The “pole” of the flag arises from a stock’s vertical increase; the “flag” is from consolidation (when the stock trades in a range, typically sideways to slightly
Price actions in forex markets are indecisive today. Dollar is trying to rise after better than expected durable goods orders. It’s also support by recovery in treasury yields. But there is no follow through buying. Canadian Dollar is still the relatively firmer one while Euro is also up slightly. Yen and Aussie are the weakest
Euro gains as European yields move higher. US dollar weakens as markets avoid a correction after last week’s rally. EUR/USD rises back above the 20-day SMA.   The EUR/USD rose further during the American session and climbed to 1.0614, reaching the highest level in two weeks. The euro pulled back under 1.0600. It is holding
Strategists at Goldman Sachs Group Inc provide their outlook on the high-yielding emerging-Asia currencies, citing that they are likely to remain under pressure, courtesy of worsening external finances and Fed tightening-led adverse market sentiment. Key quotes “Along with the broader emerging market currency complex, high-yielding currencies like the Philippine peso, Indian rupee and Indonesian rupiah have been