Notable Residents – Ardud http://ardud.ro/ Sun, 09 Jan 2022 19:22:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ardud.ro/wp-content/uploads/2021/05/default1-150x150.png Notable Residents – Ardud http://ardud.ro/ 32 32 Decentraland’s MANA / USD remains stable at a key level. Is it time to buy? https://ardud.ro/decentralands-mana-usd-remains-stable-at-a-key-level-is-it-time-to-buy/ Sun, 09 Jan 2022 15:03:24 +0000 https://ardud.ro/decentralands-mana-usd-remains-stable-at-a-key-level-is-it-time-to-buy/ Cryptocurrencies did not start 2022 on a solid footing. The main cryptocurrency, Bitcoin, was below $ 42,000 at the time of writing, while Ethereum was trading slightly above $ 3,200. Other cryptos are showing signs of bearishness, and it comes after the US Federal Reserve announced it would raise interest rates earlier than expected. Nevertheless, […]]]>

Cryptocurrencies did not start 2022 on a solid footing. The main cryptocurrency, Bitcoin, was below $ 42,000 at the time of writing, while Ethereum was trading slightly above $ 3,200. Other cryptos are showing signs of bearishness, and it comes after the US Federal Reserve announced it would raise interest rates earlier than expected.

Nevertheless, Decentraland the native token, MANA / USD, is showing strength amid the bearish sentiment. Even when other cryptocurrencies plunged, MANA / USD held steady at a key level of around $ 3.0. At the time of writing, MANA / USD was trading at $ 3.16, slightly above the support area. It should be noted that the Metaverse token had held above this key level since mid-November, when most tokens experienced weakness. This is also a gain of over 11% in just seven days.

Decentraland has a busy vacation

It’s easy to see why Decentraland’s MANA has retained its strength, despite weaknesses in the crypto industry in recent days. Despite much calm in the industry, Metaverse tokens have had a busy season. Decentraland has hosted many events during the holiday season, including virtual snowball fights, which continue to show off the platform’s relevance in the burgeoning metaverse space.

On January 6, the token received another boost, after Samsung announcement the launch of its first flagship store in Decentraland. The announcement caused the MANA / USD price to spike more than 10% on the same day.

Technical analysis – MANA / USD Form a double bottom

Looking at the daily chart, MANA / USD is testing the support at $ 3.0 again, resulting in a double dip, after retesting it in mid-December. The 14-day moving average (red) and the 9-day moving average (blue) are both at the current price, offering no support or resistance. MANA / USD is currently in consolidation mode on the daily chart. It also filled a wick on a bullish price signal that formed in early December, but the token has yet to close below. With a stable price at $ 3.0, MANA / USD is targeting a potential uptrend, boosted by ongoing developments on Decentraland.

MANA / USD Weekly Chart – Bullish Pinbar Formation at $ 3.0

Decentraland's MANA / USD remains stable at a key level.  Is it time to buy?

A glance at the weekly chart gives a broader view of why MANA / USD could turn bullish in the coming days. A long bullish pinbar can be seen above the $ 3.0 support. The pin bar has yet to be fully formed, and monitoring its closure could offer clues to a potential rise in the coming days. The 20 moving averages also offer support, giving further clue that MANA / USD may rise.

MANA / USD – Final thoughts

MANA / USD presents a buying opportunity at the current level. However, the current consolidation could continue over the next few days, given the weak sentiment across the cryptocurrency industry. It could also allow the lower period moving averages to join the support and push the price up. On top of that, I would also be watching the close of the bullish candlestick on the weekly chart. A price close above $ 3.0, resulting in a bullish pinbar, is likely to push the price up. I would also monitor the overall crypto sentiment as this could give MANA / USD some momentum as per the bullish prediction. Good luck!



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End of News Forexlive Americas FX: Salary Surprise Pushes 10-Year Yields Above May High https://ardud.ro/end-of-news-forexlive-americas-fx-salary-surprise-pushes-10-year-yields-above-may-high/ Fri, 07 Jan 2022 21:12:00 +0000 https://ardud.ro/end-of-news-forexlive-americas-fx-salary-surprise-pushes-10-year-yields-above-may-high/ Markets: Gold up to $ 5 to $ 1,794 Bitcoin down $ 1,172 to $ 41,949 US 10-year yield up 3 basis points to 1.767%, its highest since 2019 S&P 500 down 10 points to 4,686 CAD advances, USD delays (I didn’t write that often last year) There might be a story to tell in […]]]>

Markets:

  • Gold up to $ 5 to $ 1,794
  • Bitcoin down $ 1,172 to $ 41,949
  • US 10-year yield up 3 basis points to 1.767%, its highest since 2019
  • S&P 500 down 10 points to 4,686
  • CAD advances, USD delays (I didn’t write that often last year)

There might be a story to tell in Friday’s trading if you like: US job gains were small, and so was the US dollar.

Unfortunately, this is not how it worked. While the US job title was weak, the unemployment rate fell to 3.9% from 4.2 and – more importantly – wage growth surprised on the upside.

The clear reading on this was in the bond market, where rates ended up 1 to 4 basis points in a steepening. Previously, they had been even higher with 10-year yields after breaking last year’s high of 1.777%.

The short-term rate market also pushed the odds of a March hike to 90% from 80% on previous data and we are now estimating almost 4 hikes this year.

Stocks flirted with fears of a rate hike, and the Nasdaq fell 1.6% at one point. He then halved that drop, but the sluggishness of pandemic names continued.

The forex market did not do what you would expect with price action elsewhere. Normally you would see the dollar rise against commodity currencies in a risk situation like today. Or if it climbs against the yen if it was at positive risk. Instead, he fell against everything shortly after the jobs report.

EUR / USD flows were probably the culprit and what could be behind this were German Bund yields close to 0%. This is bringing funds back to Europe and will be a critical level to watch next week.

The losses in USD were generally similar. Cable continued its march, rising to 1.3596 before bids on that number put the brakes on the rally. On Wednesday 1.3599 capped gains so this will be a place to watch early next week.

The USD / CAD was an interesting trade as the Canadian jobs report beat consensus again. In Canada alone, wage growth has been slower. Oil also reversed in US trade, falling more than $ 1 from the peak. Again, you might expect Loonies to sell at the end of the day, but it was the opposite, as the sell off of the USD held the pair near the 1.2633 low. There is a head and shoulders top formed in USD / CAD with the neckline just below.

Crypto was also in the spotlight as bitcoin briefly fell to $ 41,000 during the December 4 peak. That put it at the worst levels since September with a 2.7% drop. Ethereum did much worse, falling 6.2%.

FX news wraps the January 7 ticker


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S&P 500 crashes as FOMC meeting minutes hint at earlier, faster rate hikes https://ardud.ro/sp-500-crashes-as-fomc-meeting-minutes-hint-at-earlier-faster-rate-hikes/ Wed, 05 Jan 2022 23:00:00 +0000 https://ardud.ro/sp-500-crashes-as-fomc-meeting-minutes-hint-at-earlier-faster-rate-hikes/ S&P 500, Federal Reserve, FOMC, Treasury Yields – Talking Points S&P 500 drops nearly 2% as Fed suggests faster tightening The 10-year US Treasury soars to 1.71%, its highest level since April Relatively mixed US dollar, Bitcoin and gold tumble with major indices The S&P 500 fell sharply on Wednesday as market participants digested the […]]]>

S&P 500, Federal Reserve, FOMC, Treasury Yields – Talking Points

  • S&P 500 drops nearly 2% as Fed suggests faster tightening
  • The 10-year US Treasury soars to 1.71%, its highest level since April
  • Relatively mixed US dollar, Bitcoin and gold tumble with major indices

The S&P 500 fell sharply on Wednesday as market participants digested the latest FOMC meeting minutes, which hinted that a stricter policy may be closer than expected. The hawkish publication sparked a major rout among risk assets, with the tech-rich Nasdaq 100 index falling more than 3%. The 10-year Treasury yield jumped to 1.71%, its highest level since April. Both gold and silver fell, under pressure from rising Treasury yields. Bitcoin was also a victim of the rout, carving out a key support level at $ 45,666.

After the December FOMC meeting, markets opted for a more hawkish Fed in 2022 and beyond. Wednesday’s release of meeting minutes highlights ‘Fed put’ should be reassessed down, as committee discussed faster rate hikes and more aggressive-than-cycle balance sheet normalization previous.

The FOMC minutes also discussed the Omicron variant, but recent US economic data suggests the recovery remains resilient in the face of increasing cases. Private sector employment data for December showed the biggest increase in 7 months, underscoring the growing strength of the domestic labor market.

1 hour chart of S&P 500 Futures (ES)

Chart created with TradingView

Following the release of the minutes of the FOMC meeting, futures traders quickly factored in an 80% chance of a first Fed rate hike in March. Perhaps the most notable part of the FOMC statement was this:

“Participants generally noted that, given their individual outlook for the economy, the labor market, and inflation, it may become warranted to raise the federal funds rate earlier or at a faster rate than the participants had not planned it before.

Open recognition of a more aggressive tightening could set the stage for further short-term concerns for equity markets. Continued pressure from higher rates could lead to weakness in sparkling names, as well as large mega-capitalization tech companies that have propelled markets higher over the past 18 months. While it may take some time for the market to revise the road price in 2022, market participants should be wary of the Federal Reserve’s intention to withdraw liquidity from the markets.

Resources for Forex Traders

Whether you are a beginner or an experienced trader, we have several resources available to help you; tracking indicator sentiment of the trader, quarterly business forecast, analytical and educational webinars held daily, trade guides to help you improve trading performance, and one specifically for those who are new to forex.

— Written by Brendan Fagan, intern

Contact Brendan, use the comments section below or @BrendanFaganFX on Twitter

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Dollar falls, but hits one-month high against the yen following bet rate hike by Investing.com https://ardud.ro/dollar-falls-but-hits-one-month-high-against-the-yen-following-bet-rate-hike-by-investing-com/ Tue, 04 Jan 2022 02:04:00 +0000 https://ardud.ro/dollar-falls-but-hits-one-month-high-against-the-yen-following-bet-rate-hike-by-investing-com/ © Reuters. By Gina Lee Investing.com – The dollar was lower Tuesday morning in Asia but climbed to its highest level in more than a month against the Japanese yen. A surge in US Treasury yields overnight as investors bet on an anticipated US Federal Reserve interest rate hike also gave the US dollar a […]]]>

© Reuters.

By Gina Lee

Investing.com – The dollar was lower Tuesday morning in Asia but climbed to its highest level in more than a month against the Japanese yen. A surge in US Treasury yields overnight as investors bet on an anticipated US Federal Reserve interest rate hike also gave the US dollar a little boost.

The price that tracks the greenback against a basket of other currencies edged down 0.04% to 96.180 by 8:52 p.m. ET (1:52 GMT).

The pair advanced 0.09% to 115.43.

The pair edged up 0.13% to 0.7200, with the Australian dollar close to the nearly two-week low of $ 0.7184 reached in the previous session. The pair advanced 0.07% to 0.6789.

The pair was up 0.32% to 6.3727. released earlier today showed the for December was a better-than-expected 50.9.

The pair rose 0.07% to 1.3481. The pound has held steady since Monday, when it fell to $ 1.3431 for the first time since November 29.

The Japanese, Chinese and Australian markets all reopened after a holiday.

The dollar hit 115.395 yen for the first time since November 25, boosted by long-term U.S. Treasury yields which climbed 12.5 basis points overnight to 1.6420% for the first time since November 24.

Investors also continue to bet that the Fed will hike interest rates in 2022, with money markets fully accommodating a first hike by May and two more by the end of 2022.

“The market is anticipating a more aggressive US rate hike scenario, or at least the risk of it, in 2022, and this definitely remains the main support for the dollar,” Shinichiro Kadota, senior currency strategist at Barclays.

The number of global COVID-19 cases also continues to rise, thanks to the omicron variant. Global travel and utilities continue to be delayed, with the hike also likely to delay reopening more US schools after the holidays. Thousands of schools have already delayed their openings, with New York City hitting a 33% positivity rate.

However, investors were hopeful that the lockdowns could be avoided. Meanwhile, the United States Food and Drug Administration on Monday cleared a third dose of Pfizer Inc. (NYSE:) / BioNTech SE (F 🙂 COVID-19 vaccine for children ages 12 to 15. The regulator also shortened the time frame for all booster injections to five months, compared to six months after the primary doses.

Warning: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. The prices may therefore not be exact and differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.


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A new variant welcomes the New Year: Top Trade Q1 2022 https://ardud.ro/a-new-variant-welcomes-the-new-year-top-trade-q1-2022/ Sat, 01 Jan 2022 19:00:00 +0000 https://ardud.ro/a-new-variant-welcomes-the-new-year-top-trade-q1-2022/ As the timeline turns to 2022, the slate is wiped from the sustained enthusiasm that has driven risk markets up through the second half of 2020 and throughout 2021. Aggressive fiscal stimulus is on the way. now in the rearview mirror, as central banks around the world have started rolling back on asset purchases – […]]]>

As the timeline turns to 2022, the slate is wiped from the sustained enthusiasm that has driven risk markets up through the second half of 2020 and throughout 2021. Aggressive fiscal stimulus is on the way. now in the rearview mirror, as central banks around the world have started rolling back on asset purchases – and in some cases – aggressively raising interest rates to fight persistently high inflation.

The emergence of the Omicron variant may eventually portend the end of the pandemic as we know it, but the threat of overwhelmed health systems, even if deaths remain low, could lead to more government restrictions weighing on business. economic. At least for Q1’22, these factors could see a further cooling in risk appetite before calmer – and more bullish – heads prevail later in the year.

S&P 500 technical analysis against Nasdaq 100 (SPX / NAS): daily chart (January 2020 to December 2021)

When the best 4Q’21 opportunities were written, the US S&P 500 was trading below 4450, and a year-end target of 4800 was set. Stocks almost hit that target, hitting a high of 4,731 in mid-December. But there has been a noticeable shift in the internals of the market: High-flying, high-growth, low-income (or no-income) tech names have collapsed dramatically.

And so this is the catch for the start of 2022: growth stocks could continue to underperform their value counterparts. The S&P 500 / Nasdaq 100 ratio broke its downtrend in place from May to December through mid-December 2021, with a potential double bottom forming against the 1Q’21 and 4Q’21 lows. With the upside breakout just occurring in the last few weeks, we may be in the early stages of a stock rotation from growth to value. The long S&P 500 / short Nasdaq 100 trade is observed until the ratio reaches 1.29; it is currently 1.19.

Technical analysis of US 10 year yield minus 2 year yield (2s10s): daily chart (January 2021 to December 2021)

A new variant welcomes the New Year: Top Trade Q1 2022

One facet of the Federal Reserve’s tightening policy is the impact on short rates and long-term bond yields. While the short end of the U.S. Treasury yield curve tends to see higher rates when the Fed withdraws its stimulus, the long end of the yield curve tends to decline as growth expectations and inflation – inherently embedded in the long end – come as reduced stimulus measures reduce economic potential. A further flattening of the US yield curve is expected in the 2-10 year spread, which will inevitably spark speculation over recession fears in the financial media in the not-so-distant future.

EUR / USD Technical Analysis: Daily Chart (January 2020 to June 2021)

A new variant welcomes the New Year: Top Trade Q1 2022

And yet, even if growth concerns spread and the US Treasury yield curve flattens, the US dollar may continue to perform well. Both of these themes are well influenced by Fed tightening, but Fed tightening can be seen from another perspective: compared to what other central banks are doing. To that end, the juxtaposition between the Federal Reserve and the European Central Bank will only increase over the next few months, and historically the gap between the US and euro area inflation rates suggests. a further weakening of the EUR / USD exchange rate. A drop below 1.1000 should be observed during 1Q’22.

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Swiss National Bank cancels third quarter foreign exchange purchases https://ardud.ro/swiss-national-bank-cancels-third-quarter-foreign-exchange-purchases/ Fri, 31 Dec 2021 08:36:00 +0000 https://ardud.ro/swiss-national-bank-cancels-third-quarter-foreign-exchange-purchases/ A general view of the Swiss National Bank (SNB) building in Zurich, Switzerland, December 16, 2021. REUTERS / Arnd Wiegmann Register now for FREE and unlimited access to Reuters.com Register ZURICH, Dec.31 (Reuters) – The Swiss National Bank spent 2.79 billion Swiss francs ($ 3.05 billion) in foreign currency during the third quarter, data showed […]]]>

A general view of the Swiss National Bank (SNB) building in Zurich, Switzerland, December 16, 2021. REUTERS / Arnd Wiegmann

Register now for FREE and unlimited access to Reuters.com

ZURICH, Dec.31 (Reuters) – The Swiss National Bank spent 2.79 billion Swiss francs ($ 3.05 billion) in foreign currency during the third quarter, data showed on Friday, representing a decrease of its interventions despite the continued rise in the value of the safe haven. .

This figure is lower than the 5.44 billion francs spent by the SNB between April and June and also lower than the 10.97 billion francs spent in the third quarter of 2020, according to central bank data.

During the three months of July to September, the franc appreciated 1.6% against the euro, and has since been pushed even higher after attracting investors looking for safe-haven assets.

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Currency interventions, along with negative interest rates, are cornerstones of the SNB’s battle to stem the strengthening of the Swiss franc. The bank recently reiterated its commitment to the interventions. Read more

A stronger Swiss franc threatens to undo the SNB’s goal of achieving price stability in Switzerland by lowering the price of imports, while it hurts the country’s economy by raising the price of Swiss exports .

But the apparent low level of currency purchases has prompted economists to speculate that the SNB has become more reluctant to contain the franc as it climbs in value. Read more

Analysts also said the SNB seems more comfortable with the recent appreciation of the franc, as the fall in Swiss inflation relative to inflation in the euro area reduces the real effect of nominal appreciation by the currency.

“The low level of foreign exchange intervention in the third quarter indicates that the SNB was little concerned about the development of exchange rates in the third quarter,” said Karsten Junius, economist at J.Safra Sarasin.

“In the fourth quarter, we expect a higher level of currency intervention. During this period, the CHF has appreciated 5% against the euro alone – which is a speed of adjustment which is clearly too quick for the comfort of Swiss exporters and therefore also for the SNB. “

($ 1 = 0.9145 Swiss francs)

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Reporting by John Revill; Editing by Alison Williams and Gareth Jones

Our standards: Thomson Reuters Trust Principles.


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Canadian dollar forecast: oil prices remain the main driver https://ardud.ro/canadian-dollar-forecast-oil-prices-remain-the-main-driver/ Wed, 29 Dec 2021 16:35:00 +0000 https://ardud.ro/canadian-dollar-forecast-oil-prices-remain-the-main-driver/ Canadian dollar outlook: The continued rebound in crude oil prices gave the loonie a boost. CAD / JPY rates recently traded above their daily 21-EMA, while USD / CAD rates have yet to drop below their one-month moving average. According to IG Customer Sentiment Index, USD / CAD rate now have a bearish short-term bias. […]]]>

Canadian dollar outlook:

  • The continued rebound in crude oil prices gave the loonie a boost.
  • CAD / JPY rates recently traded above their daily 21-EMA, while USD / CAD rates have yet to drop below their one-month moving average.
  • According to IG Customer Sentiment Index, USD / CAD rate now have a bearish short-term bias.

Oil supply loonie gains

Strength in energy markets helped propel the Canadian dollar higher at the end of the year. Energy, which accounts for about 11% of Canadian GDP, has a huge influence on the loonie, so it’s no surprise that the strong rebound in crude oil prices over the past week has turned into rebounds by the loonie. main cross CAD. And with risk appetite having improved dramatically in recent days, safe haven counterparties like the Japanese yen and the US dollar are fading, allowing the strength of the CAD to shine in pairs like CAD / JPY rates and USD / CAD.

CAD / JPY technical analysis: daily chart (December 2020 to December 2021) (Chart 1)

CAD / JPY continued to rise from the 61.8% Fibonacci retracement of the lower August / October range of 87.86, eventually reaching a higher move through the daily 21-EMA – the moving average. of a month – at the end of last week. Likewise, the pair may also have climbed above the descending trendline from the October and November highs, suggesting that a short-term low has finally been established.

The bullish momentum continues to improve. The Daily MACD is poised to climb above its signal line as the Daily Slow Stochastic has entered overbought territory. CAD / JPY rates are above their daily envelope of 5, 8, 13 and 21 EMA, which is in full bullish sequential order. Further gains are expected towards the early December high of 90.37 in the near term.

Technical analysis of the USD / CAD rate: daily chart (December 2020 to December 2021) (Chart 2)

Canadian Dollar Forecast: Oil Prices Remain Key Factor - CAD / JPY, USD / CAD Configurations

In the previous update it was noted that “if crude oil prices can reach 73.34, however, that would be a favorable sign that the Loonie rally may still have room to play”. Crude oil prices reached 73.34, suggesting that further weakness in the USD / CAD may be on the way. Unlike CAD / JPY rates, however, USD / CAD rates have yet to emerge on the other side of their daily 21-EMA, which has served as support over the past few trading days. It would be a strong indication that the tide has finally turned.

For now, the bearish momentum is accelerating, although more slowly than the bullish momentum has emerged from CAD / JPY rates. The daily MACD continues its downtrend, but is not yet close to going below its signal line. Daily Slow Stochastics are falling, but not yet below their midline. And the USD / CAD rates are in the middle of their daily EMA envelope, which is not yet in a bearish sequential order. Ultimately, if one is looking for greater CAD strength in the short term, CAD / JPY rates have a more favorable pattern than USD / CAD rates.

IG Client Sentiment Index: USD / CAD rate forecast (December 29, 2021) (Chart 3)

Canadian Dollar Forecast: Oil Prices Remain Key Factor - CAD / JPY, USD / CAD Configurations

USD / CAD: Retail traders data shows 56.50% of traders are net long with a ratio of long / short traders at 1.30 to 1. The number of net long traders is 2.80% lower than that of yesterday and 39.70% higher than that of last week. while the number of net-short traders is 3.39% lower than yesterday and 44.63% lower than last week.

We generally take a contrarian view of crowd sentiment, and the fact that traders are net long suggests that USD / CAD prices may continue to decline.

Traders are longer than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD / CAD counter-current trading bias.

— Written by Christopher Vecchio, CFA, Senior Strategist

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FOREX – Safe haven yen drops to month low as Omicron worries about ebb https://ardud.ro/forex-safe-haven-yen-drops-to-month-low-as-omicron-worries-about-ebb/ Tue, 28 Dec 2021 01:41:32 +0000 https://ardud.ro/forex-safe-haven-yen-drops-to-month-low-as-omicron-worries-about-ebb/ Band Kevin Buckland TOKYO, December 28 (Reuters) – The yen traded near a one-month low against the dollar on Tuesday as safe-haven stocks fell out of favor following the Wall Street rally to an all-time high overnight, with the uncertainty of ‘Omicron relegated to the background. Japanese currency weakened to 114.935 yen per dollar JPY […]]]>

Band Kevin Buckland

TOKYO, December 28 (Reuters)The yen traded near a one-month low against the dollar on Tuesday as safe-haven stocks fell out of favor following the Wall Street rally to an all-time high overnight, with the uncertainty of ‘Omicron relegated to the background.

Japanese currency weakened to 114.935 yen per dollar JPY = EBS for the first time since November 26, approaching the low of the year at 115.525 reached on November 24.

The S&P 500 .SPX closed at a record low on Monday after strong US retail sales data allayed concerns over the highly infectious variant of the Omicron coronavirus, which forced thousands of cancellations and flight delays during the holidays and stranded cruise ships.

The US dollar, also seen as a safe haven, continued to languish towards the bottom of its recent trading range against a peer basket, even after a hawkish tilt by the Federal Reserve that prompted policymakers to signal a three-quarter point interest rate. increases next year.

The dollar index = USD, which measures the currency against six major rivals, was little changed from the previous session at 96.076.

“Markets around the world are bullish” that Omicron will not derail an economic recovery, reducing demand for safe-haven currencies, primarily the yen, said Osamu Takashima, head of G10 FX strategy at Citigroup Global Markets Japan .

The rally in US stocks “implies that investor risk appetite must be very, very strong right now” despite expectations of a faster Fed tightening, he said.

The yen is expected to test its 2021 low in the near term, he predicted.

Sterling GBP = D3, which often rises as risk sentiment improves, held near the overnight high of $ 1.3445.

Australian dollar AUD = D3, often seen as a liquid indicator of risk appetite, climbed back to a three-week high of $ 0.6850 reached on Friday.

The euro EUR = EBS Consolidated near the top of its range against the dollar this month, little changed from Monday at $ 1.13255.

=================================================== ======

Price of currency offers at 0123 GMT

The description

RIC

Last

US Close previous session

PCT change

Percentage change for the current year

High offer

Low offer

Euro dollar

EUR = EBS

$ 1.1324

$ 1.1327

-0.02%

-7.31%

+1.1332

+1.1325

Dollar / Yen

JPY = EBS

114.8600

114.9100

+ 0.00%

+ 11.26%

+114.9450

+114.7800

Euro / yen

EURJPY = EBS

130.08

130.13

-0.04%

+ 2.49%

+130.2200

+130.0300

Dollar / Switzerland

CHF = EBS

0.9173

0.9178

-0.08%

+ 3.65%

+0.9176

+0.9165

Pound sterling / dollar

GBP = D3

1.3433

1.3442

-0.04%

-1.65%

+1.3442

+1.3434

Canadian dollar

CAD = D3

1.2794

1.2786

+ 0.05%

+ 0.46%

+1.2794

+1.2788

Australia / Dollar

AUD = D3

0.7233

0.7240

-0.08%

-5.95%

+0.7240

+0.7234

New Zealand dollar / Dollar

NZD = D3

0.6810

0.6815

+ 0.12%

-4.99%

+0.6817

+0.6823

All spots FX =

Tokyo spots AFX =

Points of Europe EFF =

Volatilities VOLFX =

BOJ Tokyo Forex Market Information TKYFX

Global exchange rateshttps://tmsnrt.rs/2RBWI5E

(Reporting by Kevin Buckland; Editing by Sam Holmes)

((Kevin.B Auckland@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Financial Stability Committee meets – Latest news https://ardud.ro/financial-stability-committee-meets-latest-news/ Fri, 24 Dec 2021 03:10:23 +0000 https://ardud.ro/financial-stability-committee-meets-latest-news/ ANKARA Treasury and Finance Minister Nureddin Nebati chaired a meeting of the Financial Stability Committee in Ankara on December 23. class = “cf”> Turkish Central Bank Governor Şahap Kavcıoğlu, Bank Regulatory and Supervisory Agency (BDDK) Director Mehmet Ali Akben and other senior officials attended the meeting. “The need for coordination between relevant institutions and organizations […]]]>
ANKARA

Treasury and Finance Minister Nureddin Nebati chaired a meeting of the Financial Stability Committee in Ankara on December 23.

class = “cf”>

Turkish Central Bank Governor Şahap Kavcıoğlu, Bank Regulatory and Supervisory Agency (BDDK) Director Mehmet Ali Akben and other senior officials attended the meeting.

“The need for coordination between relevant institutions and organizations to develop new tools to protect the value of the Turkish lira and boost savings was emphasized,” a ministry statement said.

All state institutions will strive to create stability within the framework of the “Turkish economic model” and provide sustainable growth in accordance with “transparent, predictable and determined policy measures,” he added.

Meanwhile, the pound gained ground yesterday in the recently announced parity rates against foreign currencies.

On December 22, the Central Bank began publishing daily exchange rates for exchange-protected sterling deposit accounts.

The US dollar / lira exchange rate yesterday was 11.64 for buying and 11.66 for selling, compared to 12.34 and 12.37, respectively. Euro rates were 13.18 and 13.21, compared to 13.91 and 13.94, respectively.


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FOREX-Dollar Near Weekly Low As Omicron Fears Loose; read prolongs the rally https://ardud.ro/forex-dollar-near-weekly-low-as-omicron-fears-loose-read-prolongs-the-rally/ Thu, 23 Dec 2021 12:20:32 +0000 https://ardud.ro/forex-dollar-near-weekly-low-as-omicron-fears-loose-read-prolongs-the-rally/ Ddollar near weeklows, euro above $ 1.13 Risk appetite boosts the Aussie and the British pound Turkish lira extends massive rebound Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E Updates throughout the additions chart LONDON, December 23 (Reuters) – the dollar indexflat near a weeklong low Thursday, as fears of the Omicron COVID variant fallout abated, increasing the […]]]>

Ddollar near weeklows, euro above $ 1.13

Risk appetite boosts the Aussie and the British pound

Turkish lira extends massive rebound

Chart: Global exchange rates https://tmsnrt.rs/2RBWI5E

Updates throughout the additions chart

LONDON, December 23 (Reuters)the dollar indexflat near a weeklong low Thursday, as fears of the Omicron COVID variant fallout abated, increasing the risk currencies such as Australian dollar and British pound.

Tthe dollar index, at 96.159 = USD, was unchanged during the day but close to its weakest since last Friday. The US dollar appreciated against the Japanese yen JPY = EBS – another safe haven currency – and was up 0.2% to 114.3, near Wednesday’s one-month high of 114.37.

Risk appetite has improved since Monday, when markets were rocked by government restrictions related to the spread of Omicron.

However, Wednesday’s data showed US consumer confidence improving more than expected in December, suggesting the economy will continue to grow in 2022 despite a resurgence in COVID-19 infections and a reduction in stimulus spending. .

A South African study during this time suggested reduced risk of hospitalization at Omicron the patients .

Australian dollar AUD = D3 rose 0.3% to $ 0.7238 after Wednesday’s 0.86% rise. The Norwegian krone strengthened to one-month highs against the dollar and euro NOK = D3, EURNOK = D3, also stimulated by soaring oil and gas prices.

The euro was stable around $ 1.1327 EUR = EBS but sterling GBP = D3 rose half a percent as inflation-adjusted gilt yields were boosted by markets pegging 100bp in UK rate hikes next year.

US real rates have stagnated since the Fed’s meeting in mid-December.

MUFG strategist Lee Hardman predicts that the correction in the US dollar will be short-lived.

“Wacky comments from Fed officials over the past week, including Fed Governor Waller and San Francisco Fed Chairman Daly, signaled that they were considering raising rates as soon as the FOMC meets. of March, “he added. said Hardman.

A turnaround could occur as early as this afternoon if the US PCE deflator hits new decades-long highs, confirming a faster Fed rate hike.

“Rampant core inflation will be the catalyst for a further significant upward adjustment in federal funds futures in favor of a stronger dollar,” ABC analysts told clients, while warning that the dollar could be further reduced if data suggests inflation is leveling off.

Elsewhere, the Turkish lira extended its surprising rebound this week, rising another one 12% at 10.6 per dollarTRY = D3>, having traded as low as 18.4 on Monday.

The big gains came after President Tayyip Erdogan said the government and the central bank would guarantee some local currency deposits against losses from currency depreciation.

Global exchange rateshttps://tmsnrt.rs/2RBWI5E

Real returnshttps://tmsnrt.rs/3qjNP3p

(Reporting by Tommy Wilkes and Sujata Rao; Additional reporting by Kevin Buckland in Tokyo; Editing by Andrew Heavens and Jane Merriman)

((saikat.chatterjee@thomsonreuters.com; + 44-20-7542-1713; Reuters messaging: saikat.chatterjee.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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