Investors Beware – Risk Aversion Could Intensify
The U.S. dollar traded sharply higher against all of the major currencies on Tuesday as Treasury yields surged and stocks plummeted.
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The U.S. dollar traded sharply higher against all of the major currencies on Tuesday as Treasury yields surged and stocks plummeted.
Investors kicked off the week with renewed demand for U.S. assets. The Dow Jones Industrial Average rallied for the fifth straight trading day while the U.S. dollar strengthened versus the euro, Japanese Yen and Swiss Franc.
The precision in the central bank’s timing for taper is very hawkish even as they say rate hikes are far away. Investors braced for a dance around taper timing but with inflation expected to remain elevated “for months before moderating,” the time has come to act.
There are only 3 more Federal Reserve announcements before year end If Powell wants to give the market ample time to prepare for tapering asset purchases….
This is one of the busiest trading weeks of the year and for this very reason, volatility in the stock market as measured by the VIX rose to its highest level in 4 months.
The U.S. dollar extended lower against most of the major currencies on Wednesday despite a stronger Empire State manufacturing survey. According to this report, activity in the New York region soared in September with the index rising to 34.3 from 18.3
The European Central Bank delivered exactly what the market expected on Thursday. They slowed bond purchases and raise their inflation forecasts.
Bitcoin is up 50% of the lows and there are a plethora of reasons why the crypto currency has rallied, but perhaps the most important one is one that is least discussed – China.
Fundamentals matter ALOT when it comes to currency movements. The U.S. dollar fell sharply on Friday as 10 year Treasury yields experienced its largest decline
The sudden collapse in Gold at the start of week’s trade may be signalling that US monetary policy will begin to tighten into the second half of the year as the Fed begins to taper its ultra easing stance in light of consistently strong US economic data.
Price action stalls at all time highs Delta variant causing concerns Big divergence in breadth Seasonal volatility problems Market action is decidedly negative as we
With quarterly earnings reports coming up the focus of equity investors will be on guidance for the rest of the year forward. But while growth will be critical to further stock gains investors may be underestimating a far bigger risk to performance – multiple contraction.