Author: FX
Let’s kick off a quick recap of the year for the U.S. dollar. Because it is the global reserve currency and the U.S. financial system is the largest and “safest” in the world, movements in the U.S. dollar and U.S. yields are massively influential across the broad financial markets. So, it’s usually a good practice to review the Dollar’s behavior around events and news catalysts, identify pattern and correlation behaviors to gain insights and understanding, potentially improving our ability to recognize significant drivers and anticipate future moves. Of course, there’s a lot that happens to the U.S. dollar over the…
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The British Pound resumed its slide against its American rival in the American session on Monday, as the US Dollar (USD) found near-term demand in a risk-averse environment. The GBP/USD pair fell to an intraday low of 1.2473 following the release of mixed United Kingdom (UK) data. Read More… The Pound Sterling (GBP) declines to near the psychological support of 1.2500 against the US Dollar (USD) in Monday’s North American session. The GBP/USD pair falls sharply as the US Dollar rebounds strongly on Monday after a sharp downside move on Friday. The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, recovers to near 108.10.…
Bitcoin has been pulling back from its recent highs, with bears taking control after prices broke below a key rising trendline support. Check out these inflection points to watch on the 4-hour time frame: Bitcoin (BTC/USD) 4-hour Chart by TradingView BTC/USD has shown weakness in the past few trading days after breaking below its rising lows pattern that had been supporting price action since November. This technical breakdown correlates with last week’s surprise shift in FOMC interest rate expectations and likely on traders reassessing their positions heading into the year-end period. Remember that directional biases and volatility conditions in market…
Craig Jeffry Brunet, a director at NewtekOne Inc. (NASDAQ:NEWT), a $334.6 million market cap financial services company currently trading at an attractive P/E ratio of 7.57x, recently acquired 500 shares of common stock, according to a Form 4 filing with the Securities and Exchange Commission. The transaction, which took place on December 23, 2024, involved a purchase price of approximately $12.83 per share, amounting to a total value of $6,413. Following this transaction, Brunet holds 1,000 shares directly. The purchase comes as NewtekOne maintains a notable 5.98% dividend yield and has sustained dividend payments for 10 consecutive years. According to…
The second half of December is also typically the second-strongest period of the year for US, according to Bank of America. In Presidential election years, the pattern is even stronger, with the S&P 500 up 83% of the time.That’s not the case so far, with the S&P 500 down 1.7% in December and futures slightly lower today.The main reason is the Fed decision and Powell’s return to an emphasis on the inflation side of the mandate. Back in August, Powell was saying this:Now, he’s reverted to more of a focus on inflation as the economy performs better than expected and…
EUR/USD declines as ECB Lagarde is confident that inflation will sustainably return to the bank’s target of 2% sooner. The Fed sees fewer interest rate cuts in 2025 as the disinflation process stalls and amid increasing uncertainty over Trump’s policies. Trading volume is expected to thin out due to fewer trading days this week amid holidays on account of Christmas Eve and Boxing Day. EUR/USD sustains below 1.0400 in Monday’s North American session as the US Dollar (USD) bounces back on Monday after a sharp sell-off on Friday. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, climbs to near 108.20. The Greenback gains as Federal…
The changes on the day are light and it reflects the lack of appetite or incentive among traders to chase anything on the week. It’s one of those times in markets where there isn’t much of a point in trying to make sense of any moves as trading conditions are exacerbated by thin liquidity.I mean it is the holiday period after all. For EUR/USD, there are large option expiries around €1.8 billion at 1.0425. So, that might offer some pull factor on the day. But the rest of the week promises to be much quieter.As a whole, the dollar looks…
EUR/JPY depreciates following ECB President Christine Lagarde’s interview published by the Financial Times on Monday. ECB Lagarde stated that the central bank is nearing its goal of bringing inflation down to the 2% medium-term target. The recent Japan inflation report has increased the odds of a potential rate hike by the BoJ in January or March. EUR/JPY extends its losses following an interview of European Central Bank (ECB) President Christine Lagarde published by the Financial Times on Monday. The EUR/JPY cross remains tepid around 163.00 during the European hours. Christine Lagarde, President of the European Central Bank (ECB), emphasized that…
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