History suggests large USD selloffs tend to occur in consecutive years: BofA
History suggests large USD selloffs tend to occur in consecutive years: BofA
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History suggests large USD selloffs tend to occur in consecutive years: BofA
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The Issa brothers – Mohsin and Zuber – have decided to break up their business empire by selling part of their holding in the Asda (ASDA) supermarket. They bought it from Walmart (WMT) in 2021 for £6.8bn, but now Zuber Issa has agreed to a deal to sell his 22.5% stake in the chain to…
Asia FX flat as dollar rises before payrolls test; yuan firm after strong CPI Source link
2024.05.27 2024.05.27 Markets eagerly await BoJ move. Forecast as of 27.05.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ If you constantly wait for new evidence, you may miss the moment for decisive action. The Bank of Japan’s decisions are made by people, and their reluctance to take action hinders the yen. Let’s talk about this and make a trading plan…
1) Follow the leader: Growth vs value Another of my daily go-to charts is the ratio between Large Cap Growth and Large Cap Value. The chart below shows the relative strength between these via the SPYG (SPDR S&P 500 Growth) and SPYV (SPDR S&P 500 Value) ETFs. This chart is from FastTrack. Growth, in general,…
The USD/CAD outlook remains slightly negative despite a looming BOC rate cut. The US government shutdown poses a significant risk for dollar depreciation. Markets now closely watch the JOLTS job openings report, along with the Fed’s speech, for further guidance. The USD/CAD outlook remains steady above 1.3900 on Tuesday, following a softer start to the…
The EURUSD roller coaster on the eve of the FOMC meeting became a kind of rehearsal for the upcoming performance. The euro was dealt a very strong trump card, but its draw did not lead to an update of the December highs. Investors are seriously afraid of Jerome Powell’s hawkish rhetoric. Which, in fact, should…