Month: November 2021

Moody’s Investors Service is out with its latest assessment of the Asia-Pacific economies, offering a stable outlook on the region. “Most will rebound, helping to support debt stabilisation at higher levels than pre-pandemic,” Moody’s said in its report. Market reaction The Asian stocks are a big bag in the final trading day of the week,
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The EURUSD sellers push through the intraday floor The EURUSD has been mired in a narrow range for the London/US session. The highs a stalled near 1.1476 which was near the closing level from yesterday. The lows stalled between 1.1453 and 1.14553.   That represents only a 23 pip trading range over the 2 trading sessions.  The pair has now broken to a
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Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images The IRS announced higher federal income tax brackets and standard deductions for 2022 amid rising inflation. The consumer price index surged by 6.2% in October compared to the previous year, the biggest jump in more than three decades.
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Dollar stays generally firm in Asian session, following the post CPI rally overnight. Yen is some what helped by the selloff in stock markets despite rebound in US yields, and remains firm except versus the greenback. On the other hand, Australian Dollar tumbles sharply following much worse than expected job data, and leads other commodity
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Daily thread to exchange ideas and to share your thoughts The hotter-than-expected US CPI data yesterday is certainly giving the market some food for thought as the inflation debate continues to play out. Rate punters are expecting the Fed to now act in July instead of September before the report, with bond yields and breakevens surging strongly
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AUD/USD bears stay in control with eyes on 0.73 the figure.  A break of 0.7300 opens risk to the 0.7280s for the sessions ahead. AUD/USD fell on Wednesday and extended losses in Thursday’s Asian session following a surprisingly strong US Consumer Price Index report and a shockingly poor Aussie jobs event.  AUD/USD has fallen from 0.7393
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