USD Dollar steadies near 16-month highsAUDUSD bounce back stalls amid easing risk appetiteNZDUSD under pressure near one-year lows The US dollar is holding steady near 16-month highs supported by rising treasury yields and uncertainty being fuelled by the spread of the Omicron COVID-19 variant. The dollar index, which measures greenback strength against the majors, has … [Read more...] about AUDUSD & NZDUSD Struggling for the Direction Amid Dollar Softness
Currency Pairs to Avoid in Forex Trading in 2022
The forex market saw significant price action in 2021 as investors reflected on the vaccination process and actions by central banks like the Federal Reserve and the European Central Bank (ECB). The industry is also expected to show volatility as most major central banks start to unwind their policies. In this article, we will look at some of the top currency pairs to avoid in … [Read more...] about Currency Pairs to Avoid in Forex Trading in 2022
EU, Eurozone Consumer Confidence Slip in December
Source: European Commission Consumer confidence in both the eurozone and the European Union declined for the second straight month in December, bringing the level well-below readings seen before the COVID-19 pandemic hit. VGK is up 0.56%, while EZU is up 0.64%. The DG ECFIN consumer confidence flash estimate indicator slipped by 1.4 points in the EU, and 1.5 points in the … [Read more...] about EU, Eurozone Consumer Confidence Slip in December
US Current-Account Deficit Increases by 8.3% in the Third Quarter
Source: Bureau of Economic Affairs US trade in goods and services and income flows with the rest of the world hit a deficit of $214.8 billion in the third quarter, up 8.3% or $16.5 billion from the second quarter. SPY is up +0.95%, DXY is down -0.01%. An increase in secondary income and goods deficit played a greater role in the account’s negative balance, offsetting … [Read more...] about US Current-Account Deficit Increases by 8.3% in the Third Quarter
UK Borrowing Slips to £17.4 Billion in November
Source: Office for National Statistics Public borrowing in the United Kingdom declined in November, following the record-high seen the same month a year ago. EWU is up 0.72% premarket. Public sector net borrowing was estimated at £17.4 billion in November, down by £4.9 billion a year ago. The latest figure is the second-highest November reading since records started … [Read more...] about UK Borrowing Slips to £17.4 Billion in November
