Global market sentiment deteriorated this past week, setting traders up for volatility moving forward. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 fell 2.61%, 2.94%, and 3.89%, respectively. Across the Atlantic, the FTSE 100 and DAX 40 sank 1.57% and 1.76%, respectively. Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index fell...
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Swedish Krona
The Swedish Krona eased slightly today after having a blistering rally yesterday with EUR/SEK hitting a 2-month low. The Riksbank monetary policy meeting minutes revealed a very hawkish tone and core CPI data was higher than anticipated for January, coming in at 0.4% m/m rather than -0.2% anticipated. The central bank raised rates by 50...
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Crude Oil Price
Crude oil has had a torrid week so far with wider market movements overshadowing the optimism of China re-joining the global economy. The Federal Reserve, the European Central Bank (ECB) and the Bank of England (BoE) all tightened monetary policy in the last few days. While stocks have broadly rallied, black gold has struggled to...
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Japanese Yen
USD/JPY SHORT-TERM TECHNICAL FORECAST – NEUTRAL The Japanese yen’s rally against the US dollar appears to have stalled in recent days as the market looks for further cues from the upcoming US Federal Reserve Open Market Committee meeting. While the market widely expects the Fed to hike rates by 25 basis points to 4.5%-4.75% on...
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