EUR/USD Sets New 2021 Lows
The pair has clearly been having a very bad month, with Fed/ECB monetary policy divergence being a key driver, registering today new 2021 lows
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The pair has clearly been having a very bad month, with Fed/ECB monetary policy divergence being a key driver, registering today new 2021 lows
The pair rose to its highest levels since March 2017 during the Asia-Pacific session, but has since declined, weighed by the slide in US Bond Yields
The Reserve Bank of New Zealand (RBNZ) hiked rates for a second time in a row, bringing them to 0.75%, but the pair reacted lower, as the move was largely expected
The Turkish lira has capitulated over the last two months. In this article, we will consider a basic monetary economic model to explain the USDTRY's movements over this time frame. The Quantity Theory of Money One of the earliest models of monetary economics is the quantity theory of money (QTM). It can be traced back to Copernicus in the 16th century but was popularised by Friedman and Schwartz in the…
Introduction Since the pandemic high of 2020, the USDOLLAR has followed a structured cycle. There are four distinct phases. 1. Distribution phase. 2. Mark-down phase. 3. Accumulation phase. 4. Mark-up phase. Past Performance: Past Performance is not an indicator of future results. Distribution Phase This phase was uncharacteristically quick. As the pandemic unfolded, margin calls and the demand for dollars by debt-laden emerging economies drove the USD price up. However,…
The pair runs the fifth straight profitable week, after yesterday boost from Mr Powell’s re-nomination, while on a monthly level, November is on track to become the best of the year
The pair did not avert fresh 2021 lows today, after yesterday’s drop from Mr Powell re-nomination US Dollar boost, but finds support as European trader enter.
The pair registered a mixed week, as it erased gains from Wednesday’s 4+ year-highs and dropped on Friday, but today it manages to attract buyers
The pair comes from two straight weeks of losses and today its remains soft, exposed to Friday’s 2021 lows
The common currency managed to stage a solid rebound yesterday, but today, it faces renewed pressure on the back of fresh dovish ECB rhetoric
UK Retail Sales rose more than expected in October, adding to a series of supportive economic data for the British Pound
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