Forex Weekly Outlook – The US Dollar Back Near Twenty Year Highs Against Yen

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. The higher dollar is impacting US exporters who are unhedged. Microsoft warned this week, lowering their expectations for earnings and revenues because of negative impacts from a higher dollar. The US dollar surged against the yen after selling off earlier in the week to be in striking distance of 20-year highs for the USDJPY … Continue reading “Forex Weekly Outlook – The US Dollar Back Near Twenty Year Highs Against Yen”

Spain’s IBEX 35 Strongest European Bourse in May, closes Up 3% for the Month

The Spanish Blue Chip stock index, the IBEX 35 closed down almost 0.9 percent Tuesday, but still closed positive for May. The IBEX 35 closed up 3 percent for the month. Stocks fell Tuesday after Inflation in the Eurozone accelerated to 8.1% in May from 7.4% in April, beating expectations for 7.7%. The IBEX in 2021 was up 7.9% in 2021, the worse performing European stock market. in 2022 we are seeing an improvement in the relative performance. Inflation concerns … Continue reading “Spain’s IBEX 35 Strongest European Bourse in May, closes Up 3% for the Month”

France’s CAC 40 Weakest European Bourse in May, closes Down 1% for the Month

The French Blue Chip stock index, the CAC 40 closed down almost 1.6 percent Tuesday, putting it negative for May. The CAC40 closed down 1 percent for the month after Inflation in the Eurozone accelerated to 8.1% in May from 7.4% in April, beating expectations for 7.7%. The CAC in 2021 had its best showing in over 20 years after closing the last day of the year down 0.9% to 7,153. A strong reversal from being down 7.1% in 2020. … Continue reading “France’s CAC 40 Weakest European Bourse in May, closes Down 1% for the Month”

Eurozone Inflation Accelerates in May to New Records, Follows German and Spanish CPI

Eurozone May CPI numbers came in much higher than expectations released Tuesday confirming the soaring German and Spanish inflation reports released the day prior. Energy and food pricing pressures continue to elevate around the world. Eurozone May preliminary CPI +8.1% was versus +7.7% y/y expected. Core CPI +3.8% was higher also +3.5% y/y expected. Germany’s consumer inflation for May was 8.7% from a year ago and the highest reading since German reunification. Analysts predicted 8.1%. advance. Spain’s May CPI also … Continue reading “Eurozone Inflation Accelerates in May to New Records, Follows German and Spanish CPI”

German and Spanish Inflation Soar to Records with Consumer Sentiment at All Time Lows Ahead of ECB Meeting

Energy and food pricing pressures continue to elevate around the world. Germany’s consumer inflation for May was 8.7% from a year ago and the highest reading since German reunification. Analysts predicted 8.1%. advance. We already know people’s sentiment continues to suffer; GfK Consumer Climate Indicator for Germany edged up to -26 heading into June of 2022 from a record low of -26.6 in May. Spain’s May CPI also soared to +8.7% y/y vs +8.3% expected. The ECB meet in 10 … Continue reading “German and Spanish Inflation Soar to Records with Consumer Sentiment at All Time Lows Ahead of ECB Meeting”

Traders Market Weekly: Memorial Weekend a Time for Reflection

May 29 – June 4, 2022 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… The Week That Was – What Lies Ahead? Contents Click on the links below to navigate to the relevant section. Part A: Stock markets Part B: Bonds Fed and Banks Part C: Commodities Energy – Oil and Gas Gold and Silver Part D: Foreign Exchange Geopolitics and Economics Economy Week ahead Editorial We head … Continue reading “Traders Market Weekly: Memorial Weekend a Time for Reflection”

Forex Weekly Outlook – The US Dollar Continues Pullback with Risk-On Flows

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. Risk on sentiment continued to improve which saw currencies gain again this week from the dollar. Rising U.S. interest rates and safe haven flows had seen the U.S. dollar soar in 2022, with rates pulling back and risk moods improve investors moved back into currencies. Rates fell as traders priced in the odds of … Continue reading “Forex Weekly Outlook – The US Dollar Continues Pullback with Risk-On Flows”

Germany Consumer Sentiment Near All Time Low with Soaring Prices and War in Ukraine

The German people’s sentiment continues to suffer from soaring energy and food prices, the shadow of war in Ukraine and the morose sentiment thereto. The GfK Consumer Climate Indicator for Germany edged up to -26 heading into June of 2022 from a record low of -26.6 in May which was expected in market forecasts. Germany’s once stoic V-shaped recovery has long been put to bed and moves by the ECB to raise rates will further cloud the mood. Despite the … Continue reading “Germany Consumer Sentiment Near All Time Low with Soaring Prices and War in Ukraine”

Traders Market Weekly: Bear Jitters as Risk Factors Deepen

May 22- 28, 2022 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… The Week That Was – What Lies Ahead? Contents Click on the links below to navigate to the relevant section. Part A: Stock markets Part B: Bonds Fed and Banks Part C: Commodities Energy – Oil and Gas Gold and Silver Part D: Foreign Exchange Geopolitics and Economics Economy Week ahead Editorial Friday saw another sharp … Continue reading “Traders Market Weekly: Bear Jitters as Risk Factors Deepen”

Forex Weekly Outlook – Is Euro Headed for Parity with The Dollar

Forex Weekly Analysis and Outlook – US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Australian Dollar, New Zealand Dollar, Turkish Lira, Mexican Peso. Risk aversion sentiment again dominated currency again this week. Rising U.S. interest rates and safe haven flows have seen the U.S. dollar soar in 2022. This week however the Greenback pulled back as traders priced in the odds of a U.S. recession becoming more likely. The Swiss franc was the beneficiary among the major … Continue reading “Forex Weekly Outlook – Is Euro Headed for Parity with The Dollar”