Sunday , 24 November 2024
Home Forex It is shaping up to be another one of those days
Forex

It is shaping up to be another one of those days

Besides some of the typical yen volatility as of late, major currencies are in a pretty dull mood today. The ranges for dollar pairs speak for themselves as seen below. And with US stocks also feeling rather muted over the last few sessions, it isn’t helping to provide much direction this week. S&P 500 futures are little changed once more, down 0.1% currently.

The dollar was fairly steady in trading yesterday but didn’t really accomplish much. Take AUD/USD for example. The pair threatened a break below its 100-day moving average of 0.6577 but ultimately closed at 0.6579, and is still keeping thereabouts now.

Elsewhere, 10-year Treasury yields are up slightly back to around 4.50% at least. But broader markets look to be content to wait for more clues before reacting to that.

Today, we’ll have the BOE monetary policy decision to go through. But in all likelihood, it is a bit of a waiting game until we get to the US PPI, CPI, and retail sales numbers next week.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Newsquawk Week Ahead: US PCE, FOMC Minutes, RBNZ rate decision, EZ HICP, and Aussie CPI

Mon: German Ifo (Nov), US National Activity Index (Oct)Tue: FOMC Minutes (Nov);...

Weekly Market Outlook (25-29 November)

UPCOMING EVENTS:Monday: PBoC MLF, German IFO.Tuesday: US Consumer Confidence, FOMC Minutes.Wednesday: Australia...

ECB Villeroy says falling inflation allows the Bank to lower interest rates

Villeroy heads up the Bank of France. He spoke with Ouest-France newspaper,...

CCI Histogram Volume MT5 Indicator

The world of financial markets can feel like a whirlwind of charts,...