US Open Note – Dollar gains notable ground; oil continues the rise  



Euro eases further after German elections

The current week begins with traders’ attention on the German election results, but it serves as a reminder that politics is in full swing this week.

The results of the German federal election showed that the centre-left SDP party won a small plurality, as expected. The government negotiations are expected to go until Christmas, according to some estimates. As a result, Merkel may keep her job as Chancellor for a few more months. The euro is diving and is searching for the next support level below $1.1700.

ECB’s President Lagarde mentioned they will not be tightening policy, even if inflation pressures rise, because they still see it as a fad.

The expectation is that the so-called baseline scenario to contain a gradual increase in APP purchases as they prepare for the post-PEPP transition next year.

Dollar/yen rises ahead of plenty Fed speakers

The dollar is starting the week on a strong note as interest rates in the US continue to rise. The US dollar index is moving up for the second consecutive day, while dollar/yen is approaching the 111.00 psychological mark. US futures are mixed today, as the S&P 500 and Nasdaq 100 are pointing to a negative open, while Dow Jones is pointing for a positive open. Sterling has held up nicely this week because of the Bank of England's hawkish posture last week, but the UK's mounting energy issue predicts significant underperformance.

The 10-year Treasury yield rose to 1.47% in the last week of this month, which is the highest for the last three months as investors digested prospects that the Fed would begin tightening monetary policy.

Fed speakers are in short supply now that the FOMC meeting is over. Today's speakers are Evans, Williams, and Brainard. All Fed officials are likely to keep pushing forward with the tapering plan to prepare markets for an official announcement at the FOMC meeting on November 2-3.

Oil advances to 2-month high

In other markets, oil prices are nearing a new almost two-month high of $75.30/per barrel as a result of supply disruptions and the spill-over effects of rising natural gas prices. The yellow metal is flattening around $1,750/per ounce, while commodity currencies are looking unchanged today.

Pinakabagong Balita

Technical Analysis – USDJPY takes a breather before rallying again



Could Australian CPI inflation shake the aussie? – Forex News Preview


US Open Note – Stocks around highs, dollar flat, and gold’s resilience tested


Greenback firms up again ahead of GDP and inflation data – Forex News Preview

Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Gumagamit kami ng cookies para mabigyan ka ng mahusay na karanasan sa aming website. Magbasa pa o palitan ang iyong cookie settings.

Babala sa Risk: Ang iyong kapital ay maaaring malugi. Ang mga produktong naka-leverage ay maaaring hindi para sa lahat. Tingnan ang aming Risk Disclosure.