Will Risk-on persist? What next for Wallstreet & Riskier FX?
Market risk tone this week has maintained positivity ahead of President Biden’s fiscal policy revelation. It seems stocks will climb higher thus dragging risk-on FX like AUD, NZD and CAD along with them. Is risk drifting away from Trump toward Biden? There is a feeling among traders that the market is fast pricing-in more risk […]
Mid-week market forecast: Dollar plunges across the board
It’s the mid-week and the dollar is bleeding against its major peers. The dollar index is down below 90. The downside remains more attractive ahead of the US core-CPI data. The greenback couldn’t sustain last week’s surge that took the DXY to 90.7. It only gained a significant 1.65% – highest since the late October […]
Weekly Market Outlook – USD adds to gain, Crypto shed profits
The new week started with profit shedding as the general market mood fell. The stock markets are shedding profit, thus, dragging riskier FX along. Metals are on the bounce while the oil market started the week on the downside. The dollar ended last week bullish despite a poor December US job data. Bitcoin with other […]
Daily Forecast- Technical Analysis of Major FX Pairs Ahead of NFP
The dollar resumed gains on Friday against other major currencies ahead of the first NFP data of the year. Let’s look at what the charts are printing ahead of the important event. Spotlight will be on the US’s first employment data of the year on Friday. Meanwhile, the dollar has been active early in the […]
TigerWit Charges New Retail Traders to Pass Torch on as Next Super Traders
A renowned financial technology and brokerage firm headquartered in the UK, TigerWit, has charged its 30 newly trained retail traders to go into the largest financial market and become the next super trader. The firm made this call at the graduation ceremony which held at TigerWit’s African head office in Ikeja Lagos at the weekend. […]
Forex Majors Elliott Wave Analysis: January 5 Update
There was a decent volatility on Monday in the Forex market as the dollar gained over its major peers. Risk-off was driven by fears of the new Covid stain spreading amid vaccine administration. We are going to look at the technical analysis of the major FX pairs. Recent developments in the market A new variant […]
January 4 Market Report – Major risk drivers and headlines
In the first trading week of the year, the market started in a positive mood, further setting the Dollar and safe-havens backward. Wallstreet hit fresh record highs. Meanwhile, Ethereum, Bitcoin, and the Crypto market continue to steal the spotlight. Major Risk Drivers Covid & Vaccines The virus continues to spread quickly in 2021. The new […]