The Week Ahead (March 1-6) – spotlight on NFP, RBA and Stimulus
A fresh week is starting in the financial market. Traders and investors will expect as much volatility as was seen last week. Ahead of the US employment data, will the dollar add to gains? The market will not be void of big moves this week. The US is expected to push the 1.9 trillion pandemic […]
Daily Analysis: EURUSD retreats ahead of Powell testimony
EURUSD bullish trend remains intact ahead of Fed Chair Powell’s testimony before the US Congress later today. Currently, EURUSD is shedding profit as it’s currently finding minor support at 1.2150. The euro-dollar is primarily being driven by the dollar more than anything else. The inverse correlation between the Dollar Index and EURUSD remains firm. Thus, […]
Cryptos shed $200 billion as Investors book profit – what next for Bitcoin?
In the last 24 hours, the cryptocurrency market has shed over $200 billion in capitalization. Bitcoin price shed over 20% from the new all-time high. Binance Coin jumped to the 3rd most-capped thus displacing Ripple which has fallen out of favour in the current bullish trend. Government Stimulus, QEs and Institutional Adoptions trigger a massive […]
The Week Ahead – Fed Chair and RBNZ to spark a loaded week
The United States will release its Q4 GDP second estimate together with some other fundamentals this week. Meanwhile, currency traders could be more interested in Fed Chair Powell’s testimonies and the RBNZ monetary policy. Aside from the fundamentals, the risk drivers remain vaccine developments, stimulus and the expected global economic rebound. Last Week Recap It […]
Dollar Index Technical Forecast – who is leading the dollar race?
After a two-day resurgence, the dollar is retreating on Thursday ahead of the New York session. The market mood this week is back in support of the safe-havens as the stock markets stay on the back foot. Earlier in the week, concerns about a new strain of the virus disrupted the bullish risk tone the […]
The week ahead as Vaccine progress boosts Investors’ confidence
The US dollar index is close to making a fresh February low as investors eye riskier instruments. Light macros and holidays in the US and China might reduce the momentum early in the week. Therefore, risk sentiment will remain the core market drivers. The dollar remains pressured close to 90.3 and might break below 90.25 […]
Daily Forex Technical Forecast – Will the Dollar plunge lower on risk appetite?
Risk-on flow dominates the market this week. Safe havens like the dollar are severely beaten while equities and commodities maintain an upbeat mood. Let’s take a look at the technical forecast of the dollar and the major FX pairs. Will the dollar drag lower? The dollar resumed the long-term bearish trend on Friday and has […]
The week ahead – mixed risk tone starting a potentially volatile week
The week started very active with big bearish openings across risk assets. However, the Asian session is leading a cautiously positive recovery. Heading into the London session, safe havens are pressured after being supported by last week’s beating of the stock markets. S&P 500 is recovering over half of Friday’s dip – up by over […]