Dollar recovers from the FOMC slump as Sterling and Euro falter
On Friday, the dollar is staging a fast recovery from the FOMC slump. The broad USD strength forced Sterling and Euro downside as the week draws to an end. Meanwhile, the happens despite the loss of momentum on the treasury yield. On Thursday, the FOMC came all dovish and the dollar slumped as a result. […]
Gold Forecast: when will the yellow metal resume the long-term rally?
The yellow metal will complete the first bullish month in 2021 after it bottomed at 1677 in March as a result of a falling treasury yield. Will the long-term bullish trend continue from here? Gold is up by over 3.5% in April. The last bullish month prior was in December when the commodity gained nearly […]
FOMC maintains strict support citing sharp but uneven recovery – what next for dollar?
The FOMC on Wednesday kept the federal fund rate unchanged at 0-0.25%. Its refusal to taper the current asset purchase values drag the dollar lower and pushed S&P 500 to a fresh record high. Fed went dovish, no taper yet until targets are met The Fed Chair Powell said although the economy is recovering at […]
Market Forecast: GBPCHF squeezed in a bearish triangle at 1.27
The bears will likely drag GBPCHF further downside as post-brexit deal uncertainty pressure the Sterling. Also, bid for safe havens might intensify in the coming days. GBPCHF was dragged to the 1.27 psychological level on Wednesday after staying around it since the start of the week. A recovering sterling and the recent strength in the […]
Market Weekly Outlook (April 26-30) – BoJ, Fed and US GDP in sight
The dollar index closed the last week below 91 to complete three consecutive weeks of losses. The S&P 500, on the other hand, recovered swiftly. Earnings reports, FOMC and US GDP reports are expected to steal the spotlight this week. Market Wrap The Dollar The dollar opened this week bearish after last week’s low confirmed […]
April 23 Forecast: Biden tax hike and covid resurgence pressurizes the market
The equities market is bound to end the week bearish as the US corporate tax hike and rising cases of Covid in Asia dampened risk appetite. The Euro is recovering from the shocking ECB fall on the back of expansive PMI data from the zone. Meanwhile, crypto sell-off continues as major futures deals near expiration. […]
USDCAD Forecast Ahead of BoC Monetary Policy Reports
All eyes will be on the Bank of Canada today as the market expects the country’s interest rate unchanged at 0.25%. Will the bank cut down its bond purchases or wait again? The Canadian Dollar is plummeting against other major currencies in April. Even against the weak dollar, CAD is down so far in April […]
The Week Ahead, April 19-23 – Vaccines, BoC and ECB
The market is starting the week in a mixed mood but generally, the risk appetite is still intact. Earnings seasons continue this week as the market watch for fresh clues from the ECB and BoC. Market Recap The US-10 yr bond yield’s retracement to 1.6% on Friday is becoming short-lived again. Early on Monday, the […]
Daily Market Themes, Analysis and Forecast – April 14 Update
The dollar index was tamed beneath 92 as the US bond yield resumed the downwards correction. Gold jumped back to the 1740-1750 region to absorb the retreat that started late last week. US stock indices reached fresh record highs. Highlights today include speeches from ECB President Largade and some members of the FOMC including Chairman […]
Amid Rising Inflation Expectation, what is next for Gold and Dollar?
Early in the London session on Tuesday, the dollar shed some of the Asian market profits as the general market sentiment focuses on inflation expectation in the US. Meanwhile, the US stock market jumped to fresh highs as Gold plummets to its lowest in nearly one week. However, US bond yield broke out of a […]