The Week Ahead (June 14 -18)- Important Market Themes to watch out for
Another very interesting week ahead as the market looks forward to the FOMC monetary policy update following the last NFP miss and rising inflation figures. Also, important Aussie employment figures will be released before the SNB and BoJ rate statements later in the week. Traders will also watch out for the Canadian inflation report following […]
US Markets Analysis – DXY, S&P 500 and Treasury Yield Forecast
Thursday’s US inflation report increased investors’ appetite for risk as the call for tapering was doused at least before next week’s FOMC report. The US 10-year treasury yield quickly collapsed to its lowest in three months while Wallstreet turned green. However, the dollar remains indecisive, hovering around a solid range. The world’s largest economy has […]
Market Update as Investors’ focus shifts to US CPI and ECB
The dollar reacted with a shocking rally on Wednesday despite the continued pressure on the treasury yield. Market mood mid-week thus supported risk-off assets as investors and traders look forward to the ECB monetary minutes and the US CPI data later in the day. The dollar index surged to 90.15 on Wednesday and continued the […]
Mid-Week Market Overview and Forecast – BoC, ECB and US Inflation Eyed
The US treasury yield is downbeat in the second week of June as the price pushed below 1.55% and now close to touching 1.5%. Wallstreet indices remain firm while the dollar’s minor bounce couldn’t be sustained. The market awaits the BoC later today to inject some momentum. The equities market is rolling out profits again […]
Market Forecast: Gold bulls look for momentum to breach 1900
The Gold bullish trend is back to full effect as the treasury yield and dollar look downbeat following Friday’s NFP miss. How high could the yellow metal go this week? After a fast collapse that was just shy of the 1850 psychological level, Gold resumed the long-term bullish trend as it rallied nearly 400 pips […]
Post-NFP Analysis and Forecast – What next for DXY and EURUSD?
The US added 559,000 new jobs in May. The outcome was good but way below the market’s forecasts of 650k. CAD job data also same worse at -23.5k as more than expected jobs were lost in May. The market was disappointed with another job data miss in the US. Today’s 559k NFP meant that the […]
NFP Preview and Forecast – How US Jobs could influence Major FX
The US Bureau of Labour Statistics will release the May job reports later today. Meanwhile, the dollar has been in a bright mood after some encouraging data on Thursday prior to today’s event. Employment reports in Canada are expected at the same time. So, it’s expected to be another volatile day in the Forex market. […]
Mid-Week Market Report – Dollar Staging Recovery as Gold pressures
After a sluggish start to the week due to Monday’s bank holidays in the US and UK, the markets are back with support for safe-haven instruments. Equities are pressured on Tuesday and early on Wednesday while the dollar escapes the bear’s net although temporarily so far. Markets’ moves in recent days remain indecisive as positive […]
Gold Forecast: Treasury Yield rebound might pressure the yellow metal
The US 10-year bond yield is set to recover from the slumps of the last two weeks. However, this might pressure the high-flying Gold to a much expected bearish correction. The yield collapsed to 1.55% about a week ago after some Fed officials reiterated that inflation would adjust with the economic adjustment. The dip came […]