Market Analysis: Dollar plummets further on risk on as Gold stays firm above 1800
The risk-on sentiment resumed overnight on Tuesday as the dollar index plummeted to 92.5. Equities take advantage of the investor’s renewed risk appetite to shoot higher. No major economic event on the calendar on Tuesday. Will the status quo remain? The market is largely expected to favor risk assets in the first half of this […]
The Week Ahead – Powell pressures the dollar ahead of NFP
The dollar was pressured on Friday as Fed Chair Powell delivered dovish tapering statements. The Jackson Hole symposium thus supported last week’s risk-on sentiment and is expected to continue this week. However, traders should watch for the OPEC+ meeting mid-week and Friday’s US employment reports. The dollar index rejected further push above 93, finding resistance […]
Mid-week Forecast – Dollar pare losses to attempt bullish retracement
The dollar cut back losses during Wednesday’s Asian session as the index retraced to 93. Ahead of the London open, the Sterling and Yen joined the greenback on the gainers list while Swissy falls further as CAD and Aussie retreat slightly. What’s coming ahead? There is little to talk about on the economic calendar on […]
The Week Ahead – Jackson Hole steal the spotlight amid Covid fourth wave
The market relaxes on the vast risk aversion that dominated the last week ahead of Friday’s Jackson Hole’s symposium. What are the major events and risk drivers as we head into a new week? It’s been a better market mood as a fresh week begins with a higher risk appetite in the Asian session. Investors […]
US CPI Preview – how inflation report could drive the Dollar and EURUSD
The dollar stays firm ahead of the US inflation reports coming later today. The index is close to breaking toward its highest level in over four months. However, the rally is squeezing around a key resistance level. The dollar continues to dominate its peers, gaining the edge from the recent tapering comments from Fed members. […]
Technical Analysis: Oil falls below major resistance, how deep could it go?
So far in August, WTI has shed over 7% after hitting a strong resistance level around $77. How further downside should traders expect? It’s a popular fact that the world runs on energy thus the black commodity (oil) reflects the global economic growth. Since Covid, we have seen a new face of the oil market. […]
Equities and Commoities recovering from Covid as Dollar maintains FX lead
The safe-haven FX continues to lead the race this week as investors take cover from fresh Covid concerns. The market continues to take a clue from the development around the virus and the mass reaction both from policymakers and the economies. The US dollar stays on the front foot, supported by a good number of […]