US Election, Macroeconomics & Brexit – this week’s major Market Drivers

At the start of this week, the dollar continued the last week bullish moves across the FX board. Risk-off dragged the Aussie, NZD, and CAD further downside while Gold stays stable. Oil prices and the stock markets remain on the back foot with all eyes remain on the US election. Markets might squeeze in anticipation […]

The Week ahead in the FX market – US election and other news

Risk aversion dominated the market last week ahead of Tuesday’s election in the United States. Global stock indices plunged as the dollar got the necessary lift across the FX board. Covid19 situations worsen in the US and Europe. Restrictions meant closure of some business activities and thus, could lower the economic growth forecast for the […]

This week in the Forex market – what traders should watch out for

Last week was another volatile one in the financial market. The dollar plummeted across all the major pairs as the stock markets recovered from slumps it had earlier in the week to close bullish. What’s to look out for this week in the forex market? Commodities ended the week bearish with Gold and WTI down […]

The Week Ahead in the Forex Market – what traders need to know

Pessimism dominated the market this week as stock prices fell. US Wallstreet has dropped by 3% before the London session opened on Friday. However, the lower risk appetite has driven the dollar to significant bounce across the board this week. The greenback is up 0.8%. However, rallies seem to have stalled by the negative unemployment […]

Mid-week technical analysis – USD off to intraday correction

The Dollar Index (DXY) has gained nearly 0.6% this week after falling short in the three weeks prior. The greenback has dragged the major currency pairs along as it sheds some profit on Wednesday leading to a bearish correction. Let’s take a technical look at some of the major pairs for the second half of […]

Market Update – The impact of a weak dollar on major instruments

The bulls won last week in the equities market despite the uncertainties concerning the US extra stimulus package. The dollar was on the backfoot against its peers. Thus, the greenback has maintained an inverse correlation with the stock market. Gold bid is maintained despite perceived risk aversion while Oil prices shed some gain. Over the […]

Market Updates: Commodities react to Covid while USD plunges ahead of NFP

Last week, dollar ended its best run since April as pressure builds from Covid-19 resurgence and the upcoming US presidential election. The greenback remains under pressure early on Tuesday as it lacked the momentum to push above a critical resistance zone. Covid-19 Second Wave Covid-19 second wave remains a major risk concern as deaths globally […]

Daily Market Analysis: near zero Fed rates plan supports the Dollar

The dollar jumped by 0.7% on Wednesday after the US Federal Reserve concluded its two-day monetary policy meeting with major focus on keeping the interest rate near zero until 2023. Here is today’s daily market analysis The US Central Bank is unrelenting in its effort to support its economy following the Coronavirus hit. After injecting […]

Daily market update – what next for the dollar?

The dollar weakens further on Tuesday as traders await the next action from the Fed amid swift economic recoveries despite rising global Covid-19 cases. The US-Sino affairs run mildly underneath while political tensions surge in the US ahead of the November general elections in the world’s biggest economy. EURUSD hits a fresh weekly high and […]

Gold drops 6.5% in 1 month – should we expect further sell-off?

The yellow metal is down by over 3.5% in September so far, after ending August on a bearish note. In total, Gold drops 6.5% in the last one month (as at the time of writing) as the bearish correction lingers. Risk is back in the markets as optimism rises. Businesses are opening and economies expanding. […]