December 3 Market Updates and Forecasts – Risk drivers, Stocks, DXY & Gold
Risk sentiment headlines are mixed on Thursday as traders weigh on which (hopes or concerns) would have a bigger impact on the market. Market is driven by vaccine and stimulus hopes amid rising Covid cases On the fore-front of risk aversion is the rising global Covid cases. Lockdowns are therefore extended in France, Germany, and […]
Dollar plummets to 30-month low as risk appetite improves
The dollar is back on the back foot this week as the dollar plummets to 30 months low. Further decline is very much likely to 90 as the current risk-on pushed stocks to fresh highs. Risk appetite has improved in the last quarter of the year. Although rising Covid cases is capable of inflicting global […]
Gold bearish onslaught – how much lower should we expect?
Gold has fallen over 11% since August as the world fights back against the ravaging virus. With yesterday’s break below 1845, the yellow metal is set to plunge further. The recent vaccine development is taking attention away from Gold as a safe-haven instrument. Investors are confident that the pandemic virus will be maintained and economies […]
Vaccine and Brexit Optimisms drive Sterling to two months high
The Pound Sterling surged in the early hours of the London session with hopes that the Brexit deal will go through. GBPUSD hit a fresh two-month high on Monday. Three core events can be said to be responsible for the sudden rally. Reports that the UK could approve a coronavirus vaccination, better than expected Markit […]
Weekly Update: Covid-19 threats, US Politics & Brexit dominate market headlines
Mixed reactions in the markets last week as stocks surrendered vaccines advantage. It was a very volatile Monday when Pfizer released a report that its Covid vaccine is 90% efficient in preventing contagion. Risk-on was massive as S&P 500 roared to a fresh high while Gold, Yen, and Swiss Franc tanked like they’ve never done […]
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 […]