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 […]

Chinese market plunges, dollar recovers slightly ahead of FOMC

The market ended the Asian session in a mixed mood. The S&P 500 sheds some profit while the dollar is recovering a little of Tuesday’s net loss. Bitcoin returns to $40,000, leading the pace again. The focus will be on the FOMC report coming later today.  Chinese market plunged China is feeling the biggest Covid-19 […]

The Week Ahead (July 26-30)- FOMC dominates the headlines

The market opened this week with the dollar shedding some of the last week’s gains. Surprisingly, most of the risk-on instruments are also on the downside especially equities and oil. The FOMC will dominate the headlines this week as the market looks for the next clues.  Last Week Wrap The US stock market hit another […]

July 23 Market Update – Dollar struggles, European FX gain ahead of PMIs

The dollar is recovering from the Asian session dip as the safe-havens continue the recovery from Wednesday’s sell-off. Overall, the week has been mixed. Equities Equities in the US are on the back of the third consecutive profitable day – recovering sharply from Monday’s massive sell-off when delta covid cases and deaths shocked the market. […]

July 22 Market Update: Risk-on Sentiment Returns Ahead of ECB

Despite Wednesday’s quiet economic calendar, the market was not short of sharp moves as risk instruments fought back to reclaim some of the ground lost since the last week. Led by the Canadian dollar, risk FX stayed upbeat throughout as safe-havens shed gains. FX The dollar index, after reclaiming the 93 key area, plummeted sharply […]

Market Report Today July 15 – What you need to know

Powell’s testimony on Wednesday rescued US equities but pressured the dollar further. Meanwhile, the Bank of Canada’s latest dovish comments dragged down the CAD despite the decision to taper asset purchases. Australia’s latest job data beat expectations. Powell’s testimony continues today. NZD quarterly CPI eyed. Powell pressures the dollar The Chairman of the Federal Reserve […]

Market Report Today July 14- What you need to know

The US Dollar leads the way as it stays firm against other major FX after Tuesday’s higher inflation figures. The Reserve Bank of New Zealand lifted NZD following taper talks. Here is today’s market report and what you need to know as the London session opens.  Higher Inflation Figures boost the Dollar On Tuesday, the […]

The Week Ahead (July 5 -9)- Important Market Themes to watch out for

The week is starting with the dollar recovering slightly from Friday’s NFP slump. Although the mixed employment report pressured the greenback, it dominated its peers last week. What is coming ahead in the new week? Last Week Market Highlights The US labor department announced a mixed employment report on Friday. While 850,000 new jobs were […]

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 […]