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 […]
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 […]