The Week Ahead: Dollar jumped as Cryptos bled over the weekend

The new trading week started with the dollar retracing little of Friday’s jump. This coming together with fast recovering equities highlighted the mixed-mood of the market. Meanwhile, Bitcoin and the entire crypto market are yet to stage significant rebounds as investors’ confidence weakens. Last Week Recap The last FOMC minutes and Friday’s better-than-expected PMI resurrected […]

Market Analysis ahead of FOMC – what next for Dollar and Gold?

The market risk tone is moderately off on Wednesday as the dollar index recovers close to 90. Meanwhile, the stock market bled ahead of tonight’s FOMC minutes. China’s ban on crypto weigh on Bitcoin which further plummets below $40,000.  Market Wrap The dollar is finding support at 89.7 early on Wednesday. DXY is on course […]

GBPUSD hits 1.42 amid better Job Data and a Plunging Dollar – what next?

GBPUSD hits 1.42 on Tuesday as the dollar continues to wear out. The cable is close to breaking the year’s high at 1.4245. How further high can it go? The support at 1.4 is strong enough to propel the Sterling above 1.42 for the first time in nearly three months. That means GBPUSD has gained […]

Market Forecast: Gold faces a critical resistance ahead of fresh retracement

Gold is all up as the bulls are finally set on a journey to another record high. However, with the treasury yield bound to have one more rally, the yellow metal might start a retracement as it approaches a key resistance level. Isn’t it clear now that the long-term bullish trend has resumed? It will […]

The Week Ahead (17-22 May)- Fed, RBA, Inflation and Virus

The markets had a mixed mood last week. The dollar is back close to where it started at the turn of the year as the first quarter gains fizzle out. There is still more to expect before the end of May as inflation concerns support yield growths. Last week recap FX The greenback is set […]

NFP Day: What does the job data mean for the dollar?

Risk appetite is higher in the second half of the week. The equities markets continue the recoveries from the recent slump as the dollar fails to impress ahead of the US job reports.  Market Wrap Dollar and Equities Safe havens are subdued again with the dollar leading the pack. The greenback is set to close […]

Market Forecast – Will USD, S&P 500 and Bitcoin rise together in May?

The dollar is back on the front foot after Yellen’s rate comments. Also, equities are staging significant recovery despite rallying treasury yield. Oil rally pauses while Gold struggles further. Light macros ahead today but the dollar should surge further.  Asian Wrap ahead of London Despite very robust earnings reports in the US, last week’s gains […]

Dollar recovers from the FOMC slump as Sterling and Euro falter

On Friday, the dollar is staging a fast recovery from the FOMC slump. The broad USD strength forced Sterling and Euro downside as the week draws to an end. Meanwhile, the happens despite the loss of momentum on the treasury yield. On Thursday, the FOMC came all dovish and the dollar slumped as a result. […]

Gold Forecast: when will the yellow metal resume the long-term rally?

The yellow metal will complete the first bullish month in 2021 after it bottomed at 1677 in March as a result of a falling treasury yield. Will the long-term bullish trend continue from here? Gold is up by over 3.5% in April. The last bullish month prior was in December when the commodity gained nearly […]