NFP Preview and Forecast – How US Jobs could influence Major FX
The US Bureau of Labour Statistics will release the May job reports later today. Meanwhile, the dollar has been in a bright mood after some encouraging data on Thursday prior to today’s event. Employment reports in Canada are expected at the same time. So, it’s expected to be another volatile day in the Forex market. […]
Mid-Week Market Report – Dollar Staging Recovery as Gold pressures
After a sluggish start to the week due to Monday’s bank holidays in the US and UK, the markets are back with support for safe-haven instruments. Equities are pressured on Tuesday and early on Wednesday while the dollar escapes the bear’s net although temporarily so far. Markets’ moves in recent days remain indecisive as positive […]
Gold Forecast: Treasury Yield rebound might pressure the yellow metal
The US 10-year bond yield is set to recover from the slumps of the last two weeks. However, this might pressure the high-flying Gold to a much expected bearish correction. The yield collapsed to 1.55% about a week ago after some Fed officials reiterated that inflation would adjust with the economic adjustment. The dip came […]
The Week Ahead (May 31-June 4)- Important Market Themes to watch out for
The market ended last week with support for many of the major FX as domestic data improved in response to the surge in economic activities. This week will be loaded with high-impact data including bank statements and the US NFP on Friday. What are the things you need to know? Last Week Recap Policymakers continue […]
End of week market updates – currencies supported by banks’ tapering headlines
Most of the major currencies have been on the rise this week as the general economic indicators support growth which could push central banks to tighten their very loose policies. The dollar index remains firm above 90 while the Loonie, Sterling and Kiwi are close to closing the week upbeat. Equities In the equities market, […]
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 […]