Daily Market Themes, Analysis and Forecast – April 14 Update
The dollar index was tamed beneath 92 as the US bond yield resumed the downwards correction. Gold jumped back to the 1740-1750 region to absorb the retreat that started late last week. US stock indices reached fresh record highs. Highlights today include speeches from ECB President Largade and some members of the FOMC including Chairman […]
Amid Rising Inflation Expectation, what is next for Gold and Dollar?
Early in the London session on Tuesday, the dollar shed some of the Asian market profits as the general market sentiment focuses on inflation expectation in the US. Meanwhile, the US stock market jumped to fresh highs as Gold plummets to its lowest in nearly one week. However, US bond yield broke out of a […]
Daily market themes, analysis and forecast – March 23 update
The markets have been having moderate volatilities this week so far as sentiment gears toward risk-off. Negative risk sentiment resumed on Tuesday to further pressurize equities and lift the dollar. The US stock market had a significant resurgence on Monday although has dropped a bit earlier today. In the Chinese market, losses are far bigger […]
GBPUSD Forecast – Will the Bank of England hike the Pound or unsettle it?
The Cable is approaching the 1.4 psychological level ahead of the BoE monetary policy statements. Will there be a flash dip below the critical level or the pair will be supported enough to fly above it? A dovish/less-hawkish-than-expected Fed on Wednesday opened the ground for the dollar bears. the index slumped to 91.3 before a […]
Market Analysis ahead of FOMC- EURUSD and DXY technical forecast
All eyes will on the US Fed on Wednesday as market participants try to decipher how near a rate hike can be. The dollar index is running back toward 92 ahead of the New York session. The Fed is expected to keep rates unchanged at the current 0.25%. However, the market is looking into the […]
USDCAD stays range-bound ahead of BoC’s tapering expectation
Canadian dollar sheds profits on Wednesday ahead of the Bank of Canada monetary policy meeting. The bank is expected to keep rates unchanged at 0.25% as well as cutting down its quantitative easing program. The Canadian dollar restored dominance over its peers in March, rising most against the Euro and Yen. EURCAD dropped over 400 […]
The Week Ahead (March 8-12) – US Inflation, CAD Employment, ECB and BoC
It’s a fresh week in the market. Investors were shocked last week as risk-off returned on the ground of the Fed and its peers playing down on inflation. The positive impact of the Covid vaccine has led to the re-opening of economies. This, in turn, has produced better than anticipated economic data which are proofs […]
Market Analysis: Will the NFP pressure the dollar inside the corrective channel?
The Fed Chair ignited another frenzy run in the markets on Thursday as the dollar hits a fresh YTD high. Later today, the employment data release would ensure traders have no time to decompress from Thursday’s massive moves. It’s just what was expected at the start of the week regarding volatility. The US chief central […]
Forex Analysis – How will Pound Sterling react to the UK Budget?
On Wednesday, the UK Chancellor of the Exchequer (Finance Minister) will reveal the country’s latest budget. Traders and investors, among many other things, would like to check a likely tax hike, especially for corporations and big investments. The UK’s debt profile has surged since the pandemic, as so for other countries. The government is indebted […]
Analysis and Forecast of Major Instruments – March 2 Update
The bid for safe-havens was firm in the early hours of the London session on Tuesday as market mood worsens. The dollar has rallied to its highest price in a month. Meanwhile, the RBA has maintained 10 basis point rate decisions ahead of Wednesday’s GDP data. The market sentiment support risk-off in the early days […]