The week ahead as Vaccine progress boosts Investors’ confidence

The US dollar index is close to making a fresh February low as investors eye riskier instruments. Light macros and holidays in the US and China might reduce the momentum early in the week. Therefore, risk sentiment will remain the core market drivers.  The dollar remains pressured close to 90.3 and might break below 90.25 […]

Daily Forex Technical Forecast – Will the Dollar plunge lower on risk appetite?

Risk-on flow dominates the market this week. Safe havens like the dollar are severely beaten while equities and commodities maintain an upbeat mood. Let’s take a look at the technical forecast of the dollar and the major FX pairs. Will the dollar drag lower? The dollar resumed the long-term bearish trend on Friday and has […]

The week ahead – mixed risk tone starting a potentially volatile week

The week started very active with big bearish openings across risk assets. However, the Asian session is leading a cautiously positive recovery. Heading into the London session, safe havens are pressured after being supported by last week’s beating of the stock markets. S&P 500 is recovering over half of Friday’s dip – up by over […]

Markets ending on risk-aversion amid Senate hearing on GameStop

The dollar recovers the overnight losses as it continues to dominate its peers. The week is about to end on risk aversion as the stock market struggles after the biggest dump since October.  The rebound on wall street is quickly fading as the dollar regains the lead overnight. EURUSD is back at the 1.21 critical […]

FOMC Wednesday: How will the dollar react across the major FX?

The market continues to swing its mood almost on a daily basis this week. The dollar is reclaiming some ground on Wednesday a few hours before New York as participants await the FOMC.  Just as we expected at the start of the week, the sentiments driving the market prior to FOMC are not consistent enough […]

January 26 Markep Update: Dollar rebound on renewed risk aversion

The dollar extended gains across its FX peers on Monday as the EUR was hauled further to the downside. Disappointing Covid-19 report in Europe sparked risk aversion across asset classes.  January 25 recap ahead of London Risk aversion is dominating the markets early in the week. The dollar index is building on the 90 support […]

The Week Ahead – Will the Dollar fight back in the FOMC week?

It’s the fourth trading week of the year and it seems the gap between the positive and negative market sentiments is widening. Last week was mixed, with the first half showing signs of growing optimism until the latter half choked the market to shed some of these wins. The bull-bear battle is getting more intense […]

January 22 market update – session wrap and sentiment analysis

Risk appetite slows down in the last days of the week as markets rethink the impact of the stimulus. Central banks maintain the status quo in their monetary policy meetings with hawkish tones. What are the core points of the week and risk drivers going forward? Market Wrap FX After plummeting across all the sessions […]

January 20 Update: Markets take cautious approach ahead of Biden, BoC and BoJ

Ahead of the Presidential inauguration in the US, the general market mood remains upbeat. Investors and traders look forward to more hawkish statements from Biden to accelerate the upside moves. The market maintains a positive outlook albeit slowly and cautiously as it looks for more clues from the about-to-be-official President Biden. After shedding some profit […]

Market Update: Risk appetite is back overnight as dollar falls under pressure

Safe-haven instruments are pressured overnight and have extended that into the London session as risk appetite returned.  On Monday, the market was quiet following the closure of banks in the US to observe the MLK day. Last week, the market turned down risks and thus supported rallies for safe-havens like the Dollar, Yen and Swissy […]