Daily market highlight & risk drivers – January 18 Pre-New York Session

The greenback maintains firmness at the start of the New York session on Monday. Last week risk-off sentiment gets extended as the buck continues to lead its peers. Stock market struggles as dollar soars on risk-off The dollar index is flying toward 91. Although banks are on holiday in the US to observe Martin Luther […]

The Week ahead in the market – end of correction or deeper dip?

Safe-havens gained last week as the market priced in President-elect Biden’s fresh fiscal package ahead of the January 20 inauguration. This week is set to be buzzed with many high-impact events from geopolitical to economic. Will risk-off prevail again or the markets will be back on top? Minor corrective dips were seen across the riskier […]

January 15 Market Update – Powell and Biden spark a risk-off Friday

Equities fell during the Asian session on Friday while the dollar recovers a significant fraction of the post-Fed Thursday decline. Commodity FX are the biggest losers overnight in the Forex market. President-elect Biden unveiled his $1.9 trillion stimulus plan which includes $2,000 stimulus payments. The market will look forward to the US retail sales data […]

Will Risk-on persist? What next for Wallstreet & Riskier FX?

Market risk tone this week has maintained positivity ahead of President Biden’s fiscal policy revelation. It seems stocks will climb higher thus dragging risk-on FX like AUD, NZD and CAD along with them. Is risk drifting away from Trump toward Biden? There is a feeling among traders that the market is fast pricing-in more risk […]

Mid-week market forecast: Dollar plunges across the board

It’s the mid-week and the dollar is bleeding against its major peers. The dollar index is down below 90. The downside remains more attractive ahead of the US core-CPI data. The greenback couldn’t sustain last week’s surge that took the DXY to 90.7. It only gained a significant 1.65% – highest since the late October […]

Weekly Market Outlook – USD adds to gain, Crypto shed profits

The new week started with profit shedding as the general market mood fell. The stock markets are shedding profit, thus, dragging riskier FX along. Metals are on the bounce while the oil market started the week on the downside. The dollar ended last week bullish despite a poor December US job data. Bitcoin with other […]

Daily Forecast- Technical Analysis of Major FX Pairs Ahead of NFP

The dollar resumed gains on Friday against other major currencies ahead of the first NFP data of the year. Let’s look at what the charts are printing ahead of the important event. Spotlight will be on the US’s first employment data of the year on Friday. Meanwhile, the dollar has been active early in the […]

Forex Majors Elliott Wave Analysis: January 5 Update

There was a decent volatility on Monday in the Forex market as the dollar gained over its major peers. Risk-off was driven by fears of the new Covid stain spreading amid vaccine administration. We are going to look at the technical analysis of the major FX pairs. Recent developments in the market A new variant […]

January 4 Market Report – Major risk drivers and headlines

In the first trading week of the year, the market started in a positive mood, further setting the Dollar and safe-havens backward. Wallstreet hit fresh record highs. Meanwhile, Ethereum, Bitcoin, and the Crypto market continue to steal the spotlight.  Major Risk Drivers Covid & Vaccines The virus continues to spread quickly in 2021. The new […]

Gold Technical Forecast – Is the bearish phase really out of the picture?

Gold fell sharply on Monday toward the 1845-1850 support zone. Technically, can we say the bullish push from 1760 has signaled the end of the bearish phase? Gold is an interesting asset. Many times, it exhibits a safe-haven nature just like we saw when the pandemic was strong in the first half of the year. […]