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 […]
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 […]