The Week Ahead (September 13-17) – Inflation, NZD GDP and Aussie Jobs eyed

It’s a new trading week with no shortage of high-impact economic events. The market will look forward to inflation reports in the US, Canada and Britain. Retail sales in the US, employment reports in Australia and RBA Governor’s speech will be eyed too. Also, the overall risk sentiment will be watched. There was a big […]

End of week analysis: Risk-off eases as the dollar plummets sharply

The week-long risk-off sentiment is easing on Friday as high-beta instruments cut down some of the week’s losses. The dollar is back on the backfoot as the index broke below 92.5. Equities rally today. S&P 500 is up 21 points after coming very close to retesting 4486. While there are indications that the stock index […]

European Session Outlook – Risk-on sentiment retreats ahead of ECB

Ahead of the ECB later today, the risk-on sentiment is retreating this week albeit in a corrective manner. Thus, the return to risk-on might happen before the end of the week.  S&P 500 is down by 40 points but currently rejecting further push below 4500. In the bond market, the US 10-Yr is retreating today […]

Mid-Week Forecast – dollar stays firm despite risk-on sentiment

The dollar index edged higher on Tuesday and remains steady to push for a significant recovery ahead of job data on Wednesday and Friday. Aussie growth slower but beat estimates. Meanwhile, oil traders will weigh in on the OPEC+ decision today. What are the major risk drivers traders should watch out for? A mixed sentiment […]

The Week Ahead – Powell pressures the dollar ahead of NFP

The dollar was pressured on Friday as Fed Chair Powell delivered dovish tapering statements. The Jackson Hole symposium thus supported last week’s risk-on sentiment and is expected to continue this week. However, traders should watch for the OPEC+ meeting mid-week and Friday’s US employment reports.  The dollar index rejected further push above 93, finding resistance […]

The Week Ahead – Jackson Hole steal the spotlight amid Covid fourth wave

The market relaxes on the vast risk aversion that dominated the last week ahead of Friday’s Jackson Hole’s symposium. What are the major events and risk drivers as we head into a new week? It’s been a better market mood as a fresh week begins with a higher risk appetite in the Asian session. Investors […]

US CPI Preview – how inflation report could drive the Dollar and EURUSD

The dollar stays firm ahead of the US inflation reports coming later today. The index is close to breaking toward its highest level in over four months. However, the rally is squeezing around a key resistance level.  The dollar continues to dominate its peers, gaining the edge from the recent tapering comments from Fed members. […]

Technical Analysis: Oil falls below major resistance, how deep could it go?

So far in August, WTI has shed over 7% after hitting a strong resistance level around $77. How further downside should traders expect? It’s a popular fact that the world runs on energy thus the black commodity (oil) reflects the global economic growth. Since Covid, we have seen a new face of the oil market. […]

Equities and Commoities recovering from Covid as Dollar maintains FX lead

The safe-haven FX continues to lead the race this week as investors take cover from fresh Covid concerns. The market continues to take a clue from the development around the virus and the mass reaction both from policymakers and the economies.  The US dollar stays on the front foot, supported by a good number of […]