Market Update – RBNZ meets rate hike expectation amid lower risk appetite
The risk-on mood is dampened overnight after Monday’s decent run of appetite. The S&P 500 has dropped over 1% in the last 12 hours. On the other hand, treasury yield and the dollar rebounded. The DXY is back above the 94 key level thus pressuring commodities. Gold is back at 1750 to continue the sideways […]
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 […]
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 […]
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 […]
Chinese market plunges, dollar recovers slightly ahead of FOMC
The market ended the Asian session in a mixed mood. The S&P 500 sheds some profit while the dollar is recovering a little of Tuesday’s net loss. Bitcoin returns to $40,000, leading the pace again. The focus will be on the FOMC report coming later today. Chinese market plunged China is feeling the biggest Covid-19 […]
July 23 Market Update – Dollar struggles, European FX gain ahead of PMIs
The dollar is recovering from the Asian session dip as the safe-havens continue the recovery from Wednesday’s sell-off. Overall, the week has been mixed. Equities Equities in the US are on the back of the third consecutive profitable day – recovering sharply from Monday’s massive sell-off when delta covid cases and deaths shocked the market. […]
July 22 Market Update: Risk-on Sentiment Returns Ahead of ECB
Despite Wednesday’s quiet economic calendar, the market was not short of sharp moves as risk instruments fought back to reclaim some of the ground lost since the last week. Led by the Canadian dollar, risk FX stayed upbeat throughout as safe-havens shed gains. FX The dollar index, after reclaiming the 93 key area, plummeted sharply […]
Market Report Today July 15 – What you need to know
Powell’s testimony on Wednesday rescued US equities but pressured the dollar further. Meanwhile, the Bank of Canada’s latest dovish comments dragged down the CAD despite the decision to taper asset purchases. Australia’s latest job data beat expectations. Powell’s testimony continues today. NZD quarterly CPI eyed. Powell pressures the dollar The Chairman of the Federal Reserve […]
Market Report Today July 14- What you need to know
The US Dollar leads the way as it stays firm against other major FX after Tuesday’s higher inflation figures. The Reserve Bank of New Zealand lifted NZD following taper talks. Here is today’s market report and what you need to know as the London session opens. Higher Inflation Figures boost the Dollar On Tuesday, the […]
Market Update as Investors’ focus shifts to US CPI and ECB
The dollar reacted with a shocking rally on Wednesday despite the continued pressure on the treasury yield. Market mood mid-week thus supported risk-off assets as investors and traders look forward to the ECB monetary minutes and the US CPI data later in the day. The dollar index surged to 90.15 on Wednesday and continued the […]