Mid-Week Market Report – Dollar Staging Recovery as Gold pressures

After a sluggish start to the week due to Monday’s bank holidays in the US and UK, the markets are back with support for safe-haven instruments. Equities are pressured on Tuesday and early on Wednesday while the dollar escapes the bear’s net although temporarily so far.  Markets’ moves in recent days remain indecisive as positive […]

Dollar recovers from the FOMC slump as Sterling and Euro falter

On Friday, the dollar is staging a fast recovery from the FOMC slump. The broad USD strength forced Sterling and Euro downside as the week draws to an end. Meanwhile, the happens despite the loss of momentum on the treasury yield. On Thursday, the FOMC came all dovish and the dollar slumped as a result. […]

Daily Market Themes, Analysis and Forecast – April 14 Update

The dollar index was tamed beneath 92 as the US bond yield resumed the downwards correction. Gold jumped back to the 1740-1750 region to absorb the retreat that started late last week. US stock indices reached fresh record highs. Highlights today include speeches from ECB President Largade and some members of the FOMC including Chairman […]

Daily market themes, analysis and forecast – March 23 update

The markets have been having moderate volatilities this week so far as sentiment gears toward risk-off. Negative risk sentiment resumed on Tuesday to further pressurize equities and lift the dollar. The US stock market had a significant resurgence on Monday although has dropped a bit earlier today. In the Chinese market, losses are far bigger […]

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 […]

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 […]

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 […]