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 […]
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 […]
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 […]
Daily Market Update – December 4 European Session
Bid for safe-haven currencies fell this week thus causing plunging dollar and yen. The US stock markets hit a fresh high as well as Bitcoin. Meanwhile, Brexit deal talks will continue on Monday. Covid vaccination is expected to start in the UK and US in December as death tolls hit 1.5 million. Here is the […]
December 3 Market Updates and Forecasts – Risk drivers, Stocks, DXY & Gold
Risk sentiment headlines are mixed on Thursday as traders weigh on which (hopes or concerns) would have a bigger impact on the market. Market is driven by vaccine and stimulus hopes amid rising Covid cases On the fore-front of risk aversion is the rising global Covid cases. Lockdowns are therefore extended in France, Germany, and […]
Dollar plummets to 30-month low as risk appetite improves
The dollar is back on the back foot this week as the dollar plummets to 30 months low. Further decline is very much likely to 90 as the current risk-on pushed stocks to fresh highs. Risk appetite has improved in the last quarter of the year. Although rising Covid cases is capable of inflicting global […]
Vaccine and Brexit Optimisms drive Sterling to two months high
The Pound Sterling surged in the early hours of the London session with hopes that the Brexit deal will go through. GBPUSD hit a fresh two-month high on Monday. Three core events can be said to be responsible for the sudden rally. Reports that the UK could approve a coronavirus vaccination, better than expected Markit […]
Market Updates: Commodities react to Covid while USD plunges ahead of NFP
Last week, dollar ended its best run since April as pressure builds from Covid-19 resurgence and the upcoming US presidential election. The greenback remains under pressure early on Tuesday as it lacked the momentum to push above a critical resistance zone. Covid-19 Second Wave Covid-19 second wave remains a major risk concern as deaths globally […]