Market Weekly Outlook (April 26-30) – BoJ, Fed and US GDP in sight

The dollar index closed the last week below 91 to complete three consecutive weeks of losses. The S&P 500, on the other hand, recovered swiftly. Earnings reports, FOMC and US GDP reports are expected to steal the spotlight this week.  Market Wrap The Dollar The dollar opened this week bearish after last week’s low confirmed […]

April 23 Forecast: Biden tax hike and covid resurgence pressurizes the market

The equities market is bound to end the week bearish as the US corporate tax hike and rising cases of Covid in Asia dampened risk appetite. The Euro is recovering from the shocking ECB fall on the back of expansive PMI data from the zone. Meanwhile, crypto sell-off continues as major futures deals near expiration.  […]

USDCAD Forecast Ahead of BoC Monetary Policy Reports

All eyes will be on the Bank of Canada today as the market expects the country’s interest rate unchanged at 0.25%. Will the bank cut down its bond purchases or wait again? The Canadian Dollar is plummeting against other major currencies in April. Even against the weak dollar, CAD is down so far in April […]

The Week Ahead, April 19-23 – Vaccines, BoC and ECB

The market is starting the week in a mixed mood but generally, the risk appetite is still intact. Earnings seasons continue this week as the market watch for fresh clues from the ECB and BoC. Market Recap The US-10 yr bond yield’s retracement to 1.6% on Friday is becoming short-lived again. Early on Monday, the […]

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 […]

Amid Rising Inflation Expectation, what is next for Gold and Dollar?

Early in the London session on Tuesday, the dollar shed some of the Asian market profits as the general market sentiment focuses on inflation expectation in the US. Meanwhile, the US stock market jumped to fresh highs as Gold plummets to its lowest in nearly one week. However, US bond yield broke out of a […]

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 […]

Market Analysis ahead of FOMC- EURUSD and DXY technical forecast

All eyes will on the US Fed on Wednesday as market participants try to decipher how near a rate hike can be. The dollar index is running back toward 92 ahead of the New York session.  The Fed is expected to keep rates unchanged at the current 0.25%. However, the market is looking into the […]

USDCAD stays range-bound ahead of BoC’s tapering expectation

Canadian dollar sheds profits on Wednesday ahead of the Bank of Canada monetary policy meeting. The bank is expected to keep rates unchanged at 0.25% as well as cutting down its quantitative easing program. The Canadian dollar restored dominance over its peers in March, rising most against the Euro and Yen. EURCAD dropped over 400 […]

The Week Ahead (March 8-12) – US Inflation, CAD Employment, ECB and BoC

It’s a fresh week in the market. Investors were shocked last week as risk-off returned on the ground of the Fed and its peers playing down on inflation. The positive impact of the Covid vaccine has led to the re-opening of economies. This, in turn, has produced better than anticipated economic data which are proofs […]