Market Analysis: Will the NFP pressure the dollar inside the corrective channel?

The Fed Chair ignited another frenzy run in the markets on Thursday as the dollar hits a fresh YTD high. Later today, the employment data release would ensure traders have no time to decompress from Thursday’s massive moves. It’s just what was expected at the start of the week regarding volatility. The US chief central […]

Forex Analysis – How will Pound Sterling react to the UK Budget?

On Wednesday, the UK Chancellor of the Exchequer (Finance Minister) will reveal the country’s latest budget. Traders and investors, among many other things, would like to check a likely tax hike, especially for corporations and big investments. The UK’s debt profile has surged since the pandemic, as so for other countries. The government is indebted […]

The Week Ahead (March 1-6) – spotlight on NFP, RBA and Stimulus

A fresh week is starting in the financial market. Traders and investors will expect as much volatility as was seen last week. Ahead of the US employment data, will the dollar add to gains? The market will not be void of big moves this week. The US is expected to push the 1.9 trillion pandemic […]

Cryptos shed $200 billion as Investors book profit – what next for Bitcoin?

In the last 24 hours, the cryptocurrency market has shed over $200 billion in capitalization. Bitcoin price shed over 20% from the new all-time high. Binance Coin jumped to the 3rd most-capped thus displacing Ripple which has fallen out of favour in the current bullish trend. Government Stimulus, QEs and Institutional Adoptions trigger a massive […]

The Week Ahead – Fed Chair and RBNZ to spark a loaded week

The United States will release its Q4 GDP second estimate together with some other fundamentals this week. Meanwhile, currency traders could be more interested in Fed Chair Powell’s testimonies and the RBNZ monetary policy. Aside from the fundamentals, the risk drivers remain vaccine developments, stimulus and the expected global economic rebound.  Last Week Recap It […]

The week ahead as Vaccine progress boosts Investors’ confidence

The US dollar index is close to making a fresh February low as investors eye riskier instruments. Light macros and holidays in the US and China might reduce the momentum early in the week. Therefore, risk sentiment will remain the core market drivers.  The dollar remains pressured close to 90.3 and might break below 90.25 […]

The week ahead – mixed risk tone starting a potentially volatile week

The week started very active with big bearish openings across risk assets. However, the Asian session is leading a cautiously positive recovery. Heading into the London session, safe havens are pressured after being supported by last week’s beating of the stock markets. S&P 500 is recovering over half of Friday’s dip – up by over […]

Markets ending on risk-aversion amid Senate hearing on GameStop

The dollar recovers the overnight losses as it continues to dominate its peers. The week is about to end on risk aversion as the stock market struggles after the biggest dump since October.  The rebound on wall street is quickly fading as the dollar regains the lead overnight. EURUSD is back at the 1.21 critical […]

FOMC Wednesday: How will the dollar react across the major FX?

The market continues to swing its mood almost on a daily basis this week. The dollar is reclaiming some ground on Wednesday a few hours before New York as participants await the FOMC.  Just as we expected at the start of the week, the sentiments driving the market prior to FOMC are not consistent enough […]

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 […]