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 […]
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 […]