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 […]

Markets panic on new Covid strain as Congress agreed on fresh aid

The market mood went south on Monday as the latest Covid development from the UK threatens to ruin Christmas celebrations. Flights to and from the UK are now isolated. The dollar is gaining against its peers as funds flow into safe-havens. Meanwhile, US lawmakers have reached a $900 billion deal for stimulus. Looking ahead in […]

Brexit Forecast: GBPUSD technical and fundamental outlook

GBP pairs are pushing higher on Wednesday ahead of an important Brexit summit in the evening. The two parties are yet to reach a compromise on the issues that continue to drag down negotiations. GBP is very much subject to the Brexit risks. The currency moves with Brexit headlines, positive and negative alike. As the […]

Daily Market Update – December 7 European Session and the week ahead

Another bearish onslaught on the Pound Sterling across the board as Brexit hits a rock. The dollar is recovering as the week starts on risk-off. Meanwhile, traders and investors’ concern on US-China relations will increase although much of the spotlight will be on Brexit, ECB and BoC this week. Vaccines roll-out to begin this week. […]

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 […]

Weekly Update: Covid-19 threats, US Politics & Brexit dominate market headlines

Mixed reactions in the markets last week as stocks surrendered vaccines advantage. It was a very volatile Monday when Pfizer released a report that its Covid vaccine is 90% efficient in preventing contagion. Risk-on was massive as S&P 500 roared to a fresh high while Gold, Yen, and Swiss Franc tanked like they’ve never done […]

US Election, Macroeconomics & Brexit – this week’s major Market Drivers

At the start of this week, the dollar continued the last week bullish moves across the FX board. Risk-off dragged the Aussie, NZD, and CAD further downside while Gold stays stable. Oil prices and the stock markets remain on the back foot with all eyes remain on the US election. Markets might squeeze in anticipation […]