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 […]

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. […]

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 […]

The Week ahead in the FX market – US election and other news

Risk aversion dominated the market last week ahead of Tuesday’s election in the United States. Global stock indices plunged as the dollar got the necessary lift across the FX board. Covid19 situations worsen in the US and Europe. Restrictions meant closure of some business activities and thus, could lower the economic growth forecast for the […]

This week in the Forex market – what traders should watch out for

Last week was another volatile one in the financial market. The dollar plummeted across all the major pairs as the stock markets recovered from slumps it had earlier in the week to close bullish. What’s to look out for this week in the forex market? Commodities ended the week bearish with Gold and WTI down […]

The Week Ahead in the Forex Market – what traders need to know

Pessimism dominated the market this week as stock prices fell. US Wallstreet has dropped by 3% before the London session opened on Friday. However, the lower risk appetite has driven the dollar to significant bounce across the board this week. The greenback is up 0.8%. However, rallies seem to have stalled by the negative unemployment […]