The Week Ahead Report – Central Banks, US and Canada Job Reports Dominate Headlines
The new week is starting on a bright note for risk assets after last week’s impressive moves, especially on the equities. The dollar, on the other hand, ended brightly after an initial slump. Market participants will continue to look forward to the upcoming data, policymakers’ decisions and more importantly the price action from the consensus […]
Market Update – RBNZ meets rate hike expectation amid lower risk appetite
The risk-on mood is dampened overnight after Monday’s decent run of appetite. The S&P 500 has dropped over 1% in the last 12 hours. On the other hand, treasury yield and the dollar rebounded. The DXY is back above the 94 key level thus pressuring commodities. Gold is back at 1750 to continue the sideways […]
Equities and Commoities recovering from Covid as Dollar maintains FX lead
The safe-haven FX continues to lead the race this week as investors take cover from fresh Covid concerns. The market continues to take a clue from the development around the virus and the mass reaction both from policymakers and the economies. The US dollar stays on the front foot, supported by a good number of […]
Chinese market plunges, dollar recovers slightly ahead of FOMC
The market ended the Asian session in a mixed mood. The S&P 500 sheds some profit while the dollar is recovering a little of Tuesday’s net loss. Bitcoin returns to $40,000, leading the pace again. The focus will be on the FOMC report coming later today. Chinese market plunged China is feeling the biggest Covid-19 […]
The Week Ahead (July 26-30)- FOMC dominates the headlines
The market opened this week with the dollar shedding some of the last week’s gains. Surprisingly, most of the risk-on instruments are also on the downside especially equities and oil. The FOMC will dominate the headlines this week as the market looks for the next clues. Last Week Wrap The US stock market hit another […]
July 22 Market Update: Risk-on Sentiment Returns Ahead of ECB
Despite Wednesday’s quiet economic calendar, the market was not short of sharp moves as risk instruments fought back to reclaim some of the ground lost since the last week. Led by the Canadian dollar, risk FX stayed upbeat throughout as safe-havens shed gains. FX The dollar index, after reclaiming the 93 key area, plummeted sharply […]
Market Report Today July 15 – What you need to know
Powell’s testimony on Wednesday rescued US equities but pressured the dollar further. Meanwhile, the Bank of Canada’s latest dovish comments dragged down the CAD despite the decision to taper asset purchases. Australia’s latest job data beat expectations. Powell’s testimony continues today. NZD quarterly CPI eyed. Powell pressures the dollar The Chairman of the Federal Reserve […]
Market Report Today July 14- What you need to know
The US Dollar leads the way as it stays firm against other major FX after Tuesday’s higher inflation figures. The Reserve Bank of New Zealand lifted NZD following taper talks. Here is today’s market report and what you need to know as the London session opens. Higher Inflation Figures boost the Dollar On Tuesday, the […]
The Week Ahead (July 5 -9)- Important Market Themes to watch out for
The week is starting with the dollar recovering slightly from Friday’s NFP slump. Although the mixed employment report pressured the greenback, it dominated its peers last week. What is coming ahead in the new week? Last Week Market Highlights The US labor department announced a mixed employment report on Friday. While 850,000 new jobs were […]
US Markets Analysis – DXY, S&P 500 and Treasury Yield Forecast
Thursday’s US inflation report increased investors’ appetite for risk as the call for tapering was doused at least before next week’s FOMC report. The US 10-year treasury yield quickly collapsed to its lowest in three months while Wallstreet turned green. However, the dollar remains indecisive, hovering around a solid range. The world’s largest economy has […]