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 […]

Market Update as Investors’ focus shifts to US CPI and ECB

The dollar reacted with a shocking rally on Wednesday despite the continued pressure on the treasury yield. Market mood mid-week thus supported risk-off assets as investors and traders look forward to the ECB monetary minutes and the US CPI data later in the day. The dollar index surged to 90.15 on Wednesday and continued the […]

NFP Preview and Forecast – How US Jobs could influence Major FX

The US Bureau of Labour Statistics will release the May job reports later today. Meanwhile, the dollar has been in a bright mood after some encouraging data on Thursday prior to today’s event.  Employment reports in Canada are expected at the same time. So, it’s expected to be another volatile day in the Forex market. […]