Gold Forecast: Treasury Yield rebound might pressure the yellow metal

The US 10-year bond yield is set to recover from the slumps of the last two weeks. However, this might pressure the high-flying Gold to a much expected bearish correction. The yield collapsed to 1.55% about a week ago after some Fed officials reiterated that inflation would adjust with the economic adjustment. The dip came […]

The Week Ahead (May 31-June 4)- Important Market Themes to watch out for

The market ended last week with support for many of the major FX as domestic data improved in response to the surge in economic activities. This week will be loaded with high-impact data including bank statements and the US NFP on Friday. What are the things you need to know? Last Week Recap Policymakers continue […]

The Week Ahead: Dollar jumped as Cryptos bled over the weekend

The new trading week started with the dollar retracing little of Friday’s jump. This coming together with fast recovering equities highlighted the mixed-mood of the market. Meanwhile, Bitcoin and the entire crypto market are yet to stage significant rebounds as investors’ confidence weakens. Last Week Recap The last FOMC minutes and Friday’s better-than-expected PMI resurrected […]

GBPUSD hits 1.42 amid better Job Data and a Plunging Dollar – what next?

GBPUSD hits 1.42 on Tuesday as the dollar continues to wear out. The cable is close to breaking the year’s high at 1.4245. How further high can it go? The support at 1.4 is strong enough to propel the Sterling above 1.42 for the first time in nearly three months. That means GBPUSD has gained […]

Market Weekly Outlook (April 26-30) – BoJ, Fed and US GDP in sight

The dollar index closed the last week below 91 to complete three consecutive weeks of losses. The S&P 500, on the other hand, recovered swiftly. Earnings reports, FOMC and US GDP reports are expected to steal the spotlight this week.  Market Wrap The Dollar The dollar opened this week bearish after last week’s low confirmed […]

The Week Ahead, April 19-23 – Vaccines, BoC and ECB

The market is starting the week in a mixed mood but generally, the risk appetite is still intact. Earnings seasons continue this week as the market watch for fresh clues from the ECB and BoC. Market Recap The US-10 yr bond yield’s retracement to 1.6% on Friday is becoming short-lived again. Early on Monday, the […]

Daily Market Themes, Analysis and Forecast – April 14 Update

The dollar index was tamed beneath 92 as the US bond yield resumed the downwards correction. Gold jumped back to the 1740-1750 region to absorb the retreat that started late last week. US stock indices reached fresh record highs. Highlights today include speeches from ECB President Largade and some members of the FOMC including Chairman […]

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 […]

Daily Analysis: EURUSD retreats ahead of Powell testimony

EURUSD bullish trend remains intact ahead of Fed Chair Powell’s testimony before the US Congress later today. Currently, EURUSD is shedding profit as it’s currently finding minor support at 1.2150. The euro-dollar is primarily being driven by the dollar more than anything else. The inverse correlation between the Dollar Index and EURUSD remains firm. Thus, […]

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 […]