Weekly Market Outlook – USD adds to gain, Crypto shed profits

The new week started with profit shedding as the general market mood fell. The stock markets are shedding profit, thus, dragging riskier FX along. Metals are on the bounce while the oil market started the week on the downside. The dollar ended last week bullish despite a poor December US job data. Bitcoin with other […]

Daily Forecast- Technical Analysis of Major FX Pairs Ahead of NFP

The dollar resumed gains on Friday against other major currencies ahead of the first NFP data of the year. Let’s look at what the charts are printing ahead of the important event. Spotlight will be on the US’s first employment data of the year on Friday. Meanwhile, the dollar has been active early in 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 […]

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 […]

Market Update – The impact of a weak dollar on major instruments

The bulls won last week in the equities market despite the uncertainties concerning the US extra stimulus package. The dollar was on the backfoot against its peers. Thus, the greenback has maintained an inverse correlation with the stock market. Gold bid is maintained despite perceived risk aversion while Oil prices shed some gain. Over the […]

Market Updates: Commodities react to Covid while USD plunges ahead of NFP

Last week, dollar ended its best run since April as pressure builds from Covid-19 resurgence and the upcoming US presidential election. The greenback remains under pressure early on Tuesday as it lacked the momentum to push above a critical resistance zone. Covid-19 Second Wave Covid-19 second wave remains a major risk concern as deaths globally […]

Daily Market Analysis: near zero Fed rates plan supports the Dollar

The dollar jumped by 0.7% on Wednesday after the US Federal Reserve concluded its two-day monetary policy meeting with major focus on keeping the interest rate near zero until 2023. Here is today’s daily market analysis The US Central Bank is unrelenting in its effort to support its economy following the Coronavirus hit. After injecting […]

Daily market update – what next for the dollar?

The dollar weakens further on Tuesday as traders await the next action from the Fed amid swift economic recoveries despite rising global Covid-19 cases. The US-Sino affairs run mildly underneath while political tensions surge in the US ahead of the November general elections in the world’s biggest economy. EURUSD hits a fresh weekly high and […]