The Week Ahead as attention shifts from Omicron to the Banks
This week, the market will focus on the high-impact economic events after rebounding from the Omicron fears last week. Central Banks in the US, Euro-zone, Britain and Switzerland will announce their last monetary policies of the year. Aside from the bank statements, investors will also watch out for inflation reports in the UK and Canada […]
The Week Ahead – Risk-off persists ahead of Fresh Macros and Omicron Development
The US Job report was mixed at the end of the last week thus forcing a whipsaw on the price of the global reserve currency. In the end, the risk-off sentiment persisted. However, there are minor countermoves across the major asset classes at the start of the new week. Later in the week, traders will […]
Daily Update and Forecast – Post-FOMC, BoE and OPEC in focus
Wednesday FOMC statement included a $15 billion monthly cut from its current quantitative easing programs starting this month. Nothing out of the ordinary was noticed. Coming up today is its counterpart in the UK and of course, the OPEC+ meeting. What did FOMC conclude? On Wednesday, the Fed Reserve was hawkish about the US economy […]
January 4 Market Report – Major risk drivers and headlines
In the first trading week of the year, the market started in a positive mood, further setting the Dollar and safe-havens backward. Wallstreet hit fresh record highs. Meanwhile, Ethereum, Bitcoin, and the Crypto market continue to steal the spotlight. Major Risk Drivers Covid & Vaccines The virus continues to spread quickly in 2021. The new […]
Gold bearish onslaught – how much lower should we expect?
Gold has fallen over 11% since August as the world fights back against the ravaging virus. With yesterday’s break below 1845, the yellow metal is set to plunge further. The recent vaccine development is taking attention away from Gold as a safe-haven instrument. Investors are confident that the pandemic virus will be maintained and economies […]
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 […]