FOMC Preview and USD Analysis- Will the Fed quicken the dollar rise with a big taper?
It’s a big day for the US markets. It’s a big day for the dollar. The US monetary policymakers will reveal the pace of their asset tapering, the current status of inflation and when it could start hiking rates. Meanwhile, the dollar remains upbeat as the index stays firm above 94. During and after the […]
The Week Ahead – Powell pressures the dollar ahead of NFP
The dollar was pressured on Friday as Fed Chair Powell delivered dovish tapering statements. The Jackson Hole symposium thus supported last week’s risk-on sentiment and is expected to continue this week. However, traders should watch for the OPEC+ meeting mid-week and Friday’s US employment reports. The dollar index rejected further push above 93, finding resistance […]
Market Forecast: GBPCHF squeezed in a bearish triangle at 1.27
The bears will likely drag GBPCHF further downside as post-brexit deal uncertainty pressure the Sterling. Also, bid for safe havens might intensify in the coming days. GBPCHF was dragged to the 1.27 psychological level on Wednesday after staying around it since the start of the week. A recovering sterling and the recent strength in the […]
Market Analysis ahead of FOMC- EURUSD and DXY technical forecast
All eyes will on the US Fed on Wednesday as market participants try to decipher how near a rate hike can be. The dollar index is running back toward 92 ahead of the New York session. The Fed is expected to keep rates unchanged at the current 0.25%. However, the market is looking into the […]
Market Analysis: Will the NFP pressure the dollar inside the corrective channel?
The Fed Chair ignited another frenzy run in the markets on Thursday as the dollar hits a fresh YTD high. Later today, the employment data release would ensure traders have no time to decompress from Thursday’s massive moves. It’s just what was expected at the start of the week regarding volatility. The US chief central […]
Forex Analysis – How will Pound Sterling react to the UK Budget?
On Wednesday, the UK Chancellor of the Exchequer (Finance Minister) will reveal the country’s latest budget. Traders and investors, among many other things, would like to check a likely tax hike, especially for corporations and big investments. The UK’s debt profile has surged since the pandemic, as so for other countries. The government is indebted […]
Analysis and Forecast of Major Instruments – March 2 Update
The bid for safe-havens was firm in the early hours of the London session on Tuesday as market mood worsens. The dollar has rallied to its highest price in a month. Meanwhile, the RBA has maintained 10 basis point rate decisions ahead of Wednesday’s GDP data. The market sentiment support risk-off in the early days […]
Cryptos shed $200 billion as Investors book profit – what next for Bitcoin?
In the last 24 hours, the cryptocurrency market has shed over $200 billion in capitalization. Bitcoin price shed over 20% from the new all-time high. Binance Coin jumped to the 3rd most-capped thus displacing Ripple which has fallen out of favour in the current bullish trend. Government Stimulus, QEs and Institutional Adoptions trigger a massive […]
FOMC Wednesday: How will the dollar react across the major FX?
The market continues to swing its mood almost on a daily basis this week. The dollar is reclaiming some ground on Wednesday a few hours before New York as participants await the FOMC. Just as we expected at the start of the week, the sentiments driving the market prior to FOMC are not consistent enough […]
Weekly Update: Covid-19 threats, US Politics & Brexit dominate market headlines
Mixed reactions in the markets last week as stocks surrendered vaccines advantage. It was a very volatile Monday when Pfizer released a report that its Covid vaccine is 90% efficient in preventing contagion. Risk-on was massive as S&P 500 roared to a fresh high while Gold, Yen, and Swiss Franc tanked like they’ve never done […]