FOMC maintains strict support citing sharp but uneven recovery – what next for dollar?
The FOMC on Wednesday kept the federal fund rate unchanged at 0-0.25%. Its refusal to taper the current asset purchase values drag the dollar lower and pushed S&P 500 to a fresh record high. Fed went dovish, no taper yet until targets are met The Fed Chair Powell said although the economy is recovering at […]
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 […]
April 23 Forecast: Biden tax hike and covid resurgence pressurizes the market
The equities market is bound to end the week bearish as the US corporate tax hike and rising cases of Covid in Asia dampened risk appetite. The Euro is recovering from the shocking ECB fall on the back of expansive PMI data from the zone. Meanwhile, crypto sell-off continues as major futures deals near expiration. […]
USDCAD Forecast Ahead of BoC Monetary Policy Reports
All eyes will be on the Bank of Canada today as the market expects the country’s interest rate unchanged at 0.25%. Will the bank cut down its bond purchases or wait again? The Canadian Dollar is plummeting against other major currencies in April. Even against the weak dollar, CAD is down so far in April […]
GBPUSD Forecast – Will the Bank of England hike the Pound or unsettle it?
The Cable is approaching the 1.4 psychological level ahead of the BoE monetary policy statements. Will there be a flash dip below the critical level or the pair will be supported enough to fly above it? A dovish/less-hawkish-than-expected Fed on Wednesday opened the ground for the dollar bears. the index slumped to 91.3 before a […]
The Week Ahead (March 8-12) – US Inflation, CAD Employment, ECB and BoC
It’s a fresh week in the market. Investors were shocked last week as risk-off returned on the ground of the Fed and its peers playing down on inflation. The positive impact of the Covid vaccine has led to the re-opening of economies. This, in turn, has produced better than anticipated economic data which are proofs […]
Dollar Index Technical Forecast – who is leading the dollar race?
After a two-day resurgence, the dollar is retreating on Thursday ahead of the New York session. The market mood this week is back in support of the safe-havens as the stock markets stay on the back foot. Earlier in the week, concerns about a new strain of the virus disrupted the bullish risk tone the […]
January 26 Markep Update: Dollar rebound on renewed risk aversion
The dollar extended gains across its FX peers on Monday as the EUR was hauled further to the downside. Disappointing Covid-19 report in Europe sparked risk aversion across asset classes. January 25 recap ahead of London Risk aversion is dominating the markets early in the week. The dollar index is building on the 90 support […]
Market Update: Risk appetite is back overnight as dollar falls under pressure
Safe-haven instruments are pressured overnight and have extended that into the London session as risk appetite returned. On Monday, the market was quiet following the closure of banks in the US to observe the MLK day. Last week, the market turned down risks and thus supported rallies for safe-havens like the Dollar, Yen and Swissy […]
The Week ahead in the market – end of correction or deeper dip?
Safe-havens gained last week as the market priced in President-elect Biden’s fresh fiscal package ahead of the January 20 inauguration. This week is set to be buzzed with many high-impact events from geopolitical to economic. Will risk-off prevail again or the markets will be back on top? Minor corrective dips were seen across the riskier […]