European Session Outlook – Risk-on sentiment retreats ahead of ECB
Ahead of the ECB later today, the risk-on sentiment is retreating this week albeit in a corrective manner. Thus, the return to risk-on might happen before the end of the week. S&P 500 is down by 40 points but currently rejecting further push below 4500. In the bond market, the US 10-Yr is retreating today […]
The Week Ahead (September 6-10) – RBA, BoC, ECB and Canadian employment reports
It’s the week of the banks and the market is expected to be volatile. Monetary policies from the central banks of the Eurozone, Australia and Canada will dominate the headlines at some points this week. However, it remains to be seen whether there will be a change in the general risk sentiment. Last week was […]
July 23 Market Update – Dollar struggles, European FX gain ahead of PMIs
The dollar is recovering from the Asian session dip as the safe-havens continue the recovery from Wednesday’s sell-off. Overall, the week has been mixed. Equities Equities in the US are on the back of the third consecutive profitable day – recovering sharply from Monday’s massive sell-off when delta covid cases and deaths shocked the market. […]
Mid-Week Market Report – Dollar Staging Recovery as Gold pressures
After a sluggish start to the week due to Monday’s bank holidays in the US and UK, the markets are back with support for safe-haven instruments. Equities are pressured on Tuesday and early on Wednesday while the dollar escapes the bear’s net although temporarily so far. Markets’ moves in recent days remain indecisive as positive […]
The Week Ahead – Fed Chair and RBNZ to spark a loaded week
The United States will release its Q4 GDP second estimate together with some other fundamentals this week. Meanwhile, currency traders could be more interested in Fed Chair Powell’s testimonies and the RBNZ monetary policy. Aside from the fundamentals, the risk drivers remain vaccine developments, stimulus and the expected global economic rebound. Last Week Recap It […]
January 20 Update: Markets take cautious approach ahead of Biden, BoC and BoJ
Ahead of the Presidential inauguration in the US, the general market mood remains upbeat. Investors and traders look forward to more hawkish statements from Biden to accelerate the upside moves. The market maintains a positive outlook albeit slowly and cautiously as it looks for more clues from the about-to-be-official President Biden. After shedding some profit […]
The Week Ahead in the Forex Market – what traders need to know
Pessimism dominated the market this week as stock prices fell. US Wallstreet has dropped by 3% before the London session opened on Friday. However, the lower risk appetite has driven the dollar to significant bounce across the board this week. The greenback is up 0.8%. However, rallies seem to have stalled by the negative unemployment […]