Mid-Week Forecast – dollar stays firm despite risk-on sentiment
The dollar index edged higher on Tuesday and remains steady to push for a significant recovery ahead of job data on Wednesday and Friday. Aussie growth slower but beat estimates. Meanwhile, oil traders will weigh in on the OPEC+ decision today. What are the major risk drivers traders should watch out for? A mixed sentiment […]
Mid-Week Market Overview and Forecast – BoC, ECB and US Inflation Eyed
The US treasury yield is downbeat in the second week of June as the price pushed below 1.55% and now close to touching 1.5%. Wallstreet indices remain firm while the dollar’s minor bounce couldn’t be sustained. The market awaits the BoC later today to inject some momentum. The equities market is rolling out profits again […]
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 […]
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 […]
Mid-week market forecast: Dollar plunges across the board
It’s the mid-week and the dollar is bleeding against its major peers. The dollar index is down below 90. The downside remains more attractive ahead of the US core-CPI data. The greenback couldn’t sustain last week’s surge that took the DXY to 90.7. It only gained a significant 1.65% – highest since the late October […]
Mid-week technical analysis – USD off to intraday correction
The Dollar Index (DXY) has gained nearly 0.6% this week after falling short in the three weeks prior. The greenback has dragged the major currency pairs along as it sheds some profit on Wednesday leading to a bearish correction. Let’s take a technical look at some of the major pairs for the second half of […]