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 […]

The Week Ahead – Will the Dollar fight back in the FOMC week?

It’s the fourth trading week of the year and it seems the gap between the positive and negative market sentiments is widening. Last week was mixed, with the first half showing signs of growing optimism until the latter half choked the market to shed some of these wins. The bull-bear battle is getting more intense […]

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 […]

Daily Market Update – December 7 European Session and the week ahead

Another bearish onslaught on the Pound Sterling across the board as Brexit hits a rock. The dollar is recovering as the week starts on risk-off. Meanwhile, traders and investors’ concern on US-China relations will increase although much of the spotlight will be on Brexit, ECB and BoC this week. Vaccines roll-out to begin this week. […]

The Week ahead in the FX market – US election and other news

Risk aversion dominated the market last week ahead of Tuesday’s election in the United States. Global stock indices plunged as the dollar got the necessary lift across the FX board. Covid19 situations worsen in the US and Europe. Restrictions meant closure of some business activities and thus, could lower the economic growth forecast for the […]