Market Review

26 October 21

The Market data was collected on 26 October 2021 at 10:15, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information. European Stock Futures Higher; UBS 3Q Profit Impresses European stock markets are expected to edge higher Tuesday, helped by strong numbers from Swiss banking giant […]

25 October 21

The Market data was collected on 25 October 2021 at 09:55, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information.   Tesla pulls its new Full Self-Driving beta due to software ‘issues’ U.S. electric car maker Tesla (NASDAQ:TSLA) Inc on Sunday rolled back the latest […]

22 October 21

The Market data was collected on 22nd October 2021 at 10:35 am and might have changed since then. Kindly refer to the listed sources for the most recent and updated information. Oil Down Over Tight U.S. Supply Even as Coal, Gas Prices Ease Oil was down Friday morning in Asia as U.S. supplies continue to […]

21 October 21

The Market data was collected on 21 October 2021 at 11:15, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information.   Tesla Drives in Earnings, Revenue Beat in Q3 Tesla reported Wednesday third-quarter results that topped analyst as higher margins and deliveries boosted performance. Tesla […]

20 October 21

The Market data was collected on 20 October 2021 at 11:15, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information. Netflix Earnings Beat in Q3 on Stronger Subscriber Growth Netflix reported third-quarter results that topped Wall Street estimates, and delivered a stronger outlook, buoyed by […]

19 October 21

The Market data was collected on 19 October 2021 at 09:15, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information. Alibaba unveils custom ARM-based server chip for cloud computing data centerse Chinese tech giant Alibaba (NYSE:BABA) Group Holding Ltd said on Tuesday it has developed […]

18 October 21

The Market data was collected on 18 October 2021 at 09:30, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information. Gold Down, but Caps Losses as U.S. Bond Yields Ease Gold was down on Monday morning in Asia, recouping some losses after a steep sell-off […]

12 October 21

The Market data was collected on 12 October 2021 at 10:15, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information. Oil slips, takes breather after gains driven by global energy crisis Oil prices edged lower on Tuesday, dropping for the first time in four days […]

11 October 21

The Market data was collected on 11 October 2021 at 09:30, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information. Dollar Up, with Fed Plans for Tapering Unaltered by Disappointing U.S. Jobs Report The dollar was up on Monday morning in Asia, hitting a two-and-a-half-year […]

08 October 21

The Market data was collected on 8 October 2021 at 09:30, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information. Gold Down, but Moves Small Ahead of Latest U.S. Jobs Report Gold was down on Friday morning in Asia, but held steady as investors refrained […]

07 October 21

The Market data was collected on 7 October 2021 at 8:00 am, and might have changed since then. Kindly refer to the listed sources for the most recent and updated information. Tesla’s gigafactory electrifies California-Germany culture clash With final approval for its German factory potentially just weeks away, Tesla (NASDAQ:TSLA)’s Elon Musk will make an […]

06 October 21

U.S. oil rises to highest since 2014 amid global energy crunch U.S. oil prices rose for a fifth day on Wednesday to their highest since 2014 amid global concerns about energy supply on signs of tightness in crude, natural gas and coal markets. Brent crude prices also climbed for a fourth day on the supply […]

05 October 21

Facebook blames “faulty configuration change” for nearly six-hour outage Facebook Inc blamed a “faulty configuration change” for a nearly six-hour outage on Monday that prevented the company’s 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger. The company in a late Monday blog post https://engineering.fb.com/2021/10/04/networking-traffic/outage did not […]

04 October 21

Dollar firm, yuan slips as China Evergrande anxiety resurfaces The safe-haven dollar found support just below last week’s peaks on Monday as renewed concerns about China’s property sector and looming U.S. labour data put investors in a cautious mood. The greenback scaled a 14-month high on the euro and a 19-month top on the yen […]

30 September 21

European Stock Futures Higher; U.K. GDP Release Helps European stock markets are expected to open higher Thursday, continuing to stabilize after the sharp losses earlier this week, but doubts about China’s economic expansion remain. At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.7% higher, CAC 40 futures in France climbed […]

29 September 21

Gold Up, but Near Seven-Week Low as U.S. Bond Yields Climb Gold was up on Wednesday morning in Asia, remaining near a seven-week low. A dollar near ten-month highs and rising U.S Treasury yields also applied pressure on the safe-haven asset, with expectations of an earlier-than-expected interest rate hike. Gold futures edged up 0.20% to […]

28 September 21

Asian markets grapple with Evergrande fallout, China power shortages Asian shares were mixed across the region on Tuesday as investors fretted over China Evergrande Group’s debt crisis and a widening power shortage in China. MSCI’s broadest index of Asia-Pacific shares outside Japan was just slightly higher by mid-afternoon after trading in the red following a […]

27 September 21

Yen sinks, Aussie climbs as Evergrande contagion fears recede The safe-haven yen sank to its lowest in nearly three months on Monday, while the risk-sensitive Australian dollar continued to recover from an almost one-month low, as fears of widespread contagion from China Evergrande Group receded. The yen also fell as higher U.S. yields attracted Japanese […]

24 September 21

Amazon launches service aggregating video streaming apps in India Amazon.com Inc launched in India on Friday eight global and local streaming services on its video platform, in a move aimed at boosting subscriptions. The move comes at a time of increasing competition from global and domestic rivals in an important market for the U.S. tech […]

23 September 21

Gold Down as Fed Hints at Faster-Than-Expected Interest Rate Hikes Gold was down on Thursday morning in Asia, with the U.S. Federal Reserve signaling that asset tapering could begin within 2021 and that interest rate hikes could come sooner than expected as well. Gold futures fell 0.80% to $1764.65 by 11:48 PM ET (3:48 AM […]

22 September 21

BlackRock, HSBC among largest buyers of Evergrande debt: Morningstar Fund giant BlackRock (NYSE:BLK) and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc, Morningstar data shows. BlackRock added 31.3 million notes of Evergrande’s debt between January and August 2021, pushing its stake in […]

21 September 21

Asia markets fight for footing as investors fret over Evergrande crisis Asian stocks struggled to shake off contagion fears on Tuesday and selling pressure persisted amid concern that troubles at indebted developer China Evergrande could ripple across the world economy, markets and financial system. Hong Kong’s Hang Seng hit a fresh 11-month low and was […]

20 September 21

European Stock Futures Lower; Caution Over Evergrande’s Woes, Fed Meeting European stock markets are expected to open lower Monday, weighed by sharp losses in Asia amid concerns about the health of property giant China Evergrande Group (HK:3333) and ahead of the week’s crucial Federal Reserve meeting. At 2 AM ET (0600 GMT), the DAX futures […]

17 September 21

Here’s everything Apple just announced at its iPhone 13 event Apple kicked off its fall product event on Tuesday by diving right into lots of product announcements. Here’s what Apple announced: – The new iPad and iPad mini – The Apple Watch Series 7 – The iPhone 13 and iPhone 13 mini – The iPhone […]

16 September 21

Dollar Down, Investors Digest Data and Wait for Fed Taper Clues The dollar was down on Thursday morning in Asia, moving towards the middle of a range that it has stuck to for the past month. Investors now look to the U.S. Federal Reserve’s policy decision, due to be handed down next week, for further […]

15 September 21

Gold Down, but Above $1,800-Mark, Over Fed Taper Uncertainty Gold was down on Wednesday morning in Asia, but remained above the $1,800-mark. Investors digested a weaker-than-expected rise in U.S. inflation that added to uncertainty over the Federal Reserve’s timeline to begin asset tapering. Gold futures edged down 0.14% to $1,804.65 by 12:24 AM ET (4:24 […]

14 September 21

Oil hits 6-week high on fears of U.S. supply disruptions from storm Nicholas Oil prices hit a six-week high on Tuesday on concerns that another storm could affect output in Texas this week even as the U.S. industry struggles to return to normal production levels after Hurricane Ida wreaked havoc on the Gulf Coast. Oil […]

13 September 21

European Stock Futures Mixed; Inflation Data Looms Large European stock markets are expected to open in a subdued fashion Monday, with investors looking for direction following the European Central Bank’s policy decision and ahead of key inflation data. At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.3% higher, the FTSE […]

10 September 21

Dollar Up, But Moves Small as Focus Remains on Fed Tapering Timeline The dollar was up on Friday morning in Asia, rebounding from a selloff triggered by the latest U.S. jobs report. However, investors continue to bet on when the U.S. Federal Reserve will begin asset tapering. The U.S. Dollar Index that tracks the greenback […]

09 September 21

Dollar little changed, euro steady ahead of ECB decision The dollar was supported on Thursday as doubts over the global economy’s strength subdued risk sentiment, while the euro steadied ahead of a European Central Bank policy meeting later in the day that is expected result in a reduction in stimulus. The dollar index remained flat […]

08 September 21

PayPal heats up buy now, pay later race with $2.7 billion Japan deal U.S. payments giant PayPal Holdings Inc (NASDAQ:PYPL) said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry experiencing a pandemic-led boom. The […]

07 September 21

Dollar finds footing as traders look to ECB The dollar found support on Tuesday as investors awaited a European Central Bank meeting and U.S. data to gauge the policy outlook, while the Aussie blipped briefly higher after the Reserve Bank of Australia stuck with its tapering plans. The greenback held the euro below $1.19 at […]

06 September 21

Gold Down, But Near Almost Three-Month High as U.S. Jobs Data Disappoints Gold was down on Monday morning in Asia but remained below a two-and-a-half-month high. A disappointing U.S. jobs report indicated that the U.S. Federal Reserve could delay its asset tapering timeline, giving the yellow metal a boost. Gold futures were down 0.30% to […]

03 September 21

Gold Up Over Weaker Dollar, but Gains Small Ahead of U.S. Jobs Report Gold was up on Friday morning in Asia, eking out small gains as the dollar weakened. Investors now await the latest U.S. jobs report to gauge the Federal Reserve’s timeline on asset purchases and interest rate hikes. Gold futures inched up 0.08% […]

02 September 21

Amazon cloud service glitch resolved after disruptions to Japan brokers, airline –Kyodo A glitch in Amazon (NASDAQ:AMZN) Web Services has been resolved, Japan’s Kyodo news agency said on Thursday, after companies from major online brokerages to the top mobile phone carrier and a leading airline suffered disruptions to their operations. Earlier, an Amazon spokesperson had […]

01 September 21

Dollar Up, but Fed Asset Tapering Move Guessing Game Keeps Moves Small The dollar was up on Wednesday morning in Asia but was trading near its lowest point in nearly three weeks. Investors continued to keep moves small, with the latest U.S. jobs report, which could provide clues to the U.S. Federal Reserve’s asset tapering […]

31 August 21

Dollar Up, but Near Two-Week Lows as Fed Taper Uncertainty Continues The dollar was up on Tuesday morning in Asia but remained near two-week lows. Moves were mostly light as August draws to a close, with the latest U.S. jobs report, including non-farm payroll numbers, due later in the week. The U.S. Dollar Index that […]

30 August 21

Asian shares rise on dovish Fed prospects but China caps gains Asian shares perked up and the dollar fell to two-week lows on Monday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank’s long-awaited symposium, although investors remained cautious about prospects in China. MSCI’s broadest index of Asia-Pacific shares […]

27 August 21

European Stock Futures Marginally Higher; Powell’s Speech Limiting Activity European stock markets are expected to open marginally higher Friday, with investors wary of taking positions ahead of a highly anticipated speech by Federal Reserve Chairman Jerome Powell. At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.1% higher, the FTSE 100 […]

26 August 21

European Stock Futures Lower; German Consumer Confidence Weakens European stock markets are expected to open lower Thursday, hurt by deteriorating German economic confidence, while investors take a cautious stance ahead of a key meeting of policymakers from the Federal Reserve and other central banks. At 2:05 AM ET (0605 GMT), the DAX futures contract in […]

25 August 21

European Stock Futures Largely Flat Ahead of Ifo, Jackson Hole Meeting European stock markets are expected to open in a subdued fashion Wednesday, ahead of the release of an influential gauge of German business sentiment and a key meeting of Federal Reserve policy makers. At 2:05 AM ET (0605 GMT), the DAX futures contract in […]

24 August 21

Amazon CEO Andy Jassy to join executives at White House cybersecurity meeting -source Amazon (NASDAQ:AMZN) Inc Chief Executive Andy Jassy will join tech executives at a White House meeting with President Joe Biden on Wednesday to discuss efforts by private companies to improve cybersecurity, a source familiar with the matter told Reuters. The source asked […]

23 August 21

Gold Up as Continuous COVID-19 Concerns Decrease Risk Appetite Gold was up on Monday morning in Asia, with the dollar remaining near multi-month highs. However, continuing concerns about the spread of COVID-19 globally and its impact on the economic recovery turned investors towards the yellow metal. Gold futures were up 0.28% to $1,788.95 by 12:26 […]

20 August 21

J & J says veteran Duato to replace Gorsky as chief executive Johnson & Johnson on Thursday appointed Joaquin Duato as chief executive officer to replace veteran Alex Gorsky to steer the healthcare conglomerate through the remainder of the coronavirus pandemic. Duato, the current vice chairman of the executive committee, will take the reins and […]

19 August 21

Dollar hits 9-month high as Fed on track to taper this year The dollar rose to a nine-month high against its major peers on Thursday, on expectations that the Federal Reserve will start tapering its huge stimulus this year. The dollar index, which measures the U.S. currency against six rivals, climbed as high as 93.502, […]

18 August 21

Gold Up, but COVID-19 Delta Variant Remains as ‘Elephant in the Room’ Gold was up on Wednesday morning in Asia. Investors turned towards the safe-haven yellow metal as increasing concerns about the latest COVID-19 outbreaks decreased their risk appetite. Gold futures edged up 0.19% to $1,791.15 by 12:30 AM ET (4:30 AM GMT). “The elephant […]

17 August 21

EV startups hunt for low-cost roads to mass production Electric car and van startups racing to become the next Tesla (NASDAQ:TSLA) Inc all want to avoid Elon Musk’s journey through “manufacturing hell.” But electric vehicle firms such as UK van company Arrival SA and Fisker Inc are taking very different roads to overcome the challenges […]

16 August 21

Oil Down, Surge in COVID-19 Cases Globally Continues to Threaten Fuel Demand Oil fell on Monday morning in Asia, falling more than 1% and dropping below the $70 mark. Concerns remained that the restrictive measures currently in place to curb the latest COVID-19 outbreaks would continue to dampen the fuel demand outlook. Brent oil futures […]

13 August 21

U.S. FDA authorizes COVID-19 vaccine boosters for the immunocompromised The U.S. Food and Drug Administration on Thursday authorized a booster dose of COVID-19 vaccines from Pfizer Inc (NYSE:PFE) and Moderna (NASDAQ:MRNA) Inc for people with compromised immune systems. A few other countries, such as Israel and Germany, plan to or have already administered the third […]

12 August 21

Oil prices steady after U.S. call for more oil raises supply concerns Oil prices were steady on Thursday following two days of gains after a call from the United States, the world’s top oil consumer, for major producers to boost output reinforced supply concerns as economies ease their coronavirus restrictions. They were also boosted by […]

11 August 21

Oil drops on China fuel demand concerns as Delta coronavirus surges Oil prices dipped on Wednesday as analysts cut their forecasts for fuel demand in China following mobility curbs from the spread of the highly infectious Delta variant of the coronavirus, offsetting a bullish outlook for U.S. fuel demand. U.S. West Texas Intermediate (WTI) crude […]

10 August 21

Stocks mixed amid concerns over Delta variant, tapering talk Asian stocks traded sideways on Tuesday, as concerns over the spread of the Delta variant and expectations of earlier tapering by the Federal Reserve offset strong corporate earnings, while gold and oil recovered after their sharp falls. Markets were also cautious ahead of U.S. inflation numbers […]

09 August 21

Asia stocks fight back, gold slides and oil takes a spill Asian shares fought back from early losses on Monday as sharp falls in gold and oil prices briefly spooked sentiment, while the dollar reached four-month highs on the euro after an upbeat U.S. jobs report lifted bond yields. Markets were shaken early by a […]

06 August 21

Gold Down, but Remains Near $1,800 Mark, in Leadup to U.S. Jobs Report Gold was down on Friday morning in Asia, but remained near the key $1,800 mark as investors await the latest U.S. jobs report. Gold futures were down 0.39% to $1,801.90 by 1:24 PM ET (5:24 AM GMT) and were set for their […]

05 August 21

Dollar Edges Higher on Hawkish Fed Comments; Labor Data Eyed The dollar edged higher in early European trading Thursday, after hawkish comments from the Federal Reserve prompted traders to price in an earlier tightening of monetary policy. At 1:55 AM ET (0555 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

04 August 21

Apple works with Chinese suppliers for latest iPhones –Nikkei Apple Inc (NASDAQ:AAPL) is working with more Chinese suppliers to produce its latest iPhones, Japan’s Nikkei newspaper said on Wednesday, as a tech feud stemming from a trade war with the United States prompts Beijing to strengthen domestic firms. Luxshare Precision Industry Co Ltd is set […]

03 August 21

Asian stocks slip as Delta spread spooks investors Asian stocks slipped on Tuesday, as the Delta coronavirus variant spread in key markets in the region and put Chinese authorities on high alert, rattling investor confidence. Trade in Asia faced a weaker lead from Wall Street after investors there considered the impact the increasing number global […]

02 August 21

Dollar holds near one-month low as investors eye U.S. jobs, RBA The dollar held just above a one-month low on Monday as traders held tight positions heading into a busy week that includes monthly U.S. jobs data and a key Australian central bank decision. The dollar index, which measures the greenback against six major peers, […]

30 July 21

Dollar Up but Ends Week Near One-Month Low Over U.S Data, Fed Decision The dollar was up on Friday morning in Asia but remained near a one-month low. The U.S. Federal Reserve maintained a dovish stance in its latest policy decision, and disappointing U.S. economic data also curbed the U.S. currency’s month-long rally. The U.S. […]

29 July 21

Facebook beats earnings expectations, but warns of significant growth slowdown Facebook shares fell as much as 5% in extended trading on Wednesday after the social media company called for revenue growth to slow in the quarters ahead, even as second-quarter results came in ahead of estimates. Here’s how the company did: • Earnings: $3.61 per […]

28 July 21

Dollar Up, Boosted by Plunge in Chinese Shares and Caution Ahead of Fed Decision The dollar was up, but remained below its recent highs, on Wednesday morning in Asia. Ripple effects from a crackdown in China and caution ahead of the U.S. Federal Reserve’s latest policy decision gave the safe-haven U.S. currency a boost, however. […]

27 July 21

Tesla reports more than $1 billion in net income during Q2, up tenfold from a year ago Tesla reported second-quarter earnings after the bell Monday, and it’s a beat on both the top and bottom lines. Shares rose about 2% after-hours. Here are the results. Earnings: $1.45 vs 98 cents per share adjusted expected, according […]

26 July 21

Oil Down, Increasing COVID-19 Cases Continue to Dampen Fuel Demand Outlook Oil was down Monday morning in Asia but remained little changed even as increasing numbers of COVID-19 cases globally continue to cloud the fuel demand outlook. Brent oil futures fell 1.16% to $72.59 by 1:31 AM ET (5:31 AM GMT) after rolling over to […]

23 July 21

European Stock Futures Higher; Dovish ECB Helps Tone European stock markets are expected to open higher Friday, ending a volatile week on a positive note, helped by a supportive tone from the European Central Bank. At 2:10 AM ET (0610 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France […]

22 July 21

European Stock Futures Edge Higher; ECB Meeting Looms Large European stock markets are expected to edge higher at the open Thursday, continuing the recovery from the sharp selloff at the start of the week ahead of the latest policy announcement by the European Central Bank. At 2 AM ET (0600 GMT), the DAX futures contract […]

21 July 21

Asian shares slip as new COVID cases rise Asian shares stumbled on Wednesday, giving up early gains, while the dollar was firm as investors worried that a fast-spreading coronavirus variant could impede a global economic recovery. But European share markets were set for a slightly higher open following sharp falls early in the week, ahead […]

20 July 21

Stocks falter as virus outbreaks fan global recovery fears Asian stocks widened their losses on Tuesday as investor sentiment dampened further amid growing fears the spreading Delta variant of the coronavirus would harm the global economic recovery, sending riskier assets skidding sharply. Europe and U.S. markets look set to recover however with FTSE futures and […]

19 July 21

Oil drops as OPEC+ agreement raises prospect of more supply Oil prices recouped some losses on Monday, but were still down after OPEC+ overcame internal divisions and agreed to boost output, which sparked concerns about a crude surplus as COVID-19 infections continue to rise in many countries. Brent crude was down 61 cents, or 0.8%, […]

16 July 21

Netflix eyes foray into video games Netflix CEO Reed Hastings once said Netflix competes with the video game Fortnite more than HBO. Now, Netflix plans to take Fortnite head-on. The streamer has hired Mike Verdu, a veteran of the gaming companies Electronic Arts, Kabam and Zynga, to be vice president of game development, a company […]

15 July 21

Gold Up, Just Below Four-Week High, Over Powell Dovish Stance Gold was up on Thursday morning in Asia but slipped just below the four-week high hit in the previous session, as U.S. Federal Reserve Chair Jerome Powell signaled the central bank’s “powerful support” for economic recovery. Gold futures edged up 0.15% to $1,827.75 by 1:03 […]

14 July 21

European Stock Futures Lower as U.S. Inflation Fears Weigh European stock markets are seen opening lower Wednesday, as a jump in U.S. inflation raised concerns the Federal Reserve could tighten its ultra-easy monetary policies sooner than previously expected. At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.2% lower, CAC 40 […]

13 July 21

Virgin Galactic Slumps 14% On Share Sale Plan After Being Up 10% Premarket Virgin Galactic (NYSE:SPCE) stock slumped over 14% in Monday’s trading as the company’s plans for a $500 million sale of new shares spooked traders. The shares were up 10% premarket but gave up all those gains as the company looks to cash […]

12 July 21

Dollar Edges Higher; Inflation and Powell in Focus The dollar edged higher in early European trade Monday with attention returning to the outlook for U.S. inflation and the Federal Reserve’s monetary policy as concerns over the global economic recovery ease. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a […]

09 July 21

Oil Down, Even as U.S. Fuel Inventory Fall Indicates Demand Surge Oil was down Friday morning in Asia even as data released on Thursday said U.S. fuel inventories fell and demand surged as economic recovery drove consumption. Brent oil futures fell 0.32% to $73.88 by 10:10 PM ET (2:10 AM GMT) and crude oil WTI […]

08 July 21

Dollar firm near 3-month high after Fed minutes affirm taper timeline The dollar hovered near a three-month high versus major peers on Thursday after minutes of the Federal Reserve’s June policy meeting confirmed the world’s biggest central bank is moving toward tapering its asset purchases as soon as this year. The dollar index, which measures […]

07 July 21

Oil Mixed, Moves Small as Saudi-UAE Production Dispute Continues Oil was mixed Wednesday morning in Asia, but remained above the $73 mark, as a production dispute between Saudi Arabia and the United Arab Emirates (UAE) continues. The dispute has stalled efforts by the Organization of the Petroleum Exporting Countries and allies (OPEC+) to raise production […]

06 July 21

Dollar Falls in Payrolls Wake; Fed Minutes Seen Key The dollar sold off in early European trade Tuesday, continuing its post nonfarm payrolls weakness, while both the Australian and New Zealand dollars strengthened amid signs that these economies are recovering strongly. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against […]

05 July 21

Gold Up, Dollar Weakens as U.S. Jobs Report Calms Fear of Early Rate Hike Gold was up on Monday morning in Asia, boosted by a weakening dollar. The latest U.S. jobs report also calmed investor fears of an earlier-than-expected interest rate hike. Gold futures were up 0.24% to $1,787.55 by 10:39 PM ET (2:39 AM […]

01 July 21

Stocks stumble, dollar stands tall as U.S. payrolls loom Stocks made a meandering start to the second half of 2021 on Thursday, dipping in Asia on worries about new coronavirus infections and fresh lockdowns, while bond markets were on edge and the dollar crept higher ahead of U.S. labour data. Equity futures pointed to a […]

30 June 21

Dollar loiters near recent peaks as payrolls test looms The dollar was headed for its best monthly rise since March on Wednesday, supported by traders’ trepidation ahead of unpredictable U.S. labour data and by concern that the spread of the Delta coronavirus variant could delay the pandemic recovery. The dollar has gained about 2.5% against […]

29 June 21

Dollar Edges Higher; Asian Covid Cases Rise The dollar edged marginally higher in early European trade Tuesday, helped by concerns over the rise of Covid cases in Asia, but gains are minimal ahead of this week’s key payrolls release. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket […]

28 June 21

Asian shares strike cautious tone as COVID-19 cases spike Asian shares started the week in a cautious mood on Monday, as a spike in coronavirus cases across the region over the weekend hurt investor sentiment while oil hovered around 2-1/2 year highs. MSCI’s broadest index of Asia-Pacific shares outside Japan was last a shade weaker […]

25 June 21

Dollar dips, but with a wary eye on U.S. inflation data The dollar drifted lower in Asia on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead of key U.S. inflation data kept losses to a minimum. The risk-sensitive Antipodean currencies rose very slightly, while the euro gained […]

24 June 21

S&P 500 Dips, Nasdaq Ekes Out Record; Hawkish Fed Talk Continues The S&P 500 closed lower, while the Nasdaq notched a record high Wednesday as a surge in Tesla offset struggles in megacap tech amid an uptick in U.S. bond yields. The Nasdaq Composite closed up 0.13% at a closing high of 14,271.7, the S&P […]

23 June 21

Dollar Edges Higher; Rebounding After Powell Disappoints Bulls The dollar edged higher in early European trade Wednesday, stabilizing after weakness overnight following commentary from Federal Reserve Chair Jerome Powell that again indicated the central bank will take time to tighten monetary policy. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback […]

22 June 21

Gold Holds Gain as Powell Reiterates Rising Inflation Won’t Last Gold held an advance as investors weighed comments by Federal Reserve Chair Jerome Powell, who reiterated that higher inflation will likely be transitory. Inflation had picked up but should move back toward the Fed’s 2% target once supply imbalances resolve, Powell said in written remarks […]

18 June 21

Dollar Extends Gains; Set For Large Weekly Gain The dollar edged higher in early European trade Friday, continuing to benefit from Wednesday’s surprise move by the Federal Reserve in bringing forward its timetable for raising interest rates. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

17 June 21

Dollar Gains as Fed Points to Rate Hikes in 2023 The dollar rose in early European trade Thursday, climbing to levels not seen for around two months after the Federal Reserve surprised markets with a hawkish turn, bringing forward its timetable for raising interest rates to 2023. At 3:15 AM ET (0755 GMT), the Dollar […]

16 June 21

Oil Up, Brent Records Fifth Consecutive Gain as Demand Outlook Stays Bright Oil was up Wednesday morning in Asia as a larger-than-expected draw in U.S. crude oil supplies and the ever-brightening fuel demand outlook in some countries gave the black liquid a boost. Brent oil futures rose 0.88% to $74.64 by 12:10 AM ET (4:10 […]

15 June 21

Dollar Down but Moves Remain Small Ahead of Fed Policy Meeting The dollar was down on Tuesday morning in Asia, remaining below a one-month high. Investors now await the start of the U.S. Federal Reserve policy meeting and its policy decision, due to be handed down on Wednesday. The U.S. Dollar Index that tracks the […]

14 June 21

Dollar Largely Flat; Fed Meeting Looms Large The dollar was largely unchanged in early European trade Monday, with traders showing caution ahead of the latest two-day meeting of the Federal Reserve. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was marginally lower at […]

11 June 21

Dollar Edges Lower After CPI Data; Fed Seen on Course The dollar edged lower in early European trade Friday, as traders wagered that a hefty rise in U.S. consumer prices would not be enough to immediately jolt the Federal Reserve from its ultra easy monetary policy stance. At 2:55 AM ET (0755 GMT), the Dollar […]

10 June 21

Gold Down Over Firmer Dollar, Investors Monitor U.S. Inflation Data Gold was down on Thursday morning in Asia against a firmer dollar, as investors await U.S. data to get further signals on the inflation level and economic recovery from the COVID-19 pandemic. Gold Futures were down 0.35% to $1,888.95 by 11:23 PM ET (3:23 AM […]

09 June 21

World stocks near record high, U.S. bond yields near 1-month low World stock prices held near record highs on Wednesday, while U.S. bond yields flirted with their lowest levels in a month, as investors bet the Federal Reserve is some way off from tapering its economic stimulus. MSCI’s all-country world index last stood at 716.55, […]

08 June 21

Dollar Edges Higher; Inflation Data in Focus The dollar edged higher in early European trade Tuesday, but activity remains subdued ahead of this week’s key U.S. inflation release after Friday’s lackluster payrolls number. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up […]

07 June 21

Dollar Edges Higher; Focus Turns to May CPI Release The dollar traded marginally higher early in Europe Monday after the softer-than-expected payrolls release, with traders turning their attention towards this week’s inflation figures. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up […]

04 June 21

Dollar Gains After Strong Economic Data; Payrolls Loom Large The dollar climbed in early European trade Friday, reaching multi-week highs after a spate of strong economic data ahead of the monthly payrolls release raised the possibility of early Federal Reserve tightening. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against […]

03 June 21

Dollar Up, China’s Services Sector Grows at Slower Pace in May The dollar was up on Thursday morning in Asia as investors digested China’s Caixin services data, while awaiting key U.S. economic data for clues on the economic outlook and the U.S. Federal Reserve’s policy decision. The U.S. Dollar Index that tracks the greenback against […]

01 June 21

Dollar Weakens; Monthly Payrolls Data Eyed The dollar weakened in early European trade Tuesday, slipping to multi-month lows against many of its peers, as traders look to the release of closely-watched nonfarm payrolls data later in the week for clues surrounding the Federal Reserve’s policy thinking. At 2:55 AM ET (0755 GMT), the Dollar Index, […]

31 May 21

Dollar near 2-month high vs yen, Chinese yuan scales 3-year high The dollar held near a two-month high against the yen on Monday after a key measure of U.S. inflation showed stronger price gains than expected, keeping alive expectations of an eventual tapering in the Federal Reserve’s asset buying. The Chinese yuan, which has been […]

28 May 21

Dollar Boosted by Higher Yields; Inflation Data Due The dollar edged higher in early European trade Friday, helped by rising U.S. bond yields ahead of the release of key inflation data. At 2:50 AM ET (0650 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at […]

27 May 21

Dollar Edges Higher; Tapering Talk Helps The dollar edged higher in early European trade Thursday, finding support from comments suggesting the Federal Reserve will soon have to discuss tapering its massive bond-buying program, thus tightening monetary policy. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

26 May 21

Dollar Edges Lower; Fed Officials Maintain Dovish Tilt The dollar edged lower in early European trade Wednesday, trading near its lowest levels since early January as Treasury yields weakened with Federal Reserve officials continuing to present a dovish view. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket […]

25 May 21

Dollar drifts lower as Fed speakers soothe inflation fears The dollar floated at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. The British pound rose, inching back toward the […]

24 May 21

Asia shares wary on U.S. inflation, Bitcoin struggles to steady Asian shares were mixed on Monday as investors awaited key U.S. inflation readings for guidance on monetary policy, while Bitcoin tried to steady after being hammered on news of China’s clampdown on mining and trading of cryptocurrencies. MSCI’s broadest index of Asia-Pacific shares outside Japan […]

21 May 21

Dollar Weakens; Concerns Over Fed Tapering Ease The dollar traded lower in early European trade Friday, heading for a weekly loss as concerns eased over Federal Reserve members discussing potentially tapering back bond buying. At 3 AM ET (0800 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was […]

20 May 21

Oil steadies after sell-off as U.S. stockpiles rise less than expected Oil prices steadied on Thursday after a two-day slump, reflecting the world’s mixed economic recovery from the pandemic, with U.S. demand expected to keep rising, while a second coronavirus wave raging in India has led to more curbs on movement. Brent crude was up […]

19 May 21

Dollar Steadies Near Multi-Month Lows; Fed Minutes Loom The dollar edged marginally lower in early European trade Wednesday, remaining near multi-month lows ahead of the release of the eagerly-awaited minutes from the last U.S. Federal Reserve meeting. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

18 May 21

UK unemployment falls again as firms readied for lockdown easing Britain’s unemployment rate unexpectedly fell again to 4.8% between January and March, a period which the country spent under a tight COVID lockdown, and hiring rose further in April, data showed on Tuesday. Economists polled by Reuters had mostly expected the unemployment rate to hold […]

17 May 21

Dollar gains on Asia’s virus worry; cryptocurrencies slide on Musk tweet The U.S. dollar was supported on Monday amid renewed worries about coronavirus restrictions in Asia, but investors are heavily positioned for it to fall while the U.S. Federal Reserve keeps rates low. Bitcoin skidded to a three-month low after Tesla (NASDAQ:TSLA) Inc boss Elon […]

14 May 21

Dollar Up, but Inflation Set to Remain “Big Theme” Over Next Few Months The dollar was up on Friday morning in Asia, set to post a weekly gain. Investors are now beginning to assess the risk that U.S. inflation will rise faster and prompt central bank interest rate hikes sooner than expected. The U.S. Dollar […]

13 May 21

Dollar Edges Higher; Fed in Spotlight on Inflation Surge The dollar edged higher in early European trade Thursday, with the safe haven currency supported by concerns of an earlier than expected Federal Reserve response to inflationary pressures in the wake of worryingly large jump in U.S. consumer prices. At 2 AM ET (0700 GMT), the […]

12 May 21

Dollar Edges Higher; Inflation Data Looms Large The dollar edged higher in early European trade Wednesday, but remains near recent lows ahead of a key U.S. inflation release. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 90.287, just above […]

11 May 21

Inflation spooks markets, dollar stabilizes, cryptos pressured, Fed officials eyed The market mood has soured as investors focus on inflation fears rather than signs of cooling down. The dollar is off the lows ahead of the US JOLTs figures and speeches from Fed officials. Cryptocurrencies are on the back foot. China reported an increase of […]

10 May 21

U.S. dollar dips after payrolls shock, focus turns to inflation The dollar languished near a more than two-month low versus major peers on Monday as investors continued to assess the implications for monetary policy of a disappointing U.S. employment report, ahead of inflation data this week. The U.S. created only a little more than a […]

07 May 21

Markets shrug off Fed warnings, ahead of all-important Nonfarm Payrolls The Federal Reserve warned that covid still poses a major financial risk and that prices are vulnerable to significant declines. Stocks advance on Thursday as most Fed officials continued saying the US economy has a long way to go. Robert Kaplan, President of the Dallas […]

06 May 21

Markets shrug off inflation concerns and geopolitics ahead of BOE, jobless claims Investors seem to ignore rising signs of inflation, supply chain issues, and geopolitical tensions around Brexit and China’s relations with the West. The BOE may announce tapering down its bond buys and US jobless claims are eyed ahead of Friday’s Nonfarm Payrolls. Cryptocurrencies are consolidating […]

05 May 21

Dollar struggles to extend rally, traders eye major euro bulwark The dollar tried to extend a rally on Wednesday as chatter about the possibility of higher U.S. interest rates and a sell-off in tech stocks soured risk sentiment to the benefit of the safe-haven currency. The dollar’s bounce on Tuesday put pressure on the euro, […]

04 May 21

Dollar rebounds as markets turn cautious, cryptos, gold, oil all retreat After another positive day, markets are cautious on Tuesday, sending the dollar up and everything else down. Fed Chair Powell said the recovery is patchy and supply problems seem to slow US growth. Cryptocurrencies, gold and oil are all struggling. The US dollar is […]

03 May 21

Dollar holds gains as traders look to U.S. data for policy cues The dollar clung to a recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, looking for clues on the outlook for global inflation and for policymakers’ response. Asia trade […]

30 April 21

Dollar bounces ahead of busy end to April, eurozone GDP, US inflation data stand out Global shares and S&P 500 futures are down in what seems like profit-taking after major US indexes hit new highs on Thursday. The Chinese Caixin Manufacturing PMI missed estimates with 51.1, below estimates. On Wall Street, Amazon reported earnings that […]

29 April 21

Dollar left defenseless by dovish Fed, euro muscles higher The dollar was on the defensive near nine-week lows on Thursday as a decidedly dovish outlook from the U.S. Federal Reserve gave a green light for the global reflation trade. The setback allowed the euro to crack major trendline resistance at $1.2114 and power up to […]

28 April 21

Dollar rises, Gold melts ahead of the all-important Fed decision Global stock markets have been edging up gradually with US indexes hovering near record highs amid optimism about a vaccine and stimulus-led recovery. COVID-19 cases have accelerated their downfall as immunization takes a greater effect. US 10-year Treasuries have risen back to 1.64%, carrying the […]

27 April 21

Dollar near multi-week lows before Fed, yen unmoved after BOJ The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields ahead of the Federal Reserve’s policy decision this week, while the yen hardly budged after the Bank of Japan kept its policy on hold. The safe-haven greenback was also […]

26 April 21

Dollar grinds lower on bets U.S. tapering remains distant The dollar edged lower on Monday amid speculation that U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week. The euro rose to a near two-month high against the greenback before data later on Monday forecast to […]

23 April 21

Taxes scare stocks and cryptos, dollar retreats from highs ahead of PMIs Stock markets are on the back foot amid concerns of higher US capital tax increases and rising covid cases in Asian countries. Cryptocurrencies are suffering an extended sell-off. PMIs from Europe, the UK and the US stand out. The White House is mulling […]

22 April 21

Markets torn between vaccine and virus news, ahead of ECB, US jobless claims  Markets are calm after a positive day, with yields and the dollar falling. Optimism about a developed-world vaccine-led recovery is countered by surges in covid cases in India and elsewhere. The ECB is set to leave its policy unchanged and US jobless claims are eyed […]

21 April 21

Markets attempt recovery after sell-off, dollar firm, BOC eyed Markets are licking their wounds after falling on Tuesday, yet the risk-off mood continues supporting the dollar. Australian and UK inflation figures met estimates and the focus shifts to the BOC decision. Gold is holding up while cryptocurrencies are mixed. S&P 500 futures have been edging […]

20 April 21

Dollar and cryptos extend decline, virus and infrastructure news eyed Markets are calm after a decline on Monday but the dollar remains depressed. Mixed news about the virus and US infrastructure are eyed, while cryptocurrencies extend their decline. The US dollar is on the back foot for the second consecutive day, with EUR/USD changing hands […]

19 April 21

Markets mixed amid falling yields, cryptos lick their wounds, virus news eyed Mixed markets: Asian stocks and US futures are stable after closing last week significantly higher. Returns on US ten-year bonds remain below 1.60%, somewhat helping stocks. Cryptocurrencies have been attempting a recovery after collapsing over the weekend. Bitcoin is trading at around $57,000 […]

14 April 21

Markets cheer tame inflation, shrug off vaccine setbacks as cryptos soar, Powell awaited Markets remain upbeat amid relatively tame inflation and despite a pause of J&J’s vaccines. The ECB’s Lagarde, the Fed’s Powell, and other central bankers are eyed. Cryptocurrencies are surging to new highs. Several US stock indexes have hit new record highs and […]

13 April 21

Dollar languishes near three-week lows as traders brace for inflation data The dollar hovered near a three-week low against major rivals on Tuesday, pressured by lower Treasury yields as traders awaited highly anticipated U.S. inflation data later in the global day. The greenback has retreated along with U.S. yields this month after surging to multi-month […]

12 April 21

Dollar pinned down by lower U.S. yields; inflation data in focus The dollar languished near 2-1/2-week lows against major peers on Monday as a decline in Treasury yields restrained the U.S. currency. The British pound sank toward a two-month low, continuing its decline from a nearly three-year high reached in February, with analysts pointing to […]

09 April 21

Dollar set for weekly loss as data, Fed cool bond market The dollar was headed for its worst week of the year on Friday as unexpectedly strong economic data in Europe, downbeat U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to unwind some bets on the greenback. The euro and yen […]

08 April 21

Fed fuels stocks, pushes dollar down, jobless claims, Powell’s speech eyed The market mood remains positive after the Fed’s minutes pointed to ongoing support and ahead of Chair Powell’s speech. Safety concerns about AstraZeneca’s vaccines are weighing on the euro and the pound. Cryptocurrencies have dropped from their highs. US jobless claims are eyed. The […]

07 April 21

Dollar retreats on growth optimism ahead of Biden, FOMC minutes The market mood remains upbeat amid better growth expectations. The drop in US yields is dragging the dollar down. President Biden is set to provide an update on his spending plans and investors eye the Fed’s minutes to see if there is a tendency to raise rates. […]

06 April 21

Dollar retreats with yields, markets wary of Chinese cooling, US stimulus news eyed The market mood is somewhat cautious as China is reportedly curbing credit while mixed reports about US stimulus also give investors a pause after sending US stocks to record highs. AUD/USD is edging higher after the RBA and several figures are eyed. […]

05 April 21

Dollar regains poise amid US jobs blowout, ISM Services PMI highlights Easter Monday The market mood remains cheerful, as investors bet on faster economic recovery after the US jobs data released Friday blew past expectations. Thin trading conditions, as most major economies observe Easter Monday, keep the sentiment buoyed starting out a fresh week. A […]

01 April 21

Dollar advances after Biden presents plan, covid concerns, OPEC+, top-tier US data eyed Markets are relatively upbeat on Maundy Thursday after President Biden presented a massive tax and spending plan. Worries about vaccine supplies and a lockdown in France are weighing on sentiment. OPEC+ members are set to extend cuts. US jobless claims and the […]

31 March 21

Dollar builds on Biden’s infrastructure speech, NFP hint, end-of-month flows eyed The US dollar is rising alongside yields, ahead of Biden’s critical speech on the economy. Europe continues struggling with the virus and vaccines. Eurozone inflation, ADP’s jobs figures, and Canadian GDP stand out on the calendar. Infrastructure spending: US President Joe Biden is set […]

30 March 21

Dollar hits 1-year high versus yen as inflation worries lift yields The dollar climbed to a one-year high against the yen on Tuesday amid a spike in Treasury yields, as accelerating vaccinations and massive stimulus in the U.S. stoked inflation concerns. The safe-haven greenback also found support as investors fretted about the potential fallout from […]

29 March 21

Dollar finds footing on U.S. economy as euro and yen falter The dollar began the week firmly and within a whisker of milestone peaks against the euro and yen on Monday, as U.S. economic strength and a vaccine rollout proceeding much more quickly than in Europe drew investors into the greenback. The euro sat at […]

26 March 21

Economic Data Puts the EUR, the Pound, and the U.S Dollar in the Spotlight It’s a busy day ahead on the economic calendar. Stats will put the EUR, the Pound, and the U.S Dollar in focus today. COVID-19 news will need tracking, however. The Day Ahead: For the EUR It’s a relatively busy day ahead […]

25 March 21

Dollar holds onto gains, vaccine truce Suez blockage, US jobless claims eyed Markets are attempting to stabilize after Wednesday’s fall, while the dollar is taking a breather from gains. Optimism about an EU-UK solution to the vaccine row is countered by a blockage to global trade in the Suez Canal. Investors await news on US […]

24 March 21

Dollar shrugs off yields and continues rising, US data, EU vaccine issues and Powell eyed The US dollar continues higher despite falling yields and as the US considers news stimulus. The Fed Chair dismissed long-term inflation concerns. He speaks again alongside the Treasury Secretary. US Durable Goods Orders and Markit’s PMIs are eyed. Greenback grinding […]

23 March 2021

Markets cautious amid virus concerns, Powell and Yellen eyed Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen will testify before Congress on the government’s response to the pandemic. Powell will likely reject inflation concerns and support ongoing accommodation. His prepared remarks echo the messages in the recent rate decision. US ten-year yields have eased […]

22 March 21

European Equities: COVID-19 News and FED Chair Powell in Focus There are no material stats from the Eurozone to provide the majors with direction. The lack of stats will leave COVID-19 news updates and FED Chair Powell to influence. It was a bearish end to the week for the European majors on Friday. The DAX30 […]

19 March 21

Economic Data Puts the EUR and the Loonie in Focus It’s a quiet day ahead on the economic calendar. Wholesale inflation figures from Germany and retail sales figures from Canada are key stats for the day ahead. The Day Ahead: For the EUR It’s a relatively quiet day on the economic calendar. Wholesale inflation figures […]

18 March 21

Dollar wobbles after Fed pushes back against rate hike speculation The U.S. dollar was on the defensive on Thursday after the Federal Reserve signaled it was in no hurry to raise interest rates through all of 2023 even as it saw a swift recovery in the world’s largest economy. The dollar’s index against six major […]

17 March 21

All eyes on the critical Fed decision, markets set to burst Markets are cautious ahead of the all-important Federal Reserve decision, despite rising US yields with major pairs clinging to round levels. The EU is getting closer to resuming vaccination with AstraZeneca, gold is back to the higher range and Bitcoin is moving higher. Calm […]

16 March 21

Dollar holds firm in cautious trading before Fed meets The U.S. dollar clung to small gains on Tuesday as caution reigned in currency markets ahead of major central bank meetings, beginning with a two-day Federal Reserve gathering due to start later in the global day. The greenback hovered just off its highest since June versus […]

15 March 21

Economic Data from China Sets the Tone, with the Loonie and Greenback in Focus Later Economic data from China impresses this morning. A quiet day ahead leaves manufacturing numbers from the U.S and the Greenback in focus. The Day Ahead: For the EUR It’s a particularly quiet start to the week on the economic calendar. […]

12 March 21

A Busy Economic Calendar Puts the Loonie and the Pound in Focus It’s a busy day ahead on the economic calendar. The EUR, the Pound, the Loonie and the Greenback will all be in action later in the day. The Day Ahead: For the EUR It’s a relatively busy day ahead on the economic calendar. […]

11 March 21

Bond auction triggers relief rally, stimulus passes, focus shifts to ECB Markets are benefiting from a calm US bond auction and the passage of the stimulus. The last offering of debt and jobless claims are eyed stateside while the ECB’s decision is critical for the euro. Gold and Bitcoin are holding onto high ground. Yields: […]

10 March 21

Greenback stages comeback ahead of critical bond auction, inflation figures The dollar is gaining ground as US bond yields rise early on Wednesday after falling on Tuesday. Tension is mounting ahead of US inflation figures and a critical Treasury auction. Bitcoin holds onto gains, oil consolidates lower and the BOC is eyed. Yields: Returns on […]

09 March 21

Dollar and yields ease, Chinese stock intervention provides limited calm Markets are mixed on Tuesday after Chinese authorities intervened to shore up stock markets. The dollar is edging lower as bond yields are off their highs while Bitcoin is extending its gains. US ten-year bond yields are hovering around 1.56%, off the highs above 1.60% […]

08 March 21

Dollar marches forward with yields, after robust NFP, stimulus progress eyed The US dollar is on the rise on Monday after the Senate passed a modified version of the stimulus package and Friday’s robust Nonfarm Payrolls figures. Rising yields and the bump in oil prices are eyed. US ten-year Treasury yields are hovering near 1.60% […]

05 March 21

EUR/USD Forecast: Powell punched the euro to critical support, NFP set to push it over the line The Fed now enters its “blackout period” ahead of the March 17 rate decision, but markets are anything but quiet. Returns on ten-year Treasuries have topped 1.55% and EUR/USD is hovering around its 2021 lows of 1.1950. On […]

04 March 21

EUR/USD Outlook: Not out of the woods yet, Powell’s speech eyed for fresh impetus The EUR/USD pair struggled to capitalize on its intraday uptick to weekly tops, or find acceptance above the 1.2100 mark and came under some renewed selling pressure on Wednesday. A sudden pickup in the US Treasury bond yields provided a strong […]

03 March 21

Service Sector PMIs Put the EUR and USD in Focus, with ADP Nonfarms to also Influence It’s a busy day ahead on the economic calendar. Economic data from the U.S will draw plenty of interest, with service sector PMIs from the Eurozone also in focus. The Day Ahead: For the EUR It’s a busy day […]

02 March 21

Economic Data from the Eurozone and the Canada Put the EUR and Loonie in Focus It’s a relatively busy day on the economic calendar, with the EUR and Loonie in focus. First up, however, is the RBA monetary policy decision later this morning. The Day Ahead: For the EUR It’s a busy day ahead on […]

01 March 21

Manufacturing Sector PMIs Put the EUR and the Greenback in Focus It’s a busy day ahead, with manufacturing sector PMI figures in focus. Disappointing PMIs from China failed to weigh on risk sentiment, with optimism overshadowing weaker headline numbers. The Day Ahead: For the EUR It’s a busy day ahead on the economic calendar. Manufacturing […]

26 February 21

Economic Data Puts the EUR and the Dollar in Spotlight, with the Middle East also in Focus Economic data from the Eurozone and the U.S will be in focus later today. Market reaction and Iran’s response to U.S military action in Syria will also influence. The Day Ahead: For the EUR It’s a relatively quiet […]

25 February 21

Powell teaches markets to live in peace with higher yields, GDP and other US data eyed Stock markets are back to “risk-on” after Fed Chair Powell reiterated his support for the economy. The rise in shares and retreat of the dollar comes despite new highs in US yields. Bitcoin continues battling $50,000 and GameStop has […]

24 February 21

Economic Data Puts the EUR in Focus Ahead of Day 2 of FED Chair Powell Testimony A quiet day on the economic calendar leaves the EUR and the Dollar in focus. German GDP numbers are due out ahead of a 2nd day of Powell testimony. The Day Ahead: For the EUR It’s a relatively quiet […]

23 February 21

Gold shines, dollar retreats, Bitcoin tumbles ahead of Fed Powell’s critical speech The market mood has improved after another down day in stocks as US yields are off the highs. Fears of inflation boost commodities and commodity currencies while Bitcoin dives in choppy trading. All eyes are on Fed Chair Powell’s testimony. After American shares […]

22 February 2021

Commodities rise on “reflation trade” dollar edges lower, stimulus news eyed  Markets are on the back foot amid concerns of a quick return to growth, reflating or even inflating prices, with bond yields, oil and copper on the rise, but the dollar falling. The UK’s roadmap of returning to normal, the German IFO Business Climate and […]

19 February 21

Economic Data Puts the EUR, the Loonie, the Pound, and the Greenback in the Spotlight It’s a busy day ahead on the economic calendar, with EUR, the Loonie, the Pound, and the Greenback in focus. The Day Ahead: For the EUR It’s a particularly busy day ahead on the economic calendar. Prelim private sector PMI […]

18 February 21

Economic Data Puts the EUR and Dollar in the Spotlight, with ECB Minutes also in Focus It’s a relatively busy day on the economic calendar, with economic data from the Eurozone and the U.S in focus. The ECB monetary policy meeting minutes are also due out. The Day Ahead: For the EUR It’s a relatively […]

17 February 21

Dollar jumps, gold melts, Bitcoin clings to $50K ahead of US Retail Sales, Fed Minutes US stimulus: President Joe Biden is on the road, trying to promote his proposed $1.9 trillion coronavirus relief package to the public while Democrats continue advancing the bill in Congress. The prospects of massive government spending and potential inflation have […]

16 February 21

Dollar in doldrums as recovery optimism thrives The U.S. dollar was pinned down on Tuesday, as vaccine optimism boosted the British pound to an almost three-year high, while rising oil prices and buoyant expectations for global recovery supported commodity and trade-exposed currencies. In trade thinned by Lunar New Year holidays in China and Monday’s U.S. […]

15 February 21

Dollar falls, oil rises on stimulus, vaccine optimism, Bitcoin retreats from near $50K The market mood is upbeat amid optimism about upcoming US stimulus and upbeat vaccine developments, most evident in oil’s ascent above $60. Bitcoin has retreated from near $50K while US and Chinese holidays cause thinner volume. US Stimulus: The US Senate acquitted […]

12 February 21

GBP/USD Forecast: 1.3760-50 zone holds the key for bulls, UK macro data in focus A late USD rebound prompted some profit-taking around GBP/USD on Thursday. The corrective pullback extended for the second consecutive session on Friday. Investors look forward a raft of UK macro releases for some meaningful impetus. The GBP/USD pair failed to capitalize […]

11 February 21

Powell keeps pressure on the dollar, Bitcoin consolidates, jobless claims eyed Jerome Powell, Chairman of the Federal Reserve, spoke on Wednesday and reiterated his commitment to providing support to the economy, stressing that the job market needs to return to full employment. Powell stated that the Fed will not tighten policy solely in response to […]

10 February 21

Dollar extends decline, Bitcoin holds high ahead of US inflation, Powell’s speech US ten-year Treasury yields have stabilized around 1.15%, after rising beforehand. This current calm in the bond market has made way for the risk-on mood to take over. While the S&P 500 did not reach new highs on Tuesday, equity markets in Asia […]

09 February 21

Economic Data Puts the EUR and the Greenback in Focus It’s a relatively quiet day ahead on the economic calendar. Stats from Germany and the U.S will influence, however. The Day Ahead: For the EUR It’s another relatively quiet day ahead on the economic calendar. German trade data for December is due out going into […]

08 February 21

Economic Data Puts the EUR in the Spotlight, with U.S Stimulus News also in Focus It’s a relatively quiet day ahead on the economic calendar. Economic data from the Eurozone and U.S stimulus talk will be in focus. The Day Ahead: For the EUR It’s a relatively quiet day ahead on the economic calendar. German […]

05 February 21

Dollar set for best week in three months as pandemic recoveries diverge The dollar headed for its best weekly gain in three months, lifted by growing confidence that the U.S. economic recovery will outpace global peers. “The U.S. economy is exceptionally strong relative to other countries, causing dollar short covering,” said Tohru Sasaki, J.P. Morgan’s […]

04 February 21

Higher yields boost dollar, melt gold as US stimulus, BOE’s Super Thursday eyed Elevated returns on US government debt have pushed the dollar higher, with EUR/USD nearing 1.20 and GBP/USD dipping under 1.36. Gold has been on the back foot, nearing $1,800. The American economy is doing well according to the latest figures. ADP’s jobs […]

03 February 21

Private Sector PMIs and US ADP Nonfarm Figures Put the EUR and the Dollar in the Spotlight It’s a busy day on the economic calendar. While stats put the Dollar and the EUR in focus, expect news updates from Capitol Hill to also influence. The Day Ahead: For the EUR It’s a busy day ahead […]

02 February 21

Economic Data Puts the EUR in the Spotlight, with Capitol Hill also in Focus Eurozone GDP figures for the 4th quarter puts the EUR in the spotlight. Chatter from Capitol Hill on fiscal stimulus will also draw attention, however. At the time of writing, the Aussie Dollar was up by 0.21% to $0.7637, with the […]

01 February 21

USD/JPY keeps the positive outlook unchanged – UOB 24-hour view: “We expected USD to strengthen last Friday but we were of the view that ‘odds for a sustained advance above 104.75 are not high’. We highlighted that ‘105.00 is unlikely to come into the picture’. Our view was not wrong as USD rose to 104.94 […]

29 January 21

Gold Price Analysis: XAU/USD’s bearish bias intact while below 200-DMA Gold (XAU/USD) fails to resist above the $1850 level once again, as sellers return in early European trading. Despite the latest leg down, gold prices remain in a familiar range of around $1840-45 levels, awaiting fresh impetus from the US economic data. The US dollar […]

28 January 21

Fed fails to cheer Gamestop-ped markets, US GDP, vaccine news eyed The Federal Reserve has left its policies unchanged as expected, acknowledging recent weakness and remaining optimistic about a vaccine-fueled recovery in the second half. Fed Chair Jerome Powell stressed that any talk about withdrawing stimulus is “premature” and committed to supporting the economy. Nevertheless, […]

27 January 21

Economic Data, the FED, and Capitol Hill and U.S Stimulus News Puts the Dollar in the Spotlight Economic data from Germany and the U.S will influence. Expect the FED and news updates from Capitol Hill to be key, however. COVID-19 news will also need tracking… The Day Ahead: For the EUR It’s a relatively quiet […]

26 January 21

Economic Data Puts the Pound and the Dollar in the Spotlight While economic data will provide the Dollar and the Pound with direction, COVID-19 and chatter on stimulus from Capitol Hill will remain key drivers. At the time of writing, the Aussie Dollar was up by 0.01% to $0.7714, while the Kiwi Dollar was down […]

25 January 21

Business Sentiment and ECB President Lagarde Put the EUR in Focus ECB President Lagarde and German Business sentiment figures will provide the EUR with direction. COVID-19 news and U.S stimulus talks will also be in focus. The Day Ahead: For the EUR It’s a relatively busy day ahead on the economic calendar. January IFO Business […]

22 January 21

A Busy Economic Calendar Puts the EUR, the Loonie, the Pound, and the Greenback in Focus It’s a busy day ahead on the economic calendar. Private sector PMIs will give the markets an idea of what impact the 2nd wave has had on the private sector. The Day Ahead: For the EUR It’s a busy […]

21 January 21

The U.S Dollar Hits Reverse Ahead of the ECB Monetary Policy Decision and Press Conference The Bank of Japan and the ECB deliver policy decisions today as hopes of significant fiscal stimulus supports demand for riskier assets. COVID-19 updates could test, however. The Day Ahead: For the EUR It’s a relatively quiet day ahead on […]

20 January 21

Inauguration Day and the Bank of Canada Put the Greenback and the Loonie in Focus It’s Inauguration Day, with all eyes on Capitol Hill. On the monetary policy front, the BoC is in action, with economic data from the UK also in focus later today. The Day Ahead: For the EUR It’s a relatively busy […]

19 January 21

Dollar retreats from highs ahead of Yellen’s testimony, vaccine/virus news eyed The US dollar is paring its gains as US traders return from a long weekend, pushing stock futures higher. Treasury Secretary nominee Yellen testifies later, setting the case for fiscal stimulus. Coronavirus continues raging with Germany considering more restrictions and Britain pushing vaccines. Stocks […]

18 January 21

Dollar holds onto gains, shrugging off upbeat Chinese GDP, vaccine news eyed The greenback is holding onto its higher ground after disappointing US Retail Sales and Jobless Claims triggered a light-to-safety move at the end of last week. On the other hand, stocks are cheering China’s Gross Domestic Product, which grew at an annualized pace […]

15 January 21

Markets “sell the fact” on Biden’s stimulus, dollar rises, retail sales eyed Markets are on the back foot after Biden hinted about tax hikes while introducing stimulus. The safe-haven dollar is edging higher despite Powell’s pledge to keep monetary policy accommodative. US retail sales, consumer confidence, and other figures compete with coronavirus figures for impact […]

14 January 21

Biden’s expected stimulus boosts markets, melts gold, Powell, jobless claims eyed Reports that Biden’s is set to announce a $2 trillion package have been boosting markets and weighing on gold. Investors are shrugging off Trump’s second impeachment and eyeing a speech from Jerome Powell, jobless claims, and coronavirus headlines. Jerome Powell, Chairman of the Federal […]

13 January 21

Bond demand downs the dollar, Fed speeches, inflation data, and coronavirus news eyed The US dollar is on the back foot after a bond auction drew high demand, consequently pushing yields lower. Markets seem content with the Fed’s reluctance to taper its Quantitative Easing scheme. US inflation and a speech by the ECB’s Lagarde stand […]

12 January 21

Dollar buoyed by rising U.S. yields amid new stimulus prospects The dollar held four days of gains against major peers on Tuesday as the prospect of massive fiscal stimulus pushed U.S. yields higher. President-elect Joe Biden, who takes office on Jan. 20 with his Democratic party in control of both Houses, has promised “trillions” in […]

08 January 21

Tensions rise ahead of Nonfarm Payrolls, fall in Washington, USD holds gains The US dollar is holding onto its gains, as bond yields remain elevated. Markets focus on the US jobs report for December, which could be negative. President Trump sent a calming message denouncing the Capitol chaos, potentially defusing tensions. Canada’s labor figures and […]

07 January 21

Markets shrug off Capitol storming, USD rocked by blue wave, NFP hints eyed US politics: The world was shocked to see a mob incited by Trump storming the Capitol and vandalizing it. The president continued making his unfounded claims of fraud and supporters seemed to try to overturn the election results. Police eventually gained control […]

06 January 2021

Dollar squeezed as Georgia counts crucial Senate votes The U.S. dollar took a breather from its steady descent but could not entirely escape selling pressure in Asia on Wednesday, as traders looked to the outcome of a Senate election in Georgia to drive the next move in market sentiment. The dollar had dropped through a […]

05 January 21

Economic Data Puts the EUR in Focus, with the Senate Race and COVID-19 also Key Drivers Economic data from Germany will put the EUR in focus early on. The senate race and COVID-19 updates will likely be the key drivers, however. The Day Ahead: For the EUR It’s another particularly busy day ahead on the […]

04 January 21

Manufacturing PMIs and U.S Politics to Put the EUR and the Greenback in Focus Manufacturing PMIs for December and U.S politics will be key drivers today. COVID-19 updates will also draw attention, however. The Day Ahead: For the EUR It’s a particularly busy day ahead on the economic calendar. December manufacturing PMI numbers for Italy […]

30 December 2020

Dollar Weakness Kicks in, with the Brexit Vote and Capitol Hill in Focus Today While economic data from the U.S will draw attention, the House of Commons Brexit vote and Capitol Hill will likely be key drivers.   The Day Ahead: For the EUR It’s a relatively quiet day ahead on the economic calendar. Prelim […]

29 December 2020

EUR/USD Daily Forecast – Another Test Of Resistance At 1.2250 EUR/USD managed to settle above the resistance at 1.2220 and is trying to get above the next resistance at 1.2250. Technical Analysis EUR/USD managed to get above the resistance at 1.2220 and is trying to settle above the next resistance level at 1.2250. RSI is […]

28 December 20

GBP/USD: Brexit deal not to provide sustained gains until late 2021 – TDS  “The UK and EU have confirmed they have reached a deal on the goods trade, so as of January 1st, the UK is outside of the EU customs union and single market and will begin to negotiate new bilateral trade agreements with […]

23 December 20

Dollar falls despite Trump’s stimulus objections, Brexit, data eyed ahead of Christmas US fiscal stimulus at risk? President Donald Trump said that the relief package that Congress passed is a “disgrace” – specifically referring to checks sent to all Americans, the most symbolic part of the $900 billion package. He wants it raised from $600 […]

22 December 20

Stimulus passage fails to cheer markets amid covid strain concerns, Brexit eyed The safe-haven dollar is rising as concerns about the fast-spreading COVID-19 strain weigh on sentiment. Congress passed the stimulus bill as expected. Hopes for a Brexit breakthrough keep the pound afloat. US growth figures and vaccine developments are eyed. US stimulus: Congress completed […]

21 December 20

New covid strain boosts dollar, gold shines on fiscal stimulus deal, Brexit eyed A new strain of COVID-19 is 70% more transmissible, raises the reproduction rate by between 0.4 and 0.7, and is “out of control” according to UK Health Secretary Matt Hancock. The VIU-202012/01 variant is probably not more dangerous nor vaccine-resistant. Brexit: The […]

18 December 20

Economic Data, Brexit, and Capitol Hill to drive the Majors Economic data puts the EUR, Loonie, and the Pound in focus. Brexit updates and stimulus talks from the U.S will be key, however. The Day Ahead: For the EUR It’s a relatively quiet day ahead on the economic calendar. Germany’s IFO Business Climate Index and […]

17 December 20

Brexit, stimulus optimism depresses dollar after the Fed, BOE eyed as Bitcoin tops $22K The Federal Reserve left its policy unchanged, disappointing some that expected an imminent adjustment to bond-buying. On the other hand, the Fed committed to maintaining Quantitative Easing until substantial improvement is achieved. The dollar strengthened at first before declining. Federal Reserve […]

16 December 20

U.S Stats, COVID-19 News, and Updates from Capitol Hill in Focus U.S economic data, COVID-19, and chatter on Brexit and from Capitol Hill will be in focus. Economic data from China was skewed to the positive this morning. The Day Ahead: For the EUR It’s a relatively quiet day ahead on the economic calendar. Finalized […]

15 December 20

U.S Stats, COVID-19 News, and Updates from Capitol Hill in Focus U.S economic data, COVID-19, and chatter on Brexit and from Capitol Hill will be in focus. Economic data from China was skewed to the positive this morning. The Day Ahead: For the EUR It’s a relatively quiet day ahead on the economic calendar. Finalized […]

14 December 20

Last full week of 2020 kicks off with Brexit and US stimulus optimism Markets are moving higher as Brexit and US stimulus talks continue ahead of the first vaccinations against COVID-19 in the US. US Stimulus: A bipartisan group of lawmakers is set to present two separate bills, one including liability protection for companies and […]

11 December 20

Stocks subdued by Brexit, U.S. stimulus doubts World shares slipped on Friday as tricky Brexit negotiations and uncertainty over U.S. stimulus talks capped riskier bets even though COVID-19 vaccines made progress, pushing sterling down and keeping the dollar weak.  European equities fell, with the broad Euro STOXX 600 down 1.1% and indexes in Paris and […]

10 December 20

EUR/USD Forecast: Will the ECB deal a third blow to the euro? Bears are gaining strength A three-course dinner failed to bring the UK and EU closer together to a Brexit deal – and a bipartisan proposal in Washington also falls short of sealing a fiscal stimulus deal. Both sets of negotiations remain stuck and […]

09 December 20

Markets encouraged by stimulus prospects, Brexit Summit, BOC eyed US fiscal stimulus: Senate Majority Leader Mitch McConnell, a Republican, seems ready to agree on a stimulus bill worth around $900 billion. While the GOP is still at odds with Democrats over the details, investors hope a deal could be struck during the lame-duck session. Germany […]

08 December 20

Economic Data and Brexit Keep the EUR and the Pound in the Spotlight While economic data will draw interest, it’s crunch time in Brexit talks. Expect plenty of sensitivity to updates from Brussels. The Day Ahead: For the EUR It’s a busy day ahead on the economic calendar. ZEW Economic Sentiment figures for Germany and […]

07 December 20

Rising Sino-American tensions curb vaccine and stimulus enthusiasm, Brexit eyed The first full week of December kicks off with a mixed market mood. New US sanctions on Chinese officials weigh on the market mood while weak Nonfarm Payrolls raise hopes for a stimulus package. The FDA is set to approve a COVID-19 vaccine later in […]

04 December 20

Dollar bounces amid vaccine, stimulus concerns ahead of Nonfarm Payrolls The dollar has stabilized after suffering a downfall on Thursday. One of the reasons for the dollar’s comeback and the cooling in markets has been a drop in chances for a stimulus package. Senate Majority Leader Mitch McConnell said he still prefers a small relief […]

03 December 20

Service Sector PMIs, Brexit, and Vaccine News Updates in Focus It’s a busy day ahead on the economic calendar. Service sector PMIs and U.S jobless claims will be in focus. Brexit and COVID-19 remain key drivers, however. The Day Ahead For the EUR It’s a busy day ahead on the economic calendar. Spanish and Italian […]

02 December 20

Dollar licks its wounds as Biden cools on China, vaccine, stimulus and data eyed The US dollar is marginally bouncing as President-elect Joe Biden wants to keep tariffs on China unchanged at first. The UK’s approval of a coronavirus vaccine helps sustain an upbeat mood. ADP’s jobs figures, Fed Chair Powell’s testimony, fiscal stimulus, and […]

01 December 20

New month, fresh market gains, PMIs, Powell’s testimony and Brexit eyed New month: November ended with a drop in stocks, correcting only a fraction of the considerable gains recorded during the month. The US dollar bounced back on Monday. After the dust settled, the greenback is on the back foot, equities are upbeat and also […]

30 November 20

Gold melts, dollar declines, Brexit and OPEC headlines eyed A busy week kicks off with stocks, gold, and the dollar all edging lower together as November draws to an end. Fresh Brexit optimism is supporting the pound while oil is struggling with OPEC+ disagreements. Vaccine developments and data releases are eyed. Gold has been extending […]

27 November 20

Gold Price Analysis: XAU/USD hangs near multi-month lows, just above $1800 mark Gold continues to find some support ahead of the 200-day SMA, around $1800 mark. A subdued USD demand was seen as a key factor that benefitted the yellow metal. COVID-19 vaccine optimism undermined the safe-haven commodity and capped gains. Gold has managed to […]

26 November 2020

Economic Data, the ECB, and Brexit Put the EUR and the Pound in Focus Economic data and the ECB monetary policy meeting minutes will put the EUR in the spotlight. For the Pound, Brexit updates will be key. Earlier in the Day: It’s was a relatively quiet start to the day on the economic calendar […]

25 November 20

Economic Data Puts the U.S Dollar and the U.S Economy in the Spotlight It’s a busy day ahead on the economic calendar, with U.S stats in focus. The markets may be in a forgiving mood… The FOMC minutes will also draw interest. The Day Ahead: For the EUR It’s a relatively quiet day ahead on […]

24 November 20

Forex Today: Dollar retreats as Biden transition kicks off, Yellen is back, data eyed Transition: President Donald Trump finally authorized his administration to allow a transition to his successor Joe Biden. While Trump continues fighting in courts, the certification of his loss in Michigan and pressure from fellow Republicans pushed him to allow the General […]

23 November 20

Private Sector PMIs and Brexit Put the EUR, the Pound, and the Dollar in Focus It’s a busy day ahead, with private sector PMI numbers in focus. Brexit, COVID-19, and U.S stimulus package updates will also influence. The Day Ahead: For the EUR It’s a busy day ahead on the economic calendar. Prelim private sector […]

20 November 20

Economic Data Puts the Loonie, the Pound, and the EUR in Focus A busier economic calendar, COVID-19 news, Brexit updates, and chatter from Capitol Hill will keep the markets busy today. The Day Ahead: For the EUR It’s a relatively quiet day ahead on the economic calendar. German wholesale inflation and Eurozone consumer confidence figures […]

19 November 20

Economic Data, COVID-19, and the EU Summit Put the USD, EUR, and the GBP in Focus While economic data put the Dollar in focus, the EU Summit will place the EUR and the Pound in the Spotlight. For the EUR It’s a particularly quiet day ahead on the economic calendar. There are no material stats […]

18 November 20

Brexit and Inflation Figures Put the Pound in the Spotlight Brexit and October inflation figures put the Pound in focus. COVID-19 news and chatter from Capitol Hill will also need monitoring. The Day Ahead: For the EUR It’s a relatively quiet day ahead on the economic calendar. Finalized October inflation figures for the Eurozone are […]

17 November 20

Economic Data and Brexit Put the Dollar and the Pound in the Spotlight The Day Ahead: For the EUR It’s a particularly quiet day ahead on the economic calendar. There are no material stats to provide the EUR with direction. A lack of stats will leave updates on Brexit talks and COVID-19 to influence on […]

16 November 20

Economic Data from China Sets the Tone, with COVID-19 and Brexit in Focus The Dollar falls back early in the day, with economic data from China continuing to support riskier assets. Brexit and COVID-19 remain in focus, however. The Day Ahead: For the EUR It’s a relatively quiet day ahead on the economic calendar. Finalized […]

13 November 20

Consumer Sentiment, COVID-19, and Capital Hill Puts the Dollar in Focus For the EUR It’s a relatively busy day ahead on the economic calendar. Trade data and 2nd estimate GDP numbers for the 3rd quarter are due out for the Eurozone. Finalized October inflation figures for Spain and France are also due out Barring deviation […]

12 November 20

Dollar rises as current virus spread outweighs vaccine hopes, central bankers eyed US coronavirus cases have hit a record high above 144,000 and hospitalizations topped 65,000 for the first time. Deaths are also on the rise as the winter wave is worsening. Germany’s caseload has stabilized but mortalities are on the rise while Italy is […]

11 November 20

Markets torn between covid resurgence and vaccine hopes, kiwi jumps, Lagarde eyed Markets are edging higher and the dollar is on the back foot as the surge of COVID-19 cases counters the dramatic vaccine announcement on Monday. NZD/USD stands out and ECB President Christine Lagarde is awaited as several countries are off for a bank […]

10 November 20

Economic Data Puts the EUR and GBP in Focus, while Capitol Hill Remains in the Spotlight While economic data will put the EUR and the Pound in focus, U.S politics, COVID-19, and Brexit news will also influence. For the EUR It’s a relatively busy day ahead on the economic calendar. November’s ZEW Economic Sentiment figures […]

09 November 2020

A Light Economic Calendar Leaves Capitol Hill, COVID-19, and Brexit in Focus For the EUR It’s a relatively quiet day ahead on the economic calendar, with Germany’s trade data for September in focus. As the Eurozone falls to a 2nd wave of the COVID-19 pandemic, however, the stats are unlikely to have a material impact. […]

06 November 2020

U.S Politics and Nonfarm Payrolls and Brexit Keep the Dollar and the Pound in Focus The Day Ahead: For the EUR It’s a relatively busy day ahead on the economic calendar. Key stats include German industrial production figures for September and 3rd quarter nonfarm payrolls from France. Following better than expected survey-based data from Germany […]

05 November 2020

Geopolitics, the BoE, and the FED Put the Pound and the Dollar in the Spotlight As the markets look for some clarity on the U.S election, Brexit, the BoE, and the FED will also influence throughout the day. The Day Ahead: For the EUR It’s a relatively busy day ahead on the economic calendar. Key […]

04 November 2020

Economic Data Takes a Backseat. The Focus Will be on Electoral College Votes… The markets are in for a choppy day ahead as Electoral College vote counts roll in. Expect economic data to have a limited impact on the day. For the EUR It’s a particularly busy day ahead on the economic calendar. Key stats […]

03 November 2020

Calm before the US elections storm, gold extends recovery, Bitcoin falls Markets are relatively calm as US Election Day dawns in Europe. Trump is trailing Biden yet the battle is close in swing states. The dollar is stable, gold and oil have been edging higher and Bitcoin is on the back foot. Coronavirus cases continue […]

02 November 2020

Private Sector PMIs, COVID-19, and U.S Politics Keep the EUR, GBP, and USD in Focus For the EUR It’s a busy day ahead on the economic calendar. Key stats include October manufacturing PMI figures for Italy and Spain. Finalized PMIs are also due out of France, Germany, and the Eurozone. Barring any marked downward revisions, […]

30 October 2020

USD/JPY bounces-off lows near 104.10, not out of the woods yet USD/JPY remains under heavy selling pressure ahead of the European open, as the bears eye a break below the September low of 104.00 amid persistent risk-off mood. Thursday’s sharp rebound from five-week lows of 104.03 to 104.72 is almost nearing its end, as the […]

29 October 2020

Dollar takes a breather ahead of critical US GDP, covid-clouded ECB decision Markets are attempting recovery and the dollar is down, partially reversing Wednesday’s trends. The German and French lockdown announcements serve as a stark backdrop to the ECB’s decision. US GDP ahead of the elections, where Biden continues leading. Economists expect the European Central […]

28 October 2020

Euro wilts as coronavirus lockdown worries hurt sentiment The euro fell against the dollar on Wednesday following a media report that France’s government was leaning toward reinstating a national lockdown to curb a resurgence in coronavirus cases. The dollar, however, gave up early gains and fell against the yen as sentiment turned bearish due to […]

27 October 2020

Markets licking their wounds from covid-related rout, US data eyed The dollar is attempting a recovery and S&P 500 futures are advancing after the index fell by 1.86% on Monday. The rout was triggered by growing concerns about increasing coronavirus cases in Europe and the US. Restrictions imposed across the old continent have yet to […]

26 October 2020

Covid concerns and fading stimulus hopes boost dollar, weigh on gold, politics eyed Coronavirus in Europe: Several European countries reported record COVID-19 infections and growing pressure on hospitals. Among the most significant developments are a caseload of over 50,000 in France and a new state of emergency in Spain. EUR/USD has fallen off the highs […]

23 October 2020

European Equities: Private Sector PMIs, COVID-19, and U.S Politics in Focus From the U.S It was also a busier day on the economic calendar, with the weekly jobless claims and existing home sales figures in focus. In the week ending 16th October, initial jobless claims came in at 787k, which was well below a forecasted […]

22 October 2020

Foreign intervention in US elections weighs on mood, jobless claims, politics eyed President Donald Trump and challenger Joe Biden will clash in the final debate late on Thursday. Recent national and state polls have been pointing to some tightening, yet the Democratic candidate remains in the lead. 12 days ahead of Election Day, around 44 […]

21 October 2020

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Bullish News Will Fuel Rally to 11920.25 – 11997.75 December E-mini NASDAQ-100 Index futures rose on Tuesday after White House Chief of Staff Mark Meadows said that House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have made “good progress” on stimulus talks, before adding that they […]

20 October 2020

A Quiet Economic Calendar Leaves U.S Politics, COVID-19, and Brexit in Focus The Day Ahead: For the EUR It’s a quiet day ahead on the economic calendar. Wholesale inflation figures for September are due out of Germany. We don’t expect too much influence on the EUR, however, with COVID-19 numbers and any Brexit chatter in […]

19 October 2020

Dollar retreats amid fresh stimulus hopes, some upside in China’s GDP US Retail Sales beat estimates with a leap of 1.9% in September, showing the resilience of the economy and potentially reducing the need for additional support from the government. Pelosi set Tuesday as a deadline to conclude talks while Senate Republicans are focused on […]

16 October 2020

Dollar dominates amid stimulus and Brexit uncertainty, ahead of US retail sales Fiscal stimulus: President Donald Donald Trump wants a large relief package Congress, above $1.8 trillion already offered. However, Senate Republicans are willing to allow for only $500 billion and House Democrats want $2.2 trillion. Brexit: UK Prime Minister Boris Johnson is set to […]

15 October 2020

Dollar finds its feet amid stalled stimulus talks, ahead of US data, EU Summit US fiscal stimulus talks are going nowhere fast. Less than three weeks ahead of the elections, Treasury Secretary Steven Mnuchin seems frustrated by the lack of progress. He was one of the proponents of negotiating a large relief package, contrary to […]

14 October 2020

Dollar gains on hold as risks keep speculators at bay The U.S. dollar held onto gains against most currencies on Wednesday as renewed questions about a coronavirus vaccine and lack of an agreement on additional U.S. fiscal stimulus prompted a shift to safer assets. The yuan was little changed versus the dollar after the central […]

13 October 2020

Dollar’s haven demand back in vogue amid stimulus delay, vaccine trial pause Shrugging-off the Wall Street tech rally, the market mood remained tepid so far this Tuesday, in the face of skepticism over a likelihood of a US fiscal stimulus deal to be reached soon. Further, news that the UK pharma giant, Johnson and Johnson, […]

12 October 2020

A Quiet Economic Calendar Leaves Brexit, COVID-19, and U.S Politics in Focus The Day Ahead for the EUR: It’s a particularly quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction. A lack of stats will leave the EUR in the hands […]

09 October 2020

Gold gains as easing dollar, U.S. stimulus hopes bolster appeal Gold prices rose 1% on Friday, supported by a weaker dollar and optimism over a new U.S. coronavirus relief package after President Donald Trump said talks with Congress had restarted. Spot gold gained 0.9% to $1,910.96 per ounce by 0310 GMT. It was up 0.7% […]

08 October 2020

U.S Politics, Economic Data, and the ECB Minutes to Influence It was a mixed day for the European majors on Wednesday. The DAX30 rose by 0.17%, whilst the CAC40 and EuroStoxx600 slipped by 0.27% and 0.12% respectively. Economic data from Germany in the week continued to provide support to the DAX. While industrial production numbers […]

07 October 2020

Trump’s stimulus tweets cause market havoc, FOMC Minutes, Lagarde eyed Markets are trying to stabilize after Trump tweeted support for several measures, contradicting his previous announcement about ending talks with Democrats. US politics, the Fed’s meeting minutes, and a speech by Lagarde stand out. President Donald Trump tweeted his support for aiding airlines, payroll protection, […]

06 October 2020

Dollar on defensive as U.S. stimulus hopes, Trump discharge boost risk sentiment The dollar was softer against riskier currencies on Tuesday on rising optimism that U.S. lawmakers could agree on new stimulus to blunt the economic impact of the coronavirus. Risk appetite also improved after U.S. President Donald Trump left the hospital and returned to […]

05 October 2020

Optimism about Trump’s potential discharge lifts markets, stimulus news eyed President Donald Trump’s doctors painted an upbeat picture on Sunday, saying the Commander-In-Chief is improving. Trump later released a video and did a short drive-by, waving to supporters outside the Walter Reed hospital. However, the physicians also revealed that the president is receiving an aggressive […]

02 October 2020

Trump contracts COVID-19, risk-off mood ahead of Non-Farm Payrolls President Donald Trump has tested positive for coronavirus, triggering a high dose of uncertainty and a risk-off mood weighing on stocks while boosting the safe-haven dollar and yen. Non-Farm Payrolls are set to show a slower restoration of jobs and will have a hard time competing […]

01 October 2020

High hopes for US fiscal stimulus boost sentiment, NFP hints eyed US Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi have both reported progress in agreeing on a new fiscal stimulus bill after several measures expired in late July and seem to be weighing on the economy. Layoff announcements by Disney and airlines may […]

30 September 2020

Dollar rises after an ugly presidential debate, US data, end-of-month flows eyed President Donald Trump and rival Joe Biden clashed in an acrimonious televised debate. S&P 500 futures advanced at first but retreated as Trump refused to say he would accept the election results. Biden came into the televised clash with a lead and it […]

29 September 2020

Dollar declines on hopes for a US fiscal deal, ahead of presidential debate The dollar is edging lower in a risk-on mood. Talks between Republicans and Democrats continue in Washington, with House Speaker Nancy Pelosi offering a new deal worth $2.2 trillion. The fresh hopes replace the narrative that the focus on nominating a new […]

28 September 2020

EUR/USD: No signs of receding demand for safety, 1.15 at sight EUR/USD plummeted to 1.1615, its lowest level since late July. The pair has posted an interim top at 1.2011 and heads lower, with 1.1500 at sight, as the greenback’s positive momentum will likely extend heading into the next Nonfarm Payroll report release, FXStreet’s Chief […]

25 September 2020

Gold cheers reduced US dollar’s demand amid stimulus hopes The US dollar held steady, following the retracement from two-month highs, as persistently higher US Jobless Claims offset optimism over a likely US fiscal stimulus deal. Also, a mixed message from the US Federal Reserve (Fed) policymakers on the inflation and employment front left investors in […]

24 September 2020

Dollar in demand as equities retreat on virus concern The dollar held onto gains against most currencies on Thursday as signs of an economic slowdown in Europe and in the United States revived concerns about the fallout from a second wave of coronavirus infections. The euro, already hit by worries about a return to severe […]

23 September 2020

Dollar rises on coronavirus unease, Aussie and Kiwi hurt by rate outlook The U.S. dollar rose against major currencies on Wednesday, supported by positive U.S. economic data and concerns about a second wave of coronavirus infections in Europe and Britain. Both the Australian and New Zealand dollars were undermined by a dovish slant on policy […]

22 September 2020

USD/CHF to continue the correction higher on a break above 0.9173 – Commerzbank “USD/CHF has eroded its four-month downtrend. The close above here introduces scope for a deeper correction to the 55-day ma at 0.9173, which is currently holding and potentially the 38.2% retracement of the move down from the March peak at 0.9342.” “It […]

21 September 2020

US dollar sags amid fiscal overhang, mounting coronavirus risks The US dollar remained on the defensive starting out a fresh week this Monday, extending last week’s softness, courtesy of the gridlock on the US fiscal stimulus. The US lawmakers are still nowhere near agreeing on new relief aid, which could likely thwart the nascent economic […]

18 September 2020

WTI bulls ignore the return of Gulf oil producers around mid-$41.00s WTI seesaws near the early-month highs while taking rounds to $41.45/50 ahead of Friday’s European session. In doing so, the energy benchmark pays a little heed to Reuters’ piece conveying restoration of oil rigs in the Gulf of Mexico. The reason could be traced […]

17 September 2020

Fed drives dollar higher, gold and stocks lower, BOE, jobless claims eyed The Federal Reserve’s reluctance to signal more stimulus despite cautious forecasts is weighing on stock markets and boosting the safe-haven dollar. Weekly jobless claims and the Bank of England’s decision stand out on Thursday. Fed: Jerome Powell, Chairman of the Federal Reserve, stressed […]

16 September 2020

Gold, oil, yen, improve positions ahead of the last pre-elections Fed decision The Federal Reserve is expected to leave its policies unchanged in its last elections before the elections. The Fed publishes new forecasts for growth, inflation, employment, and rates. These projections and Federal Reserve Chairman Jerome Powell’s tone are set to rock markets. Concerns […]

15 September 2020

Upbeat Chinese data boosts mood, Boris’ bill passes first hurdle, Gold shines Asian stocks and S&P500 500 futures are on the rise after China reported a 5.6% yearly increase in industrial output in August, while retail sales are up 0.5% YoY, also above estimates. The world’s second-largest economy also extended exemptions on some US goods […]

14 September 2020

Markets upbeat on vaccine, Japan selects new PM, Brexit saga moves to parliament Upbeat mood: The University of Oxford and AstraZeneca will restart their COVID-19 immunization Phase 3 trial in the UK. Pfizer, a larger pharma firm, said that a coronavirus vaccine could be given to Americans before year-end. S&P 500 futures are on the […]

11 September 2020

Dollar finds footing after stocks slide, Brexit fears hammer pound The dollar clung to gains on Friday after a rout in stocks sent nervous investors to its safety, while sterling was poised for its worst week since March as British plans to break a divorce treaty with Europe rekindled the specter of a no-deal Brexit. […]

10 September 2020

Brexit in deep crisis, vaccine hopes resurface, all eyes on the ECB The European Central Bank is set to leave its policy unchanged but take stock of the current economic situation. Reports suggest that the ECB’s new forecast will convey more confidence in the recovery, despite rising COVID-19 cases in the old continent. EUR/USD advanced […]

09 September 2020

Dollar firms, yen up as tech selloff hits forex The dollar found support on Wednesday as a stock market slide spooked investors into selling riskier currencies, while worries about Brexit pushed the pound down to a new six-week low. The moves have made for a nearly 2% bounce in the greenback, against a basket of […]

08 September 2020

Geopolitics and Economic Data Put the Pound and the EUR in the Spotlight For the EUR It’s a busy day ahead on the economic calendar. Key stats include German trade figures and French nonfarm payrolls ahead of the final 2nd quarter GDP numbers for the Eurozone. With the ECB in action on Thursday, expect any […]

07 September 2020

EUR/USD to dive towards 1.1620 on a break below 1.1732 – Commerzbank EUR/USD extends its overnight range play below mid-1.1800 into the European session. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, is focused on the four-month uptrend at 1.1732 as a lost of this level will introduce scope for a slide towards the […]

2 September 2020

Brent Oil to hit $50 by year-end – OCBC “The twin hurricanes largely avoided the key ports and refineries in Texas. Prices at the back end have rallied with the hurricanes but do not appear to have corrected as much as the front end of the curve.” “US crude oil inventories declined for the fifth consecutive week; […]

1 September 2020

USD/CAD Price Analysis: Bears eyeing a test of critical support at 1.2950 USD/CAD extends its six-day losing streak and breaches the 1.3000 level, as the bears look to test the critical support near 1.2950 amid relentless selling seen in the US dollar across the board. The slide in the major can be partially attributed to the […]

31 August 2020

EUR/USD: Bulls about to resume the rally “EUR/USD is trading above the 50, 100, and 200 Simple Moving Averages on the 4-hour chart and benefits from upside momentum. The Relative Strength Index is below 70, thus outside overbought conditions.” “Resistance awaits at 1.1930, the daily high, followed by 1.1965 – the two-year high recorded in […]

28 August 2020

Microsoft Rallies To New High Ahead Of TikTok News Wall Street And Technical Outlook Wall Street has been wildly bullish on the tech giant for many years, with good reason, while current consensus translates into a ‘Strong Buy’ rating, based upon 26 ‘Buy and just 3 ‘Hold’ recommendations. No analysts are recommending that shareholders sell […]

27 August 2020

Gold: Technical set up backs the case for the upside “As it is all about the Powell speech on Thursday, the powerful 21-hourly Simple Moving Average (HMA), currently at $1938, is seen offering immediate support to the gold bulls.” “A break below which the horizontal 100-HMA at $1934 will be tested. Should the bulls fail […]

26 August 2020

WTI Price Analysis: Probes lower band of Bollinger with mild losses above $43.00 WTI drops to $43.38, down 0.20% on a day, ahead of Wednesday’s Asian session. In doing so, the oil benchmark fades Tuesday’s upside momentum that challenged the monthly high near $43.65. However, the oil prices are currently testing the lower band of […]

25 August 2020

EUR/JPY to retest the 126.75 level – Commerzbank EUR/JPY gained 0.11% on Monday, ending a six-day losing streak, after nearing the uptrend at 124.34. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, recommends raising the stop to 124.30, partially cover 126.75 and exit the remainder 127.50. Key quotes “EUR/JPY has slipped back to […]

24 August 2020

WTI Price Analysis: Mildly bid above $42.00 in Asia even as bounce off 200-bar SMA fades WTI eases to $42.35 while heading into Monday’s European market open. The oil benchmark earlier bounced off 200-bar SMA at the start of the week. However, the upside momentum couldn’t get support from MACD and reversed earlier than the […]

21 August 2020

Forex technical analysis and forecast: Majors, equities and commodities EUR/USD, “Euro vs US Dollar” After finishing the descending wave at 1.1900 and then forming a new consolidation range around this level, EURUSD has broken it to the downside to reach 1.1835; this entire structure may be considered as the third wave. Today, the pair may […]

20 August 2020

King dollar holds the reign, gold licks wounds ahead of US Jobless Claims The US dollar kept its recovery momentum intact on Thursday, consolidating Wednesday’s solid comeback led by a strong bond auction, further accelerated by the FOMC July meeting’s minutes. FOMC minutes showed that the Fed officials raised doubts over the potential benefits of […]

19 August 2020

Forex technical analysis and forecast: Majors, equities and commodities EUR/USD, “Euro vs US Dollar” After finishing the ascending structure at 1.1894 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to reach 1.1964 and may continue trading upwards with the target at 1.2080. Today, the pair may […]

18 August 2020

GBP/USD consolidates gains above 1.3100, Brexit negotiations in focus GBP/USD seesaws in a choppy range above 1.3100 heading into the London open on Tuesday. Even so, the Cable rises for the fourth day in a row ahead of the key seventh round of EU-UK talks over post-Brexit ties. Persistent dollar weakness offers support to the […]

17 August 2020

Forex technical analysis and forecast: Majors, equities and commodities EURUSD, “Euro vs US Dollar” After finishing another ascending wave at 1.1860 and then reaching 1.1818, EURUSD has formed a new consolidation range around the latter level just to break it to the downside and reach 1.1793; right now, it is growing to return to 1.1818 […]

14 August 2020

Three reasons for the greenback comeback, all eyes on retail sales The US dollar has been gaining ground once again as the bond-yield pendulum swings up again. Washington’s fiscal impasse, a weak bond auction, upbeat jobless claims, and Sino-American relations will make way for retail sales figures for July. Unsuccessful auction: After the 10-year bond […]

13 August 2020

GBP/USD faces strong resistance at 1.3115 – UOB 24-hour view: “We highlighted yesterday that ‘downward momentum is beginning to improve and, GBP could drift lower to 1.3005’. GBP subsequently dipped to a low of 1.3006 before rebounding quickly. While the recovery lacks momentum, there is room for GBP to edge higher even though the strong […]

12 August 2020

EUR/USD Forecast: Bullish potential still limited short-term EUR/USD short-term technical outlook The EUR/USD pair has briefly fallen below the 23.6% retracement of its July/August rally at 1.1740,t settling a few pips below it. From a technical point of view and in the short-term, the bullish potential seems limited, given that in the 4-hour chart, the […]

11 August 2020

EUR/GBP starts to break down from its range – Commerzbank EUR/GBP is flat on Tuesday morning as trades at 0.8980. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that the pair lost steam ahead of the 55-day ma at 0.9051 and expects a drop towards the 0.8931 July low. Key quotes “EUR/GBP […]

10 August 2020

EUR/JPY Price Analysis: Monthly support line probes sellers below 125.00 EUR/JPY remains on the back foot for the second consecutive day as it takes rounds to the intraday low of 124.67, currently around 124.73, while heading into the European session on Monday. During the last week, the pair failed to extend its north-run beyond the […]

07 August 2020

Dollar ticks up after Trump’s TikTok move, all eyes on Non-Farm Payrolls The dollar has been rising across the board, including against gold, which is trading close to $2,050 after hitting $2,074.98 – a new all-time high. The US president also threatened to use an executive order to force an agreement on a fiscal relief […]

06 August 2020

Dollar down, gold up amid stalled fiscal talks, vaccine hopes, ahead of jobless claims The US dollar remains on the back foot while gold shines, following experienced on Thursday, partially in response to hints of weak Non-Farm Payrolls. US jobless are eyed on Thursday. Hopes of a coronavirus vaccine boost markets while ongoing fiscal talks […]

05 August 2020

Forex technical analysis and forecast: Majors, equities and commodities EUR/USD, “Euro vs US Dollar” After finishing the descending impulse at 1.1700, EURUSD is correcting towards 1.1800. After that, the instrument may form a new descending structure to break 1.1700 and then continue trading downwards with the short-term target at 1.1588. https://www.investing.com/charts/forex-charts GBP/USD, “Great Britain Pound […]

04 August 2020

Forex technical analysis and forecast: Majors, equities and commodities EUR/USD, “Euro vs US Dollar” After reaching 1.1900 and then finishing the descending impulse at 1.1760, EURUSD is consolidating near these lows. If later the price breaks this range to the downside, the instrument may form a new descending structure to reach 1.1690; if to the […]