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The news and analysis archive

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The news and analysis archive
16
Apr

EU CPI, US Housing Starts, Consumer Sentiment

While the dollar stabilized against other majors with the USDX moving slightly higher, EM pairs continued to move against the greenback with the USD/MXN pair falling for the first ...

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U.S. stocks made another lifetime high on upbeat earnings, economic data and easing of bond yields

U.S. stocks made another lifetime high on upbeat earnin...

Wall Street jumped Thursday and Dow Jones, S&P 500, Nasdaq all made fresh lifetime high on upbeat earnings, economic data (retail sales and jobless claims) and easing of bond yield...

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15
Apr

European CPIs, US Retail Sales and Jobless Claims

The dollar continued to weaken against other major currencies, as seen in the performance of the USDX chart, albeit at a relatively slow pace. In the meantime most EM pairs continu...

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Oil soared on upbeat demand forecast by OPEC and IEA coupled with unexpected inventory draw down report (EIA/API)

Oil soared on upbeat demand forecast by OPEC and IEA co...

Oil (WTI-Apr) made a mid-US session high around 63.44 Wednesday, jumped almost +5.40% on upbeat demand forecast by OPEC and IEA coupled with a surprised U.S. oil inventory draw dow...

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14
Apr

Earnings Season Starts, Cryptos and NASDAQ at Record

The US dollar continued weakening against other majors as the USDX continued to push lower. In emerging markets the trend was also mostly in favour of the EM pairs with crosses lik...

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Wall Street mixed amid ease of bond yields and rare, but the deadly side effect of J&J/adenovirus COVID vaccine

Wall Street mixed amid ease of bond yields and rare, bu...

Wall Street was trading mixed mid-Tuesday amid ease of bond yields and side effect of J&J/adenovirus COVID vaccine; Dow Future slips -0.16%, while Nasdaq Future jumped +1.05% and S...

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13
Apr

German ZEW Economic Sentiment, US Core CPI m/m

The dollar retreated once again on Monday against other major currencies with the dollar index (USDX) ending the day 0.15% lower, with no signs yet of returning to the recovery see...

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USDJPY slips on ‘Powell Put’ as Fed may go for gradual QE tapering and rate hikes only from Dec’22/23

USDJPY slips on ‘Powell Put’ as Fed may go for gradual ...

USDJPY made a low around 109.25 early U.S. Monday; slips almost -0.36% on ‘Powell Put’ as Fed may go for gradual QE tapering and rate hikes from Dec’22/23 despite the U.S. economy ...

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12
Apr

EU Retail Sales, German ZEW Economic Sentiment

The dollar showed little change on Friday against other major currencies with the dollar index (USDX) ending the day 0.09% lower, while on a weekly basis there appears to be a 0.94...

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9
Apr

US PPI, Canadian Unemployment, Italian Retail Sales

Sentiment in the FX market was a bit mixed, while the dollar again traded lower against other major currencies. Still, the AUD/USD pair was almost unchanged on a weekly basis, whil...

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Wall Street surged on lower bond yields & USD and easing of too high tax hike concern

Wall Street surged on lower bond yields & USD and easin...

Wall Street surged Thursday on lower bond yields & USD, but tax hike concern remains despite infra stimulus boost. Wall Street was boosted by upbeat economic data including U.S. NF...

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8
Apr

US Jobless Claims, EU PPI, Fed Chairman Speech

Crypto markets traded moderately lighter, with the total market capitalization again retreating below two trillion dollars. Bitcoin prices were down by around three per cent on a w...

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Gold stumbled as USD recovered on hopes of less dovish FOMC minutes

Gold stumbled as USD recovered on hopes of less dovish ...

Gold (XAU/USD-spot) made an early Wednesday U.S. session low around 1730.78, stumbled almost -0.75% as the US dollar index recovered from Tuesday’s slump on hopes of less dovish FO...

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7
Apr

EU Service PMI, U.S. Trade Balance, FOMC Minutes

The dollar continues to show weakness in recent days, following a very strong first quarter, as expectations are fading that the accelerating U.S. economic growth and inflation cou...

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6
Apr

EU Sentix Investor Confidence, US JOLTS Job Openings

Despite an equity market that seems to be surging on hopes that a strong economic recovery is underway, the dollar seems to be on a different path for the past few days reversing i...

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Dow soared on upbeat NFP job data and as Yellen downplayed inflation, batted for infra stimulus; may scale 41K by Mar’22

Dow soared on upbeat NFP job data and as Yellen downpla...

Dow Future soared almost +500 points mid-Monday on upbeat US NFP job and PMI data as U.S. Treasury Secretary Yellen batted for infra stimulus, while downplayed inflation. On Good-F...

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5
Apr

US ISM Services PMI, Factory Orders

Sentiment for the dollar has improved since the end of February, with the dollar index (USDX) ending in the positive for a 3rd week in a row, however against some emerging market c...

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ECB may not be able to hike rates/normalize even by 2024-25

ECB may not be able to hike rates/normalize even by 202...

On 11th Mar, ECB President Lagarde said in her ECB presser: Opening statement While the overall economic situation is expected to improve over 2021, there remains uncertainty surro...

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EURUSD slumped on COVID resurgence, slow progress of vaccinations but recovered on ease of US bond yield

EURUSD slumped on COVID resurgence, slow progress of va...

EURUSD made a 4-month low around 1.1703 Wednesday (31st March) on broad strength of US dollar amid reflation narrative, COVID resurgence, and slow progress of mass-vaccinations in ...

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2
Apr

US Non-Farm Payrolls, Unemployment Rate

As the dollar retraced from its recent high, some emerging market pairs like the USD/MXN and the USD/ZAR continued moving South and even the battered lira retreated from the weekly...

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