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The news and analysis archive

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The news and analysis archive
Wall Street crumbled on the concern of stimulus, COVID and hedge fund liquidation

Wall Street crumbled on the concern of stimulus, COVID ...

On early Tuesday Dow Future crumbled almost -600 points on the concern of stimulus, COVID and hedge fund liquidation amid great gamma/short squeeze forced by the army of Robinhood ...

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27
Jan

FOMC Decision, Tesla, Facebook, Apple Earnings

The US dollar broadly declined against other major currencies. Even the USD/JPY pair, which has been rather stable over the past days finished the day in the red. This allowed emer...

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Big CARES Act 3.0 may be delayed beyond March as Biden will prefer a bipartisan agreement

Big CARES Act 3.0 may be delayed beyond March as Biden ...

Stimulus addicted Wall Street is now relying heavily on Biden’s CARES Act 3.0 plan for $1.90T by March’21. But that may be delayed (except PUA benefits extension) further as Biden ...

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Dow Future almost flat amid stimulus skepticism and IMF optimism over economic recovery

Dow Future almost flat amid stimulus skepticism and IMF...

On early Tuesday Dow Future was almost flat amid stimulus (CARES Act 3.0) skepticism and IMF optimism over economic recovery in 2021. The risk-trade was also under stress on COVID ...

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26
Jan

UK Unemployment, US House Prices, Consumer Confidence

The US dollar continued to improve against other major currencies and also some emerging markets by Tuesday morning. The USD/RUB pair moved for the first time since early December ...

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EURUSD slips on the concern of double-dip recession amid lingering COVID uncertainty

EURUSD slips on the concern of double-dip recession ami...

EURUSD closed around 1.21370 Monday, slips almost -0.25% on the concern of double-dip recession amid lingering COVID/lockdown uncertainty despite less dovish ECB hold (last week). ...

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Dow Future slips on hopes & hypes of an imminent CARES Act 3.0

Dow Future slips on hopes & hypes of an imminent CARES ...

On early Monday Dow Future slips on hopes & hypes of an imminent CARES Act 3.0. On Friday, Dow Future slumped almost -0.56% on stimulus (CARES Act 3.0) and corona lockdown suspense...

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25
Jan

Ifo Survey, Chicago Fed National Activity Index

The weak performance of the dollar, allowed also emerging market pairs like the USD/INR pushed lower, reaching the lowest level since June 2020. Meanwhile the USD/RUB pair jumped h...

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Gold wobbled on CARES Act 3.0 and COVID uncertainty

Gold wobbled on CARES Act 3.0 and COVID uncertainty

On an early U.S. session Friday, Gold (XAU/USD-spot) slips to a session low around 1837.47 from an earlier Asian session opening high around 1870.02 amid CARES Act 3.0 (Biden stimu...

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22
Jan

US Existing Home Sales, EIA Weekly Inventory Data, DE/E...

Sentiment in the foreign exchange markets was quite mixed with the USDX index showing a continued weakness of the dollar on Thursday, while some emerging market pairs like the USD/...

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Dow Future almost flat after 17% rally since Nov election on Biden optimism; what’s next?

Dow Future almost flat after 17% rally since Nov electi...

On mid-Thursday, Dow Future edged down after making a fresh lifetime high 31188 earlier on Goldilocks Bidenomics optimism. In his 20-minutes inaugural speech, Biden stressed democr...

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21
Jan

ECB Rate Decision, US Housing Data, Jobless Claims

The US dollar traded again somewhat lower by Thursday morning with some emerging market currencies also improving against the greenback. The USD/ZAR pair also continued on its down...

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U.S. stocks jumped as Wall Street cheered goldilocks Bidenomics

U.S. stocks jumped as Wall Street cheered goldilocks Bi...

On mid U.S. Wednesday, Dow Future jumped almost +250 points as Wall Street cheered Goldilocks Bidenomics. The risk trade is getting a boost on hopes of a big CARES Act 3.0 on Yelle...

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20
Jan

CPI Data, BoC Rate Decision, US Housing Market Index

The weakness of the dollar allowed other major currencies as well as emerging markets to further improve their position compared to the greenback. The sentiment in crypto markets ...

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Dow Future surged on Yellen’s fiscal bazooka optimism ahead of Trumpexit

Dow Future surged on Yellen’s fiscal bazooka optimism a...

On early Tuesday, Dow Future surged over +200 points on Yellen’s fiscal bazooka stress ahead of Trumpexit. Dow Future also jumped around +100 points jump in a holiday-thinned marke...

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19
Jan

Italian Trade Balance, German ZEW Survey, EU Current Ac...

While the US dollar trades still stronger compared to its position last week, by Monday and Tuesday morning a small retracement was observed in many dollar pairs to other major cur...

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Biden may have to compromise his COVID stimulus plan with Senate Republicans

Biden may have to compromise his COVID stimulus plan wi...

Biden’s COVID stimulus plan (CARES Act 3.0) for around $1.90T may be approved by the U.S. Senate in a bipartisan way for around $0.75T-$1.10T in the coming months as it will requir...

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The market is concerned about the political paralysis of Biden’s CARES Act 3.0 plan

The market is concerned about the political paralysis o...

On late Thursday, Biden officially unveiled details of his proposal - ‘America Rescue Plan’ (CARES Act 3.0) for around $1.90T, almost 9% of estimated U.S. GDP around $20.50T (2020)...

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Dow Future almost flat on political uncertainty of Biden’s CARES Act 3.0 plans

Dow Future almost flat on political uncertainty of Bide...

The U.S. Stock market (Dow Jones Industrial Average: DJ-30) closed around 30814.26 Friday, slips almost -0.57% (-177 points) on doubt about Biden’s CARES Act 3.0 (COVID fiscal stim...

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18
Jan

Italian CPI, Goldman Sachs, Netflix Earnings

The US dollar continued to improve against other major and emerging currencies with only few exceptions. One such exception was the Japanese yen (JPY) with the USD/JPY pair only sh...

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