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The news and analysis archive

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The news and analysis archive
Gold surged as Fed’s Powell sounded less hawkish on QE tapering

Gold surged as Fed’s Powell sounded less hawkish on QE ...

Although the U.S. economy is making progress, it’s not ‘substantial’ in Fed’s standard Gold (XAU/USD-spot) made a high around 1828 early Thursday and surged from the Fed’s ‘taper’...

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29
Jul

Amazon, MasterCard, Pinterest Earnings, German Unemploy...

The weak dollar allowed most other major and EM currencies to outperform it during the trading day on Thursday with further dollar-weakness seen by Thursday morning. The USD/INR pa...

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28
Jul

Facebook, Ford, PayPal Earnings, FOMC Decision

The dollar traded overall weaker against many other major and EM currency pairs with pairs like the USD/MXN or USD/RUB moving lower, while others like the USD/ZAR or USD/TRY ended ...

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ECB new strategy framework shows that the European Central Bank may not even think for any rate hikes before 2025

ECB new strategy framework shows that the European Cent...

·         Euro Area HICP core/headline inflation price index is quite volatile, unlike the U.S., leading to ‘always lower’ Y/Y rate far below 2%, but on an average annualized basis...

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Dow Future under stress on COVID Delta mutant scare and lingering suspense about Biden’s infra stimulus

Dow Future under stress on COVID Delta mutant scare and...

The U.S. stock market bounced back last week from COVID Delta mutant low on suspected PPT (Plunge Protection Team-NY Fed trading/treasury desk) and Biden intervention, infra stimul...

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27
Jul

Apple, Microsoft and Alphabet Earnings, Durable Goods O...

The impact of the weaker dollar was not only seen amongst major FX currency pairs but also in EM like the USD/TRY or USD/RUB, which after the initial surge higher on Monday morning...

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26
Jul

Lockheed Martin Earnings, German Ifo Survey, US Home Sa...

The dollar traded overall stronger against other major and EM currencies by Monday morning, with some few exceptions like the USD/INR pair, which continues trade side-ways. The USD...

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EURUSD slips as ECB’s Lagarde served old wine in a new bottle; new forward guidance more dovish than the old

EURUSD slips as ECB’s Lagarde served old wine in a new ...

EURUSD was already under stress on Delta mutant (COVID) spikes and slower than expected economic recovery. On ‘Super Thursday’, EURUSD slips further after the ECB presser, which lo...

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23
Jul

European PMI Data, Canada and UK Retail Sales

In the FX markets the US dollar traded overall moderately stronger against other majors as also seen in the performance of the USDX. There were however some exceptions like the GBP...

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USDJPY edged down on mixed jobless claims report but it shows good progress of Fed’s maximum employment goal

USDJPY edged down on mixed jobless claims report but it...

·         Fed may signal QE tapering in July meeting- starting with MBS from Dec’21; UST from July’22 and gradual rate hikes from Dec’22 amid ‘substantially’ higher inflation and g...

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22
Jul

ECB Rate Decision, US Jobless Claims, Leading Indicator...

The weakness of the dollar could easily be observed also in emerging markets, where pairs like the USD/TRY or USD/ZAR continued moving lower, while a strong break lower from the re...

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Wall Street bounced back from Delta mutant low on suspected PPT/Biden intervention

Wall Street bounced back from Delta mutant low on suspe...

·         Infra stimulus and earnings optimism ·         Oil recovered from Delta and OPEC production hike low ·         Biden’s inflation and Fed remark indicates that Powell may ...

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21
Jul

EIA Oil Data, Coca-Cola, J&J and Daimler Earnings

While the US dollar continued appreciating against other major currencies with the exception of the CAD and JPY which stabilised after the recent market moves, in emerging markets ...

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Oil plunged on OPEC+ gradual production hikes and COVID mutant spikes; what’s next?

Oil plunged on OPEC+ gradual production hikes and COVID...

Oil (WTI-Sep) closed around 66.42 Monday, plunged almost -6.63% on OPEC+ gradual production hikes and COVID mutant spikes. Oil made a low around 65.63 for the 1st time since late M...

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20
Jul

US Building Permits, API Data, Netflix Earnings

The US dollar traded stronger against most other major and emerging market currencies on Monday, with rather few exceptions, like the USD/JPY rate, which hit a new seven week low. ...

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Yellen is quite concerned about hotter inflation and housing market; Fed/Powell may signal an imminent MBS QE tapering

Yellen is quite concerned about hotter inflation and ho...

The U.S. Treasury Secretary Yellen is now also concerned about hotter inflation and the housing market. On late Thursday, Yellen said in an interview that she sees ‘several more mo...

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19
Jul

NAHB Housing Index, Earnings by IBM and Tractor Supply

The dollar moved higher on Friday, posting its largest weekly gain in one month with the USDX touching monthly highs last seen in April. The boost in the dollar came following upbe...

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Dow stumbled from 35K record high on increasing concern about COVID Delta mutant and Bidenflation

Dow stumbled from 35K record high on increasing concern...

The U.S. stock market stumbled from a record high Friday on increasing concern about COVID Delta mutant (in Europe as well as parts of America) and Bidenflation. Dow also tumbled a...

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16
Jul

EU CPI, Trade Balance, US Retail Sales and Consumer Sen...

Despite the strength of the dollar against most other major currencies as seen in the move of the USDX, emerging market currencies traded overall quite stable against the greenback...

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Wall Street slips as reflation optimism may turn into stagflation skepticism of the 1970s

Wall Street slips as reflation optimism may turn into s...

·         Powell fumbled on transitory ‘Bidenflation’ narrative ·         Fed may signal MBS QE tapering in July policy meeting Dow Future slips mid-Thursday as reflation trade op...

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