14
Sep
AstraZeneca’s renewal of its coronavirus vaccine test is contributing to a better market mood, favorable for stocks and weighing on the dollar. Japan will have a new prime minister and the UK parliament will debate the controversial internal market bill today, aggravating relations with the EU. Below are thumbnail sketches of the events and data […]
10
Aug
Friday’s sharp corrective pullback in Gold (XAU/USD) was mainly driven by the broad-based US dollar rebound, as the US-China tech war escalation and US fiscal wrangling reinforced the haven demand for the greenback. Better US payrolls report, further, aided the dollar recovery from two-year lows. The bright metal dropped nearly 1.50% and settled at $2035 […]
01
Jun
Three major central banks meet this week, the Reserve Bank of Australia, the Bank of Canada and the European Central Bank. The first two will likely assure investors and businesses that they are prepared to do more if necessary, but are probably not going to take fresh initiatives. On the other hand, the ECB is […]
25
May
Brewing geopolitical risks helped investors take some risk off the table heading into the long weekend. The dollar rallied against most of its peers as tensions remain front and center for the world’s two largest economies. Renewed unrest in Hong Kong will continue to weigh on the overall outlook as Western nations contemplate how to [...]
04
May
What we are witnessing everyday due to a pandemic is often so crazy that it becomes extremely difficult to gauge the market and its trends. We’re into the second week of May and so far, things have not quite improved in terms of the pandemic. However, this week is equally crazy and twisted in terms [...]
27
Apr
Peak virus seemed to be the overriding theme of the week, with the rate of new cases and deaths falling in Europe and the United States, the COVID-19 epicentres. Plans appear to be accelerating also for partial reopening around the world. New Zealand returns to work tomorrow, Australia plans a partial effort this week, New [...]
20
Apr
While dozens of earnings reports are expected in the coming week and economic data will bring more insights into the impact of the coronavirus the main focus will still be on developments relating to the virus and how soon the economy can reopen. Authorities around the world are between a rock and a hard place: they [...]
13
Apr
It is no doubt that we’re battling the greatest ever economic devastation due to COVID19 pandemic. Last week, on Thursday, the weekly U.S. Jobless Claims remained the most important parameter to follow through the economic depression claim. The number of Americans seeking unemployment benefits in the last three weeks has topped 15 million. IMF Managing [...]
06
Apr
The Wrecking of the Virus U.S. stocks are set to open higher Monday, as investors take comfort from tentative signs the spread of coronavirus is slowing. The coronavirus outbreak has already caused severe disruption across the globe and economies, and it is likely that the effect will not die down for a considerably significant time [...]
11
Jul
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