Tag: latest market analysis
18
Jan
The dollar strengthened on the back of a dismal market mood. Poor US employment and retail sales data spurred the sour sentiment, which extended into the weekly close. The greenback posted substantial gains against most of its major rivals. Concerns were triggered by a delay in the Pfizer’s vaccine distribution in Europe, which revived concerns [...]
11
Jan
Markets are opening with a small wobble on the risk axis this morning as perhaps investors reaching a near term inflexion point. However, it's too early to say as investors have their feet firmly planted and continue to roar like lions supported by a lengthy vaccine runway paved with US stimulus. Dramatic moves over the [...]
21
Dec
We are now heading into what would typically be a quiet time of year when everyone spends time with their loved ones and market activity is more muted. This isn’t a normal year, though, and while volumes may be low, activity will be anything but. There are key deadlines on both sides of the pond […]
30
Nov
December may normally be associated with everything slowing down as we ease our way into the festive period, but as with everything else in 2020, this is no normal December. Donald Trump is continuing to fight the election result and is going out swinging, Brexit talks are somehow still ongoing, the EU budget and rescue […]
13
Jul
Asian shares cheer the hopes of further corporate debt, increasing odds of the pandemic’s cure. Global virus numbers rise beyond 13.00 million with the US, Brazil and India on the top. Gilead’s Remdesivir, trials in the UK and Australia are all suggesting that the vaccine is nearer. Below are thumbnail sketches of the events and […]
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 [...]
02
May
On this first trading day of May the Federal Reserve reignited the US dollar’s rally. The greenback recovered all of its earlier losses and traded sharply higher after Fed Chairman Jerome Powell dismissed talk of easing. He said the Fed’s policy stance is “appropriate right now” and “we don’t see a strong case for moving in either [...]
25
Mar
EUR/USD Yesterday, EUR rose steadily against USD, retreating from lows since March 12, renewed late last week. EUR was supported by an unexpectedly strong IFO Germany business sentiment data. The March German Business Expectations rose from 93.8 to 95.6 points while the forecast was 94.0 points. German IFO Business Climate Index jumped from 98.7 to [...]
