Oil sinks on prospect of more supply
Overnight Headlines *USD backs off highs, JPY jumps as sentiment soured *US stocks closed in the red, Dow -0.58% *Oil skidded to a six-week low on concern about supply overhang…
Read More »EUR plunges to new cycle lows, 1.13 eyed
Overnight Headlines *USD hit a fresh 16-month high driven by EUR weakness *US stocks close little changed *Biden tells Xi US doesn’t support Taiwan independence *UK unemployment 4.3% vs 4.4%…
Read More »Dollar holds impressive gains into the weekend
Overnight Headlines *US stocks were mixed after the biggest fall in over a month *USD rose to 16-month highs, poised for its best week in almost five months *Oil dipped…
Read More »Events to Look Out for Next Week
Bond market volatility has picked up considerably in recent weeks, with markets swinging between excessive tightening concerns and growth pessimism. Central banks are struggling to stabilise expectations and may have…
Read More »BoE: Rates to Rise, but Less Than Markets Feared
The BoE wrong-footed markets and kept rates unchanged at today’s meeting, and while the central bank sent a clear signal that the Bank Rate will move higher in the coming…
Read More »Fed’s dovish taper, BoE’s dovish hike?
Overnight Headlines *US stocks closed at all-time highs…again *USD moved lower initially but is back above 94 *No surprises from patient Fed who trimmed bond buying by $15bn per month…
Read More »Euro Forecast: EUR/USD Rally More Likely After Traders Ignore Dovish Lagarde
The reaction in the FX markets to last Thursday’s comments by the ECB President was odd: she was dovish, yet the Euro climbed. That suggests more near-term upside for the…
Read More »Market Update – October 29 – USD Lower, Stocks Hit Highs, Apple & Amazon Miss
USD (USDIndex 93.45) slipped on Q3 GDP miss & ECB ending PEPP in March but neither ruling out nor confirming rate hikes. Yields remains main driver of sentiment as spreads…
Read More »Risk momentum a key driver of current sentiment
Overnight Headlines *US stocks hit fresh record highs, tech led the way *USD was mixed but closed higher as EUR faltered *Gold broke above $1800 and 200-day SMA again *Tesla…
Read More »Markets cautious ahead of a busy week
Overnight Headlines *US stocks closed mostly lower Friday, weighed by Powell comments *USD turned modestly weaker against its peers, except versus GBP *Oil settled higher for a seventh consecutive week…
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