Gold heads for a test of $1900 For the first time in a while, a threat of covid restrictions becomes an overriding market theme again. Austria has announced a new lockdown, Germany could follow suit. The Swiss franc, dollar, yen led the growth in FX ...

Daily Market Insights & Charts

The Dollar still has chances to rise this week The week began with a broad greenback retreat, but with varying intensity, from weak to moderate. Industrial output and retail sales in China slowed less than expected, dampening risk aversion somewhat ...

Daily Market Insights & Charts

GBP, EUR may soon find support thanks to strong technical levels Much of the fall in EURUSD this week was due to the widening of the rate differential between short-term EU and US bonds. Following the CPI release on Wednesday, the yield gap rose 4 ...

Daily Market Insights & Charts

Three key inflation factors in the US to watch for according to Goldman The dollar came under pressure on Tuesday, as bond yields of longer maturity fell in the US and risk assets, in particular US stock indices, find little resistance near recently ...

Daily Market Insights & Charts

Dollar consolidates after a pullback, traders eye US CPI report High inflation and central banks’ reaction function to it continue to remain the major trading themes this week. On Wednesday, bond and FX USD markets will zero in on October US CPI ...

Daily Market Insights & Charts

USD may extend the rally on the FOMC hawkish surprise The dollar rose sharply on Friday, breaking through a corrective channel and bouncing off a key bullish support line (scenario discussed on Friday): image One of the key drivers of the rally ...

Daily Market Insights & Charts

Key USD bearish threshold remains intact Eurozone inflation was materially higher than the consensus forecast in October, making it slightly difficult for the ECB to maintain a huge stimulus bias in the monetary policy. The data on Friday showed ...

Daily Market Insights & Charts

Bearish signals mount for the European currency The S&P 500 hit a fresh high on Monday, despite the growing chances of policy tightening by the Fed as investors focus on surprises in US corporate reports and sliding Treasury yields. Tesla's ...

Daily Market Insights & Charts

Stagflation may be soon become the biggest worry for financial markets Worries about so-called stagflation - a combination of low growth and high inflation - continue to mount among asset managers, the latest BofA report shows. In the last survey, ...

Daily Market Insights & Charts

UK employment report opens the door for Pound’s short-term gains The pound battles for a place under the sun after release of the latest jobs report. British firms increased hiring at a record pace in August, shortly before the end of the ...

Daily Market Insights & Charts

Bond markets discount weak NFP, focus is back on inflation Weaker-than-expected September NFP report put a drag on broad USD rally. On Monday greenback index struggles to resume advance, hovering not far from 94 points, forming a breakout “triangle” ...

Daily Market Insights & Charts

Inflation threat worries US bonds American markets closed with gains, but US equity futures today are on a slippery slope largely due to the pressure from rising Treasury yields. The yield on 10-year securities broke through the local high of 1.55%, ...

Daily Market Insights & Charts

ISM data may boost chances for hawkish NFP outcome FX price action on late Monday showed that investors still favor dollar despite recent gains, and the story of China defaults weighs on demand for risk. Among the G10 currencies, NZD has the largest ...

Daily Market Insights & Charts

Inflation threat puts central banks on alert Financial markets are increasingly discussing inflation surge as shortages arising in the commodity markets increase risk of price pressures being far more persistent that policymakers expect. After ...

Daily Market Insights & Charts

Pullback in oil has well-defined support level The rotation of investors from developed economies with low interest rates to the US continued on Thursday. The core driver of this trend is accelerating growth of real interest rate in the US economy: ...

Daily Market Insights & Charts

Oil prices poised to challenge yearly highs before the OPEC meeting The week of central bank meetings is over and the focus of market participants shifts to the US politics, energy markets, Treasuries sell-off and Eurozone inflation figures. If the ...

Daily Market Insights & Charts

The Fed is about to unwind stimulus, but is the US economy ready for it? Risk assets came under serious pressure at the beginning of the week, although the first signs of a sell-off appeared as early as last Friday. S&P 500 futures were down 1% on ...

Daily Market Insights & Charts

US August inflation: more price gains ahead but not enough for September Fed policy shift US price pressures somewhat receded in August, reflecting mainly the cooling off in consumption hot spots which emerged after the lifting of social ...

Daily Market Insights & Charts

Preview of the trading week: Watch out for FX and equity rotations before the Fed meeting The beginning of the week turned out to be quite calm and measured for FX space as investors are making necessary rotations before a number of central bank ...

Daily Market Insights & Charts

The RBA gives green light to AUD decline, Euro waits for hawkish signals from the ECB As market volatility continues to dwindle, investors are likely to favor currencies where central banks are raising interest rates. However, paths of monetary ...

Daily Market Insights & Charts