June CPI report didn’t impress Powell leaving USD without support Powell’s cautious comments yesterday curbed USD gains and should support currencies which offer high interest rates as their appeal also depends on how long US interest rate will stay ...

Daily Market Insights & Charts

High US inflation doesn’t scare if we look under the hood of the report June inflation report came as a surprise to investors, however, there seems to be no major shift in Fed expectations after the release. The intraday market reaction after ...

Daily Market Insights & Charts

Dollar rise may continue this week. What are the key resistance levels? The Dollar index resumed rally on Monday amid signs of renewed distress in equity markets. Demand for Dollars could also start to pick up as investors price in potential bullish ...

Daily Market Insights & Charts

Preliminary data indicates US jobs market remained tight in June European indices remain on a slippery slope due to expectations of new covid restrictions. Intraday losses range from half to one percent. The June inflation release in the Eurozone ...

Daily Market Insights & Charts

Fears of new Covid-19 strain fuel risk-off USD rally The Dollar rose to the weekly high amid flight of investors from risk assets in Europe and Asia. A growing number of countries announce restrictions and partial lockdowns (for example, in ...

Daily Market Insights & Charts

Delta variant is getting on the market radar. What does it mean for equity markets? The newsflow related to the new Covid-19 delta variant is putting a dent on equity markets. What disturbs the most is that even countries with a high proportion of ...

Daily Market Insights & Charts

What we learned from the Fed this week. Is carry trade alive and well? Central banks of major advanced economies and emerging market countries have recently expressed completely different views on further near-term evolution of price growth - the ...

Daily Market Insights & Charts

USD, EUR, CAD weekly outlook: more hawkish Fed hints in cards Fed spokesman James Bullard dotted the i's, saying on Friday that Powell initiated discussion about reducing monetary stimulus (aka QE tapering). It is very strange that Powell himself ...

Daily Market Insights & Charts

Next week could be tough for low-yielding EUR, GBP and here is why May UK Retail sales came slightly worse than projections, following strong gains in April. However, like the United States, UK consumers boosted consumption of services that became ...

Daily Market Insights & Charts

Next week could be tough for low-yielding EUR, GBP and here is why May UK Retail sales came slightly worse than projections, following strong gains in April. However, like the United States, UK consumers boosted consumption of services that became ...

Daily Market Insights & Charts

Medium-term uptrend in EUR, GBP under threat after Fed surprise The Fed left its policy unchanged yesterday, but the updated forecasts and dot plot showed that the Central Bank does not believe in its own story about temporary high inflation. The ...

Daily Market Insights & Charts

Fed meeting impact will likely to be short-lived and here is why Greenback holds position on Monday after the short-squeeze last Friday. Gold resumed its plunge while nominal yield on long-dated US debt (Treasuries) remained subdued – in overall ...

Daily Market Insights & Charts

EIA data was a surprise for the market, casting doubts on US demand strength Oil prices came under pressure on Wednesday, WTI struggled to stay above the $70 mark. The catalyst for the decline was bearish EIA report on commercial oil and refined ...

Daily Market Insights & Charts

Taper or not to taper early? US May inflation report should help the Fed to make up its mind Oil prices rose on Tuesday continuing to develop modest upside momentum on Wednesday. WTI has broken the $70 per barrel mark for the first time since ...

Daily Market Insights & Charts

Only strong US inflation in May can save USD The dollar holds its ground on Tuesday counting on a strong positive surprise in the US May inflation report. The release is due on Thursday. Yellen's comments that high interest rates will be a plus for ...

Daily Market Insights & Charts

US inflation report may cause a major move in USD. Here is why. Last week, the struggle between USD bulls and bears was unusually evident: the dollar index jumped from 90 to 90.50 points following release of the ADP labor market report, however ...

Daily Market Insights & Charts

May NFP could fuel USD rally all next week The odds of the Fed departing from the policy of cheap money earlier than previously expected rose sharply on Thursday after release of the ADP report. The private research agency made highly upbeat ...

Daily Market Insights & Charts

Oil breakout sets the stage for the rally towards $75 mark Trading on FX was calm and uninteresting on Monday as UK and US markets were closed due to holidays. On Tuesday, we saw a weak attempt by the greenback to recover after the currency tumbled ...

Daily Market Insights & Charts

Dollar outlook for the week: more sales ahead of the NFP On Monday, the dollar index struggles to maintain support at 90 points. The attempt to go up on the inflation report failed miserably on Friday: image Annual inflation in the US in April was ...

Daily Market Insights & Charts

USD tactical retreat is probably over. What to expect on this week? No sooner had the US economy felt the effect of the two rounds of powerful fiscal spending, it is already being prepared for a new dose of steroids. However, this time, government ...

Daily Market Insights & Charts