Dollar rebound will likely to be short-lived. Here is why The dollar index has crept above 90 level after the failed bearish retest of support at 89.65 which we discussed yesterday. However, it will be tough to extend the move as the Fed is probably ...

Daily Market Insights & Charts

Fed participates to the growing chorus of hawkish Central Banks Fed officials are beginning to gradually acknowledge that they are getting closer to the point where they begin to discuss a reduction in massive monetary support for the economy. "We ...

Daily Market Insights & Charts

Is it time to long oil? Declining US yields call for patience Oil prices stood offered on Tuesday after rising 3% on Monday, nevertheless swaying close to weekly highs as concerns that Iranian oil supply could quickly return to the market eased. ...

Daily Market Insights & Charts

The risk of early Fed QE withdrawal fails to soothe USD bears There was a slight increase in bearish pressure on US currency on Monday as support from two key factors – rising long-term US yields and sell-off in risk assets (i.e., stock market, ...

Daily Market Insights & Charts

Economic surprises drive EUR, GBP gains Asian markets retreated while European equities and US stock index futures failed to sustain recent rebound, turning red on Wednesday. Dollar index rebounded after a dip to the February low of 89.70 amid ...

Daily Market Insights & Charts

Oil’s retest of key resistance levels leaves USD vulnerable to attack The rally in Asian equity markets, positive news flow regarding the virus as well as oil move towards key levels, sparking momentum in the rest of commodity complex, put USD under ...

Daily Market Insights & Charts

Commodity market rally hits pause putting commdollars under pressure Risk assets and oil remain under pressure on Monday while gold and other safe heavens are marginally higher. Among numerous market developments we would note stabilization of ...

Daily Market Insights & Charts

The risk of commodity markets correction creates buying opportunity in USDCAD On Wednesday we see first signs of easing bearish grip on equities after the two-day violent selling. European markets are trading in positive area, US equity futures show ...

Daily Market Insights & Charts

High inflation concerns could be the reason for more stock market pain US tech sector saw onslaught of selling orders on Monday, pulling down the universe of risk assets. Nasdaq market cap erased 2.5%, which was the deepest pullback in several ...

Daily Market Insights & Charts

Weak April NFP: What does it mean for Dollar and US stocks? April Non-Farm Payrolls report was a huge blow to expectations of an early Fed policy tightening. Despite generally strong economic background in April, jobs count printed three times less ...

Daily Market Insights & Charts

Real rates story unfolds not in favor of USD A number of central banks held monetary policy meetings this week. They clearly showed a tendency to speak or take decisions related to the tightening of monetary policy. Brazil, following the Russian ...

Daily Market Insights & Charts

US data disappoints, laying the groundwork for weaker NFP expectations Brent price failed to break above the $70 level on Wednesday, as buyers' appetite is still constrained by some demand risks. Concerns about demand in India as well as ...

Daily Market Insights & Charts

US data may drive EURUSD lower, providing good buying opportunity Another leg of USD rally took place yesterday amid sell-off in US equities. The bout of risk aversion was fueled by the comment of the US Treasury Secretary Janet Yellen that a rate ...

Daily Market Insights & Charts

Developed economies compete in the pace of recovery. Which one will win? Developed economies keep competing in the pace of recovery. UK data showed on Tuesday that manufacturing activity rose to its highest in more than 26 years: image ...

Daily Market Insights & Charts

USD set to stay range-bound given moderate US data updates The buying wave in USD emerged last Friday appears to be losing punch as US currency retreats against major peers. However, resumption of sales may take longer than bears could expect. To ...

Daily Market Insights & Charts

Continuing US bond rout may offer some support to USD next week Incoming economic data of developed economies in the second half of the week, dynamics of commodity prices (record price of steel futures) added fuel to the flight from long-dated ...

Daily Market Insights & Charts

“Frozen” USDCAD and the upcoming Fed meeting: markets overview FX and sovereign debt markets are bracing for the bout of turbulence ahead of the Fed event today. Despite success in spurring inflation growth, the Fed’s message will likely remain ...

Daily Market Insights & Charts

Pressure on USD rises ahead of possible dovish Fed move The CFTC data showed that net long speculative position on EURUSD rose last week, which suggests the shift in sentiment on the pair is under way after protracted squeeze of long positions. ...

Daily Market Insights & Charts

EUR, GBP and JPY: near-term technical setup against USD The most notable event in FX market on Monday was steep fall of the greenback. The currency index erased half a percent through rather sharp downward moves, which could indicate a large dump. ...

Daily Market Insights & Charts

Falling yields open opportunity to short Gold The most notable move in asset markets this week was collapse of US yields. The 10-year Treasury yield, which has exploded since the start of the year on accelerating inflation expectations, tumbled to ...

Daily Market Insights & Charts