Dollar major recovery becomes a real risk after surprisingly strong US Payrolls report US equities posted good performance on Thursday, with SPX almost testing 4200 points and NASDAQ jumping 3.56%, very close to 13000 points, the highest level since ...

Daily Market Insights & Charts

Persistent EU inflation boosts odds of a moderately hawkish ECB on Thursday The Fed meeting in December, the Minutes of the meeting, incoming January US soft and hard data - all of them indicate that the Fed may deliver penultimate rate hike today ...

Daily Market Insights & Charts

EURUSD consolidates ahead of the FOMC meeting The dollar index started the week on a rather pessimistic note, trading below 102 points, suggesting that the market is setting low expectations for a hawkish Fed outcome on Wednesday. A moderate ...

Daily Market Insights & Charts

US data surprises helps USD to stage mini-rebound Currency markets continue to remain in a relative equilibrium with FX majors fluctuating in fairly narrow ranges. US broad equity indices also lack direction, the key benchmark of the market, SP500, ...

Daily Market Insights & Charts

Weak UK PMI data points to further Pound weakness Incoming data on the EU economy roughly correspond to the thesis put forward by the market that the bloc will be able to dodge a recession. The PMI index from S&P Global climbed into the positive ...

Daily Market Insights & Charts

USD remains range-bound on dovish Fed rate hike outlook Asset markets are somewhat sluggish and reluctant to recover on Friday, following Thursday drop, which saw S&P 500 breaking through 3900 points. Dollar was slightly bid on the back of growing ...

Daily Market Insights & Charts

Dovish surprise in US retail sales leaves little to salvage dollar bulls The Bank of Japan dismissed market rumors about further adjustments in yield curve control and left policy unchanged today, disappointing recent buyers of the yen. The report ...

Daily Market Insights & Charts

Upbeat China data may unlock more upside in Euro and other pro-cyclical currencies The unexpected rebound of Chinese economy as seen in the latest batch of Chinese data reinforced the idea that hidden China economic momentum will unlock the upside ...

Daily Market Insights & Charts

EURUSD presses against 1.08 level, market anticipates benign CPI print as energy inflation drops Risk appetite apparently grows in equity markets as Fed chief Powell did not take advantage of the Riksbank conference yesterday to repeat the recent ...

Daily Market Insights & Charts

Market braces for EURUSD breakout of 1.08 as risk of inflation easing grows in US Cautious optimism remains in the currency markets regarding the idea that signs of US losing growth momentum will force the Fed to tap the breaks on monetary ...

Daily Market Insights & Charts

Is gold primed for a rally on expectations of central banks easing cycle in 2023? Major European currencies ceded ground to dollar on Tuesday, EURUSD broke down 1.06 and GBPUSD 1.20 level. The start of European session saw major sell-off both in EUR ...

Daily Market Insights & Charts

The risk of more downside in USDJPY remain high on implications of BoJ major policy shift FX market continues to digest BOJ’s hawkish surprise yesterday, USDJPY volatility remains elevated. The market reaction to the shocking move of the Bank of ...

Daily Market Insights & Charts

FOMC meeting preview: dovish dreams may not come true The Fed is expected to deliver a 50 bp rate hike on December14, continuing to meticulously dampen inflation pressure in the economy. However, the chances of a recession that markets price in ...

Daily Market Insights & Charts

Upside surprise in NFP will likely trigger rebound in oversold USD Another batch of US macroeconomic data pointed to easing in inflation pressures - consumer spending index (Core PCE) rose by 0.2% in October against the forecast of 0.3%. US equities ...

Daily Market Insights & Charts

Powell and NFP risk may renew demand for battered USD Intensifying yield curve inversion in the US (when short-dated bonds are cheaper than long-dated ones) and WTI price below critical $80 support level tell us that markets are becoming more ...

Daily Market Insights & Charts

Hunt for yields pressures dollar as S&P 500 reclaims key 4000 level Composite PMI index in EU remained in the zone of depression in November (47.8 points), slightly better than in October, but still pointing to a reduction in activity in the ...

Daily Market Insights & Charts

Oil prices plunge on hints OPEC may raise output European bourses are down, STOXX 50 losing 0.6% amid reports of increased covid measures and new lockdowns in China, which increased market risk aversion. The yuan weakened again, USDCNY rate ...

Daily Market Insights & Charts

As market dials back Fed Pivot expectations, greenback has some room to rally After shedding 4% last week, greenback was offered support near 106 level on DXY in the first half of this week and eventually rallied on Thursday: image The rally was ...

Daily Market Insights & Charts

Another dovish surprise in US PPI boosts stocks and bonds, pressures USD OPEC, citing significant economic uncertainty in the coming months, has lowered its oil consumption growth forecast for the 5th consecutive time since April. The adjustment was ...

Daily Market Insights & Charts

USD Correction may Have Legs as Economic Calendar is Light this Week The euro and pound sterling pare down the intraday decline that took place during the Asian session as risk appetite remains high while the dollar repositioning continues. EURUSD ...

Daily Market Insights & Charts