Preview of the FOMC meeting: hints on interest rate path in 4Q could be the key thing to watch Greenback index continues to consolidate in a tight range on Wednesday in the run-up to FOMC meeting. The range has been forming for about a week and ...

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Despite Dollar correction the risk of EURUSD retesting parity is high The Fed week is unlikely to be as turbulent as the last week featured with ECB meeting as the risk of surprising policy decisions at Wednesday meeting appears to be low. Chances ...

Daily Market Insights & Charts

Despite the rally, the risks for EURUSD, GBPUSD are skewed to the downside Rising optimism about returns in risk assets and narrowing gap in the expected pace of tightening between the Fed and other central banks were the main drivers of broad USD ...

Daily Market Insights & Charts

Gas shortages, risks of cautious ECB decision suggest downside risks for Euro remain high The long squeeze in greenback continues on Tuesday, the dollar index (DXY) sank by almost 1%, Euro, Swiss franc and Australian dollar scored the largest gains ...

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Dollar can extend pullback as markets price out 100 bp rate hike in July Last week was marked by highly volatile expectations regarding the FOMC July decision: after release of the CPI for June, which showed inflation accelerating to 9.1%, the ...

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Markets brace for 100 bp July rate hike and the room for dovish surprise grows EURUSD volatility around the round 1.00 level remains elevated which creates ripple waves in other USD cross-pairs. After yesterday's "shocking" CPI release, markets ...

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Minor upside surprise in US CPI is likely priced as fuel prices continued to rise in June Today is a special day for financial markets as the US Bureau of Labor Statistics releases CPI for June. It's no secret that the Fed tied monetary policy to ...

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Greenback may stay in the uptrend for a while as key drivers are set to remain intact The bullish momentum in the dollar remains intact at the start of the week with EURUSD testing the round 1.00 level followed by a technical rebound to 1.006. Given ...

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Strong NFP report will likely fuel EURUSD drop to parity The dollar continued to strengthen on Monday after release of US labor market report on Friday, which did not confirm market pessimism about the US economy, reinforcing the view that the US is ...

Daily Market Insights & Charts

US labor market reports can extend relief rally in risk-assets as investors are desperate for positive growth signals The dollar remains close to fresh highs on Thursday, the minor retracement was also reflected in revived modest demand for risk, ...

Daily Market Insights & Charts

Fears of energy crisis may drive Euro to parity against USD Despite sharp strengthening of the dollar on Tuesday and growing pessimism on European equity markets, the S&P 500 managed to neutralize selling pressure closing in green, Nasdaq rose ...

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Surging USD indicates investors’ search for a safe heaven is a key market driver Global economic growth optimism is fading rapidly, with major central banks vying to announce a "material" deterioration in real output forecasts and rising risks of ...

Daily Market Insights & Charts

Recession risks keep dollar bid, set to curb risk appetite further Major currency pairs struggle to choose direction on Monday, European indices move back into modest positive territory, US futures slip with S&P 500 futures trying to defend the 3800 ...

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Markets are worried about a recession and the trend will only gain momentum The toxic mix of hawkish central banks ready to tighten monetary policy "no matter what" and a series of weak macroeconomic data on the US and European economies has become ...

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Dollar resumes rally and stocks fall on hawkish Powell comments in Sintra The dollar remains near the highs of this year, a significant rally was observed on Wednesday after the speech of the Fed head Powell in Sintra. After the Powell testimonial ...

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Inflation in Germany eases, taking off some pressure on the ECB to deliver faster rate hikes Signs of escalation in geopolitical tensions and fresh warnings of recession in top economies pushed stock markets off balance, with the S&P 500 closing ...

Daily Market Insights & Charts

Two reasons to sell the Dollar this week Stock markets posted solid gains on Friday delivering a crushing blow to seemingly dominating bearish sentiment in risk assets. The catalyst for the rally appears to have been speech of Fed Powell to the US ...

Daily Market Insights & Charts

Another day of relief rally in equities keeps dollar under pressure A batch of latest estimates of PMIs in Eurozone released yesterday triggered a wave of mild risk-off and showed how the difference in expected growth rates between the EU and other ...

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S&P 500 is again the red and more downside seems likely Risk assets traded in the red on Wednesday, with the dollar rebounding from its recent short-term downtrend as debates about impending recession successfully enters the mainstream. Several ...

Daily Market Insights & Charts

EURUSD is poised to break 1.06 but further upside looks limited After a turbulent past week, calm has finally returned to the markets. Demand for risk assets slowly recovers: European indices have been rising for the third day in a row, US futures ...

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