Daily Market Review

The 30-year bond yield fell under 2.0% 

What’s up in Market, 21 June By: Ahura Chalki Market analyst – IFC Markets USD before today’s decline, gain over Fed Bullard’s hawkish remarks that the central bank will begin to reduce debt purchases and even raise interest rates on Friday. However, after sharp gains, today started with a decline.  USD Index: On Friday, the U.S. dollar […]Read More

Weekly - Monthly Outlook

Weekly Outlook, 21-25 June 2021

Testify and GDP in the US, Monetary Policy in UK and China By: Ahura Chalki Market analyst – IFC Markets Fed still will run the sentiment; however, Mr. Powell’s testimony, Mrs. Lagards speech, Chines and British Monetary policy, and Interest rate decisions also will be important. On the other hand, we have many economic data that […]Read More

Stocks and Indices

Freefall in Wall Street! 

Bullard is killing the markets! By: Ahura Chalki Market analyst – IFC Markets After opening lower, freefall began. Earlier today, Governor of St. Louis Federal bank James Bullard said, “inflation was stronger than anticipated, and it would take the Fed several meetings to figure out how to pare back stimulus.” This comment was enough to increase […]Read More

Daily Market Review

Market Update, June 18 

How to end the week? By: Ahura Chalki Market analyst – IFC Markets In line with the Hawkish policy starting from FED, some banks changed the policies.  The central banks of Russia and Brazil have announced interest rate hikes. The Bank of Canada also took the lead in sending out a hawkish signal as early as […]Read More

Commodities

Gold free fall, time to buy?

Inflation, GDP, and Gold market By: Ahura Chalki Market analyst – IFC Markets According to the numbers that last night, FED published, they expect a 7% economic growth in 2021. 3.3 and 2.4, respectively also are the estimated GDP numbers for 2022 and 2023. The numbers are telling us that we are back on the standard […]Read More

Fundamental

Can Dollar Hold the gains?

Unexpected non-Dovish FED! By: Ahura Chalki Market analyst – IFC Markets FED announcement was not Hawkish, but it was not Dovish as well.  In the short term, still, it is the market reaction to FED decisions and Mr. Powell’s press conference that moves the markets. The Federal Reserve’s FOMC statement was not surprisingly Hawkish; however, the […]Read More

Commodities

Crude Oil and Endless Records!

EIA and API, Supporting the markets! By: Ahura Chalki Market analyst – IFC Markets According to the Energy Information Administration’s (EIA) published numbers, the Crude Oil Inventories fell by 7.355M barrels last week, almost 2M barrels more than a week before that, and 4M barrels more than expectations. Yesterday also, we had API numbers, and according […]Read More

Daily Market Review

Market Update, 16 June 

FED and eased Fears! By: Ahura Chalki Market analyst – IFC Markets Yesterday U.S. data was mixed, and now investors are looking carefully at the FOMC meeting and its announcement. Retail Sales Ex-Food & Energy came out at -1.3% and 0.7%, respectively, and both less than estimates. On a yearly basis, and compare with May 2020 […]Read More

Forex

Sterling in one-month lows, can go deeper?

US mixed data and complicated situation By: Ahura Chalki Market analyst – IFC Markets With stronger USD and delay in UK reopenings and Brexit woes, Cable dropped to its one-month lows.  Later, and with US mixed data, the greenback could not hold its position and lost the ground against other currencies and the Pound. According to […]Read More

Fundamental

FED meeting Preview 

Can Stocks keep the rally? By: Ahura Chalki Market analyst – IFC Markets Banker’s week started, and now eyes turn on the FED two-day meeting starting today and the BOJ meeting on Friday. FOMC members must try their best to assure the Market that officials still believe that the inflation spike is temporary and will not […]Read More