Tags : USD

Fundamental

Jobless Claims, NFP 

What means positive data for USD By: Ahura Chalki Market analyst – IFC Markets Based on published data earlier today, the US jobless data during last week fell to a new post-pandemic low of 498,000 from 590,000 of the previous week’s claims, signaling better US economic recovery. But the negative side of the report was in continuing […]Read More

Stocks and Indices

New Waves, New Records, and Treasuries Rally! 

What should you expect from the USD Index? By: Ahura Chalki Market analyst – IFC Markets Looking at published data released this week, mainly at CPI, retail sales, and Jobless Claims (Retail sales surged 9.8% in March and climbed 8.4% excluding autos & Initial jobless claims tumbled -193k to 576k), in line with excellent earning results […]Read More

Forex

EZ economic sentiment raise, Deutsche slashed economic growth

EURUSD Daily Chart By: Ahura Chalki Market analyst – IFC Markets Eurozone ZEW Economic Sentiment for March, raise to 74.0, from previous 69.6, also German ZEW Economic Sentiment for March up to 76.0 from 71.2. Before today’s data, Deutsche Bank has slashed 2021 economic growth forecasts for the Eurozone from a November forecast of 5.6% to […]Read More

Stocks and Indices

Good US Income, Spending & Savings data

The USD index, H1 Stuart Cowell Head Market Analyst – HotForex US personal income climbed 10.0% in January, and spending increased 2.4%, pretty close to expectations, with much of the strength a function of the $900 bln pandemic relief bill from late December. These follow respective December prints of 0.6% and -0.4%.  Compensation increased 0.7% after […]Read More

Uncategorized

US Open – Dollar, Oil & Gold Pressured; Equities higher

Andria Pichidi Market Analyst – HotForex The Dollar has softened for a second consecutive day, despite US Treasury yields perking up, although remaining off-trend highs seen earlier in the week. Global stock markets have continued to exhibit a sputtering price action in the face of historically stretched valuations and the recent spike in yields. In […]Read More

Fundamental

US briefing – Where do we stand?

Andria Pichidi Market Analyst – H0tForex Japanese, South Korean, and Chinese markets were closed today, with the latter commencing the week-long lunar new year holiday. Singapore will be off tomorrow, and the lunar new year holiday will start tomorrow in Hong Kong. Despite these absentees, global stock markets have remained overall buoyant on record-high areas, […]Read More

Forex

Market Update – January 19 – USD & Yen Slide

By: Stuart Cowell EURUSD, H1 The Dollar and Yen have come under pressure today after rallying yesterday. Bullish sentiment in global stock markets has boosted other currencies, particularly the dollar bloc and other cyclical units. The MSCI Asia-Pacific Index rose over 1.5% and clocked a new record high, buoyed in the wake of strong GDP […]Read More

Uncategorized

Big Surprise from Germany & US data Preview

EURUSD, H4 By: Stuart Cowell German manufacturing orders jumped 2.3% m/m in November, which unexpectedly continued the pretty impressive rebound that the sector has seen since the last lockdown. Expectations had been for a slight correction from the 3.3% rise in October, but in the event, the inflow continued at a robust pace, with domestic […]Read More

Fundamental

Downside Risks for US Retail Sales

  By: Andria Pichidi Data starts to pick up with CPI today, along with Retail Sales and Industrial Production on Friday. The April Retail Sales are anticipated to plunge by -13.5%, with a -9.0% ex-auto drop, after respective March declines of -8.4% and -4.4%. Mandatory shutdowns depressed retail sales components sharply, and unlike last month […]Read More

Forex

Commodity currencies have seen moderate losses

FX Update – 28 April 2020 By: Andria Pichidi Commodity currencies have seen moderate losses against the Dollar and other main currencies against a backdrop of sputtering low-volume stock market trading and a turn lower in Oil prices. The NZD led the way lower for the commodity group after a research note from Westpac hit a bearish […]Read More