Daily Market Update

European markets anticipate a subdued opening on Monday. With pivotal interest rate decisions from several central banks in the backdrop, all eyes turn to Germany's forthcoming Ifo Institute survey, providing insights into business conditions. A Mixed Bag of Monetary Policies The dawn of the week sees market participants sifting through the aftermath of an influx of central bank verdicts

As the financial world heads into the weekend, the stock market is on the precipice of marking its most abysmal week in a month. With Treasuries plunging to lows unseen in over a decade, all eyes are on the mounting anticipation that U.S. interest rates are set to remain elevated. Concurrently, the yen is grappling with near 11-month lows after the Bank of Japan's decision to keep short-term r

The U.S. dollar showcased its might on Thursday, achieving new heights against several currencies. This was particularly evident in its performance against the yen, where it reached levels unseen since early November. The Federal Reserve's decisively hawkish stance, despite keeping rates unchanged, became the driving force behind this dollar rally. Sterling and the euro weren't spared e

In a week brimming with anticipation, the U.S. dollar holds its ground, casting a shadow over its peers, as key central bank meetings loom on the horizon. Investors and traders worldwide eye the Federal Reserve's upcoming rate decision, the yen's precarious position near a 10-month trough, and other monetary policy decisions that have the potential to reshape global financial landscapes.

Tuesday is likely to witness a muted start for European stock markets. Investors' cautious optimism is tethered to the commencement of the pivotal two-day U.S. Federal Reserve policy meeting, alongside the unveiling of fresh inflation data from the eurozone. Preliminary indications point to a decline, with Germany's DAX futures slipping by 0.2%, France's CAC 40 futures retreating by 0.

In a world teetering between economic resurgence and geopolitical complexities, the pulse of global markets quickens with anticipation. Central banks emerge as the epicenter of this financial drama, their policy maneuvers echoing across continents. As Europe navigates the intricacies of tech sector headwinds and rate trajectories, all eyes turn to the U.S., with its looming Fed decisions and the s

This week's data release promises to be a pivotal influencer on the trajectories of gold, the dollar, and the euro. The anticipated U.S. CPI figures will be closely watched by traders, as a lower-than-expected inflation rate could bolster the dollar, underpinning its role as a haven asset amidst economic uncertainty. Such a scenario would likely apply downward pressure on gold, as a stronger d

The U.S. dollar faced a setback in the early European trade on Monday, deviating from its commendable six-month high. This move comes in tandem with the Japanese yen's significant surge, propelled by hints from Bank of Japan Governor Kazuo Ueda regarding a prospective shift in the country's monetary policy. Analyzing the Dollar Index The Dollar Index, a crucial measure that juxtapose

The U.S. dollar, despite a slight downturn on Friday, is on course to secure its most extended weekly winning streak since 2014. This vigorous performance is underpinned by a steady stream of favorable U.S. economic indicators, which have cast doubts over the culmination of the Federal Reserve's assertive rate-hike strategy. The U.S. dollar index, a barometer against its key counterparts, d

The U.S. dollar, with its robust performance, stands out, even as other major players like China and Germany navigate their challenges. The central banks, with their policy decisions, are the choreographers of this vast economic dance. As events like the G-20 meetings unfold and as central banks across the world strategize their next moves, the financial community watches with keen interest. Th

European markets found it tough to advance yesterday, particularly with the absence of the US markets. Initially, the Asian markets showed a promising surge, primarily triggered by China's recent stimulus measures. This stimulus seemed to revitalize China's property sector, as evidenced by a significant increase in home sales in two pivotal Chinese cities, catapulting the Hang Seng to a 3-

Friday's jobs report reinforced the sentiment that the Federal Reserve will hold steady on interest rates this month. This comes after a series of data points that hint towards a 'soft landing' for the U.S. economy, an indication that the Fed's rate-hiking cycle might be winding down. In the week ahead, all eyes will be on the Institute for Supply Management's August report

The U.S. dollar is poised to break its six-week ascendancy against major counterparts as it approaches a crucial U.S. jobs report. This report is anticipated to play a significant role in shaping the Federal Reserve's policy direction in the coming months. The U.S. dollar index DXY, which gauges the dollar's performance against six major currencies, recorded a marginal drop of 0.02% to sta

European stock markets are gearing up for a positive start this Wednesday, drawing inspiration from Wall Street's robust finish the previous night. This upbeat sentiment comes as investors eagerly await inflation data from Germany and Spain. Early indicators show the DAX futures contract in Germany advancing by 0.1%, France's CAC 40 futures ascending 0.2%, and the U.K.'s FTSE 100 futur

The U.S. dollar displayed a restrained performance on Tuesday, with traders holding back from making significant moves in anticipation of a series of economic data set to be released this week. This comes in the backdrop of the yen hovering around levels that previously prompted intervention in the past year. Dollar's Recent Performance and Fed's Stance The dollar index (DXY) witness

The U.S. dollar, often seen as a barometer of global economic health, experienced a slight dip from its 12-week high this Monday. This shift was primarily influenced by Jerome Powell, the Federal Reserve Chair, who hinted at the possibility of future rate hikes. The dollar index, a metric that gauges the dollar's strength against six major currencies, showed a marginal decline of 0.06% to 104.

The U.S. dollar has surged to a remarkable two-month high this Friday, marking its sixth consecutive week of gains. This upward trajectory is largely attributed to investors flocking to the safety of the greenback, as they keenly await insights from Federal Reserve Chair Jerome Powell's speech, which is expected to shed light on the future direction of interest rates. The financial world is

As the intricate web of global financial events unfolds, two narratives emerge in sharp relief: the US data and Jackson Hole’s event. Both offer a lens into the broader economic story being written. The Dollar's Fortitude Amidst Ambiguity Thursday's dollar rally underscores a prevailing investor caution, driven by a slew of mixed economic data. The looming Jackson Hole symposiu

The euro has tumbled to its lowest point in two months against the dollar, following disheartening provisional purchasing managers' surveys from Germany. The data revealed contracting activity, with the services sector taking an unexpected hit. The HCOB German services PMI for August plummeted to 47.3, a figure below the pivotal 50 mark that distinguishes growth from contraction. This was a

As the week progresses, global financial markets remain in a state of anticipation. From currencies to commodities, every segment awaits cues from central bank symposiums and corporate announcements. The interconnectedness of these events underscores the intricate dance of global finance, where a speech, a meeting, or a report can set off ripples across continents. The U.S. dollar took a step b

The U.S. dollar continued its dominance, marking its fifth consecutive week of gains. As the financial world turns its eyes towards the Federal Reserve's Jackson Hole symposium, there's heightened anticipation regarding the future trajectory of interest rates. Last week, the dollar showcased its strength by gaining 0.7% against the euro, making slight progress against the yen, and achievin

The U.S. dollar index, a measure of the currency's value against six major global counterparts, has been showing signs of strength. As of Friday, the index eased to around 103.2 but is poised to mark its fifth consecutive week of gains. This surge can be attributed to the minutes from the Federal Reserve's July meeting, which revealed policymakers' concerns about potential upside risks

In the face of global economic shifts, the U.S. dollar stands tall, pushing the yen further into a precarious position. The resilience of the U.S. economy, marked by its ability to withstand high interest rates, starkly contrasts with the Bank of Japan's more cautious approach. Recent data paints a promising picture of the U.S. economy. July witnessed a surge in single-family home construct

Asian stock markets faced challenges on Wednesday, primarily due to concerning economic data from China and a lack of substantial stimulus measures from Beijing. European markets are also predicted to open on a lower note, with FTSE futures dropping by 0.15%. MSCI's index for Asia Pacific stocks, excluding Japan, reported a 1.17% decline, marking an 11-week low. Recent data reveals a drop in C

In a surprising turn of events, the US dollar has surged to a commendable five-week high, leaving most Asian currencies in its wake. This unexpected strength comes on the back of a robust inflation reading from the US, sparking concerns that the Federal Reserve might not be done with its interest rate hikes just yet. As the dollar flexes its muscles, the Asian market sentiment has been knocked off

The dollar's performance on Friday was a topic of significant interest among traders and market analysts. The currency remained stable; a surprising outcome given the swirling speculations that the Federal Reserve might have concluded its rate hike cycle. This speculation was fueled by data that revealed a moderate increase in U.S. consumer prices for July. However, a word of caution came from

The U.S. dollar experienced a slight decline in the early European trading hours on Thursday. This comes as the market anticipates the release of crucial U.S. inflation data. Despite this dip, the Dollar Index, a measure of the dollar's strength against six major currencies, recorded a 0.1% decrease, positioning at 102.245. Notably, the dollar is set to achieve its fourth consecutive weekly su

The global crude market, a barometer of economic health and geopolitical stability, is currently navigating choppy waters. Central to this turbulence is China, the world's premier crude consumer. Recent economic data from the Asian giant, particularly its bearish trade and inflation figures, have cast a long shadow over the oil landscape. The implications of these figures are profound, especia

On Tuesday, the global financial landscape is currently navigating through a maze of economic data, with Chinese trade figures at the forefront. As the U.S. dollar flexes its muscles, it's evident that its strength serves as a sanctuary in these times of global economic uncertainties. European Stock Market Insights: - European Equities Trend Downward: European stock markets have been nud

As we embark on a new week in the financial markets, we find ourselves at a critical juncture. The global economy is at a crossroads, with key data releases from the U.S., U.K., China, and the Eurozone set to shape the narrative. Here's a persuasive analysis of what to expect and how to position your portfolio. U.S. Inflation and the Fed's Balancing Act The U.S. inflation data, due o

Oil prices are set to continue their upward trajectory, marking their sixth consecutive week of gains. This comes after Saudi Arabia and Russia, two of the world's largest crude producers, pledged to reduce output through the next month. Brent crude futures for October rose slightly to $85.24 a barrel, while U.S. West Texas Intermediate crude for September increased to $81.72. Saudi Arabia&

 Markets Tumble in Response to U.S. Downgrade Asian stocks took a hit on Thursday, reflecting the overnight losses witnessed on Wall Street. This downturn was primarily a result of the U.S. sovereign rating downgrade by Fitch, which noticeably soured the market sentiment. The rating agency had recently downgraded the U.S. government from AAA to AA+, prompted by concerns over fiscal spendin

In the coming week, Wall Street is set to face its biggest test of the year as Q2 earnings season gains momentum, amid significant economic data drops from the U.S., China, and the U.K., along with an expected surge in oil prices. In the spotlight, leading the earnings march, is electric vehicle pioneer Tesla, kicking off the reporting season on Wednesday. Tesla is part of the "Magnificent

The dollar experienced a slight increase on Monday, stabilizing after recent losses in anticipation of the Bank of Japan meeting and upcoming data releases ahead of the Federal Reserve and European Central Bank rate decisions in May. Pound and Euro Fail to Maintain Highs The pound and euro were unable to maintain their mid-April highs, with GBPUSD down 0.2% and the euro down 0.1%. The dollar

The US dollar has edged lower in early European trade as robust Chinese growth data enhances risk sentiment. As a result, the Dollar Index, which measures the greenback against a basket of six major currencies, fell 0.1% to 101.707 after a 0.5% overnight increase. China's Strong Economic Recovery China's post-pandemic recovery appears to be firmly on track, with the world's secon

In early European trades in Monday, the US dollar has begun to recover from last week's one-year low, propelled by robust earnings reports from Wall Street's banking giants. These positive results have assuaged concerns about the sector and bolstered expectations for another interest rate hike by the Federal Reserve. Consequently, the dollar index, which measures the greenback's value

Dollar Index Hits One-Year Low on Diminished Rate Hike Expectations The U.S. dollar weakened, reaching a one-year low in early European trade on Friday, as the market anticipates a premature end to the Federal Reserve's rate-tightening cycle due to cooler-than-expected inflation data. The Dollar Index, which gauges the greenback's performance against a basket of six other major currenci

As the sun rises, the US dollar stretches and strengthens, albeit ever so slightly. Still burdened by the weight of cooler-than-anticipated inflation data, the greenback cautiously tiptoes towards the possibility of an early end to the Federal Reserve's rate-tightening dance. The dollar index, a choreographer measuring the greenback's movements against six other currency dancers, pirouette

European stock markets are poised for a cautious start on Wednesday, as investors nervously anticipate the release of the monthly US inflation report. This key economic indicator could influence the Federal Reserve's upcoming monetary policy decisions. European equities saw minor gains on Tuesday following the Easter holiday break, yet market sentiment continues to be apprehensive. Investors a

As the financial world holds its breath, U.S. futures rise cautiously on Tuesday, with investors eagerly awaiting the unveiling of March's inflation data. This much-anticipated release will be followed by key economic data points, including consumer price and producer indices for the previous month. These insights will potentially reveal if the Federal Reserve's monetary policy tightening

In a week filled with suspense, the financial world eagerly awaits Wednesday's reveal of March's U.S. inflation data. Market watchers keenly anticipate how these figures will influence the Federal Reserve's appetite for aggressive rate hikes. Economists predict a 5.6% annual increase in core consumer price inflation, but how will the results shape the Fed's May policy meeting? Frid

The US dollar steadied around 102 on Friday, recovering from a 2-month low earlier in the week, as investors awaited the non-farm payrolls report due later in the day. Market participants also assessed Thursday's US initial jobless claims data, which showed unemployment benefits dropping by 18,000 to a seasonally adjusted 228,000 for the week ended April 1st. However, data for the previous wee

The Asia-Pacific market waltzes into Wednesday, with mixed tunes playing to the rhythm of the Federal Reserve's easing hawkish bias and the downbeat US jobs report. The Reserve Bank of New Zealand (RBNZ) adds a surprise spin to the dance floor, leaving the market in an exhilarating tango of uncertainty. As the cautious dancers anticipate more key data from the US, they find themselves in a del

Once upon a time, on a not-so-fine Tuesday, the dollar found itself in a precarious position, testing a two-month low against its major partners. The culprit? Weak data from the manufacturing sector, which fueled hopes of an early 'pivot' from the Federal Reserve. And so, the Dollar Index danced a slow waltz, down less than 0.1% from Monday's close at 101.755. Oil Prices A surpri

After a recent decline, the US dollar steadied against most major peers on Wednesday. The dollar index, which tracks the currency against six peers, was flat at 102.42, giving up small gains of up to 0.3% in the European morning. However, it has fallen for the past two sessions and is set for a 2.1% monthly fall, a victim of the market ructions induced by problems in the banking industry. We ha

The recent upheaval in the global banking sector, which resulted in the collapse of a few regional US banks and the Credit Suisse bailout, has sent shockwaves throughout the world. However, the European banking sector seems to have weathered the storm and is much better prepared than it was during the 2008 collapse. This has led to increased confidence in European stock markets, and they are expec

The collapse of two U.S. lenders earlier this month and the forced takeover of troubled Credit Suisse by rival UBS has left investors worried about more unpleasant surprises in the banking sector. The aggressive rate hikes by the Federal Reserve over the past year have added to the uncertainty. The recent decline of Deutsche Bank's shares and the surge in the cost of protecting against a defau

The European stock markets are expected to open lower on Friday, as concerns mount over slowing economic growth and the ongoing banking crisis. The DAX futures contract in Germany traded 0.4% lower, the FTSE 100 futures contract in the U.K. fell 0.6%, while CAC 40 futures in France traded largely unchanged. The European banking sector has shown some signs of stability this week, but selling by sma

The Federal Reserve has raised interest rates as expected but also indicated the possibility of pausing its rate hike cycle following a banking crash. However, the central bank remains committed to reducing inflation, forecasting at least one more hike this year, and has no plans to cut interest rates in the near future. While US interest rates are approaching their peak in the tightening cycle, f

On Wednesday, major currencies retreated against the US dollar in anticipation of the Federal Reserve's likely interest rate hike later in the day. While regional currencies suffered small losses, fears of a bank crisis appeared to be waning. The Fed is expected to hike interest rates by 25 basis points, given that inflation is still running well above the central bank's target rate. Marke

European stock markets surged on Tuesday, buoyed by a newfound confidence in the banking sector ahead of the Federal Reserve's latest policy-setting meeting. Germany's DAX index traded up 1.1%, France's CAC 40 climbed 1.2%, and the UK's FTSE 100 rose 1.2%. Investor sentiment has been bolstered by the rescue of troubled lender Credit Suisse by Swiss rival UBS, which saw UBS stock cl

Safe-haven currencies the yen and U.S. dollar recovered from early steep declines and the risk-sensitive Australian and New Zealand dollars flipped to losses as early optimism ebbed over efforts by global authorities to contain a banking crisis. Japan's currency, which is particularly sensitive to long-term Treasury yields, rebounded from losses as steep as 0.6% to last be flat against the

Happy Friday, stock market enthusiasts! Let’s talk about the good news that’s been driving European stock markets up today. There are positive moves in the US and Europe to support struggling banks, which could prevent a full-blown banking crisis. As a result, market sentiment has been boosted and we’re expecting a higher opening for European stock markets today. Increased risk a

The U.S. dollar and Japanese yen, known as safe havens, received renewed support on Thursday due to growing concerns about a global banking crisis. This came after the recent collapse of Silicon Valley Bank in the U.S. spread contagion to Swiss bank Credit Suisse. In response, Credit Suisse announced that it would borrow up to $54 billion from the Swiss National Bank to restore investor confidence

The dollar is attempting to stabilize on Wednesday as investors dial back on their bets on U.S. rate cuts, and fears of a banking crisis subside. Meanwhile, the Euro remains on a firm footing, with a looming hike in Europe as the European Central Bank (ECB) meets on Thursday, and markets expect a 50 basis point hike, a more hawkish stance than traders expect from the U.S. Federal Reserve next week

The sudden collapse of Silicon Valley Bank (SVB) and Signature Bank SBNY has triggered fears of a broader systemic crisis, leaving traders speculating that the Federal Reserve could pause its aggressive rate-hiking cycle. The market jitters have set the tone for a second straight trading day, with the dollar nursing deep losses. However, U.S. President Joe Biden has vowed to take action to ensure

The world of finance was rocked by the recent collapse of U.S. lender SVB Financial Group, which caused a shift in interest rate expectations and weakened the U.S. dollar. Goldman Sachs no longer expects the Federal Reserve to raise interest rates at its upcoming March 22 meeting, causing the dollar index to slip as much as 0.55% to near one-month lows of 103.67. The market is now pricing a nearly

Friday, March 10, 2023, promises to be an exciting day for global markets as several key economic indicators will be released, providing insights into the health of various economies worldwide. The US Dollar is on a high on Friday, driven by Chairman Jerome Powell's statements regarding a possible increase in the pace of rate hikes, but it seems to have lost its momentum since Wednesday. De

On Wednesday, Asian shares were poised for their worst day in a month following hawkish remarks made by the Federal Reserve Chair, Jerome Powell. The Fed may need to increase interest rates more than previously expected in response to the recent strong data. Powell made these comments on the first day of his semi-annual, two-day monetary policy testimony before Congress. The impact of Powell

On Tuesday, global shares were mostly stable, while the dollar rose in anticipation of Federal Reserve Chair Jerome Powell's testimony, which could provide insight into the outlook for U.S. rates. However, weak Chinese trade data had a negative impact on oil prices. During January-February, China's exports and imports declined significantly due to a slowdown in the global economy and we

This week promises to be a crucial one in finance, with investors eagerly anticipating the job report, Powell's testimony, and central bank meetings in Japan, Australia, and Canada. The U.K.'s GDP data will also be of interest. Investors are bracing themselves for more market volatility, and the Federal Reserve's March meeting is eagerly anticipated. The first week of March promises

On Friday, European markets are expected to open modestly positive after Asian stocks inched higher as markets digested more signals on U.S. monetary policy and positive Chinese economic data. Japan's Nikkei 225 index surged on a soft inflation reading from Tokyo, while China's indexes traded in a flat-to-high range. Overnight in the US, stocks were initially under pressure but rallied in

European markets are heading for a slightly higher open on Tursday, with investors focused on the release of preliminary eurozone inflation data for February, which will provide clues about the future path of interest rates in the region. Eurozone Inflation still on the Rise Regional markets closed lower Wednesday, with economic data released this week giving investors pause for thought. On

Oil prices rose for a second consecutive day on Wednesday, supported by reports of expanding manufacturing activity in China, the world's largest crude importer. Brent crude oil for May increased by 0.3%, or 24 cents, to reach $83.69 a barrel at 0214 GMT. The growth in oil prices is due to expectations of a strong rebound in fuel demand in China, the world's second-largest crude consume

The US dollar resumed its upward momentum on Tuesday, placing it on course to end the month with a noteworthy gain following a four-month decline. Market speculation that the US Federal Reserve will have to raise interest rates more than previously anticipated, which was reinforced by a series of encouraging economic data releases from the US, has fueled the greenback's recent surge. The dolla

The US dollar remains strong on Monday, holding near a seven-week high after a series of positive economic indicators suggested that the Federal Reserve will need to continue raising interest rates. The market is reacting positively to the news, with investors adjusting their expectations for US interest rates to remain higher for longer. The personal consumption expenditures price index increased

On Friday, most Asian currencies depreciated against the dollar, which reached a six-week high against a basket of currencies, boosted by robust inflation readings and hawkish comments from Federal Reserve officials. The latest reading was consistent with an earlier report indicating that the consumer price index was higher than anticipated, which could give the Federal Reserve more reasons to inc

On Thursday, European stock markets saw gains as investors reviewed the strength of the global market while processing an influx of mostly positive corporate earnings. The DAX index in Germany rose 0.6%, the CAC 40 in France climbed 0.8%, and the FTSE 100 in the UK rose 0.3%, as European equities benefited from a favourable close on Wall Street. Investors seized on the release of stronger-than-

In the early hours of Wednesday's European trade, the US dollar continued its climb as US consumer inflation remained elevated in January. Meanwhile, the sterling fell following a decline in the UK CPI rate. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher at 103.457. The US consumer inflation for January, which came in at 6.4% year-o

As investors assess the economic outlook, European markets are expected to open muted on Tuesday morning. U.S. consumer price index data, set for release on Tuesday, will determine whether the Federal Reserve opts for further monetary policy tightening. Europe and Japan are also set to release key data later in the week. On Tuesday, Asia-Pacific markets traded mixed as Japan reportedly announced i

The Asian forex market saw a slight dip on Monday as the dollar reached its near one-month high, as the market prepares for the looming threat of US inflation. It is not surprising that the dollar has gained traction in the market, as it remains one of the most stable and sought-after currencies in times of economic uncertainty. The anticipation of inflation, however, has caused some jitters in

The U.S. dollar shimmered brighter in the early European morning on Friday, struggling to gain another winning week as traders tiptoe around next week's highly anticipated inflation data release. The Dollar Index, a showcase of the greenback's strength against six other currencies, sashayed 0.1% higher at 103.207, twirling towards its second consecutive positive week, a feat not seen since

Asian stocks retreated on Monday as investors remained cautious ahead of the Federal Reserve's upcoming policy meeting and concerns over a potential rate hike. The uncertainty over the future of monetary policy led to a decline in risk appetite and resulted in a decline in equity markets across the region. Despite the overall decline in the market, Chinese stocks outperformed their regional

The financial market was on a wild ride on Wednesday as the Federal Reserve Chair Jerome Powell shared his thoughts on the economy and the future of interest rates last night. The U.S. dollar, which had seen a short-lived rally following Friday's impressive jobs report, took a step back as Powell indicated that interest rates may not rise much further. Despite this, Powell acknowledged that if

The dollar took a breather on Tuesday, drifting away from its dazzling opening of the week. However, it still lingered near a one-month pinnacle, as the traders elevated their projections of the interest rate levels the U.S. Federal Reserve would need to rein in inflation. While the Australian dollar soared in the aftermath of the Reserve Bank of Australia's (RBA) interest rate declaration,

As we start the week, investors are eagerly keeping an eye on the pulse of the world economy, and it's shaping up to be a rollercoaster ride. To begin with, the European stock markets are expected to open on a softer note, as investors grapple with the implications of stronger-than-expected U.S. payroll data and escalated Sino-U.S. tensions. DAX futures in Germany are trading 0.5% lower, CA

As the financial world continues to navigate the turbulent waters of a global economic slowdown, European shares face an uphill battle as traders assess the ramifications of disappointing results from tech giants Apple, Amazon, and Alphabet. These companies, with a combined market value of nearly $5 trillion, recently reported a dip in sales and revenue, suggesting a sluggish demand for their core

The dollar took a nosedive on Thursday as the U.S. Federal Reserve announced a turning point in the battle against inflation. The central bank's statement sent a wave of confidence through the markets, leaving investors feeling optimistic that the end of its rate-hike campaign was in sight. Against a basket of currencies, the U.S. dollar index plummeted to a fresh nine-month low of 100.80,

The markets are holding their breath as it awaits the Fed's decision, with the USD showing a flat performance and the EUR/USD pair bracing for the expected rate hike. Traders will pay attention to the US economic data releases and the broader market risk sentiment while keeping a close eye on the outcome of the Fed's policy decision. DXY The Dollar Index, a barometer of the American

The dollar hit a new high this week, surging in early European trading as investors prepare for a flurry of central bank meetings. The dollar index, measuring the greenback's performance against top world currencies, rose to 102.06, reaching a peak of 102.19. The positive market sentiment earlier in the year had weighed down the dollar, boosting higher-yielding assets as investors bet on inter

The dollar takes centre stage as it claws back from an eight-month low, exhibiting a resilient spirit ahead of a decisive week of central bank meetings. The U.S. dollar index, which showcases the strength of the greenback against a basket of currencies, rises with a modest 0.03% increase to reach 101.92, an indication of the dollar's regained vigour after hitting an eight-month low at 101.50 l

As the morning dawned and the European markets opened their doors, a sense of uncertainty filled the air. The previous night, across the pond, economic data had emerged victorious, surpassing all expectations. And with a storm of rate decisions brewing for next week, investors were left wondering what the future held. But despite the unease, one thing was clear - the American stock market had b

The greenback tumbled to fresh 8-month lows around 101.50 on Thursday, as measured by the USD Index (DXY). But the dollar quickly regained its footing and now stands tall at the 101.60/70 band. Investors are now turning their attention to key data releases, as the index appears to have regained its footing and halted its gradual, multi-session descent south of the 102.00 mark. The dollar's

As the markets danced to the tune of earnings reports and economic data, Treasury yields dipped on Wednesday. The yield on the 10-year Treasury was trading more than two basis points lower at 3.4416%, while the yield on the 2-year Treasury was down by less than a basis point to 4.1497%. Bond prices and yields move in opposite directions. Futures on the Dow Jones Industrial Average took a 79-poi

The S&P Global flash Composite Purchasing Managers' Index (PMI), a vital indicator of overall economic health, soared to 50.2 this month from 49.3 in December. January marked the first time the index has been above the 50 threshold, which separates growth from contraction, since June, and it exceeded the median Reuters poll forecast of 49.8. Optimism Abounds A mild winter, plummeting

The Euro has reached as far as $1.0903, breaking the recent peak of $1.08875, and opening the way for a spike top from last April at $1.0936. European Central Bank (ECB) governing council member Klaas Knot said that interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. Knot is considered a hawk among policymakers, and the comment was tak

As global economic uncertainty continues to weigh on currency markets, investors are closely watching the actions of central banks and governments for clues on how to navigate the potentially volatile financial landscape. With inflation figures remaining "way too high" and interest rates on the rise, the potential for a global recession looms on the horizon. Only time will tell how these

The U.S. economy is losing momentum and the release of weak data has sparked fears of a recession. This has led to a drop in U.S. government bond yields and weighed on the dollar. The yen has rebounded as traders bet on a shift away from ultra-loose monetary policy. European stock markets have also fallen as investors fret about the possibility of a recession. The surprise resignation of New Zeala

Dollar Takes a Hit as BOJ Keeps Policy Accommodative, Yen Soars The U.S. dollar is trading lower in early European trade Wednesday, with the focus mainly on the falling Japanese yen after the Bank of Japan maintained its accommodative stance, bucking expectations for a hawkish policy shift. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower

Are you feeling a little uneasy about the European stock market's expected dip today? Don't worry, it's just a small speed bump on the road to recovery. Sure, Chinese growth numbers may be a bit dire and the global economic outlook may be a cause for concern, but let's not forget that European equities had a positive start to the year. Investors are holding out hope that a slowdown

Most Asian currencies advanced against the dollar on Monday, cheered largely by the prospect of smaller interest rate hikes by the Federal Reserve. The yen rose 0.4% to 127.32 against the dollar, reaching its highest level since late May ahead of a BOJ policy meeting later this week. Yields on Japanese 10-year bonds rose above the 0.5% upper end set by the BOJ for a second consecutive day. The BOJ

As it turns out, investors got exactly what they wished for when it comes to inflation reports, even if equities turned out to be rather less euphoric than bonds after the fact. There is a possibility that this may be due to comments made by Federal Reserve officials in recent months underscoring their willingness to still raise the benchmark rate above 5% later this year. It was also emphasized t

In anticipation of Thursday's reading of U.S. consumer prices, European markets are likely to open higher. It is expected that traders from New York to London will be glued to their screens Thursday afternoon as they await the latest consumer price index reading from the Labor Department, which is due to be released at 13:30 GMT. In fact, many will be watching trading closely before the number

As investors prepare for further inflation data this week, the European markets opened mixed, with the U.S. consumer price data for December due on Thursday. On Wednesday, the US dollar traded largely flat in Europe, as risk sentiment rose, but attention remained firmly focused on the release of key US inflation data. A measure of the greenback's position against a basket of six other curre

Although China has pivoted away from its strict zero-COVID policy, investors are still concerned that the unprecedented flow of Chinese travellers may lead to another infection surge due to the massive flow of tourists. In addition, the protracted war between Russia and Ukraine has sparked concerns about a deeper downturn in the global economy, as a result of the prolonged conflict. As a result, r

A further reopening of the Chinese economy buoyed market sentiment at the start of the new trading week as European markets opened higher as we entered the first day of the week. The move came after US stocks rose on Friday amid signs that inflation may be cooling after the December jobs report and an economic activity survey showed that inflation may be cooling. This indicates that the Federal Re

On Friday morning, several European markets are cautiously higher as investors await the release of key inflation data for the eurozone. This data is expected to show a further slowdown in consumer price increases. This puts the release of Eurozone inflation data later in the session in the spotlight. Eurozone inflation The consumer price index for the eurozone is scheduled for release late

As investors digest the broadly hawkish tone of the minutes of the last Federal Reserve meeting, ahead of jobs reports in the US, European stock markets are expected to open marginally lower Thursday morning. There will be a release of the November Eurozone Producer Price Index later in the session, which will provide more insight into the direction of inflation in the eurozone. As a result

There was a decline in the US dollar on Wednesday, which resulted in the dollar giving back some of the gains it had made in the previous session. It is believed that the minutes of the Federal Reserve's December meeting will provide traders with some key clues about future U.S. monetary policy. This year started with a flurry of economic data. European stocks closed higher on Tuesday, help

Tuesday is likely to be a mixed day for European stock markets, as investors get back from the holiday period and take a close look at the economic outlook for the year ahead. German unemployment and inflation data for December, as well as the UK manufacturing PMI for December, are expected to provide further evidence of Europe's economic slowdown. As expectations grew that US interest r

The dollar index is little traded on Monday because most countries are celebrating their new year's holidays. However, the greenback gained nearly 8% in 2022 after the Federal Reserve decided to embark on one of its most aggressive rate-hike cycles in history to curb runaway inflation. Even so, the dollar has been weakening in recent months after data indicated that U.S. inflation is likely

As traders attempt to gauge the likely path the Federal Reserve is likely to take in tightening policy in the new year, the US dollar slipped lower during early European trade Friday, handing back some of the previous session's gains. The Dollar Index, a measure of how the greenback compares with a basket of six other currencies, fell by 0.2% to 103.877 in early trade on Friday. The dollar

As investors digest the latest growth data from the UK and attempt to end the year on a positive note, European stock markets are expected to continue to move marginally higher on Thursday. With the holiday season fast approaching, European markets have shown a sense of optimism. Equities soared Wednesday due to a slight improvement in German consumer sentiment, followed by a rebound in consume

As consumer sentiment in Germany, the dominant economy of the Eurozone has picked up in recent days, the stock markets are expected to open higher on Wednesday. This follows the previous session's weakness. There was a 0.7% increase in the DAX futures contract in Germany, a 0.4% increase in the CAC 40 futures contract in France, and a 0.4% increase in the FTSE 100 futures contract in the UK. T

On Tuesday, European markets are expected to open lower as investors evaluate the outlook for interest rates in 2023, which could lead to a further decrease in prices. Meantime, US housing data and Canada's retail sales figures stand at the top of the economic announcements for today. The yen surged to a four-month high against the dollar on Tuesday, making it one of the most notable FX mov

Following a recent period of weakness, European stock markets are expected to open marginally higher on Monday, with the focus on the German Ifo business climate index as an indicator of the health of the Eurozone's dominant economy. As the prospect of more interest rate hikes lies ahead, along with the looming possibility of weaker economic growth, sentiment has been dampened. However, inv

Despite the Federal Reserve raising rates as expected, stocks fell on Thursday, as chairman Powell confounded expectations of a less hawkish stance by saying rates would remain higher for a longer period of time. In response to the Federal Reserve's announcement that it plans to raise interest rates further next year, the dollar strengthened across the board on Thursday ahead of meetings be

The US dollar stabilized in early European trade Wednesday ahead of the Federal Reserve's rate decision after a sharp drop overnight in the wake of cooler-than-expected inflation data. For the second straight month in November, US consumer prices increased less than expected, suggesting that inflation may have peaked after surging to highs not seen since the 1980s. According to this data, t

The European stock market is expected to edge higher at the open on Tuesday with investors looking ahead to the release of U.S. inflation data later in the session and what it would mean for interest rate expectations. The global stock market remains in a holding pattern ahead of the release of the U.S. consumer price index for November, which is expected to show a moderation in the annual pace

As traders started the week on a cautious note ahead of the last Federal Reserve policy-setting meeting of the year and the reading of consumer inflation in the US, the greenback firmed in early European trade Monday. The world’s top central banks will conclude the year 2022 with hefty rate hikes as their battle against inflation continues. The Federal Reserve is expected to hike interest

Ahead of next week's crucial central bank meetings, European stock markets traded largely unchanged Thursday. Amidst uncertainty over the global economic outlook, traders sought out the US dollar as a safe haven in early European trade Thursday. Several senior bank executives have predicted that tightening monetary conditions will likely result in a global recession in 2023, leading European i

The US dollar edged higher by a few cents in early European trade Tuesday, continuing its huge gains from the previous session after strong US services data, while the euro fell despite positive German industrial production results. A surprising rise in the non-manufacturing PMI published by the Institute for Supply Management on Monday boosted the dollar, suggesting that the country's domi

The European market is predicted to open with a tepid tone on Monday, countering the trend in Asia-Pacific markets overnight, which was positive as investors would cautiously monitor the latest PMI data from Germany and UK, which are set to stay in the contraction zone. Traders, also, watch the ECB president Lagarde’s speech where she is expected to address further steps of the bank’s

European markets opened lower on Friday as investors awaited U.S. non-farm payroll data and news from China regarding its zero-covid policy. Oil and gas were the most heavily affected sectors, with both falling 1% shortly after the market opened. Meanwhile, the Pan-European Stoxx 600 fell 0.5%. There is a report that the European Union is in the process of tentatively agreeing to a $60 barrel p

In the wake of comments by Federal Reserve Chair Jerome Powell that the central bank would likely slow the pace of future rate hikes in the coming month, the dollar slipped further, and stocks rallied. There was, however, a dampening effect on sentiment due to weak economic data from China. A drop in the yield on the US 2-year note to nearly 3.70% has led it to fall below its 50-day moving average

In a bid to stand ahead of a speech by Fed Chair Jerome Powell on Wednesday, the dollar dipped from a one-week high, as optimism over a possible easing of China's COVID restrictions set the greenback on course for a monthly loss that will rival its biggest one since 2009. This was one of the finest performances for the euro, with the currency rising by as much as 0.3% ahead of euro zone inf

The greenback looked unstoppable earlier this year because investors added bets on inflation and the possibility of a rate hike in the US. There are now a great many people who are turning against it in droves. Former bulls such as JPMorgan Asset Management and Morgan Stanley believe that the era of dollar strength is coming to an end. This is because cooling prices will spur markets to trim their

Along with growing concerns about weaker demand in China due to an upsurge in COVID-19 cases, political uncertainty in the Chinese market was also triggered by rare protests that took place over the government's strict restrictions on COVID in Shanghai, which brought about selling pressure across the board. European stock markets are expected to open lower on Monday after a series of protes

The European stock market is expected to open mixed on Friday due to thin trading conditions, as investors are analyzing German data on growth and consumer confidence. It does appear, however, that perhaps Europe will be able to make it through the winter without experiencing a complete energy crisis. There has been no doubt that high prices have meant that gas storage facilities have been floo

Due to thin holiday trading, the DXY has remained on the back foot since early Thursday and continues to drift lower. Against a backdrop of disappointing macroeconomic data releases and the dovish tone seen in the FOMC Minutes on Wednesday, the US Dollar suffered heavy losses on Wednesday, with the US Dollar Index losing nearly 1% against its rivals. The US stock market and the bond market will be

The European stock market hovered near three-month highs on Wednesday, as rallying commodity stocks offset weakness in Credit Suisse, following the company's profit warning. After gloomy PMIs from the EU, investors are now watching business activity and jobless claims in the US to get a better picture of how the broader economy is faring. Wednesday morning, the US dollar weakened slightly in e

It is a mixed day on European stock markets Tuesday, as investors weigh the potential impact of the recent surge in COVID cases in China, the second largest economy in the world, on global growth. Meanwhile, they are waiting for Wednesday’s PMIs which are likely set to confirm contraction in other regions as well. In light of this, there are concerns that a return to widespread mobility r

This week's Federal Reserve meeting minutes are expected to be the highlight of a holiday-shortened week, and investors are hoping to see some signs that there may be a slowdown in the pace of interest rate hikes. There will be a crucial test in front of U.S. retailers this weekend as the most lucrative shopping period of the year kicks off on Friday. As the latest world economic forecasts fro

Early Friday morning, the futures market was mixed as investors continued to evaluate earnings reports and the Federal Reserve's increasingly aggressive stance ahead of UK retail sales numbers and Lagarde's speech. While the US dollar edged lower in early European trades on Friday, it is still on track for a weekly gain as Federal Reserve officials refuted market expectations for an ear

European and US equity futures traded higher alongside the dollar while Chinese stocks and the offshore yuan fell following an inflation warning from China’s central bank. The muted gains for European and US contracts mirrored small advances for Japanese and Australian shares in mixed Asian trade on Thursday. European equity futures will likely face a rough opening after declines in Asia

The early European trading session was dominated by political events, following a light economic calendar. As Western officials attempted to avoid escalating tensions with Russia, the US dollar weakened in early European trade Wednesday, giving back overnight gains It is also worth noting that European stocks opened on Wednesday marginally lower. Mercedes Benz Group led losses in automaker stocks,

The S&P 500 reached a two-month high at one point. As momentum failed to build over 4,000, while the US dollar retreated from its highs, which could cause markets in Europe to open mixed today as investors gauge the economic outlook in the region and globally. Currently, gold is moving up and down around $1,770 in a narrow range. As long as the yield on the benchmark 10-year US Treasury bond r

In the wake of two consecutive daily pullbacks, the dollar index is now in a position where it is trying to moderately rebound to the 107.00 region on the back of a tepid selling bias in the risk complex. The dollar's rebound comes in contrast with a small drop in US yields across the curve, as global equity indices continue to push higher after cooling-than-expected U.S. consumer prices lifte

After China announced that it would ease some Covid measures, stock futures rose early Friday, and the dollar hit its two-month lows boosting optimism fueled by better-than-feared inflation data that supported a broad market rally Thursday. There was a strong rally across the markets after the Bureau of Labor Statistics reported that consumer prices rose at a slower pace than expected in Octobe

On Thursday, the dollar edged higher ahead of U.S. inflation data, which is scheduled for release later in the day. However, the price of cryptocurrencies remained under pressure following the announcement that Binance would not be rescuing its ailing rival FTX, a crypto exchange. As the U.S. inflation rate is set to fall for the fourth straight month, it is imperative to read beyond the headli

In anticipation of the results of the midterm elections in the US, global investors are preparing for a lower open on European markets on Wednesday while US stocks are coming off three straight days of gains and so possibly were due for a pause. Results from the elections are continuing to come in, with a divided political landscape being predicted as the most likely outcome. It would seem that

On Tuesday, European stocks plunged due to concerns about slowing Chinese demand. In addition, there is trepidation ahead of the midterm elections in the United States which will determine which party will take control of Congress. In Europe, third-quarter earnings are underway, with a number of big companies reporting. In addition, the focus of the European data calendar will be Eurozone retai

European stock markets traded higher on Friday as the positive tone in Asia surrounding China's reopening speculation overshadowed weak German factory orders. A strong gain in Asian equity markets Friday gave European equities a boost, thanks to renewed speculation that China's COVID-19 control measures will be eased in the near future, which would in turn lift the country's economi

Global markets have reacted negatively to the Fed’s latest move; shares in Asia-Pacific dropped on Thursday while US stock futures resumed falling after a slight rebound. Following the negative note on Wall Street, European stocks also declined on Thursday. BoE rate hikes is due on Thursday Additionally, the market expects that the Bank of England will raise interest rates by 75 basis

As investors await the outcome of the Federal Reserve's latest policy meeting at the conclusion of Wednesday's meeting, stock futures were higher on Wednesday morning while the US dollar edged lower in early European trade. There was a lower closing price for the major stock averages in regular trading after the September job openings showed that the labour market is continuing to perform

The safe-haven greenback received some support from overnight losses on Wall Street, but a rise in US stock futures along with the firmness in Asian stocks, led by China, snuffed out that demand on Tuesday. In addition, lower long-term US Treasury yields have also taken away one of the crutches that kept the dollar strong. The S&P500 futures have rebounded strongly after a bearish Monday fo

A flat dollar index and dollar index futures are hovering around 110 on Monday. As traders anticipate a 75-basis point interest rate hike by the Federal Reserve on Wednesday, the greenback is expected to strengthen in the coming days. The markets, however, are also putting their money on signs that inflationary pressures are beginning to ease in the coming months, which will encourage the Fed t

The euro continues to drop on Friday morning ahead of German GDP figures and CPI data expected later in the session. The move follows a slump of more than 1% on Thursday afternoon, falling back below parity with the dollar after the markets felt a less hawkish stance from the ECB while the bank raised interest rates by 75 basis points. There was a wide range of reactions to the data released on We

On Thursday, most Asian currencies fell, as investors walked away from a recent rally to lock in profits, while the dollar was only pinned near one-month lows as markets bet on a less hawkish Federal Reserve. The markets are betting that there will be a slowdown in the U.S. economy, which will force the Federal Reserve to ease its pace of interest rate hikes - a belief that pulled down the doll

There was a slight rise in European stocks on Wednesday, as traders digested a large number of quarterly corporate earnings, particularly from the tech and banking sectors. These sectors play an influential role in the markets. After a three-day rally on Wall Street, stocks were mixed as major Asian indexes climbed and US futures fell because of slumps in Google parent Alphabet Inc. and Microsoft

On Monday, there is a prospect of European stocks gaining ground although Asian shares struggled amid China’s data. To qualify for the ballot, UK leadership candidates need to prove that they have received the support of at least 100 MPs by 2 pm on Monday. Investors will be also waiting for the French and German PMIs. The UK PMI is also included in Monday's data. GBP benefiting from t

European equity markets are likely to follow the footsteps of Wall Street after a negative close on Thursday and the losses in Asia over the early Friday session. As we enter the final trading day of the week, the mood of the market remains somewhat gloomy. This keeps the buoyant tone surrounding the US dollar intact across the board. Earlier in the session, there was some concern that European

As investors assess continuing economic uncertainty, European markets are heading for a negative open on Thursday. Several regional markets closed slightly lower on Wednesday afternoon as traders digested the latest inflation data for the UK and the EU and assessed expectations about the hike in interest rates and recession fears. As a result of economic worries, Asian shares traded lower on

A rise in inflation in September brought the UK's CPI above 10%, as food prices continue to have a significant impact on household incomes and continue to put pressure on Prime Minister Liz Truss and the Bank of England. Since the bond markets have been experiencing all sorts of ructions due to uncertainty over fiscal policy recently, the Bank of England could still be in a difficult positi

The European markets are expected to open higher Tuesday as the region reacts to the UK's fiscal U-turns on Monday. After the Nasdaq Composite rose Tuesday morning, US stock futures rose as well, posting their highest daily performance since July. Dow Jones Industrial Average futures gained 373 points or 1.23%. Futures on the S&P 500 and Nasdaq 100 rose 1.46% and 1.7%, respectively. The br

As the third quarter earnings season gets underway, U.S. stock futures are trading higher during Sunday's evening deals. This is because market participants anticipate how major companies will react to a slowdown in global growth over the next few months. There are several companies expected to report this week, including Rio Tinto ADR, Bank of America Corp, Bank of New York Mellon and Char

On Friday, Asian equities and futures indices fell as hawkish comments from US Federal Reserve officials reinforced the central bank's intention to hike interest rates. Several Fed officials emphasized their commitment to reining in rising inflation, vowing to push through with what is considered to be the most aggressive rate hike campaign in decades. The US economy may be feeling the effe

This Thursday, investors remain optimistic with mixed US ADP and ISM Services PMI numbers dampening expectations for aggressive Fed rate increases. However, it has barely affected market pricing of a 75 bps Fed rate hike in November, which is now at 65%. US Treasury yields are falling as a result of a lack of clarity regarding the Federal Reserve's tightening agenda, which is underpinning the

After rallying more than 5% in the previous three sessions on easing concerns about policy tightening, European shares fell on Wednesday, suggesting that the positive tone in Asian equities may prove short-lived, as investors' attention turned to regional and US data due later in the day. Following weaker US manufacturing data, shrinking job openings, and a smaller-than-expected rate hike f

The US dollar retreated in early European trading Tuesday after disappointing US ISM Manufacturing PMI weighed down on the dollar, keeping risk sentiment on the rise. It gives other majors more room to pare back some of their recent losses against the greenback. It has also kept gold bulls hopeful for reaching the 50-day exponential moving average around the 1714 mark. There has been a statemen

Stock markets across Europe are expected to tend lower on Monday, as investors weigh regional energy concerns, UK political turmoil, and concerns over Credit Suisse's health. Week in a glance The Federal Reserve's rate hikes will be closely watched by investors on Friday, as they try to gauge how much impact their rate hikes are having on the economy. As markets try to gauge their ap

It is expected that European stock markets will open marginally higher Friday, thanks to a stronger-than-expected growth rate in the UK However, gains are likely to be limited due to continued concerns about slower economic growth as central banks raise interest rates while geopolitical risks remain high. There has been a sharp drop in major Wall Street indices on Thursday, leading to stocks fa

Inflation in Germany is expected to jump to 9.4% in September, raising concerns about more aggressive monetary policy tightening, weighing on European stock markets on Thursday. Bond yields have soared in recent weeks as central bankers have increased interest rates substantially to contain hot inflation, potentially tipping the global economy into recession. Investors are closely watching the

Early European trade saw the US dollar index climb 0.5% to 114.70 against a basket of major currencies. As the benchmark US 10-year Treasury yield breached 4% for the first time since 2010 - after topping 3.9% overnight - the dollar continued its relentless upward march. The yield on the policy-sensitive 2-year Treasury note was 4.2953%. There is an inverted relationship between yields and prices.

US dollar is taking a breather after a couple of volatile sessions ahead of Tuesday's highly anticipated events. The Dollar Index, which measures the greenback against a basket of six other currencies, fell 0.5% to 113.500. It is not far from the level of 114.58 it reached on Monday, which was its highest point since May 2002. The European markets are expected to open higher after shares in

European stock markets are expected to open lower Monday, weighed by a deteriorating economic outlook and political uncertainty. Concern about the global growth outlook has been increasing as inflation remains high and central banks resort to aggressive interest rate hikes to tame rising prices. The dollar index, which tracks the greenback against a basket of six other currencies, climbed to a

On Friday morning, stock futures were lower as investors continued to react to the Fed's rate hike and concerns about a possible economic slowdown. Considering the latest pullback in the Dow, the stock market has fallen by about 2.4% so far this week. Also, both the S&P 500 and the Nasdaq have seen slightly sharper declines, falling by about 3% and 3.3%, respectively. The European stock

Thursday's European stock market losses were triggered by another large interest rate hike by the US Federal Reserve. This is likely setting the stage for aggressive monetary tightening by the Bank of England and the Swiss National Bank. Fed’s rate decision In line with expectations, the Federal Reserve raised interest rates by 75 basis points, causing the Fed funds rate to reach 3

The European market retreated on Wednesday as investors braced themselves for another aggressive interest rate move by the US Federal Reserve. In anticipation of further aggressive interest rate increases from central banks over the next few days, European markets and US markets both fell back sharply yesterday as bond yields both in the US and across Europe reached their highest levels in more

For the first time since November 2007, the two-year US Treasury yield climbed as high as 3.970% overnight. A 10-year yield of 3.518% reached a high not seen since April 2011. Investors around the world are focusing on the US Federal Reserve's two-day monetary policy meeting, starting Tuesday. A 75-basis-point rise in interest rates is expected by the markets as the central bank seeks to pu

In the face of a week packed with market holidays and central bank decisions from Washington to London and Tokyo, the dollar remained near a two-decade high on Monday. With US consumer prices rising stubbornly, investors are rushing to price in higher interest rates and a stronger dollar. Markets are currently pricing in that the Federal Open Market Committee will increase interest rates by ano

European markets are expected to edge lower, following the Asian and US path on Friday, while investors will be closely watching EU inflation figures and UK retail sales data. The most exciting development on Friday came from the gold market, where the precious metal broke the crucial support of $1690 to draw a bearish outlook ahead of the Federal Reserve's meeting next week. The price stoo

The European markets are set for a positive start to Thursday following modest gains in the US yesterday and Asia-Pacific markets overnight. The European market closed lower on Wednesday as investors reacted to the latest inflation data out of the United States, while Wall Street posted modest gains after Tuesday's massive sell-off. On Thursday, investors will get a glimpse of August's

In response to the latest inflation data out of the US, European markets are expected to open negative on Wednesday. Europe's stocks have received a negative handover from Wall Street and Asia. After the August inflation report came in higher than expected, US stocks fell sharply on Tuesday, hurting investor optimism for cooling prices and a less aggressive Federal Reserve. A recent repo

It's shaping up to be a mixed start for European stocks on Tuesday as global markets prepare for the latest reading of US inflation data, which is expected to be released later in the session. Despite speculation that inflation has nearly peaked, US stocks rose on the final day of trading before releasing critical consumer-price data. During the past four days, the S&P 500 has recorded

On Monday morning, the dollar index dropped, showing some profit-taking activity as investors unwound some long bets they had made after a month of solid gains for the greenback. The dollar also suffered from a rise in the euro, which jumped 0.5% on Monday. In the wake of the European Central Bank hiking 75 basis points in interest rates last week, investors have priced in a steeper rise in intere

As markets digested more hawkish comments from the Fed on Friday, the dollar took a breather from its surging rally. At the same time, the euro held on to parity thanks to an outsized rate hike from the European Central Bank that helped keep both currencies close to each other. Despite Jerome Powell reaffirming the central bank's aggressive stance against inflation, currency movements were

Following a rebound on Wall Street, European markets are expected to open higher on Thursday. Today's focus falls on the European Central Bank, which is due to announce its latest monetary policy moves. A series of rate hikes are expected to be frontloaded, and growth in the region is likely to be sacrificed due to the rising cost of living.  Considering that inflation in the eurozone

On Wednesday, European markets are expected to open lower as investors continue to focus on the recessionary outlook and inflationary pressures. They will keep an eye on EU GDP figures and the BoE governor's speech. In addition, investors look forward to the Bank of Canada policy meeting and the US Federal Reserve's Beige Book, which summarizes current economic conditions. US dollar sur

Tuesday is expected to be another day of little change for European stock markets after the previous session's sharp losses caused the markets to stabilize. Despite this, investors remain on high alert regarding recession risks, as a report released earlier today revealed that German factory orders fell an estimated 1.1% in July, which was in line with the contraction seen last month and a fur

European stocks will likely open lower as investors focus on the energy dispute between Moscow and the West. The euro fell to new lows after Moscow vowed to keep its main gas pipeline to Germany shut. While traders await the ECB rate decision on Thursday, where officials are set to raise interest rates to combat rising inflation. The markets will likely remain volatile on Monday after Labor Day. O

As investors cautiously await the release of the important US monthly jobs report, which may guide future Fed policy, European stock markets are expected to open slightly lower on Friday. The August US jobs report is due out later today. It will be closely watched since it is one of the last pieces of economic data the Fed will see before raising rates again in September. The release comes s

Stock markets in Europe fell sharply on Thursday, kicking off the new month negatively as investors fretted about the combination of tightening monetary policy and a slowdown in global economic growth. As investors braced for higher US interest rates while Japanese interest rates remained firmly pinned down, the dollar soared to a 24-year high against the Japanese yen. It was announced earlier

According to a report released earlier Wednesday, French price growth slowed in August by more than expected, edging down from its highest level since the early 1990s. Harmonizing with the European Union's methodology, the country's closely watched consumer price index rose by 6.5%, down from 6.8% in July. Although this fall in consumer spending is welcome, separate data showed that

An energized euro battered the dollar on Tuesday after it fell from a two-decade high versus major peers. European nations' inflation figures and Friday's US non-farm payrolls will be of interest to the upcoming economic data. The reason behind this is that investors try to figure out whether the central bank is able to handle an economic slowdown without the economy entering into a recess

In response to Jerome Powell's announcement that interest rates will remain high for longer to address rising inflation, the US dollar surged to a 20-year high against a basket of currencies on Monday. In the Asia trade, the dollar index reached a two-decade high of 109.44, pushing other major currencies to new lows and putting pressure on emerging market currencies. Dollar-yen trading

On Friday, European markets are expected to open higher following cautious gains in Asian shares. Global attention is focused on the Jackson Hole economic symposium, at which US Federal Reserve Chairman Jerome Powell is scheduled to speak. Traders around the world will be tuning in to Powell's speech today, looking for clues regarding the pace and trajectory of the central bank's moneta

As traders seek out further cues on monetary policy, the U.S. dollar eased lower in early European trade on Thursday. Still, it remained near a two-decade high ahead of the start of the Federal Reserve's Jackson Hole gathering on Thursday.  As the U.S. currency's recent rally ran out of steam, the euro rebounded back over parity with the dollar. Recently, the U.S. dollar has been w

The main European indices are expected to stick in narrow ranges Wednesday, with global investors becoming more concerned that rising energy prices and central banks raising rates will cause the global economy to slide into a prolonged recession as European gas prices continue to trade at record highs. At the same time, oil prices soared roughly 4% Tuesday in the wake of tight US supply and specul

In Asia, stocks fell as Wall Street stumbled amid expectations that the Federal Reserve will stress its need for sharp rate hikes later this week in Jackson Hole. So, the European markets are expected to open lower. On Tuesday, the dollar held steady amid safe-haven flows while the euro hovered around a two-decade low. In the run-up to the critical flash purchasing managers index survey data

Investors fretting about a potential global recession and tightening monetary policies began the new week on a down note Monday as European stock markets opened lower. While most central banks continue to raise rates, the dollar extended its climb amid concerns over global growth. Policymakers at Jackson Hole Powell will headline a host of policymakers at Jackson Hole later this week. There

The dollar kept its lead on Thursday, and Asian equities declined further, uninspired by Wall Street's attempt to pare losses after the Fed minutes. It appears that investors are closely monitoring the latest EU inflation data that is due to be released later in the session. EU inflation According to data released by Eurostat on Wednesday, the economic growth rate in the Eurozone for the

Ahead of Wednesday's release of key Eurozone growth figures, European stock markets are expected to open higher. The latest minutes of the Federal Reserve meeting will be released later in the session, which will be closely watched by investors. It is clear that the gas crisis and what it means for the eurozone's growth prospects this winter have taken a toll on the single currency. Cur

According to official data released on Tuesday, the hot labour market in Britain has cooled as companies are turning more cautious about hiring. Workers have also been hit with record-low adjusted wages due to rising inflation. UK labour market shows signs of weakening In line with expectations, the unemployment rate remained close to a half-century low at 3.8%. However, in the April-June pe

Monday's European stock market opening is expected to be mixed amid concerns about slowing global growth following weak Chinese economic data. This gave a shot to the dollar to rise cautiously against other major currencies In a surprise move, China's central bank, in response to economic data released earlier Monday, has cut key lending rates for the first time in nearly a year due to

In early European trade Friday, the dollar edged higher, bouncing back from a two-day slump caused by weaker inflation data than analysts had anticipated. As a result, the markets are shifting their view of the Fed's supercharged tightening path, expecting only a 50 basis point rate increase in September instead of the 75 basis points previously expected. As surging inflation dampened consu

The European stock markets are expected to open higher Thursday, boosted by solid gains on Wall Street overnight following yesterday's surprise drop in the US CPI. Additionally, oil flows in the southern part of the Druzhba pipeline have resumed after being stopped last week. The markets await the weekly jobless claims and US PPI figures for more clues on the macroeconomic picture. The Fede

The futures indices are pointing to a tepid start for stocks in Europe and the US on Wednesday, as weakness in the tech sector acted as a broader drag after another earnings downgrade on Tuesday, this time from Micron, following another by Nvidia on Monday. The recent weakness in the European economy is likely to result in a cautious start to the European markets as investors look for signs tha

As traders awaited the US inflation data due later in the week to be released, the dollar hovered just below recent highs on Tuesday. In recent sessions, European stock market indices have surged higher, aided by generally upbeat corporate earnings announcements, which have helped lift the market. Additionally, it is possible that soon, the Federal Reserve will start ceasing to be as aggressive wi

After a surprise jobs report last week, we are about to see a plethora of inflation data. This data will include CPI, PPI, and unit labour costs. Notably, the Fed pays close attention to Friday's consumer sentiment, which provides consumer expectations about inflation. Should inflation continue to rise, the Fed's forecast of 3.25%-3.5% for year-end inflation could move higher. A volatil

It appears a persistent inflation wave has been sweeping across south Asia after reaching multi-decade highs in Europe and the US. As a result, the Reserve Bank of India carried out a continuation of its tightening approach early on Friday, raising interest rates for the third time this year. However, much attention will be paid to the closely watched employment report for the US in July, which wi

The FTSE is set for a tepid start on Thursday as markets are jittery ahead of the Bank of England policy decision. A 50 basis point increase in interest rates is widely expected by the central bank, which would be the largest increase since 1995. In the wake of this interest rate hike, the benchmark rate will rise to 1.75%, the highest level since late 2008 at the beginning of the global financ

As Federal Reserve officials talked about the possibility of raising interest rates further aggressively in the future, the dollar clung on in choppy trade on Wednesday after its biggest surge in weeks. It was revealed on Tuesday that there were fewer job openings than expected across the country in June, bringing the number to its lowest level since September, an ominous sign of things to come

The US long-term Treasury yield has fallen to a four-month low, pulling down the US dollar as investors seek safety after China threatened repercussions if Pelosi visited its self-governed territory. After falling to its lowest in two months against the recovering Japanese yen on Monday, the dollar will likely continue declining on Tuesday. Also, it lost ground on other peers as investors posit

As a result of data indicating a slowdown in Chinese factory activity on Monday, most Asian currencies fell Monday. However, the Japanese yen continued to hold its substantial gains against the dollar. FX traders are eagerly awaiting the release of the manufacturing PMIs for Europe and the United States. With the latest manufacturing PMI numbers for Spain, Italy, France, and Germany all expected t

Bulls take a breather ahead of the EU preliminary inflation report as EUR/USD clings to daily gains above 1.0200 despite weak German GDP data. The dollar remains heavy as yields fall amid renewed economic woes. As we begin with Europe, Q2 GDP and preliminary monthly CPI from the EU are due on Friday, likely to show a weak second quarter. Q2 GDP in the European Union is expected to slow to 0.2% fro

On Thursday, apart from today's US GDP figures, markets will be looking for signs of a further slowdown in German inflation for July during the European markets open. The June figure dropped to 8.2% from 8.7% in May and is expected to decrease further to 8.1% in July. On Wednesday, the Federal Reserve raised interest rates for the second straight time by 75 basis points. However, Chairman J

With Wednesday's European open fast approaching, the main focus will be on this evening's meeting of the Federal Reserve, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation. The dollar remained consolidated, edging further away from recent 20-year highs on Wednesday ahead of the meeting. European attention has remained focused on gas s

With investors assessing the latest corporates' earnings ahead of this week's pivotal Federal Reserve meeting, European shares are on track for a muted start. US dollar index trades lower on Tuesday, consolidating around 106.40 for the fourth consecutive day. An update on the world economy is released by the IMF. Finland's unemployment data and Spain's and Sweden's PPI inflatio

Against a backdrop of a 75-basis-point (bp) rate hike on Wednesday, and a 9% chance of a 100-basis-point hike, the US Federal Reserve is going to conclude a two-day meeting on the following Wednesday. It will be interesting to see how the market reacts to how hawkish Jerome Powell sounds with his determination to reduce inflation in the face of slowing growth. Traders are pulling back on tig

Before new survey growth data is released on Friday, investors are expected to digest the European Central Bank's larger-than-expected interest rate increase, which may give a higher open to stocks. As a result of soaring inflation, the European Central Bank increased interest rates by 50 basis points on Thursday. According to its recent policy announcements, it is widely expected that

The euro rebounded cautiously on Thursday as investors braced for the European Central Bank's first interest-rate increase since 2011 and the scheduled reopening of a key Russian gas pipeline later in the day. Meanwhile, the yen shrugged off the Bank of Japan's decision to keep its ultra-easy monetary policy unchanged. ECB joins hike rate club As global economic conditions worsen, eq

A reasonably healthy set of corporate earnings on Tuesday led to a dispelling of fears that aggressive monetary tightening would weigh heavily on the bottom lines of companies. Thus, European markets today will likely continue to take on the same positive tone seen in Asia Wednesday after the main indices closed sharply higher on Wall Street on Tuesday. According to Reuters, Russian gas flows v

The European markets are expected to open mixed following yesterday's late US sell-off, while Tuesday's focus will be on the EU CPI after UK unemployment and wages figures came better than expected. In March, the UK's unemployment rate fell to its lowest level since 1974, dropping to 3.7%. In April, the figure edged up a bit to 3.8%. It remained at this level in today's May numb

In Asia-Pacific markets on Monday, Hong Kong's Hang Seng Index gained more than 2%, while US stock index futures were modestly higher early on Monday morning after a positive weekly end. So, European stocks are expected to gain modestly on Monday, following the global trend. However, Italy would be an exception due to political uncertainty.  Busy week  This week, corporate earn

The dollar's popularity returns as investors reassess the Fed's stance on rate hikes amid a cautious mood after China's growth data disappointed ahead of US retail sales data. The Chinese economic growth data on Friday provided a clear manifestation of global policymakers' challenges.  According to data released by the government, there was a 2.6% decline in the gross do

In early European trade on Thursday, the dollar surged higher, and European stock markets edged down as the latest US inflation report raised the possibility of further monetary tightening, weighing on global economic growth. EU cuts eurozone growth forecasts On Thursday, the European Commission revised up its estimates for inflation and reduced its forecasts for eurozone economic growth thi

While stocks remain almost unchanged across Europe on Wednesday, the euro is hovering just above parity against the dollar as investors await the highly anticipated US inflation report later in the day. Most movements in the FX market felt insubstantial in the run-up to the release of the US inflation data for June, which is expected to have accelerated by 8.8% annually, marking a 40-year high.

With the prospect of further tightening by central banks, renewed COVID outbreaks in China, and Europe's energy shortages unnerving investors on Tuesday, global equity markets tumbled, oil declined, and the euro edged closer to parity with the safe-haven dollar. A growing number of reports of infections in Shanghai, along with the seven-day ban in Macau announced earlier this week, have res

Major share indices are expected to open the week mainly in the red on Monday as investors braced for the latest set of CPI reports, which will be the week's main story, as they expect an acceleration in prices to keep the Fed on their toes throughout the week. Several key S&P 500 components and banks kick off this week's second-quarter earnings season. Most countries release June i

In early European trade Friday, the Euro extended its loss to parity against the dollar, remaining near two-decade lows amid fears of a Russian-induced energy crisis tipping the continent into recession, while the US dollar edged lower as attention will turn later in the session to the release of the latest monthly US job reports, which are expected to show the number of Americans in paid employme

In the Asia session, the yield on two-year Treasury notes jumped 14 basis points to 2.9691%, exceeding the 10-year yield of 2.9206%, which is suggestive of a slowdown in economic growth due to rate increases hitting. US employment data showed higher openings than expected, and the services sector continued to do well. Detailed information about the labour market will be released on Friday, prov

On Wednesday, the market will try to find bargains again, hoping to reverse the downward trend. However, most eyes will be on the Eurozone retail sales data for May, which will give an indication of how rampant inflation is affecting consumers in the Eurozone.  Events of today In addition, the minutes from the last Federal Reserve meeting will be released, which resulted in the highest

In the holiday-shortened week ahead, Friday's jobs report and Wednesday's minutes from the Federal Reserve's June meeting are set to be the highlights. With the Fed rapidly tightening monetary policy to quell the highest inflation in decades, US equity markets are heading into an uncertain third quarter after the worst first half since 1970. Despite soaring inflation, Australia's c

European stock markets are expected to open lower for another day as investors are cautiously waiting for Eurozone inflation and manufacturing PMI amid rising concerns over a global economic slowdown, which more aggressive monetary tightening can bring.  Dollar on high demand With safe-haven demand supporting the dollar, the greenback edged higher in early European trading on Friday, tr

All the facts at present indicate that curbing inflation is the top priority for policymakers, which will hamper the economy. Therefore, safe-haven currencies like the US dollar and Swiss franc are in high demand as investors are looking for safety to park their capital.  On Thursday, the dollar remained strong against other major currencies while sterling slipped back to $1.2132, setting

Euro slid below 1.05 after the announcement by European Central Bank (ECB) chief Christine Lagarde, where she did not seem eager to offer additional details about what the ECB would be doing in terms of interest rate hikes. The ECB is expected to hike interest rates in July for the first time in a decade to tame soaring inflation. Christine Lagarde, from the European Central Bank, along with Fe

A rally in oil prices boosted commodity currencies on Tuesday, while the euro held onto its recent gains ahead of a speech from Christine Lagarde. The European stock markets are expected to open mixed Tuesday after another drop in German consumer confidence while the G-7 summit continues.  FX market A survey of around 2,000 Germans by the GfK institute found that its consumer sentiment

On Monday, the dollar eased back from the 20-year high it reached earlier this month, following disappointing economic data from the United States, which might dampen expectations for more rapid Federal Reserve rate hikes.  In the intervening period, market participants have still been concerned about the trade-off between managing inflation and avoiding a hard landing. Even though ongoing

The stock and bond markets were both headed for their first weekly gain in a month on Friday after investors bet on central banks bringing inflation under control. However, worries about global growth weighed on commodities. In response to concerns about the path of Federal Reserve policy and whether aggressive rate hikes will trigger a recession, the dollar slipped against its major peers on F

In Europe, markets gave back their gains from earlier in the week, trading lower on Thursday. In the US, markets initially opened more down but managed to rebound to gain some ground before closing marginally down. During today's European open, the primary focus will be on the latest flash PMIs for June from France, Germany, the UK, and the US. Further weakness is expected across the board due

The safe-haven dollar gained ground on most peers on Wednesday as investors turned nervous again about global growth prospects, while the yen hit a fresh 24-year low as elevated bond yields in the US and Europe contrasted with low Japanese interest rates. The dollar index, which measures the greenback against six peers, is a touch firmer at 103.67. The benchmark US 10-year Treasuries yield is p

On Tuesday, the European indices are likely to continue their gains from Monday. This is because investors seek bargains after last week's heavy losses caused by global central banks tightening their monetary policies. The recent drop in equity markets and shift in investors' attitudes make a bottoming thesis more difficult to make.  The RBA's June meeting minutes, in which the

Due to the US holiday, market conditions on Monday may be thinned out, a factor that could exacerbate volatility. The European stock market opened higher on Monday after a tumultuous week, with investors anticipating further hints of an interest rate hike path from the central banks this week. Equities bear market Last week, Wall Street and the Federal Reserve faced a new reality, and invest

As monetary policy tightens and concerns about an economic slowdown grow, the global stock markets are experiencing mixed sentiment on Friday morning. Central banks across the world are tightening their monetary policies in an attempt to tame the raging inflation. A 75-bp hike by the Federal Reserve was followed by a 50-bp hike by the Swiss National Bank on Thursday, whereas the Bank of England

As a result of the ECB's statement about accelerating work on a crisis tool that will be used to address concerns about fragmentation of EU bond markets and Italian bond market developments, European markets managed to break the losing streak, closing the day higher. Asia's stocks turned lower following the US Federal Reserve's decision to hike rates by 75 basis points. Fed raised t

During Wednesday's European session, the US dollar climbed ahead of the Federal Reserve's policy announcement after a two-day meeting, which is expected to result in more aggressive monetary tightening.  The Fed signalled at its meeting in May that half-point increases were very likely at its following two meetings. Still, expectations have been rising in the wake of Friday's r

Almost all the major sectors of the S&P 500 began the week down, with only about 10 components in positive territory. Monday saw a broad drop in US equities, with the S&P 500 confirming it is in a bear market. Throughout this year, the markets have been under pressure as rising prices, including a spike in oil prices, caused partly by the war in Ukraine, have prompted the Federal Reserv

In a week that's likely to be busy for central banks, the Federal Reserve is widely expected to raise interest rates by another 50 basis points. Following Friday's much stronger than expected inflation data, investors will be closely watching the comments of Fed Chair Jerome Powell regarding future interest rate hikes. Following the growing cost of living crisis, the Bank of England is lik

On Friday, the dollar eased off a two-week high against the euro, and European stock markets are expected to open lower after investors digested the ECB's rate hike guidance ahead of the release of key US inflation data. The US dollar has been riding rough waters for most of the week, and the vast anticipation ahead of the inflation report could shake things up. The CPI release will likely

Investors are expected to focus on the ECB meeting on Thursday as the central bank is widely expected to announce an imminent end to large-scale asset purchases, smoothing the way for the first interest rate increase in over a decade next month to combat record inflation.  Rate hike expectations are close to zero this week. However, the 25bp increases in July and September are fully incorp

With the US dollar scaling higher on Wednesday amid an upward trend in Treasury yields, the EUR/USD is on the defensive below 1.0700, and the yen dropped to a 20-year low, while the Bank of Japan (BOJ) has yet to indicate that it will end ultra-easy monetary policies. However, Japan's economy appears to be recovering. According to data released earlier in the day, Japan's gross domestic

On Tuesday, The dollar gained for a second day, reaching a new two-decade high against the yen, as concerns about inflation lifted Treasury yields and hurt equity markets. Australian central bank raised interest rates on Tuesday by the most in 22 years. It warned of more tightening as it battles to contain surging inflation. The move stunned markets and sent the Australian dollar soaring. The R

As investors prepare for a busy week, including the ECB meeting scheduled for Thursday to discuss policy easing and US inflation data expected Friday, the US dollar edged lower in early European trade Monday, while the European stock market is expected to open higher. The first week of June ended on a down note for stock markets, as a strong US jobs report proved the Federal Reserve and other c

While the gold price remains close to its monthly high, it is struggling to extend its two-day uptrend amid market jitters ahead of Friday's release of the US employment report while UK markets are on holiday. This is one of the thermometers, along with inflation, used by the US Federal Reserve to gauge the health of the US economy. If the US employment market slows, investors are hoping th

On Thursday, the euro and the yen rose against the dollar in the early European session. At the same time, the Swiss franc reached a one-month high against the euro after Swiss inflation surged to its highest in 14 years. The dollar reached a three-week high against the yen in Asia markets. It remained strong against other major currencies, supported by this week's increase in US Treasury y

It is no surprise that the US dollar ticked higher in Europe early Wednesday, as markets are again focused on global inflation. We can assume the 50-day exponential moving average has capped further decline if today's dollar index ends on a positive note.  Data released earlier Wednesday showed China's factory activity contracted less sharply than expected in May. This is because t

Markets in Asia and Europe started the week with a positive outlook yesterday after reports that covid restrictions in Shanghai and Beijing are on their way to being loosened. But as inflation worries weighed on investors, European equity futures fell Tuesday, and Asian shares steadied, capping off another volatile month for markets. With inflation in Germany reaching another all-time high, the

Stock markets are currently on a rebound against a backdrop of a weaker dollar and declining Treasury yields, as the dollar dropped for a second week in a row, and the 10-year yield dipped for the third week in a row. It would appear that the markets are anticipating the top for both the greenback and yields, based on the reversals that have already been seen because inflationary pressure in the U

On Friday, the dollar fell to a one-month low against a basket of major currencies as traders reduced expectations for a Federal Reserve rate hike in the second half of the year, amid signs the Fed might slow or pause its tightening cycle. FX market The EUR/USD pair soared to a one-month record high of 1.0765, while the GBP/USD pair rose to a fresh monthly high of 1.2666 after the dollar dro

In reaction to Wednesday's Fed minutes, the dollar index calmly consolidated around 102.03 after seeing an immediate rebound following the announcement. Nevertheless, it was a mild bounce as the Asian session opened. Some investors noted that there were few surprises in the minutes. Long-term Treasury yields held steady overnight while US shares were up. 75 bps rate hike off the agenda A

With worries about a potential recession caused by tighter monetary policy, investors are keeping an eye on the latest Fed minutes on Wednesday to get additional clues on whether the tightening will continue after summer.  With expectations for aggressive Fed rate hikes slowing, 2-year Treasury yields have suffered, forcing the dollar to take a big step back as the notion of a Fed pause in

Despite closing in solidly positive territory on Monday, US markets have given up their positive momentum overnight. This has the result that Tuesday's European open is likely to be negative. UK public sector borrowing and flash PMI data will dominate today's mood, along with ECB President and Fed chair comments in Davos. Multiple threats to the global economy topped the worries at the

The US dollar remained steady on Thursday, following yesterday's gains. Even though safe-haven assets have recently cooled down their rally, investors continue to be cautious about the global economic slowdown following a down day for US futures and Asian equities. It has been a while since markets seemed okay with the 50bps hike this month, followed by another 50bps hike in June. However,

It was a tough morning in Europe for both the Sterling and the Euro on Wednesday morning, as inflation in the UK shot through the roof, hitting 9% in April, its highest level since 1982. Traders eagerly eye the European CPI report later today. UK inflation During April, the consumer price index rose 2.5%, the most significant monthly increase since 1991, as the cap on household electricity

After Asia markets rallied following the easing of some Chinese trade restrictions, the European open is expected to be positive as we look forward to another day of important economic data from the UK and the US. Tuesday is the third day in a row so far that the dollar index has been lower. In contrast, US bond yields have pulled back slightly as traders estimate that more aggressive interest

Early European trade Monday saw the US dollar stable, just off a 20-year high, as traders sought this safe haven amid concerns about slowing global growth and mounting geopolitical tensions. As a result, European stock markets are expected to open lower on Monday, kicking off the week cautiously. China data After shockingly weak data from China exposed the deep damage lockdowns are causing t

During this rollercoaster week, European equities followed Wall Street's lead as investors reacted to a combination of factors, such as the possibility that inflation in the US has peaked while also Federal Reserve chairman Jerome Powell's warning that the US economy still needs a lot of work to get back to where it was. US job market In the latest data from the US Bureau of Labor St

The dollar was up on Thursday morning in Asia as US inflation eased less than expected, keeping the US Federal Reserve on course to tighten monetary policy aggressively. The headline CPI reading for April was 8.3% in the US, higher than the expected 8.1% and down from last month's 8.5% reading. The Fed's tightening policies have investors concerned about a recession. This was refle

Market participants are now waiting for the April US CPI figure, which is expected to be released later today. Investors need to keep their eyes open for any signs that inflation might be beginning to cool at an annual rate of 8.1%. The producer price index will be released the following day. The major US stock market indexes rose slightly on Tuesday, allowing a small break from the equity slum

On Tuesday, the DXY experienced exhaustion in its uptrend after the index reached its 20-year high at 104.20. Treasury yields shot up during the last two weeks in response to aggressive Federal Reserve tightening expectations. However, after Atlanta Fed President Raphael Bostic suggested the central bank should not hike rates by 75 basis points at its next meeting, yields took a breather. The

Due to concerns over slowing global economic growth and rising interest rates, investors searched for safety and yield on Monday, pushing the dollar index above 104. Investors are unsure on many counts because of a rise in inflation, the war in Ukraine, and tighter lockdowns against COVID-19 in Beijing and Shanghai, but they are sure that the United States interest rates will rise and the dolla

The US nonfarm payroll report is due out on Friday, likely supporting vigorous monetary policy tightening. The dollar is expected to win against significant rivals for a fifth consecutive week. The Fed raised interest rates by 50 basis points midweek, putting it at the forefront of hawkish global central banks. As benchmark US Treasury yields jumped to 3.1% overnight, the greenback was up for a

As investors reacted to the US Federal Reserve's latest policy decision to end super-size interest rate hikes, the dollar took its biggest tumble in more than a month on Thursday morning in Asia.   In Wednesday's policy decision handed down by the Federal Open Market Committee, the interest rate was raised by 50 bp to 1%, which sent the US dollar index falling from a five-year

Following the stock market recovery over the past two days, investors' attention on Wednesday turned to the PMI data from Europe and US, the US non-farm payrolls report and the Federal Reserve meeting. In addition, the energy market may fluctuate upside due to the announcement of a new round of European sanctions against Russian oil. The dollar is up considering tightening policies Follo

Stock markets showed a weak start to the new month, driven mainly by declining economic activity in China and rising interest rates by major central banks. The dollar index, which measures the currency's value against the other six major currencies, traded in a flag pattern near its 20-year high of 103. Euro sellers are still struggling with 1.05 support. Stock Markets Outlook Data from

On Monday, the dollar rose ahead of ISM manufacturing PMI for April. While China's economy is slowing sharply based on new economic data, contributing to a further surge in risk aversion. In addition, central banks' decisions on interest rates are the crucial market drivers this week as the Federal Reserve and the Bank of England are expected to raise their rates in this week's meeting

Thursday's European open looks set to be a positive one after Tech companies' Q1 numbers didn't turn out quite as bad as expected. After hours, the shares rose in what appeared to be a relief rally. In addition, Asian markets have increased on Chinese policymakers' promises to offer further financial support. In general, April has been a disappointing month for stock markets, bu

Markets in Europe are expected to open in the red following a global market sell-off that extended into Asia on Wednesday, as investors shifted to safe havens like the US dollar and government bonds in lieu of riskier assets. The announcement that Russia might cut off gas supplies to Eastern Europe added to the gloom, sending the MSCI world equity index to 13-month lows.  US markets

Amid concerns about the impact of China's COVID-19 lockdowns and the aggressive hike in interest rates, investors scrambled for safety as the dollar hit a two-year high against the euro and an 18-month high against the pound. The dollar increased against most peers in the overnight session, with its index coming in at 101.58, just off its two-year high. Rising concerns over China's

There is a choppy market on Monday. The gold price fell to a one-month low on Monday, along with Asian stocks, falling to their lowest level in two weeks on concern about rapid rates hikes in the U.S. and slowing growth, while the euro plunged to a 25-month low to meet the 1.07 mark. Due to the strengthening dollar, gold priced in greenbacks became more expensive for holders of other currencies

Following the selloff in US markets last night, we can expect a sharp decline in European stock markets this morning, with the main focus on UK retail sales for March and the flash PMIs for April from France, Germany, and the UK. In contrast to yesterday's generally positive session in the European markets, US markets turned negative following a speech by Fed chair Jay Powell laying out the

Thursday is going to be a mixed day for the European open as investors wait for comments from the three main central bankers: Fed chair Jerome Powell, ECB President Christine Lagarde, and Bank of England governor Andrew Bailey, who will all be speaking today in Washington. US equities moved lower after Netflix's share price collapse affected other streaming companies. The Nasdaq 100 to

The dollar remains on top against a basket of currencies for a third consecutive day, rising to a new 20 year high against the Japanese yen on Wednesday morning. In the coming months, the yen weakness will probably deliver a tremendous inflationary impulse into the Japanese economy, with the risk that the Bank of Japan will underestimate the wave that will hit it. On Wednesday, traders put Japa

The dollar index reached its highest level since March 2020 on Tuesday, with the greenback setting a 20-year high against the yen and testing a two-year high against the euro, supported by high government bond yields and expectations of an upbeat economic report.  Slowing global economic growth As a result of the weak economic outlook, uncertain geopolitical environment, and rising infl

On Easter Monday, the greenback maintains its strength against its rivals despite thin trading conditions due to the long holiday in most trading hubs. The US Dollar Index, which recorded its highest weekly close since March 2020, continued to climb as rising US Treasury bond yields fueled gains in the European morning. Stock exchanges in Europe will be closed on Monday. US bond and stock markets

As many major hubs are on holiday, Friday trading is being followed by low trading volumes and sluggish market movements. As a result of the dovish stance from the European central bank, the euro got dumped. According to Lagarde, an interest rate hike will not occur until after the conclusion of the ‘Asset Purchase Program’ (APP) in the third quarter of this year. In addition to

Euro rose back to 1.09 again on Thursday ahead of the ECB meeting as the US dollar index gave up its three-digit peak in red. Thursday is set to be a positive day for European markets after a better performance on Wall Street, with falling US Treasury yields helping interest-sensitive growth stocks finish higher.  Investors expect a more hawkish ECB Thursday will be dominated by th

As the dollar climbs higher on Wednesday morning, the euro is pinned to a five-week low as prospects for peace in Ukraine appear dim. It is also worth noting that the Kiwi fell after New Zealand's central bank raised interest rates at a steeper pace than it had in the previous two decades in an attempt to curb inflation. RBNZ raised rates aggressively On Wednesday, the Reserve Bank of Ne

On Tuesday, the U.S. dollar held steady as Treasury yields spiked to a three-year high ahead of U.S. inflation data that may signal even more aggressive interest rate hikes from the Federal Reserve. At the beginning of the week, the market mood was sour. The greenback was recovering against its major rivals to reach multi-year highs above the 100 mark. Strong demand for safety pushed gold prices h

With the US dollar index moving above the 100 level for the first time since May 2020, the pound fell below the 1.3000 mark for the first time since November 2020, though the Bank of England is also hiking interest rates. Euro prices have also fallen, though Asia saw a temporary recovery after Emmanuel Macron took the lead in the French election, which was greater than expected. Economic calend

With the prospect of a more aggressive pace of Federal Reserve interest rate hikes, the dollar advanced steadily towards the 100 mark on Friday, reaching its highest level in nearly two years against a basket of peers and a one-month high against the euro. Majors hit new records According to the minutes of the European Central Bank's meeting released Thursday, the policymakers were not a

In line with a global sell-off, European shares are expected to open lower on Thursday, as markets were spooked by more aggressive comments about tighter monetary policy from U.S. policymakers, which kept the dollar near a two-year high, amid expectations for ECB's minutes of March meeting. Fed's minutes Following the Fed speakers and the minutes yesterday, attention has really turn

On Wednesday, Dollar is up while shares struggle to keep prior gains as investors braced for aggressive monetary tightening by the US Federal Reserve. Additionally, New western sanctions over Russia's invasion of Ukraine have come into focus.  The markets may be affected by aggressive tightening Hawkish rhetoric from Fed officials has boosted US bond yields, causing the Dollar Index

The past quarter was full of surprises – from the biggest NASDAQ crash to a 5-year high Inflation. Read the market highlights of Quarter 1 Financial markets highlights in the first quarter of 2022 Gold reached around its all-time highs at 2070 dollars per ounce for the second time after starting the pandemic. NASDAQ index plunged over 38% - the biggest crash since 2008. Oil pric

On Tuesday, gold prices fell as the U.S. dollar held firm and European stock markets are expected to open cautiously, with investors digesting the potential for more sanctions against Moscow, which could result in higher commodity prices and inflation concerns. At the same time, the markets monitor the PMIs of the major economies in the U.K., Eurozone, and U.S.. Additionally, U.S. markets register

Wednesday's minutes of the Federal Reserve's meeting in March will highlight the week, especially in light of expectations for a half percentage point rate hike in its next meeting. Besides concerns over the economic impact of tighter monetary policy, the war in Ukraine will remain top of mind. Bonds are flashing warning signs as the stock market shrugs off concerns about global economic g

On Thursday, investors will focus on Germany's employment change and the EU's Unemployment data, which is expected to measure 6.7% against the previous figure of 6.8%. Meanwhile, the US initial jobless claims and the Fed's favourite inflation gauge, the PCE index, are highly expected later in the session. Around the world, governments and central banks are still being squeezed by ri

The stock market continued to rise on Wednesday as investors await US jobs and economic data amid hopes for a peaceful resolution to the Ukraine conflict. Bond markets caution, however, that aggressive rate hikes could weaken the US economy after 10-year yields dipped below two-year rates overnight.  Concerns about the economic impact of the war in Ukraine have battered the euro in recent

Market volatility continues this week, exacerbated by tensions between Ukraine and Russia, the world's second-largest crude exporter, and COVID-related lockdowns in China, the largest crude importer. US jobs data for March is due on Friday, and it will be closely watched, as it is the last monthly report before the May Federal Reserve meeting. The US PCE index will also be released as part of

The European futures market is pointing to a mixed open Friday, ending the week cautiously as British retail sales unexpectedly fell in February, with online shopping returning to pre-pandemic levels and the stormy weather deterring some shoppers from venturing out. As part of today's events, attention is likely to be focused on the latest German economy IFO survey, the EU leaders' summit

Today is another busy day for financial markets, as various economic, political, and environmental factors influence the markets. After considerable storm damage to the oil terminal in the Caspian Pipeline Consortium (CPC), Investors await a series of PMIs from Germany, the UK and Europe and job data from the US. Meanwhile, US President Joe Biden arrived in Brussels for a series of summit meetings

The European indices are set to rise again as cash returns to the beaten-up equity markets, mainly from the bond markets. With UK inflation hitting a record 30-year high last month, household finances have been squeezed to a historical level. Now finance minister Rishi Sunak is under pressure to ease that squeeze in Wednesday's budget update. According to the Office for National Statistics, co

Futures indicate another indecision session in European stocks at the opening on Tuesday as Several other central bankers will speak at the BIS Innovation Summit, including New York Fed President John Williams and ECB President Christine Lagarde. There is some evidence that policymakers now see higher inflation as a greater risk to the economy than a possible short-term slowdown resulting from ris

European markets are expected to pare losses after opening lower on Monday, taking their cues from a quiet session in Asia, while traders are waiting for Fed Powell speech later in the day. Chinese markets were down, and oil markets increased after Houthi rebels struck various Saudi Aramco oil fields across Saudi Arabia over the weekend. Do the markets indicate policy error? Stocks surged, a

With the euro strengthening in hopes of peace, and commodity-linked currencies benefiting from higher prices, the US dollar is poised for its first weekly loss in six weeks. Nevertheless, a lack of progress in the fourth round of Russia-Ukraine talks caused the markets to become hesitant overnight, setting commodities on edge again and making stocks take a breather after several days of gains. Oil

With Tuesday's European opening approaching, we should expect sentiment to remain fragile due to the optimism about progress on ceasefire talks between Russia and Ukraine and the sharp fall in oil and gas prices, which have brought US oil prices below $100 a barrel. The increasing number of COVID-19 cases in China also contributes to the overall negative sentiment for markets since investors f

The dollar fell as European markets opened on Monday but remained near a five-year high versus the yen as investors prepared for a busy week of central bank meetings. U.S. stock markets are expected to open higher Monday, hoping that a diplomatic solution to the Ukraine war can be reached. The European Union's finance ministers are expected to meet later Monday, in light of the risks to growth

In the absence of positive development in Ukraine's talks, the dollar up and the rest of the G7 currencies continue to suffer on Friday in the fog of war and the gloomy worldwide economic outlook. Markets await a new announcement following Friday's EU leaders' summit. At the same time, traders are digesting sky-rocketing US inflation and robust UK GDP growth. A strong US inflation r

European markets are set to open higher as risk sentiment improves, following indications that Ukraine is ready for diplomacy with Russia. Despite the recent panic on the markets, the euro held most of its overnight gains on Thursday, having experienced its steepest daily rise in nearly six years. Gold extended its losses and posted its most significant daily drop in 14 months. Meanwhile, oil post

The crude oil rally slowed on Wednesday, gold retreated to 2030, the US dollar edged lower, and Asian stock markets struggled to gain traction. Investors are wary about slowing economic growth and demand disruption caused by sky-high commodities prices. Euro stocks hammering losses On the other hand, European shares opened on a positive note as news emerged that the European Union would offe

Gold is once again catching a bid as commodities are experiencing another roaring day. Gold prices lifted up on Tuesday morning towards 2020 dollars per ounce, while the European market looks set to open lower. Germany's opposition to a ban on Russian energy imports knocked oil futures from Monday's 14-year peak. Still, the supply shock will hurt European growth in the mid-term. 

Following another volatile week in the financial markets, investors are awaiting key ECB meeting to see if the course of monetary policies may shift in light of Russia's invasion of Ukraine. They will also closely watch the US inflation data in February. The euro plunged to a record 22-month low against the dollar on Monday, while commodity currencies surged to multi-month highs as the war

Dollar gains on Friday morning, while euro is heading for its worst week against the dollar in nine months as investors await US non-farm payroll. Economic growth expectations in Europe remain dampened by Russia's invasion of Ukraine and the increased commodity prices that have resulted. Bond market continues to go up US Treasuries rose, with the benchmark yield falling below 1.80%. The

On Wednesday, financial markets are facing a busy day. With crude oil prices skyrocketing in all benchmarks, Germany's 10-year yields are back in negative territory this morning. The move echoes other major bond markets movements, which can be indicative of investors' mindset shift. Brent hit 110 dollars per barrel. European inflation, the British budget, rising interest rates in Canada, t

As concerns grow that a significant Russian convoy is headed towards Ukraine's capital Kyiv, European stocks are expected to open lower on Tuesday. While traders took a breather amid the fast-moving Ukraine crisis, the rouble began to stabilize after it hit an all-time low of around 110. Meanwhile, the U.S. dollar resumed its rise against major peers. The number of bitcoin transactio

This week, there will likely be a new round of volatility as investors cautiously monitor escalating tensions between Russia and the West amid a busy economic calendar with OPEC+ meeting, Powell testimony, EU inflation data, and NFP on the agenda. Escalating sanctions against Russia - including blocking some Russian banks from the SWIFT international payments system - over its invasion o

While the economic calendar is packed with German GDP growth and Lagarde's speech in Europe, durable goods orders and PCE in the US on Friday, Markets are confused about the Ukraine situation. European markets are expected to open higher following Wall Street enjoyed a dramatic reversal overnight as US President Joe Biden and his G-7 allies unveiled new sanctions aimed at limiting Russia

Russian troops launched a full-scale invasion in Ukraine, which sent stocks and US bond yields plunging as gold and oil prices rocketed higher on Thursday. As a result of these comments, MSCI's broadest index of Asia-Pacific shares outside Japan plunged more than 3.2%, with Australian shares losing more than 3% and Chinese blue chips losing 1.3%. Stock markets dive All major US indice

After the Reserve Bank of New Zealand (RBNZ) raised rates earlier on Wednesday, investors eagerly await inflation reports from the UK and Eurozone CPI data, while considering Russia's troop movements near Ukraine and Western sanctions as allowing room for avoiding a war, which is expected to slow European markets' decline on Wednesday. Commodity prices remain elevated. However, traders are

European markets are set to open lower amid non-stop headlines about the Ukraine crisis as investors' mindset has shifted to safe-haven assets. Overnight, risk sentiment deteriorated due to escalating tensions between the West and Russia. In Eastern Ukraine, Russian troops were sent to separatist-controlled areas, and new sanctions are likely to be imposed by the US in response to this. Ass

Both the dollar and gold were down on Monday morning, with currency markets monitoring the ongoing diplomatic efforts over Ukraine to prevent a Russian invasion. As investors calculated the energy security implications and economic consequences of a Russian invasion, the safe-haven yen stayed just behind a two-week high. A new intraday high for the euro has marked the first positive daily performa

The dollar index clung to its 50-day moving average for a third consecutive day on Friday, as traders await developments in Eastern Europe. On the economic calendar, the UK retail index is the most important morning market release that may help the pound break through the 1.36 barrier after a month of trading sideways. Today's meeting of European leaders will provide investors with insight int

Safe-haven gold and Treasuries rallied as Ukraine’s tension increased. At the same time, US stock futures fell, though the lack of clarity around the situation limited more significant moves.  The US dollar didn’t lift up against all major currencies in the European session Thursday despite hawkish FOMC minutes and good US data. The Federal Reserve is on track to raise interest

As the Ukraine geopolitical risk eased overnight Wednesday, the dollar index lost ground, but the expectation of an aggressive Fed hike cycle keeps the dollar in place. The focus of investors was likely to shift to economic and monetary policy developments amid speculation that the Federal Reserve may raise rates by a full 50 basis points in March. Events of the day On Wednesday, there ar

As geopolitical tensions over Ukraine weigh on markets, dollar buyers held back on Tuesday morning, gold is heading to three-month highs, and European markets are expected to edge lower. Traders are keeping an eye on Euro GDP growth and US producer inflation. Risk-off mood lowered US Treasury Yields An initial sign of this risk-off mood was a move into US treasuries, which sent yields sharpl

On Monday, the dollar continued to rise on the prospect of interest rate hikes by the US Federal Reserve. The FOMC minutes and consumer spending data from major economies will be major catalysts for this week. In the week ahead, market sentiment is expected to be dominated by concerns over tensions between Russia and Ukraine, as well as questions about how aggressively the Federal Reserve will

With red-hot US inflation data and hawkish comments from a Federal Reserve official, European markets are expected to open lower on Friday as bets on a more aggressive increase in US interest rates fuelled, and US Treasury yields jumped ahead of the Fed monetary policy report later today. On Friday, the greenback also jumped above the 50-day EMA, turning broadly firmer after an unexpectedly sig

On Thursday, all major indices are trending sideways as investors turn their attention to U.S. inflation data due later today. The silence has come following a sharp Wednesday rally as 78% of earnings reports exceeded estimates. The latest headlines suggest tensions between the West and Russia over Ukraine may be easing. Increasing risk sentiment has already boosted commodity currencies, while the

European markets are expected to open higher on Wednesday after Asian markets rose earlier in the day, with tech stocks gaining after a positive session on Wall Street. U.S. Treasury yields held near multi-year highs ahead of closely watched inflation data this week. A $4.4 trillion market for inflation-linked bonds, also known as linkers, has soared as prices spiral higher amid a post-pandemic wo

The dollar made broad gains on Tuesday and held back a recovering euro on a quiet day as traders awaited the US inflation data later this week, hoping that it might trigger bets on faster interest rate hikes. U.S.-Iran talks lower oil prices In the lead up to the resumption of indirect talks between the United States and Iran, oil prices eased Tuesday. The talks may revive a nuclear deal tha

In early trade on Monday, the euro fell just below a three-week peak as the dollar gained momentum from positive US jobs data and rising Treasury yields. Later this week, inflation figures will be expected to cement prospects for a Fed rate hike in March. One-in-three chances are currently being priced in for the Fed to raise rates in March, with a reasonable possibility that rates will reach 1.5%

The dollar was down on Friday morning, heading the worst week in nearly two years, as the Bank of England (BOE) and European Central Bank (ECB) tightened their monetary policies ahead of US non-farm payrolls report. BOE raised rates by 25bps to 0.50%, and ECB kept its policy unchanged. However, Lagarde opened the door for a new tightening cycle this year by the ECB. As stock markets are on the

Traders halted the dollar's slide on Thursday, and stocks are set to open muted as investors are waiting for central bank meetings in Britain and Europe after mixed earnings and looming job data in the US. US dollar fell to the one-week low last night after data showed a drop in US private sector employment in January, as soaring COVID-19 infections disrupted business operations, raising th

On Wednesday, oil prices remain cautiously steady around multi-year highs ahead of the OPEC+ meeting. The dollar index extended its losses for the third day in a row as traders are waiting for EU inflation data and US job reports. The euro gained ground on Wednesday as Eurozone yields soared, with German 10-year yields hitting their highest level since mid-2019 following high inflation data tha

Tuesday trading started with the Australian Reserve Bank keeping the interest rate at a record low of 0.1% and ending its A$275 billion ($194.40 billion) bond purchase program, as expected. However, the bank declined market forecasts for an early rate hike. The euro pairs are mostly trading rangebound as traders await PMIs data from Eurozone, Britain and US. Along with the PMIs for France an

As investors attempt to gauge how aggressively the Federal Reserve will fight inflation, this week's US jobs report will be a key focus for markets. Amid elevated market volatility, both the Bank of England and the European Central Bank will meet. As earnings season continues, Amazon and Alphabet are both scheduled to report earnings. Despite a modest rebound on Monday, global stocks are still

In response to the Federal Reserve chairman's signal to gradually tighten policy, Asian shares plunged to their lowest point in nearly 15 months, short-term U.S. yields climbed to 23-month highs and the dollar strengthened. Following the Fed announcement euro sank to its two-month low against the dollar around 1.12. It is likely that divergent central bank policy will limit any EUR rallies,

Despite Monday’s violent short squeeze, U.S. equities are likely to resume falling again at the opening of Tuesday. German business climate beat expectations in January, and the Federal Reserve begins its two-day policy meeting. Microsoft and General Electric lead a cast of thousands reporting quarterly earnings. The dollar index rose on the back of the Fed’s hawkish stance expectat

Following a brutal week on Wall Street due to mixed earnings and expectations of rising interest rates, the dollar is climbing to its two-week highs on Monday. Meanwhile, risk assets are under pressure in light of increasing geopolitical tensions between Ukraine and Russia. Cryptocurrencies bloodbath follows recent government crackdowns on private digital currencies, including the Russian Centr

A pause in this week's rally in US Treasury yields dragged the dollar down Thursday while rising commodity prices and economic optimism lifted the Canadian and Australian currencies. Recently, the dollar has not performed as well as expected, despite rising expectations for the Federal Reserve to hike interest rates as soon as March to curb rising inflation. With risk trades benefitting

On Tuesday, Japan upgraded its outlook on production in the January report for the first time since November 2020 but marking the possibility that COVID-19's Omicron variant outbreak could stall the economy's recovery. Share markets in Asia and early Europe plunged on Tuesday. The turn in sentiment appears to have come after two-year US Treasury yields, a gauge of rate expectations, ros

On Thursday, the dollar suffered losses and was trading below key support levels as US inflation was not hotter than expected in December, prompting investors to cut long positions. Amidst the rising tide of inflation in the markets, the US CPI report for December was highly expected. The headline reading of 7.0% y/y met market estimates, while the core reading of 5.5% exceeded expectations. Wh

On Tuesday, there was some comfort for investors after the US stock markets rallied late in the day, but Asian equities and the dollar remained directionless as investors pared risky assets on expectations the US Federal Reserve could raise interest rates as early as March. These expectations also boost the 10-year Treasury yield to a two-year high. Despite early short term corrections, it appears

On Monday, the dollar halted some of Friday's losses on speculation that inflation data and several Federal Reserve officials' tone would support a rate hike but still remains below 96. Four rate hikes are likely this year This year, the Federal Reserve will likely raise interest rates four times, and it will likely begin its balance sheet run-off process in July. The U.S. labour mar

Despite the Fed’s hawkish stance in recent months, the dollar hasn’t gained much since hitting a 16-month high of 96.94 in late November 2021. However, traders have digested recent FOMC minutes, approaching weekly highs around 96.50. Trends and momentum dynamics continue to favour the dollar, but prices will have to penetrate the Q4 2021 highs for uptrends to be reasserted in most c

Following a mixed session on Wall Street, stock markets in Asia were in red Wednesday. While Europe's markets are expected to open lower due to the rise in U.S. bond yields. Interest rates in the bond market had the biggest first day of the year trade in two decades. Treasury yields pushed higher at the fastest new year pace since 2001. The closely-watched benchmark 10-year Treasury yield w

On the second trading day of 2022, global markets extended the upbeat moves seen on Monday. The dollar's gains were helped by a rise in US Treasury yields, as investors bet on the Fed raising rates, with the US 2-year and 5-year notes soaring to their highest since March 2020. Dollar boosts on the back of rising yields On the second day of the 2022 trading calendar, dollar bulls came

European markets are going to end the day with a small gain on Friday amid light volume in the wake of holiday trading after an earlier rally in global shares on signs the Omicron Coronavirus may not hamper the global economic recovery. As market players grapple with concerns over Coronavirus restrictions and tighter central bank policies, there are signs that the heavily mutated omicron strain

Following a broad sell-off Monday amid fears about the Omicron variant, futures rose in early morning trade Tuesday as widespread selling in global shares eased. As Chinese markets cheer Beijing's support for troubled property firms, Asian shares recovered from Tuesday's rough Wall Street session. Market appetite for risk assets and currencies improved on Tuesday, causing the Austral

  Following yesterday's CPI data indicated a major acceleration in price growth in November, the Bank of England surprised markets with an increase to 0,25% at its meeting on Thursday earlier. The European Central Bank will also announce its policy decisions and the economic outlook on Thursday. The ECB will also publish its forecasts for inflation and growth in the next two years.

In a cautious trading day ahead of a crucial Federal Reserve meeting, the US dollar index remains steady within its daily range on Wednesday. The Federal Reserve will announce its latest policy announcement later today, and Chairman Powell's press conference will begin half an hour afterwards. A step toward higher interest rates is expected to come with the accelerated end of the Fed's

This week is another busy economic schedule since we have central banks meetings and a handful of top-tier reports. China data highlights China will release a handful of key economic reports on December 15, which might impact risk sentiment. Retail sales probably fell from 4.9% to 4.8% year over year in November. However, industrial production likely increased from 3.5% to 3.8%. Fixed

Over the mid-European session on Tuesday, the AUDUSD pair consolidated its recent decline to its lowest level since October 1. Almost unchanged for the day, the pair was last seen in the 0.7220-region. Following the recent strong run-up to a 16-month peak, the US dollar bulls took a breather, which helped the AUDUSD pair find some support ahead of the 0.7200 mark. However, there is no apparent

Despite Monday's rise, oil prices remain under pressure from mounting COVID-19 cases in Europe and a potential release of oil reserves, pointing to weak demand amid potential oversupply. A weak European economy also dampened crude oil prices, creating expectations that mobility would be curtailed over the next couple of months. These developments have already led the IEA and OPEC to warn th

On Wednesday, gold regained some positive momentum and reversed a part of the overnight sharp intraday pullback from over five-month highs. In the European session, gold held onto modest gains, defending $1,850 ahead of Central bankers' speeches, Eurozone and Canada inflation reports for October and US housing figures. Bullion is often referred to as an inflation hedge. Yet, after rising on

While the US dollar index struggles to hold its 95-point level on Monday, investors are waiting for ECB president Christine Lagarde’s speech before the European Parliament and US-China virtual meeting. The US retail sales report on Tuesday is also closely watched as inflation concerns remain at the forefront. Euro’s decline has boosted the dollar index, which is heavily euro-weighte

On Tuesday, popular cryptocurrencies scaled all-time highs. Treasury yields fall as the US dollar shrugs off a cautious market mood amid resurfacing Chinese property sector woes. The German ZEW survey, PPI data, and central bankers’ speeches take centre stage. Stresses in China’s real estate sector could strain the Chinese financial system, with possible spill overs to the United St

The dollar index remains steady on Monday as investors continue to monitor how monetary policy and the pace of economic recovery are affected by price pressures. Treasury yields rose overnight, and gold gained to two-month highs at 1820 as traders digest solid job data, with the 10-year bonds recovering from 6-week lows at 1.44%. A bullish shift in gold’s outlook Gold price remains on

On Friday, the dollar climbed to three-week highs, bolstered by upbeat data ahead of the NFP release, fully recovering from the Fed's decision to cut its monthly bond-buying program by $15 billion. Earlier in the week, the initial jobless claims fell 14,000 to 269,000 seasonally adjusted for the week ended October 30, the lowest level since the middle of March 2020. The ADP National Empl

The Federal Reserve will conclude with phasing out its monthly bond purchases later Wednesday following its two-day meeting. According to market expectations, the central bank will reduce its bond-buying purchases by 15 billion dollars per month, meaning that the tapering process of 120 billion dollars will be complete in eight months. If, as some Fed officials have argued in recent weeks, the

In early European trading Tuesday, the dollar eased ahead of the latest Federal Reserve meeting. At the same time, the Australian dollar dropped sharply after the Central Bank tightened monetary policy less than many expected. The Reserve Bank of Australia did not raise interest rates, stressing that inflation was still too low to raise rates soon. Yet, the RBA dropped its policy of controll

On Monday, the dollar was up closer to a two-week high as traders bet on a sooner-than-expected rates hike by the Fed. Eurozone markets outperformed in early trade on Monday, and European stocks rose to record highs on the back of upbeat earnings reports. This week, eyes will be on the Federal Reserve's two-day policy meeting, concluding on Wednesday. Most of the attention will be on whethe

On Wednesday, a calm trading session saw the dollar edge lower as investors await central banks meetings and important data releases. In the early Asian session, China's tech shares plunged the most in seven weeks following new regulatory worries. While short-term Treasury yields spiked as investors bet on inflation pushing interest rates higher. Data from Australia showed that consumer

On Monday, the dollar fell, struggling to hold near the support level of 93.50 as traders weighed inflation expectations and rate hikes outside the United States. While German IFO is awaited, EURUSD is heading up from its support at 1.16200 toward the hurdle of 1.16660 due to the weaker dollar. Events of the week The Australian inflation data due on Wednesday will likely set the tone for the

On Friday, the US dollar fell against its rivals near 93.60 and is set for a second consecutive week of declines. After Thursday's gain, the index retraces the area around 93.60 for the end of the week, resuming its downtrend in response to the pullback in US yields from recent tops. At 1.7%, yields on 10-year US Treasury notes reached near their highest levels so far this year, while yield

US stocks are expected to open lower on Thursday as earnings continue to flow in. after the S&P500 closed within a few points of its record high in September, consolidation is likely to follow, leading to the release of weekly jobless claims, the only important economic report for the day. Oil hits three-year record Brent crude prices rose above 86 dollars per barrel, hitting three-year

On Wednesday, rising optimism about the earnings season led to continued stock market indices, and rising risk-taking sentiment put pressure on the dollar. But scaling uncertainty over inflation expectations has contributed to sharp fluctuations in bond yields. Earlier in the session, European inflation came in at market expectations with YoY growth of 3.4% and monthly growth of 0.5%, causing t

Tuesday morning, the dollar was down, remaining near the bottom of its recent range while most Asian markets were closed. In response to disappointing American Industrial Production data, the yields curve flattening has paused, adding to the recovery momentum of the major currencies against US dollar. The bitcoin price hit six-month highs as traders bet on the upcoming listing of a futures-based c

On Monday, markets kick off the new week with a property slump, and the energy crisis hampered China's projected growth. Brent oil prices continue to dominate the oil market, with Brent reaching a new high above the 85 mark. Higher-than-expected New Zealand inflation helped sellers pull the Kiwi off its one-month high. With bond yields on the rise, the dollar index rose again against other maj

European stocks were set for their best week in seven months on Friday in the wake of a good earnings season that helped ease investor concern about higher inflation. Eurozone consumer prices fell in September in France and Italy, the second and third economies in the eurozone, while new car registrations fell about 20% on the continent due to chip shortages and other components in short supply

The crude oil prices rose on Thursday, contributing to a weaker dollar after the International Energy Agency reiterated that global demand is growing faster than OPEC+ can increase production, and demand will outpace supply until at least the end of 2021. An anticipated global energy shortfall could force oil demand to surge by half a million barrels per day and could do more harm than good. Th

The dollar defences close to its yearly high versus major peers on Wednesday as markets became more risk-averse ahead of the release of key inflation data amid expectations that the Federal Reserve will taper its stimulus next month, likely followed by an interest rate increase by 2022. Concerns persist among investors regarding inflation resulting from the energy crunch and COVID-19-induced su

On Monday, the dollar index rose, showing the latest US job reports did not alter market expectations that the Fed would begin asset tapering as soon as November 2021. Still, concerns over tapering by the Fed, US-China relations, surging energy prices, and the upcoming earnings season weighed on sentiment and dented risk appetite. US Dollar hits 3-year high versus Yen As the US dollar reboun

The dollar edged higher against major peers on Friday as traders examined US job reports for clues to the Federal Reserve's next course of action. As the index advances for the fifth consecutive week, it is approaching year highs, helped by general risk aversion among investors and a somewhat hawkish Federal Reserve, leaving the greenback at its highest levels since September 2020. Meanw

On Wednesday, the US Dollar Index (DXY) pushes higher in an attempt to extend the breakout of the 94.00 level. After a bounce from the lows of Monday at 93.67, the price continued to rise as the moderate increase in US yields buoyed the price higher. The dollar might gain some strength due to the cautious sentiment ahead of ADP's Employment Change figures. While concerns about the debt limit a

Major markets were steady near low levels on Tuesday amid easing inflationary concerns, while the dollar regained strength below 94 ahead of the US ISM PMI report. Oil prices reached their highest level in more than six years as OPEC+ decided to maintain output increases slowly despite demand recovering as the delta-variant Covid-19 wave ebbed. Global cases hit their lowest in nearly two mon

On Monday, crude prices edged lower ahead of a meeting of top producers, which may lead to greater production being added to the global market. While overnight weakness in Asia negatively affected sentiment in Europe, with the Hang Seng index in Hong Kong down more than 2% and the Nikkei index in Japan down more than 1%. Concerns about China's property sector led to these losses as shares o

Following the results of Germany's federal election, shares in the country jumped to ten-day highs on Monday as fewer left-wing parties won power while a de-escalation of Sino-US tensions and Chinese authorities' decision to pump more cash into financial markets may have helped boost the stock market. In early deals, the blue-chip DAX rose 1%, leading gains among regional indices, while

Dollar just edged higher on Friday, and most Asian currencies softened as investors worried about the fallout from China Evergrande's debts, while bond yields climbed. In the meantime, a survey at the Ifo Institute shows that German business morale has fallen for the third straight month, led down by supply chain problems. The bond market gained overnight following a rate hike by the Norweg

The dollar retreated slightly from a one-month high on Thursday due to the Fed postponing tapering until later this year, while concerns over heavily indebted Chinese property group Evergrande eased. The euro lost momentum on dismal Europe's PMIs and gold in attempting a tepid bounce. The Bank of England's monetary policy committee will meet on Thursday. Traders expect the central bank

The Fed will release its latest policy statement, and economic projections on Wednesday after the Bank of Japan kept its monetary policy steady. In the news conference that follows the reports, Jerome Powell will discuss the outcome and whether the Fed will begin tapering in November or December. Since the Fed's plan to taper is largely priced in, investors are likely to pay close attention

Markets pared part of yesterday's sharp losses on Tuesday, despite concerns that China Evergrande Group's debt crisis could impact broader financial markets after S&P Global Ratings said that the developer is on the verge of default, while the Federal Reserve will be the main focus Tuesday as its two-day meeting begins. It is expected that the Fed will give a clear signal that it wi

This week, central banks in the US, EU, Japan, UK, Switzerland, Sweden, Norway, Indonesia, the Philippines, Taiwan, Brazil, South Africa, Turkey, and Hungary have their policy meeting. The dollar rallied to a month-high on Monday as The Fed is still expected to lay the groundwork for tapering at its policy meeting, with Yields on 10-year Treasuries touching a two-month top and the curve flattening

On Friday, the UK retail sales fell for a fourth consecutive month in August, the longest slump in at least 25 years, as Coronavirus spread and supply shortages take a toll, adding downside risk to the GDP outlook for the third quarter. Investors consider this another reason for the Bank of England to delay increasing its hawkish stance at its September meeting. The 1.2% fall in retail sales fi

On Thursday, retail sales in the US and jobless claims will be the focus of economic data, and ECB President Christine Lagarde will speak later in the day, while the crisis in European energy prices continued, leading to the first industrial customer shutdowns in the UK. Europe faces a severe shortage of energy resources, as gas and electricity prices continue to rise at an unprecedented pace.

Earlier Wednesday, an economic report revealed that China's economy, the region's primary growth engine, hit a speed bump in August due to the Delta outbreak and supply disruptions. In August, retail sales surged at a slower pace of 2.5% compared with July's 8.5% jump, the slowest pace since August 2020. Meanwhile, industrial production was up at the slowest 5.3% rate since July 202

On Tuesday, investors are expected to be cautious leading up to the release of key US inflation figures later. Market sentiment in September is driven by the timing of when central banks reduce economic stimulus. US inflation data can determine when the Federal Reserve begins its tapering plan. There is also a possibility that inflation could cause problems for Joe Biden's $3.5 trillion soc

Investors start another busy week focusing on the OPEC monthly report, inflation figures from the US and UK, industrial production in China and global central banks’ speeches. OPEC is set to revise 2022 demand lower On Monday, oil prices rose for a second straight session ahead of the OPEC monthly report. Concern over US output following Hurricane Ida and expectations for higher demand

The global stock markets climbed off the lows of yesterday's session. At the same time, the dollar edged lower for the second consecutive day but set for a winning week as investors showed positive reaction to the European Central Bank's decision to slow its emergency bond purchases in the fourth quarter. Dollar index hovers above firm Support DXY corrective downside appears to find

A rising inflation rate and slowing global growth have weighed on the stock markets in Europe on Thursday, as investors remained cautious ahead of the European Central Bank's meeting. According to earlier released data in China, factory gate inflation hit a 13-year high in August, with producer prices rising 9.5% from a year earlier, driven by soaring raw materials prices. Amid this back

On Wednesday, the dollar climbed to a one-week peak at 92.70 against peers boosted by higher Treasury yields and a weaker euro ahead of ECB policy decisions. Among expectations for an upcoming Fed taper announcement later this year, the yield on the benchmark 10-year US government hit 1.385% on Tuesday, its highest level since mid-July. As a result, the USD recovered strongly from one-month low

China's export growth supported crude prices Tuesday, but gains are limited after Saudi Arabia sharply reduced prices over the weekend for Asian buyers. A report earlier Tuesday showed China's exports rose 25.6% in August from a year ago, while July's gain was 19.3%. Despite the headwinds prompted by outbreaks of Covid-19, economic growth beat analysts' expectations, suggesting

As people back to their desks after summer, the uncertainty of trimming down the pandemic-era stimulus is at the forefront of the attention, considering the G10 central banks' meetings planned for September. Added to these uncertainties is the debate over the US national debt. Markets await ECB meeting this week The Fed may postpone tapering until at least November after the disappointin

On Friday, European stocks are expected to rise as investors wait for the release of UK PMIs and the final US employment report. The markets appear to be running short USD positions on today's non-farm payrolls. Asian markets ended the week on mixed data Asia provided traders with mixed news earlier in the session. According to data, Japan's economy likely grew faster than initially

As mixed data provided no clear direction, the markets remain quiet On Thursday ahead of the initial jobless claims data due to release later today, which will be a warmup for tomorrow's NFP data after a red flag on ADP yesterday. Last week, Federal Reserve Chair, Jerome Powell, highlighted the improving US employment as a sign of undertaking the tempering of the Fed's monetary policy,

After two consecutive falling days, crude prices found some support above 68.00 dpb ahead of the OPEC+ meeting due today. However, a 69.00 is still considered as a firm resistance. The Organization of Petroleum Exporting Countries, Russia, and allies, also known as OPEC+, will meet at 15:00 GMT today. OPEC revised up its demand outlook According to the early Wednesday report, OPEC revised

On Monday, the dollar hovered around three-week lows after Federal Reserve chairman Jerome Powell outlined a slower-than-expected path to tapering. Investors are focusing their attention on the US jobs data due on Friday for clues on when the Federal Reserve will begin to taper. The Federal Reserve chairman stated that the Fed is not in a hurry to raise interest rates, and Policymakers should m

On Friday, European markets traded relatively mutedly as investors delayed taking positions ahead of Chair Powell's speech. It looks like US stock markets will open higher later today, recovering some of Thursday's losses, while their direction is mainly dependent on Powell's statement from Jackson Hole. Powell is scheduled to speak on tapering at 10 AM EDT (1400 GMT), and his re

On Thursday, gold fell for the third day in a row on the eve of the annual meeting of the Federal Reserve in Jackson Hall. Rising Delta virus cases and unfavourable economic data from Germany, Europe's largest economy, have traders closely watch the following fundamental factors to get a clue on the next markets' movement. Investors are increasingly curious about Mr Powell's speech

The dollar gained ground on Wednesday, cutting yesterday's losses near its one-week low. Safe-haven assets are losing favour as economy-dimming COVID-19 worries fade. In the current market environment, some investors believe the ongoing COVID-19 spread reduces the chances that the Fed will announce a timeline for both asset tapering and interest rate hikes at its annual symposium later this

As the stock markets in Europe continued to rise for the second straight day on Tuesday, US stock index futures on Wall Street rose amid market risk-on sentiment, fuelled by the strong Chinese tech sector. According to figures released Tuesday, the German economy grew faster than expected in the second quarter. The gross domestic product rose an adjusted 1.6% in the second quarter, compared wit

Gold is trading in a downtrend since the beginning of June, attempting another run toward the upper line of its downward channel, while warnings of another selloff in gold are coming around as prices paused near the 1800 dollar ahead of the Jackson Hole event. Even though uncertainties tied to the Delta spread and the weaker than expected data from the big economies like China, Australia and Ja

Rising delta cases globally and Fed’s tightening led to a change in investor sentiment. A slump in UK retail sales adds to concerns of a slowing global economic recovery as China continues its regulatory clampdown, which resulted in markets turning risk-off. Because of these factors, European stock markets opened broadly lower Friday, and the dollar rallied, creating a bullish double bott

On Thursday, The dollar index surged against other majors to a nine-month high at 93.52 in the early European session as Federal Reserve officials see the potential to taper its bond purchase program this year. The latest Fed’s minute released last night showed the officials might cut back the massive stimulus package this year if the economy continues to improve and meets the maximum emp

As morning European trading opened on Monday, the dollar edged higher but remained near a one-week low as the Federal Reserve could be forced to delay the tapering of its bond-buying program due to an increase in Covid-19 cases and slumping U.S. consumer confidence. China's preliminary data was released earlier, showing industrial production rose 6.4% year-over-year in July, while retail sa

Major stock markets in Europe and the US are trading steady on Thursday, hovering near records high. Bets for a faster tightening of monetary policy tempered expectations for an earlier rate hike and eased concerns the Fed will rush to reduce its stimulus as Inflation data came out roughly in line with forecasts yesterday. The monthly CPI for July ticked up at 0.5%, and the annual rate printing

The dollar strengthened in early European trading Wednesday, adding to recent gains ahead of the U.S. inflation data. The EURUSD keep sinking for the eighth consecutive day. The strength in the U.S. dollar and Treasury yields following the NFP did not show signs diminishing on Wednesday as expectations step up about tapering the Fed’s massive asset purchase program before ending the year.

The oil price was down again on Wednesday morning in the European session, falling for a third straight day on concerns over the rising number of COVID-19 cases in dampening the outlook for fuel demand. China National Petroleum Corp. estimates that 5% of worldwide short-term oil demand may be at risk from the recent outbreak in China, which has afflicted nearly half of China's 32 provinces.

USD/JPY is trading below 50 and 100 EMA in a short-term downtrend. After breaking below the intraday low at 109.361 in a 4-hour timeframe, a growing coronavirus fear-driven demand for safe-haven yen has led the USD/JPY to approach lower levels, extending Monday's decline. On the other side, the dollar index dipped on Tuesday in a relatively tight trading range. Traders remain cautious ahead

GBP/USD made a reasonably contained move yesterday due to the Dollar rally. Still, it failed to break above the psychological resistance level at 1.3900 in its attempt to resume the recovery from the three-month low at 1.37316 and eventually ended up closing the day lower to print a mixed picture of price action. Although the pound tries to bounce, the downside bias persists as long as the Poun