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The news and analysis archive

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The news and analysis archive
Gold glitters on Bitcoin carnage amid Musk’s crypto tantrum

Gold glitters on Bitcoin carnage amid Musk’s crypto tan...

Gold (XAU/USD-spot) made a high around 1875.85 in early U.S. session Tuesday, scaled almost 4-months high (1876.00). In the last 4-trading session, Gold surged almost +2.85% (13-17...

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18
May

EU GDP and Employment, US Housing Data, Walmart and Hom...

In emerging markets especially the USD/CLP pair made a noteworthy move to the upside after the results of a vote for a constitutional referendum preparation made left-leaning candi...

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Oil surged on rapid progress of COVID vaccinations on both sides of Atlantic (US-Europe) despite subdued Asian/Indian demand

Oil surged on rapid progress of COVID vaccinations on b...

Oil (WTI-June) closed around 66.33 Monday, surged almost +1.46% on rapid progress of COVID vaccinations on both sides of Atlantic (US-Europe) despite subdued Asian demand amid terr...

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17
May

US Housing Market Index, Italian CPI

With the dollar again trading overall weaker, some EM currency pairs also managed to recover against the greenback, such as the USD/TRY pair moving down from the 8.5-level reached ...

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Dow soared on Fed ‘put’ and fading concern of permanently hotter inflation

Dow soared on Fed ‘put’ and fading concern of permanent...

Dow soared Friday by over +400 points on Fed ‘put’ and fading concern of permanently hotter inflation. On early Thursday, Dow Future tumbled on higher bond yield amid hotter than e...

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14
May

US Core Retail Sales m/m, Industrial Production m/m UoM...

The dollar traded between gains and losses against most major currencies on Thursday, with the US dollar index ending the day 0.07% lower after a report showing the number of Ameri...

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Gold, equities recovered amid easing of US bond yield on flat sequential core PPI for April

Gold, equities recovered amid easing of US bond yield o...

Gold (XAU/USD-spot) made a Thursday early-US session 6-day low around 1808.45 on higher us bond yields/USD after hotter than expected U.S. core CPI data released Wednesday. On earl...

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13
May

US PPI, Tesla’s Bitcoin Decision Plunges Cryptos

Significant volatility was observed in the markets especially after the US consumer price index (CPI) was released on Wednesday before US market opened. The dollar strengthened whi...

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Wall Street plunged on higher bond yields amid hotter than expected core inflation

Wall Street plunged on higher bond yields amid hotter t...

Wall Street plunged Wednesday on higher bond yields amid hotter than expected inflation. The US 10Y TSY yields jumped to a four-week high of 1.6916% after both core CPI headline CP...

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U.S. stocks stumbled from NFP high as bond yields rebound on higher inflation expectations; techs plunged

U.S. stocks stumbled from NFP high as bond yields rebou...

Wall Street stumbled from Friday’s ‘terrible’ NFP high as bond yields rebound on higher inflation expectations and less dovish Fed talks. Higher inflation will result in higher bon...

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12
May

CPI Data, Weekly EIA Statistics, Sonos and Coupang Earn...

FX markets traded at the end of the trading day on Tuesday mostly relatively unchanged. The GBP/USD pair managed to hit a new two-months high but did not make significant progress ...

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11
May

Alstom and Palantir Earnings, US JOLTs, Italian Industr...

The US dollar stabilized at the start of the new week, recovering a small of the losses from last week. Still, the US dollar is trading in many currency pairs at the lowest rate si...

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USDJPY stumbled on a terrible U.S. NFP job report; what’s next?

USDJPY stumbled on a terrible U.S. NFP job report; what...

On Friday, USDJPY stumbled almost -0.86% from pre-NFP session high 109.29 to 108.35 soon after a terrible job report. As per the BLS/NFP report, the US economy added only 266K jobs...

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7
May

US NFP and Unemployment Rate, German and French Trade B...

Overall the US dollar traded lighter against other major currencies as shown by the performance of the USDX currency basket index. EM-dollar pairs including the USD/TRY and USD/RUB...

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Gold surged on the perception of permanently high inflation as the commodity price index soared to a lifetime high

Gold surged on the perception of permanently high infla...

Gold (XAU/USD-spot) made a Thursday mid-US session high around 1818.09, surged almost +1.85% on the perception of permanently high inflation as commodity index soared to life time ...

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6
May

US Jobless Claims, Moderna and Expedia Earnings

The dollar traded relatively stable against other major currencies, while the EUR/USD pair stabilized around the 1.20-level briefly pushing below that potential support. EM pairs t...

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Wall Street wobbled on Yellen’ flip-flops about ‘interest rate hike’ comment

Wall Street wobbled on Yellen’ flip-flops about ‘intere...

Wall Street wobbled on Yellen’s flip-flops about the ‘interest rate hike’ comment. Dow Future slips almost -400 points after the U.S. Treasury Secretary Yellen seems to suggest in ...

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5
May

ADP Employment Numbers, GM, Uber and Booking Earnings

The US dollar appreciated against other major currencies on Tuesday and extended the gains by Wednesday morning. Most EM pairs also moved in favour of the greenback, such as the US...

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EURUSD slips on double-dip EU recession, slow progress of COVID vaccinations and Yellen’ comments about an interest rate hike

EURUSD slips on double-dip EU recession, slow progress ...

EURUSD closed around 1.2020 Friday, slips almost -0.86% on double-dip recession and slow progress of COVID vaccinations (relative to the U.S.). But EURUSD also recovered from the s...

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4
May

US Trade Balance, Pfizer and Lyft Earnings

The US dollar recovered most of the losses from Monday by Tuesday morning, while sentiment in the emerging markets was quite mixed. The USD/MXN pair reached a new three week high o...

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