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The news and analysis archive

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The news and analysis archive
Oil slips on the renewed concern of rebalancing, higher USD and muted CARES Act 3.0

Oil slips on the renewed concern of rebalancing, higher...

Oil (WTI-Jan) made a low 52.24 in the U.S. session Thursday, slips almost -2.65% from 11-months high around 53.93 (scaled Wednesday). Oil slips on the renewed concern of rebalancin...

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15
Jan

EU Trade Balance, US Retail Sales, Industrial Productio...

The US dollar recovered from the weakness of the previous day and was trading stronger against most other currencies. Still, while the euro was mostly in decline this week, emergin...

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Dow almost flat on the suspense of a big CARES Act 3.0 and an early QE tapering

Dow almost flat on the suspense of a big CARES Act 3.0 ...

The U.S. Stock market (Dow Jones Industrial Average: DJ-30) closed around 31060.47 Wednesday, ticked down -0.03% on the suspense of a big CARES Act 3.0 and an early QE tapering. Th...

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14
Jan

US Jobless Claims, ECB Statement, Fed Speeches

Despite the strength of the US dollar among major currencies, emerging market currency pairs traded quite mixed against the greenback. While the Russian rouble (RUB) reversed some ...

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13
Jan

US Inflation, EU Industrial Production, EIA Weekly Data

While the US dollar had to give up some of its previous gains, among the major currencies the move of the pound sterling (GBP) was one of the more noticeable market moves. The GBP/...

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Fed may start pandemic QE tapering by Q1-2022 and rate hikes from Mar’23

Fed may start pandemic QE tapering by Q1-2022 and rate ...

USDJPY jumped almost +0.97% in Jan (till 11th) on hopes of Bidenflation. The U.S. 10Y bond yield is now trading around +1.173%, at pre-COVID levels and almost 3.75 times from the M...

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Dow slips on 11th hour Trump chaos and doubts about big fiscal stimulus despite Biden trifecta

Dow slips on 11th hour Trump chaos and doubts about big...

The U.S. Stock market (Dow Jones Industrial Average: DJ-30) closed around 31008.69 Monday, slips almost -0.29% (-89 points) on 11th hour Trump chaos and doubts about big fiscal sti...

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12
Jan

Cryptos Rebound, Italian Retail Sales, FOMC Speeches

The dollar continued to strengthen against most other major currencies, but by Tuesday morning the advance had to stop for the time being. The EUR/USD pair traded by Tuesday mornin...

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11
Jan

ECB’s Lagarde Speech, Tesla at Record High

While the US dollar continued to recover lost ground, emerging market currencies including the South African rand (ZAR) and the Turkish lira (TRY) faced some pressure, while the EU...

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Big CARES Act 3.0 is not 100% guaranteed as few Centrist Democrats may oppose it

Big CARES Act 3.0 is not 100% guaranteed as few Centris...

As a harsh reality, under only one Democratic simple/slim majority in the Senate (VP Harris-tie breaking vote), even one Democrat or any of the two DNC supporting independents may ...

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Gold plunged on doubts about $2000 stimulus checks despite Biden trifecta

Gold plunged on doubts about $2000 stimulus checks desp...

Gold (XAU/USD-spot) closed around 1848.26 in the U.S. Session Friday, plunged almost -3.36% on doubts about $2000 stimulus checks (CASH Act) despite Biden trifecta and soft NFP job...

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Will Trump form his political party to fight the next Presidential election?

Will Trump form his political party to fight the next P...

On late Thursday, Trump indirectly concedes to Biden in his 1st tweet/video message after a 12-hours Twitter ban as a fall out of Capitol Hill lockdown. Trump said: I would like to...

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Dow almost flat on hopes & hypes of big CARES Act 3.0 under Biden trifecta

Dow almost flat on hopes & hypes of big CARES Act 3.0 u...

The U.S. Stock market (Dow Jones Industrial Average: DJ-30) closed around 31097.997 Friday, edged up +0.18% (+57 points) on hopes & hypes of big CARES Act 3.0 under Biden admin. Do...

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8
Jan

US NFP, EU/US/CA Unemployment Rate, Bitcoin above $40k

As the dollar strongly rebounded from its recent weakness not only major currencies were under pressure against the greenback, but emerging market FX pairs also were affected by si...

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USDJPY jumped on hopes of Bidenflation (reflation)

USDJPY jumped on hopes of Bidenflation (reflation)

USDJPY made a session high of around 103.96 in the early U.S. session Thursday, jumped almost +0.90% on hopes of Bidenflation (reflation); i.e. higher growth and higher inflation a...

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7
Jan

EU CPI, US Trade Balance and Jobless Claims

While the dollar was in a weak position even against many emerging market currencies like the Turkish lira (TRY) or the Mexican peso (MXN), the USD/ZAR rate continued pushing highe...

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Dow Future soared on Biden trifecta but slips on Capitol Hill lockdown

Dow Future soared on Biden trifecta but slips on Capito...

On mid-Wednesday, Dow Future soared over +600 points on signs of Biden trifecta (White House, Senate and House majority). As per the preliminary trend, Democrats are leading and ma...

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OPEC+ production cut pandemic stimulus may be perpetual going forward

OPEC+ production cut pandemic stimulus may be perpetual...

On Sunday (3rd Jan), the OPEC General Secretary Barkindo said in his opening remarks of the JTC meeting: Tomorrow, we begin a new chapter in the Declaration of Cooperation (DoC) wi...

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Oil jumped on reports of no OPEC+ effective production hike in Feb

Oil jumped on reports of no OPEC+ effective production ...

Oil (WTI-Jan) made a session high of 50.02 in the early U.S. session Tuesday, jumped almost +5% on reports that OPEC+ may agree on a small oil output hike in February. The OPEC+ ma...

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5
Jan

DE Unemployment, US ISM Index, API Oil Report

The US dollar managed to recover from a new intraday low on Monday, but then was still under pressure by Tuesday morning. Mixed sentiment could be observed in emerging markets. Whi...

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