It seems like the financial world lives from one event to another, and the market barely reacts in between. Let us not forget that this is a U.S. election year, and most traders and investors are cautious ahead of the event. For this reason, financial markets, and especially the currency ...
The main event of the week ahead is the ECB interest rate decision on Thursday. The ECB is in a tough spot as core inflation dropped to 0.4%, and the stronger Euro makes it difficult for the central bank to fulfill its mandate. One of the major themes on the currency market this summer was […]
The Federal Reserve of the United States (Fed) delivered the much-awaited monetary policy review report at the Jackson Hole Symposium. Last Thursday, Jerome Powell announced that the Fed is changing its price stability part of the mandate. The switch from targeting 2% inflation to targeting an ...
The U.S. stock market continues its incredible performance as the big tech companies defy the pandemic. With the Q2 earnings season almost finished, most of the companies have beaten expectations, fueling the rally further. Tesla, one of the strongest performers, surged beyond $2,000 for the ...
The USD keeps falling across the dashboard as the stock market’s bid tone continues. With both the Dow Jones and the S&P500 close to making new all-time highs, the USD’s offered tone is likely to continue this week. Summer trading conditions are often responsible for such tight ...
Last week it was all about the USD. As always, the first trading week of any month focuses on the Non-Farm Payrolls (NFP) released on Friday. This week was no different. Up to the NFP numbers, a series of other relevant data for the U.S. economy offered a glimpse into the NFP report. As always, ...
Two important events shaped the previous trading week – the FOMC Meeting last Wednesday and the US GDP. The Gross Domestic Product (GDP) contracted by 9.5% QoQ, but the decline was not so bad when compared with other developed economies. For example, the Eurozone GDP fell by over 12%, with ...
Gold is on every investor’s mind these days – it closed the week above $1900, a tremendous milestone for the only form of money that survived for thousands of years. Investors owning gold as a long-term investment or only as a mean to diversify their portfolio feel vindicated. Gold ...
Last week the Euro started on a strong note. From early trading last Monday, it gained across the FX dashboard and did not look back. The EURUSD, EURGBP, EURJPY, EURAUD – they all moved higher. After all, last week was the European Central Bank (ECB) meeting, and the Euro outperformed since the ...
The coronavirus pandemic enters its fourth month, and the Western world is divided regarding how the economic recovery will take place. Many voices call for a V-shape recovery, while others are tempered by the mixed economic data coming out each week. However, there is one optimistic view ...
