Last Friday, the Retail Sales in the United States took everyone by surprise. On expectations of 0.7%, the actual number of 1.9% showed a resilient consumer, one that still has resources to spend. However, the impact on the currency market was minimal. In fact, the USD traded with a dovish tone ...
Oil made history in 2020. For the first time ever, it settled into negative territory as investors responded to the coronavirus demand shock. In April, it closed around -$40, sending deflationary waves throughout the word. But what followed was equally impressive. The bounce from -$40 to +$40 ...
The last quarter of the year started with a bang. Last Friday, the President of the United States (POTUS) announced that, together with the First Lady, they tested positive for the COVID-19 virus. The news created chaos on financial markets, but by the end of the trading day, things have calmed ...
The U.S. dollar, the world’s reserve currency, is having a remarkable comeback. It gained ground against all other major currencies (e.g. EUR, GBP, CHF, AUD, CAD) and it looks poised to strengthen even more. With only a few weeks ahead of the U.S. elections, the market participants will likely ...
The oil industry suffered one of its greatest shocks recently. Ever since the coronavirus pandemic reached the Western world, developed world economies started to shut down. Even now, more than six months into the pandemic, developed economies perform way below their pre-pandemic levels. As ...
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 ...
