Weekly Market Update 9 Apr - Fall in Treasury yields and increase in unemployment claims does not dampen US rate of economic recovery 1. USD, in tandem with US Treasury yields, retreated further this week. The initial jobless claims turned out worse than expected and the...
Weekly Market Update 2 Apr 2021 - Stronger Employment and PMI data leads to a stronger USD 1. The March Non-Farm Payrolls surged to almost double forecasted levels, coupled with the upbeat PMI manufacturing data, the dollar gathered strength against its major rivals. President Biden announced a...
Weekly Market Update 26 Mar 2021 - USD soared above other major currencies with positive signs of ongoing economic recovery 1. USD rose against all of the majors, driving the Dollar Index to its strongest level in recent months. While the less than ideal US economic data showed mixed...
Weekly Market Update 19 Mar 2021 - USD trades higher on expectations of a strong second quarter recovery, erasing most of post-FOMC losses 1. The FOMC left target Fed Fund rates unchanged as widely expected, the announcement also echoed plans to maintain the current pace of asset...
Weekly Market Update 12 Mar 2021 - Bullish market sentiments as US Treasury Yields continue rising, encouraged by Stimulus Package 1. US Treasury yields continue to rise, reflecting market’s optimism. This is buoyed further as the Biden Administration indicated that the stimulus checks will start going...
Weekly Market Update 5 Mar 2021 - USD Hits New Highs On Strong Payrolls Report; Senate Passes $1.9tn Stimulus Package 1. The USD hit new highs on Friday after a strong jobs report, extending its gains against all major currencies. The non-farm payrolls figures came in...
Weekly Market Update 26 Feb 2021 - Bond Market Selloff Triggers Spike in Yields 1. Federal Reserve Chairman Jerome Powell emphasized on Tuesday that there will be no interest rate hikes nor tapering anytime soon. Despite that, a sudden vacuum in risk appetite in the fixed...
Weekly Market Update 19 Feb 2021 - GBP and AUD end the week near 3-year highs 1. The GBPUSD rose above 1.40 for the first time since April 2018, as traders were bullish on the significant improvements in manufacturing and service sector activities, despite the weak...
Weekly Market Update 12 Feb 2021 - USD turning around? EUR resilience and commodity currencies outperformance 1. With US stocks consolidating and growth moderating, investors are expecting the bubble to deflate. As a large part of USD’s fall in 2020 was related to the strength of...
Weekly Market Update 5 Feb 2021 - USD Rally on Macroeconomic Data, Silver Short Squeeze 1. The USD picked up bullish momentum as macroeconomic data has been improving. Jobless claims data and ISM manufacturing and services data both beat expectations, although some previous gains were returned...