ForexTime

2021-03-26 20:31:41 It was a week defined by congressional testimonies, panel discussions and speeches from central bank officials.

Turkey hijacked the financial markets headlines on Monday following President Erdogan’s decision to sack the country’s central bank chief over the weekend. 

The Lira tumbled 14% against the Dollar during early trading, sending shockwaves across the FX space.



The Lira has weakened against every single G10 currency this week. 

In Our weekly technical outlook, we focused on longer-term trends found on higher timeframes. The bearish weekly... Read More (https://www.forextime.com/market-analysis/week-review-dollar-rallies-europe-lockdowns-oil-rebounds) Open / Comment

2021-03-26 20:31:41 Open / Comment

2021-03-26 20:31:41 Week In Review: Dollar Rallies, Europe Lockdowns, Oil Rebounds
https://www.forextime.com/market-analysis/week-review-dollar-rallies-europe-lockdowns-oil-rebounds Open / Comment

2021-03-26 06:55:42 Asian stocks are in the green, while US and European equity futures are pushing higher. The dollar index is easing slightly, allowing some reprieve for gold and oil prices.

Although Thursday’s 7-year Treasury auction was met with a dull response again, yields are still some 10 basis points below last week’s peak. Moderating Treasury yields for the week has contributed to the relative calm in equity markets, with the VIX index now back in line with its long-term average around 20.

Steps to normality

Market risk sentiment was buoyed by the lower-than-expected US weekly initial jobs... Read More (https://www.forextime.com/market-analysis/markets-set-end-week-positive-note) Open / Comment

2021-03-26 06:55:42 Open / Comment

2021-03-26 06:55:42 Markets set to end week on positive note
https://www.forextime.com/market-analysis/markets-set-end-week-positive-note Open / Comment

2021-03-25 18:23:41 US stocks have opened modestly in the red today, while European bourses have been faring worse this morning reflecting the divergent views for the region’s economies based on their progress in the vaccine rollout. The market is also having to consider vaccine diplomacy that is currently pervading the rising number of infections in Europe. The EU’s threat to curb vaccine exports may not be followed through this time around but it definitely remains a drag on euro sentiment.

Dollar technical level in focus

This environment is helping the dollar for sure, as the greenback makes its way... Read More (https://www.forextime.com/market-analysis/market-woes-compounded-quarter-end) Open / Comment

2021-03-25 18:23:41 Open / Comment

2021-03-25 18:23:41 Market woes compounded by quarter end?
https://www.forextime.com/market-analysis/market-woes-compounded-quarter-end Open / Comment

2021-03-25 11:27:59 Forecasting the direction of a currency exchange rate is never an easy job. Most investment banks had a solid conviction that the dollar would resume its downtrend in 2021. Trillions of dollars in stimulus packages, the Federal Reserve holding interest rates near zero, unlimited purchases of US Treasuries, rising US debt and deficit levels, improvement in pandemic management, and money continuing to flow to risk assets were all thought to be reasons for the dollar to weaken further this year.

Almost three months into the new year, the dollar has gained 1% against the Australian dollar, 3%... Read More (https://www.forextime.com/market-analysis/dollar-set-continue-its-advance) Open / Comment