safe haven

Fitch downgrades US: What you need to know

Wed, 02 Aug 2023 09:28:10 +0000

Fitch downgrades US: What you need to know han.tan@FXTM CY CA Wed, 08/02/2023 - 12:28

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Markets are reacting with a tinge of irony to Fitch Rating's "arbitrary" decision.

Trade Of The Week: Dollar Rebound Or Dead Cat Bounce?

Mon, 15 May 2023 10:33:03 +0000

The dollar caught our attention this morning after touching its highest level in five weeks against other major currencies.

It looks like dollar bulls may be back in the driver’s seat, especially after the solid rebound witnessed last week. But the key question is whether the US Dollar Index can maintain this bullish momentum or if this is just another Read More

Dollar downside halted as China Covid concerns deepen

Tue, 22 Nov 2022 12:24:27 +0000

Dollar downside halted as China Covid concerns deepen han.tan@FXTM CY CA Tue, 11/22/2022 - 14:24

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The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less hawkish than recent chatter.

It seems the dollar has been reasserting its safe haven status among its peers recently, over and above its rate-sensitive characteristics which had been driving the world’s premier reserve currency.

Week Ahead: USDCHF to fall on US recession fears?

Fri, 01 Jul 2022 07:18:24 +0000

Market chaos reigned throughout the first half of 2022. Bond yields, oil prices and the US dollar soared to levels not seen in over a decade, while the S&P 500 experienced its worst first half of the year since 1970.

But that doesn’t mean market volatility is now done and over with.

Markets are set to remain jumpy as we enter Read More

Trade of the Week: Gold set to breach $2000 again. What’s next?

Mon, 18 Apr 2022 14:49:34 +0000

Trade of the Week: Gold set to breach $2000 again. What’s next? Vladimir.Bukre… Mon, 04/18/2022 - 17:49

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As mentioned in our Week Ahead outlook (posted on Fridays), gold was expected to rise on a souring outlook for the global economy.

The precious metal duly started off the week by rising to within a whisker of the psychologically-important $2000 mark.

Week Ahead: Gold may climb higher on darkening global outlook

Fri, 15 Apr 2022 10:09:40 +0000

More Fed speak …

more US earnings …

and the freshest updates to the global economic outlook (via the latest IMF projection and GDP figure for China, the world’s second largest economy) …

Investors and traders can feast on these major data releases and events scheduled for the week ahead:

Monday, April 18

CNH: China Q1 GDP, March industrial production and retail sales
Read More

3 reasons why the US dollar is climbing

Thu, 24 Mar 2022 12:22:48 +0000

The US dollar a.k.a. the greenback a.k.a. the ‘buck’ has firmed its grip as ‘king of the FX world’ so far this year.

The benchmark dollar index (DXY), which measures how the USD has performed against a basket of major peers such as the euro, pound, and yen, has climbed by more than 3.3% so far in 2022 and is trading around its highest levels since May 2020.

Week Ahead: Will gold get another chance to shine above $2000?

Fri, 18 Mar 2022 07:43:53 +0000

Week Ahead: Will gold get another chance to shine above $2000? Vladimir.Bukre… Fri, 03/18/2022 - 09:43

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Investors and traders worldwide will be combing through these scheduled major events and data releases, while keeping a wary eye on the latest headlines on the Russia-Ukraine war:

Monday, March 21

Key Events This Week: Fed, BoE set to hike interest rates as war continues

Mon, 14 Mar 2022 04:39:30 +0000

Another whipsaw week of price action should be expected with the ongoing conflict in Europe clashing with major central bank meetings from the US Federal Reserve and the Bank of England.

Here are the key scheduled economic data releases and events slated for this week:

Tuesday, March 15

CNH: China Feb industrial production, property investment, retail sales, surveyed jobless rate
Read More

Trade of the Week: Good ol’ gold provides refuge amid Ukraine crisis

Tue, 01 Mar 2022 08:25:11 +0000

Gold prices closed out February with a gain of 6.2% for the month of February. That is much higher compared to the performances of various safe haven assets last month:

DXY (benchmark US dollar index): 0.17%
Read More