Russia-Ukraine war

Safe-haven assets rally on nuclear concerns

Tue, 19 Nov 2024 10:37:59 +0000

Gold ↑ 0.9% on risk-off sentiment

JPY best performing G10 currency vs USD today

Swiss franc second best performer

USDInd steady around 106.40

Risk assets take hit, US futures point to ↓ open

Three ‘F’ words to sum up 2022

Thu, 29 Dec 2022 09:16:33 +0000

Three ‘F’ words to sum up 2022 han.tan@FXTM CY CA Thu, 12/29/2022 - 11:16

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This year has been fraught with market volatility, to say the least.

As we bid goodbye to 2022, let’s recap 3 major themes, each beginning with the letter F, that rocked major assets over the past 12 months:

Fed

The primary driver of global markets in 2022 has been the most aggressive Federal Reserve - the US central bank - that we’ve seen since the 1980s.

Thanksgiving: 3 assets that can be grateful for 2022

Thu, 24 Nov 2022 12:18:36 +0000

This year has been a tumultuous one for global financial markets, to say the least.

War, soaring inflation, rate hikes, Read More

Why isn't EURUSD below parity ... yet?

Thu, 14 Jul 2022 06:41:37 +0000

First, allow me to confess: I wasn’t expecting to write this article about EURUSD parity so soon.

When I published my Q3 outlook a couple of weeks ago, there was a 72.5% chance that EURUSD would hit 1.000 sometime this quarter.

Even with such elevated odds back then, I still thought this post-parity article wouldn’t be due for another few weeks.

Read More

Stocks steady while crude prices jump

Tue, 28 Jun 2022 09:24:50 +0000

Stocks steady while crude prices jump han.tan@FXTM CY CA Tue, 06/28/2022 - 12:24

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US stock futures have perked up this morning on news that China will cut its quarantine time on foreign travellers. This comes as Wall Street pared gains after initially rising from stronger-than-expected US durable goods data.

Meanwhile, there’s more action in the oil markets as crude extends its recent gains on supply disruptions.

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.

3 words that sank the euro today

Thu, 14 Apr 2022 13:42:29 +0000

3 words that sank the euro today Vladimir.Bukre… Thu, 04/14/2022 - 16:42

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Over an hour ago, the European Central Bank (ECB) wrapped up its latest policy meeting.

The ECB’s Governing Council, in describing its plans for removing support measures for the economy this year, stuck with using these 3 key words:

“optionality, gradualism, flexibility”.

And if re-arranged, those words offer the acronym: F.O.G. (look out for this again later in the article).

Two important events for oil markets today

Thu, 31 Mar 2022 10:31:33 +0000

Oil markets will be closely monitoring these events on this final day of March:

OPEC+ meeting

This alliance of 23 oil-producing nations are set to decide how much more oil to pump out to the world for May 2022.

OPEC+ had been gradually raising output by an additional 400,000 barrels per day each month. They’re widely expected to decide the same today for May’s output levels.

And today's meeting could be another quickie. Their previous meeting held online earlier this month lasted just 13 Read More

“Buy on the cannons, sell on the trumpets”?

Wed, 30 Mar 2022 12:25:57 +0000

This well-worn phrase is meant to go back to the early 1800s and is attributed to London financier Lord Rothschild which suggests that the start of a war is a good time to invest in the stock market. Conversely, the end of a war is a good time to sell. We saw a lot of optimism in risk sentiment yesterday about the potential progress in peace talks, but markets are more circumspect this morning, especially Western governments around any possible Russian de-escalation.

Interestingly, if we look at US equities, then the bottom in the Read More

Week Ahead: EU inflation and US jobs report to sway EURUSD

Fri, 25 Mar 2022 07:53:50 +0000

Of course, global financial markets will continue monitoring the latest developments surrounding the Russia-Ukraine war, and whether Putin or the Western allies will escalate this crisis and darken the global economic outlook.

Amidst all that raging uncertainty, at least we’ll know this much – here are some of the major scheduled economic events and data releases due in the coming week:

Sunday, March 27

CNH: China February industrial profits Read More