Dollar

Markets ponder Trump tariff confusion

Tue, 07 Jan 2025 11:43:25 +0000

Markets ponder Trump tariff confusion Lukman.Otunuga… Tue, 01/07/2025 - 13:43

/s3-static/markets/field/image/People/donald_trump3.jpg

We are just a few days into 2025, and markets are buzzing with activity. The recent burst of market volatility can be attributed to market confusion around Trump's tariff plans.

Trade Of The Week: EURUSD bulls back in town?

Mon, 27 Nov 2023 12:27:11 +0000

EURUSD climbs roughly 500 pips from October low

Data from both sides of the Atlantic could rock currency pair

Euro bulls in position of power but RSI signals overbought

Prices are testing resistance level at 1.0950

Another big move around the corner for EURUSD?

Dollar braces for data-heavy week

Tue, 29 Aug 2023 09:20:42 +0000

Dollar braces for data-heavy week Lukman.Otunuga… Tue, 08/29/2023 - 12:20

/s3-static/markets/field/image/Currencies/US%20Dollar/dollar_notes.jpg

Chinese stocks paved the way higher for Asian shares on Tuesday as optimism from China’s measures to cut stamp duty boosted risk appetite.

China stimulus hopes lift sentiment but caution lingers

Tue, 25 Jul 2023 09:43:36 +0000

China stimulus hopes lift sentiment but caution lingers Lukman.Otunuga… Tue, 07/25/2023 - 12:43

/s3-static/markets/field/image/Generic/indices_upload.jpg

The mood across Asian markets brightened on Tuesday as China’s pledge to shore up its weak economy lifted sentiment and boosted Chinese shares.

Markets Slip Ahead Of Powell’s Testimony

Tue, 20 Jun 2023 07:12:14 +0000

Asian markets flashed red on Tuesday, following the disappointing stimulus from Chinese banks.

A sense of discontent lingered across Asia this morning amid the lack of fresh stimulus from Beijing and smaller than expected cut in China’s key lending benchmarks. European futures are pointing to a negative open with investors adopting a guarded approach ahead of key risk events. In the currency space, the dollar is creeping higher amid the risk-off sentiment while gold remains trapped within a range. Read More

Trade Of The Week: Will BoE Decision Push GBPUSD Higher?

Mon, 19 Jun 2023 10:12:09 +0000

This will be a big week for Sterling as focus falls on the latest UK CPI figures and rate decision from the Bank of England.

Sterling is the best-performing G10 currency year-to-date, gaining roughly 6% against the dollar thanks to fundamental and technical factors.

Week Ahead: Powell’s Testimony May Move These 3 Markets

Fri, 16 Jun 2023 10:23:00 +0000

Week Ahead: Powell’s Testimony May Move These 3 Markets Lukman.Otunuga… Fri, 06/16/2023 - 13:23

/s3-static/markets/field/image/People/powell_smaller.jpg

Global financial markets could see increased volatility over the coming week due to Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress.

Markets Rise Ahead Of US CPI, Fed In Focus

Tue, 13 Jun 2023 07:48:08 +0000

Asian markets traded higher on Tuesday, following the positive cues from Wall Street overnight after the S&P 500 rallied to its highest level in more than a year. Market sentiment has been lifted by hopes around the Federal Reserve pausing its tightening cycle with the People’s Bank of China’s decision to lower short-term lending rates stimulating risk appetite. The next few days promise to be incredibly eventful for global financial markets thanks to a long list of high-risk events ranging from key central bank decisions to top-tier data from major economies. Read More

Trade Of The Week: XAUUSD Gearing Up For Breakout?

Mon, 12 Jun 2023 09:52:27 +0000

Don’t be fooled by gold’s current state of calm.

This could be an explosively volatile week for the precious metal due to key economic reports and high-risk events.

Over the past few weeks, gold has found itself trapped within a range with support at Read More

Trade Of The Week: Time For USDCAD To Breakout?

Mon, 05 Jun 2023 09:33:53 +0000

The Canadian Dollar is the second-best performer against the US dollar so far in June, gaining 1% thanks to higher oil prices and increased expectations around a BoC rate hike.

This could be another volatile week for the USDCAD as investors digest last Friday’s sizzling US jobs report and Saudi Arabia’s latest pledge to make an extra 1 Read More