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USOIL: Another key event to be determined tomorrow

The latest Federal Reserve FOMC resolution has brought greater volatility to various markets. According to the dot plot, most committee members (13) expect the central bank to raise interest rates twice in 2023. In addition, the statement also stated that the Fed will raise the […]

Market Update – June 17 – BIG Surprise from the FOMC Dots

Market News Today – FED no rate change and $120bn bond buying to continue. BUT BIG hawkish surprise with plans for 2 x 0.25% rate rises in 2023 (13/18 votes), it had been 2024 and even 7/18 see rate rises in 2022. Statement increased 2021 […]

Even though NZ GDP leaps higher, bears still dominate the Kiwi

NZDUSD, Daily New Zealand’s GDP increased 1.6% in the first quarter of 2021 following a revised 1.0% contraction in the previous period and compared to market expectations of a 0.5% increase. The services industry, which represents about 2/3 of New Zealand’s economy, grew 1.1% after […]

Midweek Market Podcast – June 17 – Post FED

A hawkish FOMC dot-plot announcement caught the markets unprepared last night. The USD and Yields rallied as Stocks & Commodities sank on expectations of earlier than expected rate rises. HotForex · Midweek Market Podcast – June 17 The Market Week – June – Week 3 […]

Risk On and Yields differentials drift CHFJPY

Week’s releases so far turn the market into a pretty much risk-on environment, with FOMC the major catalyst and SNB and Eurozone inflation unable to hinder the current momentum. USDJPY hit an 11-week peak at 110.82, driven by the spike in US yields relative to […]

US Open – USD Holds on to gains

US initial jobless claims jumped 37,000 to 412,000 in the week ended June 12 after dropping -13,000 to 375,000 in the June 5 week. It is the first weekly increase since April and is contrary to expectations for another decline. US Philly Fed manufacturing index […]

USDZAR rebound requires Validation

The South African Rand has shown resilience since early 2021 by gathering strength at 8.5% against the US Dollar and registering an annual low of 13.3823. And from this low, the USDZAR pair has rebounded in the second week of June, and coupled with the […]

Market Update – June 18 – The FED still dominates

Trading Leveraged Products is risky Market News Today – USD holds on to gains (USDIndex test 92.00) US Equities mixed – (USA100 +0.87% & new ATH, USA30 -0.62%). BoJ left policy unchanged and stuck to its ultra-accommodative policy setting & extended COVID funding. JPY Inflation […]

Events to Look Out for Next Week

Fed’s Chair Powell testimony (USD, GMT 18:00) BoJ Monetary Policy Meeting Minutes (JPY, GMT 23:50) – The BoJ minutes should provide further guidance for 2021, after they extended today its pandemic funding relief program by six months, and maintained its ultra-accommodative policy setting, leaving the […]

Weekly wrap up with Stuart!

Treasury Action: bear flatteners are the play now it seems, in the wake of Bullard’s comments on the heels of this week’s hawkish shift in the FOMC, while US Dollar rallied and the bonds and stocks markets are reacting bearishly as well. Bullard outlined his […]