What Fed Chair Powell did not say that shook up the markets. Wall Street turned sharply lower following Fed Chair Powell’s remarks, even though it was not what he said but what he did not mention that undermined equity sentiment. Specifically, he did not push […]

USDJPY, H1 US initial jobless claims rose 9,000 to 745,000 in the week ended February 27 following the -98,000 plunge to 736,000 in the February 20 week. That brought the 4-week moving average down to 790,800k from 807,500. Claims not seasonally adjusted rose 31,500 to […]

Since January this year, the USDJPY has recorded an increase of about 4% from a low of 102.58 to a 27-week high. As of yesterday’s close, the currency exchange recorded 106.67. Obviously, in 2021, the attractiveness of the US Dollar far exceeds that of the […]

Reflation trades are back with a vengeance, pushing pressure on stock markets as yields rise. Treasuries managed to stabilise somewhat overnight, after a sell off yesterday saw rates pushing higher again, but across Asia bonds as well as stocks sold off. Markets are looking ahead […]

US ADP reported private payrolls increased 117k in February, well below forecast (177k), though the 174k January gain was revised higher to 195k. The service sector supported the increase, with jobs rising 131k. In this sector, trade/transport led with a 48k increase, followed by education/health […]

The Market Week – March Week 1 HotForex · The Market Week – March 3rd 2021 The focus of attention once again this week is on the Bond markets, however Treasury prices & yields have stabilized, and volatility has cooled. The pressure on the USD […]

APPLE, Daily Apple, an American company founded in the 1970s, represents itself as a great example of the American dream with many success stories. The company has at least two key months every year, usually September and March. Last September, everyone was waiting for the […]

Trading was consolidative and quiet Tuesday as the markets took stock of recent activity. A lack of fresh catalysts also limited action. There was some jostling in stocks late after Texas announce it is opening up the state economy 100% and removing the mask mandate. […]

oil Later today and tomorrow evening we will have the API and EIA reports, while the day after that, on March 4, eyes will be on OPEC and its non-OPEC partners, known as the OPEC+ meeting. After touching the 13-month high at $63.67 on February […]

Canda’s GDP grew 9.6% in Q4 (q/q, saar), better than expected after the 40.6% bounce in Q3 (was 40.5%) that followed 38.5% plunge in Q2. A modest inventory accumulation in Q4 after the huge drawdowns in Q3 added to GDP in Q4. Government consumption, M&E […]