Events to Look Out for Next Week

BoE’s Governor Bailey speech (GBP, GMT 10:00) Gross Domestic Product (JPY, GMT 23:50) – Gross Domestic Product should remain steady in Q4 and reveal headline growth of 12.8% y/y and 3% q/q. Tuesday – 9 March 2021 Gross Domestic Product and Employment change (EUR, GMT […]

March NFP Data – Live Analysis

Higher yields have supported the USD this week, with USDJPY at new 9-month highs, EURUSD back to November 2020 levels and Cable under 1.3800. How will the key US jobs data be interrupted today and impact the Greenback? Click here to access the our Economic […]

XAUUSD – The key factors remain the USD & Yields

XAUUSD, H1 You will notice that the gold price decline is clearly correlated with higher bond yields by the all-time high of the gold price at the beginning of August last year. It was the same period that the US 10-year bond yield was also […]

Market Update – March 5 – Jobs, Jobs, Jobs.

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 […]

US Unemployment Claims tick up

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 […]

USDJPY hits 7-month high

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 […]

Market Update – March 4 – Ahead of Powell & OPEC

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 […]

NFP: Major divergence in estimates

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 […]

Midweek Market Podcast – March 3

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 ahead of its Spring update

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 […]