Midweek Market Podcast – April 14

The Market Week – April – Week 2 HotForex · Midweek Market Podcast – April 14 The focus of attention this week moved from Bonds to Inflation data as the US CPI beat expectations, driving stock markets higher and the USD and yields lower. Retail […]

Positive Jobs Data Supports the Aussie

AUDUSD, H4 The Australian Dollar recorded a strong gain in trading yesterday, gaining around 1.14% against the US Dollar. Currently, AUDUSD is trading around 0.7750, leaving room for a rally of around 100 pips towards the average resistance level of 0.7848. Employment in Australia rose […]

Market Update – Dollar to 4-week lows

The markets largely tracked global trends with gains in risk appetite weighing on bonds. More signs of rising price pressures also lifted yields. There weren’t any new drivers to provide strong direction. Investors continued to monitor the pandemic, with more waves of infections and new […]

Q1 Earnings Season – BAC and Citigroup

This week the key Q1 Earnings season kicks off in earnest, with many of the major US banks reporting and expected to massively beat consensus, something that could please the bulls. But will this be the case? And if yes, then what? As Goldman Sachs […]

Speed Bumps on the Recovery Road ?

The US dollar initially tried to rally, though ultimately dipped a bit following the data, which saw retail sales surge way more than consensus, while Initial jobless claims fell much more than expected, while continuing claims were nearly unchanged. Click here to access our Economic […]

Market Update – Pricing in a solid global recovery again

Treasuries posted strong and very surprising gains, overlooking robust data and a solid rally on Wall Street. It was something of a buy-the-fact trade as hefty data was the well advertised risk (Retail sales surged 9.8% in March and climbed 8.4% excluding autos & Initial […]

Morgan Stanley to keep the bid ?

Morgan Stanley is set to report its first-quarter 2021 earnings before the market open today. Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. Similar to the fourth quarter of 2020, despite the coronavirus pandemic […]

Ripple’s rise could test all-time-highs

XRPUSD Ripple (XRPUSD) has approached the $2.00 mark for the first time in three years. What is the reason for this, and what is the probability that the asset will breach its maximum historical value? On Wednesday, April 14, the XRP token rate approached the […]

Events to Look Out for Next Week

Trade Balance (JPY, GMT 23:50) – The trade balance is expected to surplus in March to 490 bln from the surplus of 215.9 bln in February. Tuesday – 20 April 2021 PBoC Interest Rate Decision (CNY, GMT 01:30) – The People’s Bank of China (PBoC) […]

US Update – Rally in Housing Starts

EURUSD, H1 US housing starts surged 19.4% to 1.739 mln in March, much stronger than expected, following the drops of -11.3% to 1.457 mln in February and -1.7% to 1.642 in January. Single family sales jumped 15.3% to 1.238 mln after sliding -6.8% in February […]