Market Overview

20 December 2022 13:06

Lysakov Sergey

Markets have been moving in a paradoxical manner over the last couple of days despite the slowing down of inflation. The Consumer Price Index (CPI) was down to 7.1% in November after 7.7% in October. But any expectations that the Federal Reserve (Fed) would ease its hawkish monetary policy remain wishful thinking. Further tightening may seem excessive as inflation is going down on its own, while the economy is further discouraged by rising borrowing costs along with the recession risks that make such a mood inevitable.

13 December 2022 11:21

Lysakov Sergey

Inflation and the Fed Could Hardly Change the Dollar Rally Trend

November inflation data to be released on Tuesday and the Federal Reserve’s (Fed) decision on interest rates to be announced on Wednesday are unlikely to change the global upside trend for the U.S. Dollar and a downside perspective for stocks. The Consumer Price Index (CPI) is expected to decline further to 7.3% year-on-year in November against 7.7% a month before. From its side the Fed is expected to raise its interest rate only by 50 basis points to 4.5% instead of the 75 basis points hikes performed the last four previous times.

8 December 2022 11:41

Lysakov Sergey

The Brazilian Real Still Challenging the Greenback

The Brazilian currency, Real, was seen to be mostly uncertain about its trading this year as it was moving within a wide range from 5.60 at the beginning of 2022 to 4.60 in April.. But since June the Real has been trading steadily against the U.S. Dollar in a narrow range of 5.02-5.51 that has become even more narrower to reach 5.16-5.28 at the end of November. The major point here is that the Real is successfully challenging the U.S. Dollar amid wide fluctuations of the Greenback against other reserve currencies.

30 November 2022 08:41

Lysakov Sergey

The Pound Is Waiting for a Downside Opportunity

Until now the month of November has generally been a positive one for the British Pound, as it rose from 1.11 to 1.21 to the U.S. Dollar throughout this month. This week has been no exception. The reason for this upside is related to both the Pound and the Dollar. The Cable was suddenly supported by the Purchasing Managers’ Index (PMI) data in November as the Composite PMI rose to 48.3 points, beating forecasts of 47.2 points. Any readings above 50 points indicate economic expansion, while figures lower than this threshold point to a contraction of local business.

22 November 2022 13:27

Lysakov Sergey

Europe’s Rising Inflation Manages to Sober Up Markets Again

Inflation data for the leading developed countries continues to guide investors’ sentiment as this information is considered to be a key indication for central banks in term of how they may adjust their monetary policies. The Producer Price Index (PPI) in the United States slowed down to 8% year-on-year in October against 8.4% a month before. This data contributed to the enthusiasm already established by the sensationally lower Consumer Price Index (CPI) at 7.7% for the previous month. However, the joy was short lived as European prices continue to post records.

16 November 2022 09:09

Lysakov Sergey

Markets Have a False Overdrive

Sudden lower inflation in the United States in October continues to make markets anxious as there seems to be very little room for false hopes on the heels of the Federal Reserve’s (Fed) promise to continue to raise interest rates despite lower inflation figures. The Consumer Price Index (CPI) dropped to 7.7% beating the forecast of 8% and 8.2% for the previous month. The S&P 500 broad market index soared by 7% to 4000 points by the middle of November. The U.S. Dollar index (DXY) crashed by 4% to 106 points from the 110.2 points position where it sat before the publication. U.S.

8 November 2022 13:22

Lysakov Sergey

Europe Can Thank the Warm Autumn for Its Sufficient Gas Supply

Gas prices in Europe continue to go down reaching 109.68 Euros per MWh for December. At the beginning of this week, Dutch TTF Gas futures were down from 123.35 Euros a week before and this is more that 68% lower than peak prices of $349.87 at the end of August. On the storage front, gas storages are filled way above average levels. Belgium is at full capacity, Germany has reached 98% while France is at 99%. More than 30 gas tankers are stationed at ports along Europe’s coastline where they are unloading their cargo while 30 more are on their way to Europe.

1 November 2022 13:47

Lysakov Sergey

China’s Stocks Need More Time to Become Attractive Investments

Chinese stock indexes dropped significantly over recent months. The CSI 300 index has lost 30% over the last ten months ending October at 3503 points, the lowest since March 2020. The Hang Seng index which mainly hosts mainland Chinese corporations dropped by 40% to reach 14843 points, the lows of 2009, while the Shanghai Composite index declined by 21% to reach 2888 points. Global downside drivers for stocks are affected by specific Chinese factors that are getting even stronger recently.

26 October 2022 08:29

Lysakov Sergey

Will the Greenback Rise Again?

Two major events which hit the money market recently are key to understanding the actions of the major central banks and further market developments. Namely, these events are the resignation of the British Prime Minister and possible market interventions by the Bank of Japan (BoJ). The British Pound rose from all-time lows from 1.0600 to 1.13000. At the crack of the tax reform in the United Kingdom, the Bank of England (BoE) was forced to perform temporary quantitative easing to prevent a full-scale debt crisis.

20 October 2022 12:58

Lysakov Sergey

Swiss Franc Stopped at Parity

The Swiss Franc has reached the long-awaited parity with the U.S. Dollar that has been strengthening across the market since September. But now the USDCHF has stopped after beating this psychologically strong resistance level. The pair has been at this level four times over the last decade but has never gone this far since the pandemic. It is now moving inside the narrow range of 1.001-1.007. This is the range that the Franc is testing for a third time this year and it may be successful this time. However, for now the pro and con factors have seemingly found a balance. The U.S.

Market Focus

Quotes

Symbol	Bid	Ask	Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.19% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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