Market Overview

7 March 2023 16:29

Lysakov Sergey

Rise of the Greenback May Lead to the Dumping of Stocks

A strong labor market, retail sales, and high persistent inflation pushed both Treasuries yields and the U.S. Dollar up. The U.S. 10-year Treasuries yield broke through the 4% level for the first time since November 2022. Suddenly, the upside yield movement was stopped by rising inflation in the Eurozone and a consequently possible higher than expected interest rate hike by the European Central Bank (ECB).

21 February 2023 16:37

Lysakov Sergey

U.S. Economy Developments Supports Dollar and Pressures Stocks

Strong macroeconomic data and persistent inflation in the U.S. has pushed the Dollar up above its established trading range. Stock indices have been reluctant to this move so far. Blistering consumer prices are a real headache for the Federal Reserve (Fed) as they are deliberately slowing down. The Consumer Price Index was recorded at 6.4% year-on-year in January compared to 6.5% in the previous month. The Producer Price Index rose by 0.7% month-on month, well above the previous level of -0.2% and the forecasted 0.4%.

14 February 2023 18:43

Lysakov Sergey

The Cable Is Waiting for a Decline

The British Pound began to rise against the Dollar towards the end of 2022, driven by the expectation of a slowdown in inflation in the United States that would eventually lead to a slowdown of interest rate hikes by the Federal Reserve (Fed). The Dollar may respond to this by weakening against all other major currencies. Traders also expect the Bank of England (BoE) to continue raising its interest rates to fight high inflation. Such expectations pushed GBPUSD to 1.2450, the highest level since June 2022.

7 February 2023 16:25

Lysakov Sergey

The Dollar Sighs with Vengeance

Investors are paying the penalty for not believing the Federal Reserve (Fed) and its promise to continue monetary tightening. After raising its interest rates to 4.75% from the previous 4.5%, the monetary watchdog has clearly claimed its hawkish plans to continue raising interest rates throughout 2023. That has not impressed investors who were overwhelmed by enthusiasm as the Fed’s Chair Jerome Powell recognised that the pace of inflation has cooled. Many have suggested that this is a victory over inflation, but Powell has clearly indicated that it is too early to say this.

31 January 2023 16:36

Lysakov Sergey

Gold Is Looking Down Ahead of Fed Meeting

Gold has lost its function as a safe haven asset over the course of recent years as its prices have been seen to move in the same patterns as typical risky asset from the start of the pandemic and the beginning of the vast monetary stimulus delivered by major central banks and governments, and foremost by the Federal Reserve (Fed). Cheap money at almost zero rates amplified by stimulus programs mostly affected industrial and energy assets while undermining the low-yield Dollar-denominated debt. Investors were therefore seeking higher returns from other assets, including gold.

13 January 2023 07:48

Lysakov Sergey

Chinese Yuan Is Gaining Strength Against the Dollar Ahead of Other Currencies

The Chinese Yuan or the Renminbi, as it is otherwise known, is gaining strength against a weakening U.S. Dollar like most of the other world currencies. In this case the Dollar sets the tune as the U.S. Dollar index declined to 102.9 points from 104.9 points at the beginning of January, or by 2%. USD/CNY also dropped by 2% from 6.90 to 6.77 by January 12. The Greenback is weakening mostly on expectations of mild monetary policy moves by the Federal Reserve (Fed), and generally amid a more optimistic sentiment in the market.

27 December 2022 11:35

Lysakov Sergey

Yen Paradox

The Japanese Yen is declining against the U.S. Dollar, as the USD/JPY rose from 130.6 lows on December 20 to 133 on December 27. The pair is rising despite the Dollar being weaker against most of the other major currencies. The U.S. Dollar index fell from 104.4 to 103.6 points over the same period. So why is this happening and what are real reasons behind the battering of the Yen? The Bank of Japan (BoJ) greatly surprised markets with its controversial decision on December 20 when it left its interest rates stable.

20 December 2022 13:06

Lysakov Sergey

Central Banks’ Fight against Inflation

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.

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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