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EU Retail Sales & Activity Data Suggests the Country Dodged Lockdown Bullet

The hunt for yield dominates market sentiment on Monday. Having reached a new all-time high on Friday, US stock index futures are reluctant to decline much. FX markets are generally calm as well as...

Market Spotlight: GBPUSD Reversal Risks Building

GBPUSD Sitting On Key SupportThe breakdown below the rising channel from 2020 lows has seen GBPUSD sitting on a ledge of support at the 1.3676 level. While the trend is still bullish for now, the...

Precious Metals Monday 12-04-2021

Gold Gold prices have started the week on a softer footing though remains above the March highs for now following the rally off the 1700 level over the last fortnight. The 1700 level has now been...

Key Economic Events and Reports for the Week Ahead

After a slight lull, the currency and debt markets are again worried about the prospect of accelerating inflation. The US PPI released on Friday indicated strong acceleration, fueling the sell-off in...

The ECB Official: Too Early to Discuss Tapering of PEPP Asset Purchases

It is too early for the European Central Bank to discuss phasing out the Emergency Asset Purchase Program (PEPP) starting from the third quarter, ECB governing board member Yiannis Sturnaras said...

ECB Takes Clues from the Fed in Response to Rising Bond Yields

The last press conference of the ECB raised more questions from market participants than gave answers. It was unclear how much the bank would ramp up asset purchases to offset material pickup of bond...

Powell Highlights Weak Spots in US Recovery

Powell Speaks At IMF Meeting Amidst rising optimism over the pace of the US vaccination programme and the prospect of an acceleration in the economic recovery as the country re-opens, Fed’s Powell had...

Market Spotlight: CAD Unemployment Rate 13.30 GMT1

Canadian Unemployment Rate: 8.2% Prior 8% Expected Canadian unemployment data is up later today and will be the headline data event of the US session. Given the improvement we’ve seen over the last...

Dovish FOMC Report Leaves USD Bulls Struggling

US equity index futures posted another record on Thursday fueled by the release of dovish FOMC meeting report, which dampened concerns of early withdrawal of cheap liquidity, thereby fueling the...