Analysis

Dollar Softens Ahead of FOMC Meeting Minutes

Dollar Softens Ahead of FOMC Meeting Minutes

Investors remained cautious as more Federal Reserve officials echoed dovish sentiments. Anticipation mounts ahead of the FOMC meeting minutes, expected to provide insights into the Fed's decision-making.
PU Prime | 631 days ago
War Helps USD to Rebound

War Helps USD to Rebound

The US dollar started the week on a strong note, aligning with other traditional safe-haven currencies like the Swiss franc and yen. Despite heightened geopolitical tensions in the Middle East over the weekend, the negative spillover effects on the foreign exchange market have been relatively limited so far.
ACY Securities | 632 days ago
Key Factors to Consider During Geo Political Crisis

Key Factors to Consider During Geo Political Crisis

Join Nathan Bray, ACY Securities' expert market analyst, in this timely video as he delves into the intricacies of "Navigating Global Markets in Times of War." In this analysis, Nathan explores the impact of the ongoing conflict in the Middle East on financial markets, with a special focus on the 10-year US Treasury yield.
ACY Securities | 632 days ago
Daily Global Market Update

Daily Global Market Update

Gold up 0.7% (bullish ROC), Euro stable, Pound up 0.1% (bullish Williams), Bitcoin down 1% (bearish Williams). Rising US bond yields impact global borrowing costs. Finance expands in the UK. Samsung, SK Hynix get approvals for US chip equipment supply to China. Economic highlights: US NFIB Business Optimism, Redbook Index, Dutch CPI, Consumer Spending, Japan's Eco Watchers Survey.
Moneta Markets | 632 days ago
Dollar Softens On Fed’s Dovish Tone

Dollar Softens On Fed’s Dovish Tone

The dollar index lost momentum following a dovish tone from Federal Reserve officials, igniting widespread speculation that the central bank might maintain interest rates through 2023's end.
PU Prime | 632 days ago
Daily Global Market Update

Daily Global Market Update

Oil dollar steady, bearish; Aussie dollar stable, bearish; Euro dollar stable, bullish; Dollar yen steady, bearish. In world news, Shanghai Stock Exchange probes Zang King Co, Exxon Mobil eyes $60B acquisition, China's tourism surges 130%. Upcoming: Germany's production, Japan's accounts, UK's sales, Singapore's reserves, US optimism index.
Moneta Markets | 633 days ago
The Trading Week Ahead

The Trading Week Ahead

Join us for another episode of with Luca Santos, ACY Securities' Technical Market Analyst. In this week's insightful analysis, Luca delves into the aftermath of last week's US Non-Farm Payrolls and unemployment data releases, shedding light on their profound effects on the financial markets and US Dollar pairs.
ACY Securities | 633 days ago
Gold, Oil and USD Outlook

Gold, Oil and USD Outlook

In this insightful video, renowned financial analyst Clifford Bennett delves deep into the dynamics of the global financial markets to uncover a potentially seismic shift on the horizon.
ACY Securities | 633 days ago
US & Canada Payrolls All You Need to Know

US & Canada Payrolls All You Need to Know

The robust employment surge in September exceeded consensus expectations, but underlying weaknesses temper its significance for the Bank of Canada's upcoming rate decision. Our anticipation remains unchanged: no interest rate adjustment is expected, given dwindling job opportunities and an economic slowdown in response to prior rate hikes.
ACY Securities | 633 days ago
Update on Israel War – Oil Prices on Rise

Update on Israel War – Oil Prices on Rise

Palestinian militants launched an "unprecedented" infiltration attack against Israel on Saturday morning, the largest in years. They sent fighters from Gaza to the border, fired thousands of missiles, and killed dozens of Israelis. In response, Prime Minister Benjamin Netanyahu ordered the mobilization of reservists and declared, "We are at war!"
ACY Securities | 633 days ago
Middle East War Bolsters Gold Prices

Middle East War Bolsters Gold Prices

The week started with a surge in gold prices, climbing nearly 1%, driven by the escalating conflict in the Middle East involving Israel and the Palestinian militant group Hamas.
PU Prime | 633 days ago
EUR & CHF – EUR Set to Go Further Down to 1.04

EUR & CHF – EUR Set to Go Further Down to 1.04

The EUR/USD pair has bounced back from its recent low of 1.0450, but it could struggle to find enough buyers as it approaches the 1.0530/1.0550 range. The US dollar remains an unattractive sell, and there is currently no compelling narrative in the eurozone to counter the exceptionalism story in the United States.
ACY Securities | 636 days ago
How Further Will the US Dollar Correct?

How Further Will the US Dollar Correct?

Bonds experienced another tumultuous trading session, yet this time around, yields headed in a downward direction. This shift was partly attributed to a less-than-ideal ADP payroll report (known for its unreliable predictive power), which acted as a deterrent against further selloffs.
ACY Securities | 636 days ago
Daily Global Market Update

Daily Global Market Update

Pound-dollar: +0.4%, RSI positive. Bitcoin: -1.1% despite intraday high. Oil: -2%, oversold (Ultimate Oscillator). Aussie-dollar: +0.6%, MACD negative. Ledger CEO cuts 12% staff. Bank of England considers rate cuts. Crude prices dip on Russia news. Economic releases: US Non-farm Payrolls, Japan's Coincident Index, Finland's Trade Balance, Germany's Factory Orders, UK's CFTC GBP NC Net Positions.
Moneta Markets | 636 days ago