FOREX.com - Forex Market Reviews

Markets turn focus towards Trump address to Congress

On the evening of Tuesday, February 28th, US President Trump is slated to give a major address to a joint session of Congress in lieu of the usual State of the Union address...

FOMC meeting minutes signal rate hike fairly soon – dollar unimpressed

The minutes from the most recent FOMC meeting three weeks ago – the first such meeting since Donald Trump’s presidential inauguration – were released on Wednesday afternoon...

Crude oil look set to resume bullish trend

Oil prices have been coiling for several weeks now with both contracts spending most of their time in a tight four dollar range...

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US stocks could rise 6-7% further before potential crash

The US stock markets hit repeated new record highs last week. The positive sentiment has continued at the start of this week, with Asian and European markets drifting higher in an otherwise quiet day. US index futures point to further gains at the open later on...

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Fed gives little indication of interest rate trajectory

The Federal Open Market Committee (FOMC) meeting has come and gone, and little has changed in the financial markets as a direct consequence. In unanimously deciding to keep interest rates unchanged, as widely expected...

Surging equities at risk ahead of earnings season

While earnings season has started on a very positive footing, however, banks and other financial companies were already expected to shine more than others due to rising interest rate expectations. As non-financial companies begin to report in the coming weeks...


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Gold rebound heading for major resistance

For more than two weeks, the price of gold has been in a strong rebound from its late-December bottom around the $1125 level. This rebound follows a sustained drop in price that began from the July highs around $1375 and followed-through to the December lows...

Crude oil at higher plateau ahead of US inventory data

Crude oil prices have recently been lifted to year-to-date highs on a successful agreement to cut oil production and control supply among major OPEC and non-OPEC oil producers...

Gold rebounds off key level ahead of busy week

As we reported the possibility on Friday of last week, gold did indeed fall further lower this week. The rising dollar, yields and US equity prices all weighed on the appeal of the buck-denominated, noninterest-bearing and perceived safe-haven precious metal...

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Gold plunge pauses but downside risk remains

After nearly a week of sharp declines in the aftermath of last week’s US presidential election, the price of gold paused for a breather on Tuesday. Fundamental pressures remain, however, in a market environment currently dominated by low market volatility and higher interest rate expectations...

Trump Wins, Markets Plunge then Rebound

It appears that polls and projections in the past few days and weeks have turned out to be severely inaccurate in predicting the outcome of the 2016 US presidential election...

Dollar falters but strength remains ahead of jam-packed week

The US dollar has taken a bit of a breather this week as it consolidates its recent gains ahead of major economic data and events in coming days. For around a month, the greenback has been on an exceptionally sharp incline as expectations for a Federal Reserve rate hike this year have progressively increased...


No silver lining for precious metals

Compared to last week when both gold and silver took a big plunge, precious metals have been a little bit more stable so far this week. After that vicious drop, bearish speculators have apparently eased off the gas a little...

(Not so) precious metals

As we highlighted the possibility on Monday, gold took a big plunge below the psychologically-important and support level of $1300 per ounce yesterday. The breakdown triggered further follow-up technical selling, causing gold to fall for a time below $1270 per ounce...

How long will crude oil OPEC-optimism last?

Continued optimism over last week reported deal struck by members of the Organization of the Petroleum Exporting Countries (OPEC) at an energy conference in Algeria has boosted crude oil prices sharply...

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Three Major Market Drivers

At the very end of September and the third quarter of 2016, with the US Federal Reserve’s latest interest rate decision out of the way for the time being, three major drivers have been dominating the financial markets and should continue to be instrumental in moving markets going forward...

FOMC decision won't necessarily be a binary outcome for USD

Risk is on the menu at the start of this new week with stocks, crude oil and commodity currencies all climbing higher, while the dollar is easing back slightly after Friday's rally...

King Dollar set for a rebound?

The dollar staged a broad-based rally on Thursday to make back some of the losses it had suffered earlier in the week which had been on the back of a poor ISM services PMI reading and last week’s disappointing jobs report...


Dollar support and crude oil plunge

Despite a better-than-expected June GDP reading for Canada released on Wednesday, two key factors have led to a drop in the Canadian dollar and an extension of USD/CAD’s recovery within the past two weeks...

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Crude turns positive ahead of oil data

Oil prices swung wildly into the positive territory yesterday. The rally eventually came to a halt around the $50 handle for Brent and $48 for WTI, and both contracts have been trending lower from these levels until an hour or so ago...

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Could stocks rebound soon?

This week saw data from the UK surprise positively and the severally-oversold pound bounced back sharply, while the dollar fell across the board as the Fed watered down rate hike expectations in the minutes of the FOMC last meeting...


Dollar weakness boosts EUR/USD to new post-Brexit high

EUR/USD has been climbing from its post-Brexit lows for nearly the past month. Much of this rise has been attributed to weakness in the US dollar, as bets on a Fed rate hike this year have progressively diminished in recent weeks...

Hints of hawkishness, but more lack of clarity

At first glance, Wednesday release of minutes from July FOMC meeting appeared slightly hawkish and relatively more optimistic about the prospects of a Fed rate hike this year...

UK data continues to confound expectations

After the surprisingly strong UK inflation figures on Tuesday, the jobs and wages data released today confounded expectations once again, albeit to a lesser degree...


DAX finally breaks out of consolidation

European stocks have started Tuesday session on the front foot after a lacklustre performance on Monday. Sentiment remains upbeat for global equities mainly because of the actions of central banks, rebounding oil prices and the mostly better-than-expected US corporate earnings results...

Another big NFP beat sets stage

The US non-farm payrolls (NFP) data released on Friday morning showed another big beat for July following June’s stellar outcome. 255,000 jobs were added in July against prior consensus expectations of 180,000. Average hourly earnings were also better than expected...

From Horrendous to Stupendous

The past two Non-Farm Payrolls (NFP) employment reports both showed exceedingly large deviations from prior consensus forecasts - but in opposite directions...


Crude oil plunges 5 per cent

Crude oil prices have plunged today with Brent and WTI both shedding around 5 per cent each at the time of this writing. Crude prices have dropped this sharply because of several reasons...

Counting Brexit costs

It has now been just over a week since the EU referendum resulted in a shock exit outcome which caused the pound and stock markets to plunge. While UK and global equities have since roared back...

Silver rises come rain or shine

Is it really risk-on today, or are the sellers just taking a breather...


  


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