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NZDUSD Hits Highest Levels Since 2018

NZD SoarsThe New Zealand Dollar has broken out to its highest levels since April 2018 this week. Benefitting from the broad recovery in risk appetite over recent months, NZD was boosted further this...

S&P Spikes Lower As Powell Eyes "Return To Normal"

Powell Testifies US equities were shunted lower yesterday in response to comments made by chairman of the Federal Reserve, Jerome Powell. Testifying before the Senate Banking Committee as part of the...

Room for an Oil Rally? Depends on the Timeframe!

A downward correction in the crude oil market, after recovery of output and refinery operations on the Gulf Coast, was short-lived. Brent quotes rose 3.5% on Monday to $65 per barrel. On Tuesday, the...

Powell In Focus As US Yields Soar

Powell to Testify TodayFed chairman Jerome Powell will be in the spotlight when he testifies before the Senate Banking Committee later today. The Fed chair kicks off two days of testimonies amidst a...

Stimulus Expectations, Jump in US Economic Momentum put USD Under Pressure

A key trading theme on Monday has been renewed rise in market risk-free interest rates in the US. The yield on 10-year Treasury bond after short consolidation near 1.30% mark last week has updated its...

Precious Metals Monday 22-02-2021

Gold Gold prices fell to their lowest level since July last week amidst an uptick in US inflation expectations. An unexpectedly strong January US Retail Sales reading (5.3% vs 1.2% expected) added...

Key Economic Reports and Events for the Week Ahead

On Monday, investors will look closely at the Bank of China's benchmark interest rate decision to see if the central bank is trying to maintain its stimulus bias. Markets are likely to ignore the IFO...

EM Currencies Should Stay Supported Thanks to USD Sell-off

South African advanced on Friday in anticipation of the Treasury budget message next week, while losses in most other emerging market currencies were limited due to broad-based USD retreat.The rand...

Improving PMIs in Eurozone Drive Inflows into European Assets

The recent surge in demand for USD fueled by rise in Treasury yields seems to be abating as the outflow from the Treasury market slows. The 10-year T-Note yield has leveled off trading around 1.30%,...