Market Comment

US Open Note – Dollar charts best week of 2021; stocks, commodities under pressure

Dollar keeps FOMC power  The US dollar, the world’s reserve currency, is heading for its best weekly trade in nine months buoyed by the FOMC's hawkish turn, which bolstered the outlook for the US economy and put European currencies and commodities on the back seat.

Weekly Comment – USD rampages after Fed, Bank of England coming up

The USD stormed higher this week after the Fed signalled that the days of cheap money are coming to an end.

Daily Market Comment – Nasdaq hits new record as markets say inflation is dead

· Tech stocks power higher as markets bet Fed will tame inflation · Dollar keeps rampaging, gold heads for massive weekly losses · Pound struggles after soft data, quadruple witching coming up Inflation-linked trades fall apart Bets for raging inflation in the coming years are being unwound at a stunning pace, sparking all sorts of havoc in the markets.

US Open Note – FOMC hangover supports dollar as euro and gold dig lower; BoJ rate decision ahead

FOMC triggers much awaited volatility After a period of calmness, the upward revision in the FOMC rate projections displayed in the long-awaited dot plot came to shake the waters late on Wednesday, reviving the rally in global bond yields and of course amplifying the buying confidence in the dollar.

Daily Market Comment – Fed bombshell turbocharges dollar, sinks gold and stocks

· Fed shocks markets by forecasting much faster rate increases · Dollar storms higher, stocks retreat, gold cracks · Blockbuster data trim losses in aussie and kiwi, focus turns to BoJ FOMC signals two rate hikes in 2023 The Fed sent shock waves through financial markets yesterday after it signalled that rates will likely rise faster than previously expected and that a decision to wind down asset purchases may be just around the corner.

US Open Note – Markets asleep but ready to decode inflation and FOMC for clues

Stocks ease a bit from highs and dollar remains composed The US major indices are treading water beneath yesterday’s fresh highs, with the Dow Jones Industrial index still lagging behind.

Daily Market Comment – Fed to evade taper talk, but watch the dots

· Fed likely to steer clear of any discussion about exiting cheap money · But it might pencil in a rate hike for 2023, lifting the dollar a little · Stocks cool after US retail sales disappoint, crude oil off to the races Too early to talk tapering Global markets will have their gaze locked on the Federal Reserve today, which concludes its meeting at 18:00 GMT.

US Open Note – Stocks keep modest advance, dollar mostly muted    

Stocks tick up, Retail Sales and PPI data mixed US major indices are perky, with the S&P 500 index and the Nasdaq 100 tiptoeing to new highs and with the Dow Jones industrial index lagging slightly.

Daily Market Comment – Wall Street conquers new highs, yen struggles

· Tech generals lead stock markets to new all-time highs · Yen suffers as global yields bounce back, dollar quiet · Overall, bonds and stocks send conflicting signals about FOMC Tech stocks back in vogue The party in equity markets continues to rage.

US Open Note – Stocks, oil on the rise; FX markets on the sidelines

Stock indices hit fresh record highs There was no clear winner in the FX space during the European session on Monday as the calendar was empty of market moving events, but the surge in oil and other commodity prices provided a small advantage to risk-sensitive currencies such as the New Zealand and Australian dollars.

Daily Market Comment – Dollar advances as traders brace for Fed decision

· Dollar climbs as shorts hedge ahead of Fed meeting on Wednesday · Inflation fears subside overall – Biden infrastructure bill downsized? · Stocks hover near record highs, oil traders bet against Iran talks Investors shake off inflation blues Global markets seem to have concluded that this inflation episode will indeed fade soon.

US Open Note – Stocks brush with highs, dollar flickers green and yields dip

Stocks and dollar climb a tad but market appetite appears muted    Major US indices are holding near their highs with the S&P 500 index nudging up towards yesterday’s intra-day record high as the vibe in markets remains subdued, looking unresponsive to inflation and saturated talk around early tapering.

Weekly Comment – Fed to avoid taper discussion for now

Volatility in forex markets remained suppressed and the USD pinned down, even as data revealed US inflation hit 5% last month.

Daily Market Comment – Stocks at record, dollar unfazed after US CPI hits 5%

US inflation surges again, but markets more convinced than ever that it’s transitory ECB maintains dovish course, yet euro oscillates sideways S&P 500 notches another record close as Wall Street set for weekly gains Another big CPI beat, but no fuss this time Consumer prices in the United States soared by 5.

US Open Note – US CPI surprise driving dollar higher; Lagarde comments hurt euro

US CPI spike higher than expected Consumer prices in the United States were closely watched today for any clues about a tapering timeline.

Daily Market Comment – All quiet before ECB and US CPI; dollar resists slump in yields

Inertia sets in as ECB decision, US inflation seen key in determining the summer tone Treasury yields tumble again but dollar steady, stocks sluggish Euro and pound on the backfoot as EU-UK tensions simmer ECB and US CPI ahead: calm before the storm? Trading got off to another lacklustre start on Thursday, with major currencies and equities subdued and the volatility confined to the bond market.

US Open Note – Dollar struggles ahead of key data; BoC awaited

Dollar waiting for tomorrow’s US CPI data The US dollar is weaker somewhat today, and Treasury yields were lower as traders wait for the US inflation announcement on Thursday as it may affect the timeline for Federal Reserve discussions on tapering bond purchases and may be a key catalyst for the bond market.

Daily Market Comment – Bond yields take a dive, prop up equities, but FX sidelined

Bond yields plunge unexpectedly, signalling easing inflation anxiety US stocks near records but ECB, US CPI awaited for fresh drivers Dollar steady, loonie edges up ahead of BoC US yield curve flattens: sign of confidence or trouble? Government bond yields took an unexpected dive on Tuesday as a combination of strong auction demand, safe-haven flows and easing inflation worries boosted the bond market.

US Open Note – Stocks laid back as dollar flickers some life despite dip in yields

Risk appetite vanishes; inflation and taper talk jitters persist Although the market outlook is largely optimistic, economies are emanating a lethargic vibe and seem to be searching for an assisting jolt to rekindle risk appetite.

Daily Market Comment – Markets subdued as ECB, Fed, US spending and inflation outcomes awaited

Traders are biding their time as ECB and Fed decisions loom along with US CPI data White House infrastructure talks also in focus as negotiations drag on Stocks hover near highs as dollar ticks up, but US yields slip again Dollar inches higher as ECB, Fed and inflation eyed Markets were mostly drifting sideways on Tuesday, awaiting fresh clues on stimulus plans in Europe and the United States as fears of central bank tapering and higher inflation continue to haunt investors.

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