Special Reports

A panoramic view of the US economy and dollar in 10 charts

The pandemic inflicted a lot of damage on the US economy, but thankfully, the worst has passed. It turns out that when Congress and the Federal Reserve join forces to fight a crisis, the stimulus response is so overwhelming that it eclipses everything else.

FX market remains prisoner to the vaccination race

The dynamics in the FX market have changed this year. The speed of vaccinations has turned into the most powerful element driving currency moves, as investors recalibrate their expectations for economic growth and the timeline of central bank rate increases.

What does Biden's infrastructure bill mean for markets?

The US President will deliver a keynote speech on Wednesday, during which he will outline his plans for a multi-trillion-dollar infrastructure package.

Silver unfollows Gold: where next?

Historically, gold and silver tend to be highly correlated assets, but their strong positive relationship slightly relaxed in the first quarter of the year, making investors wonder whether this deviation could be something more than temporary in the coming years.

Fed's silence on rising yields could reawaken the dollar

Some central banks like the ECB hit the panic button when bond yields went berserk lately, but some others such as the Fed and the Bank of England appeared rather comfortable with the moves.

Global yields catch up with US Treasuries; has the dollar’s rebound been thwarted?

A battle of the yields is underway as the returns on long-dated government bonds recover to pre-pandemic levels, undermining the allure of riskier assets such as stocks.

What's behind the mania in stocks?

There's something different about this booming stock market, especially when one looks at all the madness under the hood in small-cap and penny stocks.

Is the global vaccination race the new force in FX markets?

The global campaign to vaccinate people against Covid-19 began in earnest in December, marking a historic milestone in the fight to bring an end to the pandemic.

Which central banks have the biggest footprint in FX?

With the dollar turning into a safe haven during the pandemic, risk appetite has become one of the most crucial elements for the FX market.

Dollar remains overvalued; can America’s twin deficits still sink it?

The US dollar ended a volatile 2020 down 6.5% against a basket of currencies, underlining the dramatic turnaround in risk appetite from the depths of the March virus crisis.

How the pandemic made China stronger

The Covid-19 pandemic has stigmatized China as the birthplace of one of most awful diseases in modern history.

As Biden prepares to take office, what does a Democratic sweep mean for the dollar?

It’s only been a couple of weeks since outgoing US President Trump signed a $900 billion stimulus bill into law, but investors already have their sights on another, even bigger fiscal package.

No post-deal rally for the pound as Brexit negotiations far from over

Britain and the European Union have just agreed on a post-Brexit relationship - including, of course, on trade - ending more than four years of uncertainty and political drama.

Commodities outlook: can gold, oil and metals stay bullish in 2021?

It’s been an incredible year for commodities as the global pandemic has induced some historic moves in the prices of key commodities such as gold and oil.

FX year ahead 2021: Too much dollar pessimism?

It has been year of absolute chaos, but hopefully 2021 will be much calmer as the global economy heals its wounds.

After the vaccine boost, what’s next for the commodity dollars?

It’s been a roller-coaster year for the commodity-linked dollars of Canada, Australia and New Zealand as the global pandemic has wreaked havoc on international trade and on commodity prices – the lifelines of the three economies.

Oil rides vaccine euphoria higher, will OPEC help?

Crude oil staged a heroic rally lately, with the vaccine news acting as jet fuel for prices. Investors are finally pricing in a brighter outlook for demand next year, but that is only half of the equation.

Yen’s path versus dollar defies recovery trend, may cause headache for policymakers

The Japanese yen has been on a steady downtrend against most of its major peers since March when it exploded higher during the virus-induced financial turmoil.

With a vaccine on the horizon, what’s next for gold?

A combination of cheap money policies and runaway government spending propelled gold prices to new record highs earlier this year, but the metal has been trapped in a range for three months now, and the burning question is whether bullion’s best days are behind it now that a vaccine is on the radar.

Biden’s Trumpism over US-China trade war

Trump’s presidency opened several fronts of confrontation between the United States and other key global economic powers, instantly increasing volatility in the markets as traders love to trade.



Trade Ideas

SymbolSourceDirection

Market Summary

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.