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BRENT overview 07.05.2021

Oil falls on India worries. Oil under bearish pressure today amid rising COVID-19 infections in India. India posted record daily COVID-19 infections and deaths, with the virus spreading from cities to villages, destroying hopes that its second wave was about to peak. India’s opposition leader Rahul Gandhi warned that unless the second wave was brought […]

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Analysis Market overview

USDCHF overview 06.05.2021

USDCHF falls on safe-haven inflows. USDCHF under the bearish pressure today –as the result of the widespread safe-haven flight to safety into the Swiss franc after France sent two maritime patrol boats to the waters near island of Jersey today – after Britain deployed two of its naval vessels in an escalating row over post-Brexit […]

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GOLD overview 05.05.2021

Gold falls on stronger dollar. Gold continues to fall today as the possibility of higher U.S. interest rates supports the dollar. Dollar received significant support after “Treasury Secretary Janet Yellen said that rates need to go up higher at some point of time. The key question is how fast they will rise as the Federal […]

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BRENT overview 04.05.2021

Oil rises on demand growth optimism. Oil continues to rise under the effect of growing expectations across the oil traders that the reopening of the European economies and of the USA economy will offset the current dire infection tsunami undergoing in India. Traders expect the demand for oil to continue to grow after more U.S. […]

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GBPUSD overview 03.05.2021

GBPUSD rises on UK vaccination success. GBPUSD rising today as the result of the widespread sterling bullish sentiment after the market’s focus has shifted toward the relative differential in how successful UK and USA have been in containing the covid-19 epidemic. UK reported close to 1689 cases over the past day – while USA reported […]

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EURUSD overview 30.04.2021

EURUSD falls after German GDP misses with -1.7%. EURUSD falling today after German GDP missed estimates with -1.7% against -1.5% projected. This is casting shadow on the prospects for the quick economic recovery in Eurozone – even if the vaccination programmes are accelerating across the continent. The other factor adding to the bearish pressure on […]

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GOLD overview 29.04.2021

Gold falls as U.S. yields rise. Gold under bearish pressure today as the appeal of gold diminished after U.S. Treasury yields rose. U.S. economic growth likely accelerated in the first quarter, fuelled by massive government aid to households and businesses. Gross domestic product increased at a 6.4% annualized rate last quarter, the Commerce Department said […]

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BRENT overview 28.04.2021

Oil rises on demand outlook. Oil under bullish pressure today as expectations of rising fuel demand overcame concerns about the impact of a surge in India’s coronavirus infections and larger U.S. crude inventories. Expectations for demand growth arose after Goldman Sachs said on Wednesday it expected “the biggest jump in oil demand ever, a 5.2 […]

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USDJPY overview 27.04.2021

USDJPY rises ahead of Fed policy meeting. USDJPY rising today as the result of the strengthen dollar and weakening yen as the markets are waiting a U.S. Federal Reserve meeting for cues on its monetary policy outlook. The dollar is rising across the board after benchmark U.S. 10-year Treasury yield approached the 1.570% level. The […]

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Analysis Market overview

AUDUSD overview 26.04.2021

AUDUSD rises on dovish Fed. AUDUSD rising today as the result of the two mutually reinforcing sentiments affecting this currency pair – the widespread dollar bearishness and the rising Australian dollar bullishness. The dollar bearishness is the result of the expectations the U.S. Federal Reserve will maintain its dovish stance at a policy meeting weighed […]