Global Market Insights - Forex, Futures, Stocks

Week Ahead: Vaccine hopes lift markets, all eyes on Congress

14 Aug 2020

Contributed by Lukas

Send us a textIt’s a relatively quiet week, with the main highlights being the Eurozone’s preliminary PMIs and the minutes of the latest FOMC meet...

Dollar firms, stocks muted amid stalled stimulus talks, soft China data

14 Aug 2020

Contributed by Lukas

Send us a textHopes fade for a quick stimulus deal in the US as Congress leaves town. Weaker-than-expected Chinese data adds to recovery worries. Doll...

Dollar slips as no stimulus deal in sight yet; Gold pares losses

13 Aug 2020

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Send us a textUS Treasury yields fall back as Washington no closer to reaching stimulus deal. Dollar retreats, helping gold recover some losses; stock...

Vaccine fever shakes markets, RBNZ shoots kiwi down

12 Aug 2020

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Send us a textVaccine news catapult global yields higher, push stocks lower. Gold falls without a parachute - has it peaked? Dollar inches higher amid...

US stocks flirt with record highs, gold retraces

11 Aug 2020

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Send us a textS&P 500 cruises towards all-time high as Trump floats capital gains tax cut. Markets also take heart from ‘soft’ Chinese retalia...

Dollar gets a second wind after US payrolls, can it last?

10 Aug 2020

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Send us a textDecent US jobs report triggers a short squeeze in the dollar. Is the reversing trend in European/American virus cases going to show up i...

Week Ahead: Dollar eyes US stimulus talks, retail sales; UK GDP and RBNZ in focus too

07 Aug 2020

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Send us a textCongressional talks in the United States on a new virus relief package will dominate the market headlines yet again in the coming week a...

Trump fans the geopolitical flames, nonfarm payrolls coming up

07 Aug 2020

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Send us a textNonfarm payrolls to set the tone for markets, along with stimulus negotiations. Trump fires another salvo at Beijing, bans transactions ...

Bank of England lifts sterling, dollar battered but still standing

06 Aug 2020

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Send us a textSterling jumps after BoE seems reluctant towards negative rates. Stocks climb, dollar resumes downfall as markets keep betting Congress ...

Dollar comeback falters as yields sink, gold sparkles

05 Aug 2020

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Send us a textGreenback attempts comeback, but fails as bond yields plummet. Gold salutes crumbling dollar and yields, hits new record above $2000. St...

Nasdaq conquers new heights as US infections slow down

04 Aug 2020

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Send us a textStocks gain altitude on slowing contagion and encouraging data. Most currencies trade in wide ranges, but go nowhere. Overall, market fo...

Dollar shrugs off ratings downgrade, RBA in focus

03 Aug 2020

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Send us a textDollar rebounds on profit-taking and short-covering, despite Fitch downgrade – is this a dead-cat bounce? Stocks remain near highs as ...

Week Ahead: Can nonfarm payrolls halt the dollar’s descent?

31 Jul 2020

Contributed by Lukas

Send us a textIt’s a huge week ahead, with the Reserve Bank of Australia and the Bank of England both announcing their rate decisions ahead of the a...

Dollar resumes slide; stocks struggle but tech bucks the trend

31 Jul 2020

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Send us a textDollar slumps again as US economy crashes, heads for fiscal cliff. Euro, pound and aussie catapult higher but yen’s jump raises eyebro...

Fed soothes stimulus anxiety; dollar pares losses

30 Jul 2020

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Send us a textFed tight lipped on new forward guidance but reaffirms pledge on easy policy. Stocks buoyed but cautious ahead of tech earnings, US GDP ...

Tough stimulus talks weigh on markets; dovish Fed might help

29 Jul 2020

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Send us a textDollar finds support from stalled stimulus talks amid splits in Congress. Stocks struggle on poor earnings, stimulus delay; gold pauses ...

Dollar selloff eases; gold pulls back after setting fresh record

28 Jul 2020

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Send us a textDollar crawls higher as Republicans finally unveil new stimulus proposal. Gold touches $1,980/oz before pulling back, eyes dovish Fed. W...

Gold reaches for the sky, euro soars too as dollar sags

27 Jul 2020

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Send us a textUncertainty about US outlook pushes dollar to 22-month low, lifting gold and euro. Precious metal hits all-time high as Sino-US tensions...

Concerns the US recovery is stalling ripple through markets

24 Jul 2020

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Send us a textInvestors push the ‘risk off’ button amid faltering US recovery, US-China tensions, monopoly probes into big tech. Stocks pull back ...

Week Ahead: Fed meets as virus storm worsens; Q2 GDP set for historic collapse

23 Jul 2020

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Send us a textThe FOMC meeting will undoubtedly be the most eagerly awaited event of the week. But second quarter GDP prints out of the United States ...

Euro takes no prisoners, dollar falls apart

23 Jul 2020

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Send us a textDollar slide accelerates despite escalating US-China tussle, euro takes flight. Markets generally in a cheerful mood, helped by signs Co...

US dollar clubbed as euro cruises higher, gold glitters

22 Jul 2020

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Send us a textEuro ascends after landmark EU deal, mostly to the detriment of the dollar. Sinking dollar lifts all other boats – pound, commodity cu...

Euro flatlines but stocks lifted by vaccine and stimulus progress

21 Jul 2020

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Send us a textEU strikes a compromise deal on a virus recovery fund but euro pares gains. Positive vaccine headlines drive Nasdaq to record close as k...

Soaring euro eyes EU fiscal boost; stocks mixed

20 Jul 2020

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Send us a textEuro scales 4-month peak as EU leaders close in on virus rescue deal. More restrictions as virus cases continue to surge globally. Stock...

Fears grow about virus surge but stimulus hopes put a lid on risk-off

17 Jul 2020

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Send us a textUS daily virus tally tops 77,000; escalation in Australia and Japan also worries investors. Stocks tread water but stimulus and vaccine ...

Dollar edges up, stocks slip as recovery doubts set in

16 Jul 2020

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Send us a textChina’s GDP bounces back but signs of uneven recovery dampen sentiment. White House’s tough line on China also a drag on risk assets...

Euro surges, stocks bounce back amid fresh vaccine hopes

15 Jul 2020

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Send us a textVaccine hopes boost risk assets; Wall Street selloff is over before it even began. Euro and aussie charge ahead; pound and loonie try to...

Wall Street stumbles as US-China tensions brew, virus cases surge

14 Jul 2020

Contributed by Lukas

Send us a textNasdaq falters as more US states roll back reopenings amid record new infections. Sino-US tensions also upset stocks, but dollar and gol...

Stocks creep higher as terrible earnings loom; dollar slips further

13 Jul 2020

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Send us a textStocks braced for disastrous earnings, but low bar sets stage for profit beats. Dollar extends downward trajectory despite worrisome vir...

Virus acceleration and politics upset markets

10 Jul 2020

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Send us a textStocks lose altitude, dollar regains ground on US virus spike, Biden remarks. But Nasdaq a different story, hits new records on relentle...

Nasdaq and gold take to the skies, dollar tanks

09 Jul 2020

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Send us a textStocks and commodity currencies grind higher without much news. Sinking dollar lifts all FX boats, pound and loonie capitalize the most....

Dollar steadies as opposing narratives clash

08 Jul 2020

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Send us a textMarkets calm down after a mild dose of risk aversion. Dollar climbs and stocks pull back, though both stabilize on Wednesday. Sterling o...

Markets pause to assess risks after leaping higher

07 Jul 2020

Contributed by Lukas

Send us a textCurrencies and equities in a more cautious mood Tuesday, as China-led euphoria peters out. Dollar regains its footing but only mildly, a...

Nasdaq set for new records, yen and dollar hammered

06 Jul 2020

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Send us a textInvestors start week in risk-taking mood, despite fading hopes of a V-shaped recovery. Global stocks cruise higher, led by China, as ye...

Record NFP jump overshadowed by US virus surge

03 Jul 2020

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Send us a textUS economy adds record 4.8 million jobs in June but virus jitters cap risk appetite.Stocks pare gains, dollar pulled in opposite directi...

Dollar stumbles ahead of NFP; vaccine hopes shore up equities.

02 Jul 2020

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Send us a textDollar torn between upbeat data and US virus spike; NFP may decide fate. Positive vaccine news helps breathe life into flagging stock ma...

Gold soars on virus risks, softer dollar; US data awaited

01 Jul 2020

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Send us a textGold extends bull run amid growing virus fears and US-China tensions; softer dollar helps too. Stocks mostly positive as global recovery...

Virus concerns cast aside as upbeat data boosts sentiment

30 Jun 2020

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Send us a textStocks rebound as risk aversion eases on positive data from China and the US. But virus worries linger as Australia and the UK impose lo...

Virus resurgence haunts stocks but dollar edges lower

29 Jun 2020

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Send us a textMarkets start week in risk-off mode as virus surge halts reopening plans in the US. Stocks slip, but less cautious mood in FX markets as...

Stocks jump into the green, but dollar doesn’t play along

26 Jun 2020

Contributed by Lukas

Send us a textInvestors ignore a litany of bad news, push stocks higher on deregulation hopes.But FX retains a more cautious tone, dollar holds onto g...

Markets lose altitude as virus fears escalate

25 Jun 2020

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Send us a textReality bites stock markets as US virus spike accelerates, dollar recovers. Threats of new US tariffs against EU and dire IMF forecasts ...

Gold flies to new highs, RBNZ talks kiwi down

24 Jun 2020

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Send us a textDollar retreats after encouraging PMIs turbocharge euro. Gold capitalizes on weaker dollar, reaches heights last seen in 2012. Stocks in...

White House sends markets spinning, European PMIs bolster euro.

23 Jun 2020

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Send us a textConflicting statements from White House on China send currencies and stocks for a wild ride overnight. But markets back to square one as...

Investors grapple with the virus blues

22 Jun 2020

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Send us a textMarkets struggle for altitude as second wave worries intensify. WHO reportsrecord increase in global cases, Apple re-closes some US stor...

Stocks drift, dollar holds firm amid growth, second wave worries

19 Jun 2020

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Send us a textMarkets struggle for direction as persisting second wave fears weigh on sentiment. US-China relations back in spotlight as Trump threate...

Dollar firms, stocks slip as spike in virus cases begins to cause worry

18 Jun 2020

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Send us a textRisk appetite wanes as markets start to take second wave fears more seriously. Surge in cases in Beijing and US drive up dollar demand, ...

Geopolitical tensions and virus spike dampen sentiment, but not much

17 Jun 2020

Contributed by Lukas

Send us a textRising regional tensions and a worrying increase in coronavirus cases weigh on risk assets. But safe havens barely supported as growth o...

Risk-on back in play as Fed goes overkill with stimulus

16 Jun 2020

Contributed by Lukas

Send us a textSell-off cut short as markets reminded Fed not done yet with stimulus. Possible $1 trillion infrastructure plan by Trump further fuels s...

Stocks slide again on second wave fears; Pound skids ahead of Brexit talks

15 Jun 2020

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Send us a textA resurgence of coronavirus cases sends stocks into a tailspin again. Aussietakes a beating, yen and franc up, but gold unable to capita...

Markets plummet as second wave fears grip investors

12 Jun 2020

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Send us a textWorries of a second infection wave kill the euphoria in markets. S&P 500 loses almost 6%, dollar and yen shine again, commodity curr...

Fed walks the dovish line, but markets want more

11 Jun 2020

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Send us a textFed commits to rock bottom rates for years, reaffirms ‘whatever it takes’ stance. Dollar drops initially and stocks jump, but moves ...

Nasdaq rips higher ahead of Fed decision, dollar in agony

10 Jun 2020

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Send us a textNo action expected from Fed today, but signals will determine whether the ‘risk party’ can keep going. Dollar extends losses ahead o...

Stocks back in the black, dollar selling takes a breather

09 Jun 2020

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Send us a textS&P 500 recoups all its losses for the year, Nasdaq hits new record. Optimism echoed in FX too, with dollar struggling as commodity ...

Euro soars after ECB’s surprise; dollar extends slide ahead of NFP

05 Jun 2020

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Send us a textEuro skyrockets after ECB increases pandemic stimulus by more than expected. Dollar stuck in a downward spiral, unlikely to be saved by ...

Dollar steadies as stocks pause rally; euro eyes ECB stimulus

04 Jun 2020

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Send us a textDollar regains some positive footing as risk rally eases. Euro takes a breather ahead of ECB decision. Oil pulls back amid doubts about ...

Dollar slumps as recovery hopes gather pace

03 Jun 2020

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Send us a textIncreasing optimism of strong economic recovery pummel the dollar. Yenloses shine too, but gold holds within range as US and China risks...

US protests rage on, start to weigh on dollar

02 Jun 2020

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Send us a textTrump inflames protests, threatens martial law as US stocks begin to take notice. Dollar extends slide as recovery hopes keep positive s...

Hong Kong relief weighs on dollar and yen but gold lifted by US protests

01 Jun 2020

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Send us a textTrump’s mild response over Hong Kong sparks relief; stocks surge, dollar sags. Aussie leads the gainers as RBA meeting not seen spoili...

Stocks ease off ahead of Trump’s Hong Kong decision; dollar skids after Fed comments

29 May 2020

Contributed by Lukas

Send us a textStocks drift lower, yen edges up as markets await Trump’s response over Hong Kong. But dollar hits 2½-month low on soaring euro and F...

Hong Kong tensions sink yuan but stocks yet to flinch

28 May 2020

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Send us a textHong Kong’s special status with US under threat after Pompeo warning. Yuan andHong Kong shares under pressure but optimism prevails el...

Caution sets in after Trump signals Hong Kong action

27 May 2020

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Send us a textDollar firms as Trump hints at end-of-week response against China over HongKong. But stocks mixed as US-China tensions fail to dent reco...

Recovery hopes pull stocks higher as US-China row put aside

26 May 2020

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Send us a textGrowth optimism drives equities higher as outlook brightens on lockdown easing. Dollar slips on risk-on mood, pound and aussie shine. Bu...

No panic but Hong Kong tensions keep markets on edge

25 May 2020

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Send us a textUS threatens sanctions on China over Hong Kong security bill as tensions simmer. But optimism from reopening of economies keeps risk ave...

Hong Kong leads global markets lower as tensions spike

22 May 2020

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Send us a textRisk aversion deepens as China announces new security laws in Hong Kong. Dollarand yen edge higher, global stocks sell off on fears of U...

Nasdaq charges higher, pound feels heat of negative rates

21 May 2020

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Send us a textStocks defy gravity: Nasdaq closes in on record highs. But markets more cautious on Thursday, after Trump’s twitter storm vs China. Po...

Stocks trapped in ‘no man’s land’, but yen slides

20 May 2020

Contributed by Lukas

Send us a textEquities pull back as vaccine doubts set in, still stuck in a range. Yetbroader FX market in a ‘risk on’ mood, yen bruised by BoJ ne...

Vaccine hopes power markets higher, can Powell add more fuel?

19 May 2020

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Send us a textVaccine headlines, Fed stimulus bets, and EU recovery package propel stocks higher. Yen, dollar and franc suffer as euro and commodity c...

Stocks and gold climb as Fed hopes overpower trade fears

18 May 2020

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Send us a textUS equities set to open higher, gold soars after Fed chief’s whatever it takes’ moment. But escalating US-China tensions & secon...

US-China tensions simmer but markets still betting on recovery

15 May 2020

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Send us a textTrump threatens to “cut off” relationship with China as row over virus spread escalates. But market fallout limited as hopes of reco...

Powell warns of lasting virus damage, empowers dollar but sinks stocks

14 May 2020

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Send us a textFed Chair Powell delivers bleak assessment of US economy but rules out negativerates. Dollar stands tall as Wall Street takes a dive, pu...

RBNZ flags negative rates, Powell expected to do opposite

13 May 2020

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Send us a textKiwi plunges after RBNZ signals negative rates are an option. But Fed’s Powell unlikely to embrace negative rates in upcoming speech. ...

Fed talks down negative rates, dollar likes it

12 May 2020

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Send us a textDollar jumps as Fed officials downplay prospect of negative rates in the US. Stocks slip as growing fears of second wave of infections w...

Dollar and stocks crawl higher but markets on alert amid virus spike

11 May 2020

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Send us a textDollar gains versus yen, stocks edge up as lockdown easing spurs bets of economic rebound. But fears of second virus wave keep risk app...

Stocks soar ahead of worst NFP ever on bets Fed will go negative

08 May 2020

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Send us a textUS nonfarm payrolls today will be a horror show, but will markets care?Stocks set for more gains on trade news and bets Fed will cut to ...

Yen smiles as stocks struggle for direction

07 May 2020

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Send us a textYen and dollar shine amid dire US and EU data, trade tensions, bankruptcy fears. Stocks close lower, but solid Chinese trade numbers lif...

German ultimatum sinks euro, yen capitalizes

06 May 2020

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Send us a textEuro crumbles after German courts challenge ECB stimulus. Outlook still bleak, this is the last thing the fragile Eurozone needs. Stocks...

Wall Street snaps back, but FX not convinced

05 May 2020

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Send us a textUS stocks bounce back on medical headlines, rising oil prices, tech strength. But FX market signals caution – yen and dollar hold stro...

Specter of trade war returns to haunt stocks

04 May 2020

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Send us a textUS stocks drop on Amazon earnings, fall further as US-China tensions flare up, finally discounting the long-term impact on consumption, ...

Stocks jump on virus drug hopes; Fed’s blank cheque pressures dollar

30 Apr 2020

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Send us a textGlobal stocks extend gains on potential treatment for coronavirus and dovish Fed. But Trump’s China blame-game caps gains. Powell sign...

Dollar edges down ahead of Fed; aussie’s bull run continues

29 Apr 2020

Contributed by Lukas

Send us a textDollar drifts lower in mostly risk-on mood ahead of Fed statement. Virus success powers aussie to 7-week high, euro perks up too. Oil st...

Oil plunges again despite lockdown exits; gold down too

28 Apr 2020

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Send us a textThreat of another crash in oil prices after biggest oil ETF dumps holdings in June contracts. But markets otherwise enjoying a rare calm...

Dollar slips as lockdown easing spurs risk-on; BoJ ramps up stimulus

27 Apr 2020

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Send us a textDollar pressured as euro, pound and aussie charge higher on possible relaxation of lockdowns. Stocks edge higher too but oil plunges aga...

Drug disappointment burns stocks; Euro crumbles

24 Apr 2020

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Send us a textEquities turn red after would-be miracle drug Remdesivir fails clinical trial. Euro dives as EU drags feet on recovery fund, disagrees o...

Trump threatens war with Iran, lifts oil

23 Apr 2020

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Send us a textTrump turns up the aggression with Iran and oil likes it. But it’s quite unlikely that this is a sustainable rebound. Euro suffers aft...

Oil carnage spreads to stocks

22 Apr 2020

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Send us a textOil price collapse continues, sending shivers through stock markets. Trump signalsbailouts for US producers, but paradoxically, that cou...

Oil trades negative as storage space runs out

21 Apr 2020

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Send us a textWTI oil price goes negative as physical storage space runs out. Loonie and other oil-sensitive currencies retreat. But little impact in ...

Dire US data send stocks spinning, dollar flying higher

16 Apr 2020

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Send us a textFears of global economic slump heightened after dreadful US data. Flight to safetyhammers stocks, lifts dollar. Talk of easing lockdowns...

Stocks under pressure amid growth jitters; dollar off lows

15 Apr 2020

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Send us a textUncertainty about growth outlook resurfaces after IMF warning, weighing on stocks. Dollar pulls higher as risk aversion sets in. US earn...

Stocks edge up as earnings get underway amid stabilizing virus cases

14 Apr 2020

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Send us a textStocks head higher as easing virus outbreak lifts mood. But risk of over-optimism as US earnings poised to unveil virus hit. Pound and a...

OPEC cuts, but oil and stocks don’t ‘buy it’

13 Apr 2020

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Send us a textOPEC+ agrees to an almost 10 million barrels per day supply cut. Oil opens higher, but surrenders most gains as compliance doubts set in...

Fed lifts stocks, sinks dollar, turbocharges gold

10 Apr 2020

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Send us a textFed goes ‘all in’ – unveils new $2.3 trillion lending program. Stocks climb, dollardrops, and gold goes into overdrive, but are ma...

Oil firms as OPEC hypes deal, stocks cheer

09 Apr 2020

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Send us a textHopes for a production-cut deal by OPEC today catapult oil higher. Deal will likely get done, yet any positive reaction in oil may be sh...

Euro rebound falters as EU rejects Eurobonds; stocks go nowhere

08 Apr 2020

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Send us a textEuro surrenders gains as EU fails to agree coordinated fiscal plan. Besides the euro, US stock futures also retreat on Eurobond disappoi...

Dollar retreats, equities squeeze higher as contagion slows

07 Apr 2020

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Send us a textUS stocks climb 7% on signs the pandemic has peaked in Europe, dollar and yen struggle. Talk of another multi-trillion US rescue package...

Signs of virus slowdown breathe life into markets

06 Apr 2020

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Send us a textStocks roar higher, yen stumbles as new infections plateau in Europe.Is this recovery sustainable though, or just another bear market re...

Oil seesaws on doubts about Saudi-Russia cuts; dollar firms ahead of NFP

03 Apr 2020

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Send us a textOil surges then dips as markets question Trump’s claim of a Russia-Saudi Arabia deal. Stocks turn lower as oil boost fades, services P...

Stock sell off eases, dollar pulls back as markets calm slightly

02 Apr 2020

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Send us a textVirus panic subsides slightly, lifting stocks, but markets remain jittery.Dollar retreats from highs but braces for another jump in US j...

Stocks buoyed by China PMIs; yen down on fiscal year-end positioning

31 Mar 2020

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Send us a textChinese PMIs unexpectedly turn positive in March, lifting stocks, butonly slightly. Signs of contagion slowing in Europe but uncertain o...

Dollar edges up, stocks muted in cautious start to week

30 Mar 2020

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Send us a textStocks steady somewhat after Friday’s dip. Dollar heads higher after worst week since 2009. Oil skids again; Brent hits a 17-year low ...

Stocks rally despite recessionary US data, is the bottom in?

27 Mar 2020

Contributed by Lukas

Send us a textUS jobless claims signal economy is in recession, but stocks gain ~6%. Is this the beginning of a new uptrend, or just a bear market ral...