FX

Equity markets continue to set new records as the Nasdaq plays catch up. Fundamentals are backing bulls as Fed doves dampen inflation concerns. Earnings week ahead will likely add more fuel to the fire. Stay up to speed with hot stocks’ news! Another week another record-shattering performance from US equities. All sectors remain strong but mega-cap

Previewing next key macroeconomic events from the US, TD Securities analysts said that Retail Sales likely surged in March (forecast: +8.5% m/m) following a plunge in February (-3.0%) and a surge in January (+7.6%). Key quotes “The volatility reflects the impact of severe weather in February as well as the disbursement of stimulus payments in January

In light of flash data for Natural Gas futures markets from CME Group, open interest decreased for the second session in a row on Thursday, this time by around 8.2K contracts. Volume, instead, resumed the uptrend and rose by around 64.2K contracts. Natural Gas stays supported around $2.40 Prices of Natural Gas keep flirting with

Gold hit its highest level in over a month in the upper-$1750s in recent trade. Dovish remarks from Fed Chair Powell have been weighing on yields and the dollar and supporting gold. Spot gold (XAU/USD) prices hit their highest levels in over a month of just north of the 18 March $1755 high in recent

Advanced figures from CME Group for Natural Gas futures markets showed open interest dropped by around 7.7K contracts after two consecutive daily builds on Wednesday. In the same line, volume shrunk by around 27.4K contracts following four builds in a row. Natural Gas now looks to $2.40/MMBtu Natural Gas prices posted decent gains on Wednesday

WTI has been choppy, dropping to $58.00 from session highs at $60.00, before rebounding sharply to $59.00. A bearish weekly EIA inventory report does not seem to have had a lasting impact on crude oil markets. Front-month WTI futures have been choppy in recent trade, dropping all the way to just above the $58.00 handle

In light of preliminary readings for Crude Oil futures markets from CME Group, open interest shrunk by around 7K contracts on Tuesday, adding to the previous drop. Volume, instead, partially reversed the previous sharp drop and went up by almost 18K contracts. WTI remains supported by $57.50 Prices of the West Texas Intermediate closed Tuesday’s

Spot silver continues to move higher as USD and US government bond yields continue to come under pressure. The precious metal is now eyeing a test of a key area of resistance around the $25.40 mark. Spot silver (XAG/USD) is heading towards a key area of resistance around the $25.40 mark. This area coincides with

Cable’s upside is seen gathering further traction in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “While we expected GBP to strengthen yesterday, we were of the view that ‘1.3900 is not expected to come into the picture’. However, GBP popped above 1.3900 during late NY session (high of 1.3913)

Spot gold prices have been choppy on Monday but have largely stuck within a $1720-$1730 range. USD weakness is supportive, but higher yields are capping the gains. Strong data which serves as further evidence of US economic outperformance may support USD going forward, which could hurt gold. Spot gold prices (XAU/USD) have been choppy on

USD/INR takes the bids near intraday top, rises for the third consecutive day. India’s daily covid cases jump to all-time high above 100K, infections in China also renew. Bulls reject upbeat S&P 500 Futures, weak US dollar amid quiet Asian session. US PMI data, covid updates become the key. USD/INR shrugs off US dollar weakness

What you need to know on Monday, April 5: Risk -on took over financial markets on Friday, as the US added 916K new jobs in March, while upwardly revised the January and February figures. Stocks markets were closed amid Good Friday, but DJIA and S&P futures surged to unexplored territory. US Treasury yields ticked higher,

EUR/USD regains downside traction near 1.1750. US Nonfarm Payrolls surprised to the upside in March. The US unemployment rate eased to 6.0% last month. The single currency trades on the defensive and motivates EUR/USD to shed some ground and revisit the mid-1.1700s on Good Friday. EUR/USD fails to re-test 1.1800 EUR/USD so far reverses two

USD/CAD continues to move up and down in a narrow band. Nonfarm Payrolls in US rose by 916,000 in March. US Dollar Index posts small daily gains on rising T-bond yields. The USD/CAD pair is trading in the positive territory in the early American session as rising US Treasury bond yields support the greenback. As

GBP/USD is posting modest daily losses on Friday. US Dollar Index holds above 93.00 after strong NFP data. 10-year US Treasury bond yield rebound following Thursday’s drop. The GBP/USD pair came under modest bearish pressure in the second half of the day and dropped to a session low of 1.3814. As of writing, the pair

“In the first two months of our administration, we have seen more jobs created than any in history,” US President Joe Biden said on Friday, as reported by Reuters. Additional takeaways “There is still a long way to go.” “New economic strategy deserves the credit for growth.” “By April 7, more than 130 million households

USD/CAD stands on slippery grounds after declining back below 100-SMA. Bearish MACD, sustained break of the key SMAs keep sellers hopeful. Immediate falling trend line, March top add to the upside barriers. USD/CAD takes offers around 1.2530, down 0.12% intraday, during early Friday. In doing so, the quote drops to the fresh low since March

Crude oil markets have been choppy in recent hours and have fallen back towards weekly lows. Sources indicate that OPEC+ will be gradually increasing output from May. But the softer USD and strength in stocks may keep WTI supported above $59.00. Crude oil markets have seen rollercoaster price action over the last few hours, with