The rates market thinks EUR/USD can get close to 1.20 – SocGen
Societe Generale Research sees a scope for EUR/USD to exceed its year-end target of 1.12. “Our end-2022 forecast for EUR/USD is 1.12, and we’re conscious that the currency is rising much faster than expected. If we could get our heads properly around the idea that the energy crisis is over despite the war in Ukraine […]
Current Market Trends – January 18
Click here to access our Economic Calendar Aldo W. Zapien. Market Analyst Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation […]
Intraday Market Analysis – USD still under pressure
USDJPY gives up gains The Japanese yen tumbled after the BoJ shattered hopes that it would wind down its stimulus policy. Still the dollar’s short-lived surge turned south at a previous demand zone around 131.50 which coincides with the 20-day moving average. This is a sign that the mood has remained cautious […]
Growing Through The Bear Market
At first glance, 2022 in crypto looks like nothing other than an outright catastrophe. We had the expected bear market grind, as predicted by Bitcoin’s four-year halving cycles, coupled with the domino-rally collapse of ecosystems and entities, from Terra/Luna to, most damagingly of all, FTX. With that in mind, anything that was able to demonstrate […]
Daily Market Outlook, January 19, 2023
Daily Market Outlook, January 19, 2023 Bad News Is Bad News After All…Investors responded negatively to a round of weak US data yesterday, the trifecta of retail sales, industrial production and producers prices data left the markets with heightened concerns of imminent recession looming for the world's largest economy, Asian investors followed suit with Wall Street’s […]
One data point at a time is the mode in the market
The market has an interesting way of making the dark moments darker and the bright moments brighter. A few days ago, the soft landing talk was everywhere and then suddenly the reversal yesterday highlighted the multitude of risks around a hard landing, crumbling margins and consumer spending stalling. Those worries have continued today with S&P […]
Midweek Market Overview: 18 January 2023
The Dollar finds support at the crucial 101.66 level, as investors eye US Retail sales and PPI data. Dollar The Dollar continues the week with a mild recovery as it finds support at the 101.66 level, as speculative bulls eye US Retail Sales and PPI data. This renewed buying interest comes as the DXY reaches […]
Market Update – January 19 – Stocks sink, USD rises after weak data & JPY bounces back
Weak data (Retail Sales & PPI) from the US added to recession worries – More Hawkish comments from a raft of FED speakers talking 5.25-5.5% terminal rates added to a safe haven bid for the USD, caused Stock markets to collapse (-1.24% to -1.81%) under key technical levels and speculators to back the YEN and […]
Retail Investors Confident Despite 2022 Bear Market
A majority of retail investors (69%) are feeling confident about their investment portfolio despite the prolonged bear market that troubled financial markets in 2022. This comes as more investors feel more relaxed about the perceived threat of inflation. Also, most retail investors (67%) feel positive or have mixed feelings about the downturn recorded last year. […]
Market Spotlight: Low Bar Set for Today's US PPI & Retail Sales
Key US Data Up NextToday sees a double whammy for US data with both December PPI and Retail Sales due. On the back of weaker-than-forecast US inflation, today’s data is drawing more attention-than-usual. USD has been in decline since those Dec CPI figures were released with traders now anticipating a further pivot from the Fed […]