“Dow Jones roiled up US equities market with its stellar performance, never been seen since 1976.” Dow Jones Industrial Average clings to its recent high as investors look forward for Federal Reserve’s interest rates decision later this week. The index gained more than 14% in October, its biggest gains since 1976 as Feds may not View more

“Euro in bid following ECB’s decision, supporting EURGBP from sinking into the oblivion.” Euro receives higher demand in the market, buoyed by interest rate decision from European Central Bank (ECB). Yesterday, ECB announced to raise interest rates by 0.75%, its biggest rate hike in more than a decade. At the same time, they also signaled View more

“Fed’s aggressive rate hike began to show its impact on US economy.” US dollar slipped, recording more than 1% loss against its peers’ as recent data shows signs of US economy slowing down. On Wednesday, sales of new homes dropped for the month of September while August’s reading was revised lower. The data shows effectiveness View more

“Greenback retaliates as sentiment remains bullish; gold price suffered.” Gold price remains under pressure on Tuesday as greenback stabilizes following prior session losses. While the commodity tries to stage a rebound, its recovery was short-lived. Market sentiment towards the commodity remains tepid due to positive expectation towards Federal Reserve in terms of policy tightening. Quick View more

“US dollar well in demand due to high expectations towards Federal Reserve in terms of policy setting.” Greenback continues to remain well in bid as Treasury yield push to a new high. The market is currently expecting the Federal Reserve to continue its aggressive policy tightening due to stubbornly high inflation. On the other hand, View more

“US dollar remains dominant as Fed feeds the market with new signs of hope.” Greenback stood tall against other major currencies, buoyed by hawkish comments from the Federal Reserve which sparked a change in sentiment within the market. Last Wednesday, Minneapolis Fed President Neel Kashkari commented that they could raise interest rates further if inflation View more

“Tesla share price slumped despite positive track, rising inflation to be blamed.” Equities in the US suffered form losses and Tesla was not spared although the company’s performance thus far is rather positive. Investors were concerned over rising inflation in US that may prompt Federal Reserve to raise interest rates further. This may eventually slowdown View more

“US inflation continues to appreciate despite policy tightening efforts, signaling prolonged tightening from Federal Reserve.” Market bulls steered the greenback higher, catalyzed by rising inflation in the United States. Both CPI and Core CPI for last month beats expectations, with market participants speculating a prolonged policy tightening from the Federal Reserve. Moreover, demoralizing sentiment towards View more

“US dollar inches higher as the market awaits US inflation data to gauge Federal Reserve’s rate hike tendency in the long-term.” Greenback remains well in bid, albeit trading cautiously while investors await the widely anticipated US inflation data. Looking ahead, market participants is expecting slight depreciation in inflation for last month, with reading of 0.2% View more

“As investors turn their heads to the Nonfarm Payrolls report, Euro was being offered extensively in the market.” Euro depreciates extensively, dragged by substantial rebound in greenback as investors waits for the release of Nonfarm Payrolls report. Earlier today, US Treasury 10 Year yield extends its previous day ascend after Fed official Neel Kashkari commented View more