“Spotlight shined on greenback again as Fed hinted further rate hikes.” Attention shifted back towards the greenback as investors digest latest signal from the Federal Reserve. Yesterday, Atlanta Fed President Raphael Bostic commented that US policy tightening cycle is still in its early stages. In addition, with Organization of Petroleum Exporting Countries speculated to cut View more

“Gold price rose to its highest level in three weeks, buoyed by slacking dollar-bulls and downbeat data.” Greenback suffered a major loss for the week as recent economic data shows signs of diminishing labor market. Nonetheless, Fed officials came in to quell the market after Mary Daly commented that “there is still a lot of View more

“Greenback towed away by bears, leaving the way for euro’s brief ascension.” Euro resumes its recovery from lower boundary as greenback experienced intense sell-off towards fresh weekly low. Investors began to layoff some of their greenback holdings after ISM Manufacturing PMI came in lower than expected. This may show the after-effects of Fed raising interest View more

“Tesla latest earnings report posts significant growth albeit lower than consensus.” Tesla share price nosedived last week following the release of quarterly earnings report which worries investors. The Texas-based electric vehicle maker delivered 343,830 units in third quarter, which translates to 42% of growth. However, the company missed forecast of 359,000 units, which Tesla places View more

“Greenback took a breather as investors begin to cash in their profit while waiting for next market mover in the near future.” Greenback lost its bullish trajectory as investors continues to cash in their profits while waiting for upcoming data from the region. The currency suffered from slight loss as GDP contracts for the second View more

“Promising inventories data raised investor’s sentiment, “temporarily”.” Oil prices stages a rebound from the downside as latest US inventories data shows a decline, sparking bulls to re-enter their position into the commodity. Latest report shows a significant drawdown as recent hurricane which ravage through Gulf of Mexico causes disruption in oil rig operations. Nonetheless, investors View more

“S&P500 spells trouble as optimism towards Fed aggressive mode hurts sentiment towards US equities.” S&P500 plunge to its lowest level in almost two years as investors worry that a super aggressive Fed in tightening monetary policy may jeopardize business earnings and growth. Equities in US came under pressure since last two months after several Fed View more

“Greenback retraced slightly, but for how long?” Most non-US currencies took a breather as dollar-bulls paused its rally below 20-years high. Nonetheless, market expectations towards Federal Reserve remains optimistic as the central bank is expected to raise interest rates further. Moreover, rising concern over global recession has prop up the greenback due to its nature View more

“Gold price lost its footing as market prefers greenback due to hawkish tilt from Federal Reserve.” Safe-haven bullion loses its footing last week, tumbling down to 29 months low as the market shifts its limelight towards the greenback. Last Friday, Federal Reserve Chairman Jerome Powell reiterated that they are committed to “use their tools”. Following View more

“AUDUSD punished as market sentiment is geared towards the greenback following Fed’s policy meeting.” Australian dollar suffered losses despite slight improvement in both manufacturing and services sector. For the past week, greenback garnered higher bids across the board as the market expects more interest rates hike from the Federal Reserve. Nonetheless, investors will place their View more