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2021-02-22 18:30:59 Guess who has become the best performing G10 currency year-to-date?



Like a rampant bull, the Pound trampled its counterparts last week and even climbed above $1.40 for the first time in almost three years. With investors becoming increasingly optimistic over the UK’s rapid coronavirus vaccine rollouts and economic prospects, the outlook for Sterling remains bright.

It's just remarkable that a year ago the currency plunged to its lowest level in over three decades as the coronavirus menace crippled the UK economy. Since then, the Pound has derived strength from a massive... Read More (https://www.forextime.com/market-analysis/technical-outlook-gbpusd-finds-comfort-above-140) Open / Comment

2021-02-22 18:30:59 Open / Comment

2021-02-22 18:30:59 Technical Outlook: GBPUSD finds comfort above 1.40
https://www.forextime.com/market-analysis/technical-outlook-gbpusd-finds-comfort-above-140 Open / Comment

2021-02-22 06:54:05 The S&P 500 enters the new week on the back of its longest losing streak since December, having fallen 4 days on the trot. Markets are growing concerned about the risk of the Fed eventually pulling back its support as the US economy shows surer signs of recovery.

Amidst this conundrum, here are some key speeches and events that could influence global market sentiment this week:
 


Monday, 22 Feb: Treasury Secretary Janet Yellen speech
 
Tuesday, 23 Feb: Fed Chair Jerome Powell’s testimony (Senate); US consumer confidence
 
Wednesday, 24 Feb: Fed Chair... Read More (https://www.forextime.com/market-analysis/key-events-week-listen-out-yellen-powell-and-fed-officials) Open / Comment

2021-02-22 06:54:05 Open / Comment

2021-02-22 06:54:05 Key events this week: Listen out for Yellen, Powell, and Fed officials
https://www.forextime.com/market-analysis/key-events-week-listen-out-yellen-powell-and-fed-officials Open / Comment

2021-02-19 07:23:05 Global risk sentiment remains raw, as investors continue contending with this week’s surge in Treasury yields. US stock futures are pushing lower once more, following 3 consecutive days of losses for the S&P 500 and the Nasdaq. Asian equities are in the red at the time of writing.

Market participants are willing to bet that the swathes of fiscal and monetary support for the US economy will lead to bigger inflationary pressures.


Amid this Fed-fiscal fete, investors are trying to pre-empt when the central bank might ease up on its asset purchases, which could then pave the way for... Read More (https://www.forextime.com/market-analysis/stocks-continue-waning-amid-higher-yields) Open / Comment

2021-02-19 07:23:05 Open / Comment

2021-02-19 07:23:05 Stocks continue waning amid higher yields
https://www.forextime.com/market-analysis/stocks-continue-waning-amid-higher-yields Open / Comment

2021-02-18 15:50:23 US stock futures are pointing lower today with European markets in the red this morning. The Fed minutes gave risky assets some breathing space last night, striking a cautious tone with the FOMC unlikely to overreact to the upcoming spike in US inflation. But the rapid rise in bond yields and the fine line the Fed is now walking between a healing economy and its communication is giving investors, shall we say, a lot of food for thought.

There’s more important US data this afternoon, after the blowout stimulus-check fuelled retail sales numbers yesterday. The weekly jobless claims have... Read More (https://www.forextime.com/market-analysis/soft-global-risk-tone) Open / Comment