• Two Factors Behind Dollar’s Strength You Need to Know

    The USD index is heading for a retest of three-year high at 103 level and currency markets may be rightly asking themselves a question about how overvalued the American currency is and is there fuel in the tanks to extend the rally.

  • Investors Eye Unemployment Claims as the key Proxy of Stress of the US economy

    Today we’ve seen relatively robust upward swing in oil as the market did not wait for negative news but were offered solid support thanks to a number of positive catalysts.

  • Here is the Reason not to Trust Current Production PMIs

    Asian PMIs in manufacturing sector collapsed in tandem in March, and only China manufacturing sector looked out of place with a sharp rebound.

  • Asian Data and Effective Lockdowns Spur Risk-taking in Stocks, Crimping Safe Heavens

    The growth rate of confirmed cases of Covid-19 in major dew3w2veloped countries (Eurozone economies, US) extended weeklong decline. Coupled with a bounce oil they fueled risk-taking in stock markets, causing more pressure on safe heavens, such as Yen, Gold, CHF.

  • Sudden PBOC Easing Tweak Puts the Specter of Debt Crisis into the Foreground

    The specter of the China debt crisis, which for some time dropped off market radar due to the shifting of the epicenter of Covid-19 outbreak outside the country, again reminded about itself after the central bank unexpectedly took stabilization measures.

  • Key economic events and reports of the upcoming week

    Monday, March 30, 2020Pending Home Sales (MoM) (Feb)(USD).

  • Indian CB Eases Repo Rates, Joins “Easing Club” as the Country Goes Into Lockdown

    The Central Bank of India reduced interest rates on Friday in order to combat the economic consequences of the rapidly spreading coronavirus which puts strains on the banking system of the country.

  • Narrowing Range in Oil Could Suggest Sweeping Move on the Cards

    Stock market euphoria, which is also expressed by a global dollar dump, does not resonate with crude oil: WTI trades in a narrowing range around the $23 mark, remaining unimpressed by the dollar weakness and rebound in risk assets.

  • Investors Eye US Unemployment Claims as the Extent of Covid-19 Shock Has Not Been Grasped Yet

    The US Dollar moved down on Thursday against majors, fueling demand for EM assets and partially reversing cash overweight in portfolios of market participants, which has been forming during the heightening of the epidemic.

  • What is Quantitative Easing? Busting Myths

    The purpose of this post is to bust some common myths about the essence of Quantitative Easing (QE).

  • Gold – Does History Repeat Itself?

    Gold price has extended buying momentum on Tuesday, developing the takeoff from $1,500 seen on Monday.

  • Is Inflation a Weak Spot in the “Unlimited Stimulus” Scheme?

    The head of St. Louis FRB, James Bullard, attempted to put an end to the issue of “behind the curve” Fed, saying that unemployment could jump up to 30% in the second quarter. This jump would be caused as the onset of infection prompts the government to deepen restrictions which have a destructive impact on the economy. Bullard sounded even gloomier than the industry doomsayers, saying that GDP could shrink by a half compared to the second quarter of 2019.

  • Key economic events and reports of the upcoming week

    Tuesday, March 24, 2020 – German Manufacturing PMI (Mar)(EUR), Manufacturing PMI (GBP), New Home Sales (Feb)(USD).

  • In a Surprising Move PBOC Leaves Interest Rate Unchanged 

    This week ended for Asian markets with a much-needed respite from the catastrophic losses they suffered for several days in a row. 

  • Bullish Correction in Stocks is Likely to be Unstable

    Stock and forex markets show increased appetite to risk today despite accelerating pace of growth of the number of confirmed Covid-19 cases (+27256 or 12.43%, highest on record), stock markets including EM are recovering thanks to stabilization measures of the European and US Central Banks. Concerns about the global dollar liquidity shortage has subsided a little bit.