Market Commentaries

The main equity markets in the USA rose for the second day in series on Thursday to reach record highs in anticipation of the Pandemic Relief Bill finally getting approved. The USA is not experiencing any form of unified coronavirus lockdown, it varies state by state. But to all intents it’s business as usual in […]

The Federal Reserve left interest rates unchanged at 0-0.25% during their December policy meeting. Jerome Powell The Fed chair announced the central bank would continue to buy $120 billion of bonds each month until they observe improvements in the US employment and inflation data. The Fed believe the US economy will shrink less in 2020

Wall Street is now optimistic that the bipartisan Covid Relief Bill which would inject cash directly into the working and middle-class economy where it’s needed most will finally receive approval by Wednesday. Investors’ collective mood improved further after the Republican Senate leader, Mitch McConnell, congratulated Joe Biden on his election win, eventually drawing a line

USD came under pressure versus its main peers during Monday’s trading sessions, illustrated by the dollar index (DXY) trading down -0.29% on the day. At the same time, the leading US equity indices gave up their gains during the New York session as investors await a decision on the Pandemic Relief Bill. Investors are also

One of the significant macroeconomic issues currently dominating western markets looks as if it’s finally heading for a resolution while another appears set for a further extension. Pandemic Relief Bill will get agreed according to Democrats News emanating from USA news wires over the weekend suggested the Pandemic Relief Bill will be agreed in full

On Thursday, the ECB (European Central Bank) kept rates unchanged and agreed to increase the Pandemic Emergency Purchase Programme by an extra €500 billion to €1.85 trillion and extend it to the end of March 2022 to maintain liquidity and shore up the pandemic ravaged economy. The euro rose on the news while Germany’s DAX

The UK prime minister headed to Brussels on Wednesday to seek a last-minute deal from Europe as the Brexit clock ticks down. The UK continue to use the distraction of fishing rights and sovereignty as the stumbling blocks, and that pitch and deflection probably work on the readers of the low brow red-top newspapers in

Another trading day and both the SPX 500 and the NASDAQ printed record highs. The catalyst for the fresh peaks were the UK/Pfizer Covid vaccine roll-out and progress made on the approximate $1 trillion fiscal stimulus package the US Senate is looking to seal this week. At 9 pm UK time, the SPX traded up

Sterling fell by over 1% from last week’s two-year high to trade as low as $1.328 during Monday’s trading sessions, before trimming some losses to trade around $1.33 during the New York session. The currency pair GBP/USD traded in a wide range, breaching the third level of support to slump to a low not seen

During recent FXCC market commentaries and updates, we’ve discussed the significant collapse USD has experienced versus its peers. In recent weeks EUR/USD has reach highs not seen since May 2018, while in a correlated sell-off USD/CHF has slumped to levels last witnessed in January 2015. The fall in USD/CHF shouldn’t be overlooked or dismissed. We’re