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Geopolitical Events
NZDJPY – Kiwi Gathers Momentum Eyeing 77.88
NZDJPY- Daily NZDJPY- The Japanese Yen finally regained some ground against the US Dollar during this afternoon's London session but continues to display weakness against many of its counterparts. In particular, the NZDJPY and AUDJPY crosses remain technically bullish in the short-term. Looking at the NZDJPY daily trend, we see a validated bull...
Read MoreCrude Oil – Saudi Production Cuts Spark Rally
USOIL- Hourly USOIL- It's been an impressive start to the year for Crude Oil prices so far, with prices steadily rising to over $50 per barrel and returning to pre-pandemic levels. It would seem many underestimated such a speedy recovery. Still, with the general uptick in global commodity prices and a pledge from Saudi Arabia to cut production ...
Read MoreEURUSD – Goldman’s 1.28 Estimate Matches P&F Analysis
EURUSD- Point & Figure EURUSD- The overall weakness of the US Dollar continues to dominate much of the FX markets at this stage. Despite a slight uptick in USDJPY this afternoon, the longer-term picture is starting to suggest more of the same, particularly against a much stronger Euro. In September, Goldman Sachs mentioned a 12-month price ...
Read MoreEURJPY – Unearthing A Potential 2015 Target
EURJPY - Point & Figure EURJPY - At the start of the month, we witnessed a sizeable shift in sentiment towards the Euro, hiking up demand and resulting in a strong bullish rally. Since then, price action has behaved mostly sideways, but there are signs of bullish activity stemming from this initial move. In today's Chart of The Day, we're lo...
Read MoreOPEC and allies reach a compromise
By Deepta Bolaky @DeeptaGOMarkets The oil industry has remained pressurized by a supply glut and the ongoing uncertainty on the demand outlook with respect to the structural changes in the energy market and the pandemic. The recent vaccine updates and hopes that the pandemic may soon be under control, is providing support to a fundamentally batte...
Read MoreUS Elections: COVID-19, Policies and Markets
By Deepta Bolaky @DeeptaGOMarkets The Political Event of the Year 2020 The most-waited political event of the year is fast approaching: the US elections will take place on the 3rd of November. The nominees of the two main political parties - Republican and Democratic party are yet to be announced at the Presidential Nominating Convention. However...
Read MoreForex This Week: What to Expect
By Deepta Bolaky @DeeptaGOMarkets In the month of May, major currencies were stronger against the US dollar as risk sentiment improved and haven currencies like the US dollar, the Yen and Swiss franc have lost momentum. Commodity-linked currencies were among the best performers against the US dollar; lifted by higher commodity prices. Source: ...
Read MoreThe Reopening Experiment and Geopolitical Risks
By Deepta Bolaky @DeeptaGOMarkets The Grand Reopening Given the unprecedented nature of the Great Lockdown, the gradual reopening of economies are now being viewed as an experiment. World leaders are faced with tough decisions trying to manage unparalleled health and economic crisis and the differences of opinions over how, when and which busine...
Read MoreEURUSD: EU Recovery Plan and EU’s Frugal Four
By Deepta Bolaky @DeeptaGOMarket EU Recovery Fund After a standoff between the EU and Germany, following a critical ruling on ECB’s quantitative easing program by Germany’s constitutional court, the gradual reopening of economies of member states within the Eurozone has brought some optimism. The downside risks for the Eurozone and its shar...
Read MoreThe Lockdown, the Fallout and the Roadmap to Recovery
By Deepta Bolaky @DeeptaGOMarkets Global Lockdown In an abrupt and unprecedented manner, the world witnessed a mass halt to global activities due to the pandemic. Governments and central banks rushed in to intervene and support the global economy with unconventional measures to cushion the impact of the coronavirus on their economies and ease ma...
Read MoreA Summary of Major US Earnings Reports
By Deepta Bolaky @DeeptaGOMarkets A Summary of Major US Earnings Reports IBM, Netflix Inc, Snap AT&T, and Intel Corp were among the major large-cap corporations reporting earnings.Even though the pandemic is expected to portrait a dire outlook, earnings results are much awaited to gauge if large companies can muddle through the crisis and how...
Read MoreFirst Quarter: Crisis, Volatility, and Opportunities
By Deepta Bolaky @DeeptaGOMarkets The first quarter of 2020 was marred by unpredicted events that rattled the financial markets: Tensions between US and Iran; The extreme weather conditions across the globe as a result of climate change; The novel coronavirus; and An oil price war between Saudi Arabia, the oil kingdom, and Russia. A T...
Read MoreThe Perfect Storm Brewing in the Oil Market
By Deepta Bolaky @DeeptaGOMarkets The Perfect Storm Brewing in the Oil Market The oil and gas industry has been undergoing significant challenges due to the structural shift within the industry. A pandemic-induced economic downturn and an oil price war have now added another layer of uncertainty to the oil markets. Tensions between Saudi Arabia ...
Read MoreAn Action-Packed January
By Deepta Bolaky @DeeptaGOMarkets January was an action-packed month with market-moving economic and geopolitical events. Investors barely had time for a breather as the new developments were crucial in setting the tone for the rest of the year. Climate Change There were many expectations that 2020 which marks the start of a new decade will be...
Read More2019 in a Nutshell and the Transition to a New Decade
By Deepta Bolaky @DeeptaGOMarkets If we could describe the year 2019 in one word, we believe uncertainty says it all. The world entered 2019 with a high level of ambiguity and is poised to finish the year with the same extent of uncertainties. The Global Economic Policy Uncertainty Index which is a GDP-weighted average of national EPU indices fo...
Read MoreThe Loonie – Best Performing G10 Currencies
By Deepta Bolaky @DeeptaGOMarkets The Loonie Best Performing G10 Currencies After a tight campaign marred by scandals, Justin Trudeau secured another term as Prime Minister. Unlike a clear win in 2015, the Prime Minister did not pass the threshold of 170 seats and will lead a minority government. The governing party will be forced to depend on ...
Read MoreCritical Hours for Brexit
By Deepta Bolaky @DeeptaGOMarkets Critical Hours for Brexit As the clock ticks for Brexit, Brussels and London seem to be working harder than before on their differences for a last-minute Brexit deal. The headlines in the past 48 hours have renewed optimism that the UK and European Union may secure a deal. However, even though the negotiations a...
Read MoreOne Country, Two Systems
By Deepta Bolaky @DeeptaGOMarkets One Country, Two Systems The Hong Kong protests have reached a point where it is threatening the “one country, two systems” that exists between the special international financial hub and the mainland. It started with demonstrations against the extradition bill which later turned into a movement against the ...
Read MoreAugust – A Challenging Month for Markets
By Deepta Bolaky @DeeptaGOMarkets August – A Challenging Month for Markets A wave of volatility swamped the markets in August. Recession fears, yield curve inversion, and the big breach of the Yuan were the dominant headlines that alarmed investors throughout the month. Bearing the brunt of the tit-for-tat tariff hikes, the stock market saw mul...
Read MoreThe European Union Top Jobs
By Deepta Bolaky @DeeptaGOMarkets The European Union Top Jobs The European Central Bank (“ECB”) President The European leaders nominated Christine Lagarde, a French lawyer and a politician serving as Managing Director and Chairwoman of the International Monetary Fund ("IMF") as the ECB President. The ECB is responsible for the monetary polic...
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