Looking Back at 2021  As the sun rose in 2021, the world was still reeling from the effects of COVID-19. Markets were affected, people were under lockdown, many businesses were shutting down.  However, there was also hope on the horizon, that a new US president, and an impending vaccine roll-out, would lift the world out of...

Traders remain nervous ahead of this week's Federal Open Markets Committee (FOMC) meeting, leading to a decline in US yields, while stocks and oil have also dropped. The Federal Reserve (Fed) is widely expected to announce plans to quicken the tapering process as inflation continues to soar. Last week's data showed that the US inflation...

US equities fell sharply over the previous days, ending their immediate uptrend momentum. Is a more extensive correction is ahead of us, or will the dip be quickly bought? We shall see. During last week’s Powell presser, he said that the risk of persistingly higher inflation has clearly risen, and he thinks the (monetary) policy...

Friday's ultimate crash brought the West Texas Intermediate (WTI) benchmark from 78 USD to 68 USD as panic selling hit the markets, following news that a new COVID variant has emerged in South Africa. Stocks plunged, yields cratered, and oil collapsed. Monday saw some dip buying in most of the assets as US equities erased most of...

The White House and Joe Biden have, as expected, nominated Fed Chairman Powell for a second term as chairman of the Federal Reserve (Fed). Lael Brainard will be vice-chair of the Fed, taking the reins from Richard Clarida, the current vice-chairman, whose time on the board of governors is set to expire in January. Clarida...

Every trader's goal is to make as much money as possible in the financial markets. When they’re choosing which markets to trade in, traders will naturally ask themselves which markets present them with the best opportunity for profit.  Two of the most popular markets are stocks and currencies. The main difference between trading Forex and...

The greenback continued to outperform the euro on Monday, pushing the most-traded pair in the world, the EURUSD, below the 1.14 level for the first time since July 2020. Earlier on Monday, European Centra Bank (ECB) Governor Cristine Lagarde undermined the euro when she repeated that conditions for a rate hike are very unlikely to be met...

US equity indices advanced every day last week, rising for a fifth week for their longest rally in 14 months. Sentiment remained bullish on Monday, boosted by the latest news that Regeneron Pharmaceuticals announced a Phase 3 trial of its injectable monoclonal antibody cocktail, REGEN-COV, which effectively prevented people from becoming sick from COVID-19. The company said...

All eyes are still set on oil as the commodity continues to perform well, climbing above the 85 USD level on Monday, confirming the long-term bullish trend.  It is hard to believe that in April 2020, oil dropped below 0 USD as nobody wanted the commodity. Fast forward to today, the WTI benchmark is trading at levels...

The US dollar seems to be struggling recently, and the dollar index is down for four consecutive days on Monday. It looks like the recent bullish trend might be running out of steam. We can say the same thing about long US yields, as the 10-year Benchmark yield posted a bearish reversal candle on Monday. At...