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New year trading schedule (Revision)

New Year Celebration Trading Schedule Changes We would like to inform you that the trading schedule will be subject to changes during the New Year Celebrations. The below trading instruments will be affected as follows: 31st Dec 1st Jan 2nd Jan FX Closes at 20:00 Closed Normal XAUUSD Closes at 20:00 Closed Normal XAGUSD Closes…

Stocks Adjust to Higher Yields

The headline story this week has been the downturn in global equity markets. The S&P500 has fallen about 6% this past week, the biggest five-day loss since February. A bond market rout was the cause then, and it was behind the move in recent days too, as equities re-price to reflect the higher yield environment.…

Dollar Turned into Consolidation Phase

Dollar’s late pull back last week suggested that it has turned into consolidation phase, after long-stretched rally. Retail sales, housing, regional Fed surveys and industrial production will be released from the US this week. But we don’t expect them to be too market moving. Instead, Eurozone data like German ZEW could move the greenback more.…

Yen Beat Dollar

Dollar ended last week broadly higher except versus the Japanese Yen. While economic data from the US were generally disappointing, they were not bad enough to alter Fed’s path of three rate hikes this year. Just that, the data didn’t add to the chance of the fourth hike in December. On the other hand, data…