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Category Archives: Market Insights

Asian Equities Rise On China Stimulus Package

Written on June 7, 2023 at 6:00 am, by

Additionally, a planned visit by the US Secretary of State has boosted indices like the HSI The Chinese government introduced an economic stimulus package, including lowering their deposit rate as soon as mid-June. Meanwhile, the U.S. Secretary of State has planned to visit China, which may improve the bilateral relationship between the 2 nations. RegionalContinue Reading

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Dollar Hammered By Weak PMI Data

Written on June 6, 2023 at 5:56 am, by

The dollar’s value experienced a decline, falling below $104 following the release of disappointing U.S. service PMI data. The reading dropped from 51.9 to 50.3, prompting the market to reconsider the possibility of the Federal Reserve pausing its interest rate hike in June. Investors are currently awaiting the announcement from the Reserve Bank of AustraliaContinue Reading

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US Federal Reserve Signals June Hike Skip

Written on June 5, 2023 at 8:37 am, by

Focus has shifted from the US debt ceiling back to macro data and the Fed’s benchmark interest rate The dollar experienced its largest daily decline in almost a month as U.S. manufacturing data and statements from Federal Reserve officials reinforced expectations of a potential interest rate hike delay. Meanwhile, the euro rebounded from a two-monthContinue Reading

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Dollar Surges on Impressive NFP and Debt Ceiling Resolution

Written on June 5, 2023 at 6:08 am, by

Markets are now risk-on after the US Nonfarm Payrolls reported a much higher-than-expected increase in jobs. In response to impressive non-farm payroll figures, the US Dollar surged, buoyed by renewed market optimism surrounding the US economic progression. NFP in May saw a remarkable increase of 330,000 jobs, surpassing expectations and outpacing the previous reading. Additionally,Continue Reading

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Is The Fed Skipping The June Rate Hike?

Written on June 2, 2023 at 6:05 am, by

Over 70% of punters are now betting on a hike pause at the upcoming FOMC meeting The focus of attention is currently directed towards the U.S. Senate, where the passage of the debt limit is being closely observed. Concurrently, senators are engaged in debates concerning 11 amendments to the bill. The value of the dollarContinue Reading

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All Eyes On U.S. Senate For Debt Ceiling Conclusion

Written on June 1, 2023 at 9:25 am, by

The Week Ahead: Week of 5 June (GMT+3) Monday, 5 June, 11:30 – UK Composite PMI (May) Rating agency Moody has warned that the UK is set for a mild recession, given the high inflation and borrowing costs. Inflation in the country is the highest among F7 countries, with an increase of 8.7% in April.Continue Reading

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Debt Limit Bill Vote Passes The House

Written on June 1, 2023 at 5:57 am, by

A Bipartisan Agreement To Suspend The Debt Ceiling Is Now Awaiting Approval From The U.S. Senate The House of Representatives has successfully passed a debt ceiling deal to prevent a potentially catastrophic event. However, the process is not yet complete as the bill now awaits approval from the Senate, where not all senators are satisfiedContinue Reading

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Debt-Limit Bill Clears 1st Hurdle

Written on May 31, 2023 at 6:00 am, by

Uncertainty Remains In The Markets As Both Political Parties In The U.S. Continue With Their Discourse Around The Debt Ceiling Issue The bill regarding the U.S. debt limit has successfully cleared its first obstacle at the House Rules Committee, but it now faces another challenge in Congress. Ahead of the bill’s debate in the House,Continue Reading

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Optimism Ignites Asian Markets As Debt Ceiling Deal Sparks Risk Appetite

Written on May 30, 2023 at 6:02 am, by

Market participants are now eagerly waiting for the conclusion of a debt ceiling deal in congress Global markets experienced a mixed landscape as Western holidays provided a sense of calm for dollar-related currencies. In contrast, Asian markets saw a surge in positive sentiment, driving the Nikkei index to its highest level in over three decades.Continue Reading

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Dollar Soars On Optimistic Debt Ceiling Deal

Written on May 29, 2023 at 5:51 am, by

Markets Risk-on After Positive U.S. debt Ceiling Deal Boosted The Dollar The US Dollar continued its impressive rally, buoyed by the optimistic prospects of a tentative debt ceiling deal between President Joe Biden and top Republican Kevin McCarthy. The deal aims to avert a potentially catastrophic default, boosting investor sentiment. Concurrently, the US equity marketContinue Reading

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