Monthly Archives: April 2021

Friday April 30th, 2021

US$ is higher, oil prices dip, equity markets are mixed and US yields edge higher as the US$ looks set for its 4th straight week of declines. The US$ has suffered from the Fed’s dovish tone and rejecting tapering down its bond-buying scheme. Thursday’s US GDP results points to robust growth...
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Thursday April 29th, 2021

Oil prices trade higher, equity markets are positive, US$ & US yields inches higher as markets focus on the US GDP & US Jobs data for direction today. The US$ hit fresh 9-week low after the Fed Chair reiterated that interest rates will remain “lower for longer” and that tapering monetary...
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Wednesday April 28th, 2021

US$ & US yields inch higher, oil prices are flat, and equity markets are positive ahead of the Fed meeting today. The Fed is not expected to make any policy changes this week, but the Fed Chair is expected to acknowledge the strengthening US economy. Many economists believe that this will be the...
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Tuesday April 27th, 2021

Equity markets are down, US$, oil prices and US yields are all inching higher as markets await the FOMC. Analysts expects the Fed to keep its status quo on Wednesday, believing that withdrawing monetary support for the US economy is premature. Keeping rates “lower for longer” will keep pressure ...
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Monday April 26th, 2021

The US$ dips, oil prices fall, US yields are higher, while equity markets are mixed as risk on mood returns. The US$ holds near 8-week lows, down 2.7% MTD as the US$ remains under pressure after the Feds “lower for longer” view on interest rates. The US$ remains on the backfoot as markets focus ...
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Friday April 23rd, 2021

Equity markets dip, Oil and US yields rise, US$ weakens amid covid concerns and speculation of a US capital gains tax. President Biden is expected to unveil his tax plan next week, with speculation that Capital Gains Tax may rise from 20% to 39.6%. President Biden’s tax plan is targeting US$1T in ...
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Thursday April 22nd, 2021

The US$ is flat, oil prices ease, equity markets and US yields are up amid surging global covid cases and US Jobs data. US initial jobless claims are expected to rise to 617K vs last week’s 576k strong result. Global coronavirus cases continue to hold at weekly record high levels of 925K average c...
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Wednesday April 21st, 2021

The US$ rebounds, oil prices weaken, equity markets are mixed and US yields inch higher as risk sentiment eases. Equity and oil prices remain under pressure following 2-days of declines amid concerns of rising global virus infections and the potential new variants will impact the pace of the world...
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Tuesday April 20th, 2021

The US$ dips to 7-week lows, Oil prices strengthen, equity markets weaken and US yields inch higher as risk sentiment returns. President Biden met a bipartisan group from congress on Monday as talks remain at an initial phase. The Administration wants to fund its US$2.25T plan via tax hikes, which i...
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Monday April 19th, 2021

The US$ weakens, oil prices tic lower, equity markets are mixed, US yields ease, and currency markets strengthen on upbeat market mood. The combination of strengthening US & Chinese economies, the Feds commitment to holding rates steady and falling US yields have boosted currency risk-on sentime...
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