Daily Market Commentary

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Tuesday June 22nd, 2021

The US$ strengthens, oil prices dip, equity & US yields are mixed ahead of the Fed Chairs testimony today. The key focus today will be the Fed Chair Powell’s prepared testimony before the House Select Subcommittee. The Fed Chair is expected to note economic improvement, rising inflation remain...
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Monday June 21st, 2021

The US$ dips, oil prices edge higher, equity markets strengthen, while US yields are mixed as global markets adjust to the new Fed outlook. The Fed will continue to dominate the markets with 16 Fed members speaking this week, including the Fed Chair testifying on Tuesday. Markets will be looking to ...
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Friday June 18th, 2021

The US$ stalls, oil prices extend weakness, equity markets are mixed while US yields dip as markets take stock after two days of volatility. The US$ boosted by the Fed’s shifts in tone on inflation and brings forward dates for raising interest rates sees the US$ heading for its best week in 9-mont...
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Thursday June 17th, 2021

The US$ continues its rally, oil prices hold steady, equity markets weaken while US yields are mixed after the Fed moves up its timeline for rate hikes. The Fed on Wednesday considerably raised its expectations for inflation in 2021 and brings forward the timeline to as soon as 2023 on when it will ...
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Wednesday June 16th, 2021

The US$ is steady, oil prices remain strong, equity markets are mixed, and US yields dip ahead of today’s key FOMC statement. The US$ holds below its one-month highs as markets consolidate ahead of the US Federal Reserve statement at 2pm est. The Fed is widely expected to acknowledge its policymak...
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Tuesday June 15th, 2021

The US$ rebounds, oil prices extend gains, equity markets are higher, while US yields dip as markets remain cautious ahead of the FOMC statement. The Fed uncertainty is fueling cautious US$ buying to fresh multi-week highs as traders await the FOMC statement on Wednesday. The Fed has maintained its ...
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Monday June 14, 2021

The US$ edges lower, oil prices rally, equity markets are higher, while US yields are mixed amid pre-Fed jitters. The US$ consolidates its gains after the greenback posted its biggest weekly rise in six-weeks as investors await the FOMC meeting (15th-16th June) that might signal a change in the out...
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Friday June 11th, 2021

The US$ & oil markets edge higher, equity markets are firmer while US yields ease as US inflation data is seen as transitory. US CPI beat expectations on Thursday, but economists see the inflation spike as temporary and is unlikely to affect any Fed policy change. Intraday focus shifts to the US...
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Thursday June 10th, 2021

The US$ & oil prices edge higher, equity markets are mixed, while US yields raise slightly ahead of the US key inflation data. Economists expect US CPI (ex food & energy) y/y to 3.5%, potentially its fastest annual pace in 28 years, while CPI y/y is expected to hit 4.7% which would be a 13 [...
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Wednesday June 9th, 2021

The US$ edges lower, oil holds firm, equity markets are mixed while US yields slip as markets consolidate ahead of Thursdays US CPI data. The US$ clings to recent gains as investors look to Thursday’s US inflation data and the ECB interest rate decision for direction. On Tuesday the US Administrat...
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