US$ advance slows, oil prices hold steady while equity markets weaken as risk-off sentiment builds. The prospect of a smaller-delayed US stimulus bill alongside vaccine shortages is evaporating investor optimism for a quick global economic recovery. The shortfall in vaccines in now at centre stage f...

The US$ edges stronger as risk sentiment eases ahead of the FOMC and concerns mount over US stimulus. Treasury yields dipped overnight ahead of the FOMC meeting and amid concerns of the eventual size of the and timing for further US stimulus. The FOMC will wrap up its meeting today and we could see ...

Risk-on sentiment stalls with the prospect of US stimulus dilution or delays allowing safe haven US$ to gain ground. President Biden said he is “Open to reshaping the relief plan” signaling that his administration may be willing to make concessions on the US$1.9T stimulus proposal. Senate Yellen...

Oil prices up, US$ steady, European equity markets dip as US lawmakers focus on covid relief stimulus. President Biden is trying to head-off Republican concerns that his US$1.9T relief proposal as some lawmakers pushed for a smaller plan targeting vaccine distribution. Rep Mitt Romney said he would ...

Rising covid cases and vaccination challenges saw equity, oil and currency markets come under selling pressure. The handling of the global pandemic and national vaccination strategies is now key for investors. The US President will speak later today and will likely discuss the US economy, stimulus a...

Global equity markets rally while US$ safe haven weakens as risk-on sentiment prevails. Investor confidence is growing from US stimulus optimism and the expansion of vaccination strategies. Markets remain confident that President Biden will deliver on his US$1.9T pandemic relief stimulus. Globa...

The US$ holds steady after two days of weakness ahead of today’s inauguration. The US Treasury Secretary nominee Janet Yellen’s opening statement before the senate gave markets confidence and boosted risk-on sentiment. The key points Yellen raised were a need to act now with more stimulus but to...

The US dollar drops as investors prepare for the US Treasury Secretary nominee Janet Yellen confirmation speech. The US Treasury Secretary nominee Yellen is expected to highlight the need for major stimulus and her comments are expected to boost risk-on sentiment. Tensions remain high and investors ...

The US$ holds steady as risk-off sentiment continues as tensions remain high ahead of the US President-elect Bidens inauguration on Wednesday. The US markets are closed today for Martin Luther King day. Goldman boosts US economic outlook projections from 6.4% to 6.6% and expect the unemployment rate...

Equity and oil prices ease and US$ strengthens as risk-off sentiment returns. President Elect Biden rolled out his US$1.9 trillion stimulus plan which will have its challenges as it will require bipartisan support to pass. The Fed reserve chair said that “now is not the time” to be talking about...