Intraday Trading

US equities surged higher on Monday with the S&P500 hitting new all-time highs intraday before pulling back towards the close. The G20 theme remains dominant with Washington and Beijing calling for a temporary truce to the trade wars.…
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The US dollar continued to maintain steady gains, rising for the third consecutive day. President Trump and China’s Xi are expected to meet during the G20 meeting in Osaka, Japan over the weekend. US Treasury Secretary, Steve Mnuchin…
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The US dollar continued to post declines on Monday. Economic data on the day was sparse with only the German Ifo data coming out. President Trump once again brought up the Fed, noting that the central bank should cut rates. Meanwhile,…
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The US dollar continued its descent as the index fell for three consecutive days. The declines came about amid the quadruple witching on Friday leading to some outflows in the USD. Economic data was mixed on the day as existing home…
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Following the FOMC meeting on Wednesday and the surprise comments from the ECB’s Draghi on cutting rates further, many other central banks have shifted course. The latest is the Bank of Japan. Overshadowed by other major themes, the Bank…
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Equity markets rose as the Federal Reserve Bank left interest rates unchanged. The central bank only tweaked its language noting that it was closely monitoring the developments in the markets. There was one dissenting vote against…
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After a quiet start to the week, the markets were treated to two major themes on Tuesday. Equities posted some gains after reports that President Trump will be meeting with Chinese Premier Xi on the sidelines of the G-20 summit. There is…
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The greenback firmed further on Friday closing in the green. The dollar was supported by retail sales data which beat estimates. Retail sales grew 0.5% in May, up from a revised 0.3% in the month before. Core retail sales advanced 0.5%…
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Risk aversion was back in the markets with the safe haven assets outperforming. The US dollar index was also seen rising on the day on Wednesday. Trade spats from Washington and Beijing lowered the prospects of any trade deals that could be…
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The US dollar index held strong on Wednesday amid a mixed sentiment in the market. The 10-year Treasury yields hit a fresh 20-month low while equity markets closed in the red. A number of narratives have kept the risk assets in check…
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