The overall market is feeling some bullish momentum thanks to the USD weakness. This weakness is contributed to several factors, most importantly being the comments from Jerome Powell and his date on when QE tapering would begin. Of course, the most important factor for this week is the Non-Farm Payroll (NFP) as it will guide the next decision of the FED and could mean either more weakness of the USD or a sudden boost in positivity. With that said, let’s find out how the markets are doing on August 31st, 2021.
After Powell’s speech on Friday, in which he teased some tapering in their bond purchasing program as well as some increase in interest rates, markets are switching their focus from the speech and rhetoric to actual numbers in the form of NFP data. The US Non-Farm Payroll data, being released this Friday, will have a major impact on the market as whole as the FED is also waiting for some good news in the economy to warrant the increase in rates. With that said, let’s find out how the markets are doing on August 30th, 2021.
The market remains affected by several factors. The first being the COVID-19 woes and the fading optimism surrounding the vaccine, which has caused the risk-off mood to increase. Followed by the geopolitical tensions around Afghanistan and China, the risk-off mood grew even further. Lastly, the market is going to be focused on the Jackson Hole Symposium, which will most definitely interest investors as they key in on Jerome’s Powell speech in a couple of days. With that said, let’s find out how the markets are doing on August 25th, 2021.
The market is still being controlled by the COVID-10 woes. However, the current FDA acceptance of the Pfizer/BioNTech vaccine is giving the market an added boost in the optimism that we can beat this pandemic. However, the current geopolitical tensions in Afghanistan and China do just the opposite and push the overall market sentiment downwards. With these two opposing factors, investors are now turning the economic indicators and especially the Jackson Hole Symposium for impetus. With that said, let’s find out how the markets are doing on August 24th, 2021.
Markets are fully focused on the Jackson Hole Symposium. There had been fears of its cancellation due to the pandemic, but with the conference going virtual, it was a breath of fresh air. The instruments are still being affected by the USD, and any movements in the major currency is going to be reflected in other sections of the markets. With that said, let’s find out how the markets are doing on August 23rd, 2021.
The overall market has seen some increase in volatility, especially since it’s still digesting the latest news from the FOMC meeting minutes. The instruments are still under the influence of the USD, as any movement by the leading currency is directly translated into the other instruments. So, for the time being, that seems to be the case for the overall market and one can expect more volatility to come. With that said, let’s find out how the markets are doing on August 20th, 2021.
The entire market was waiting on the FOMC (Federal Open Market Committee) to release its minutes from the last meeting it had in July. The FOMC decided that there is a possibility that the ultra loose monetary policy they've been employing could be ending sooner than expected. This gave the USD a bigger boost than expected forcing many instruments to fall. However, this all depends on today’s Unemployment Claims figure from the US, a lower than expected figure could mean more bullishness for the USD and the FOMC carrying out its plan. With that said, let’s find out how the markets are doing on August 19th, 2021.
The overall market continues to take into consideration the increased woes of COVID, especially with how the Delta Variant is increasing the number of infections worldwide. The markets continue to digest this news as the economic calendar of the day is bound to make some waves. The FOMC (Federal Open Market Committee) will be releasing its minutes, as this will have a major impact on the price of the USD and hence, on all other instruments. With that said, let’s find out how the markets are doing on August 18th, 2021.
The overall market is reacting to the recent news surrounding Afghanistan, with Taliban invading Kabul. The news has made many people seriously worried about the fighting spilling out of the region and this has caused the risk appetite in the market to fall dramatically. Moreover, the markets are still reacting to the news relating to COVID infections around the world. With that said, let’s find out how the markets are doing on August 17th, 2021.
The market is experiencing some risk-off sentiment, which should be good for the USD, allowing it to increase its safe haven bet. However, the negativity coming from the US side is making things harder for the green currency. In turn, this has allowed instruments to rise significantly, and the EURUSD and Gold were the main benefactors, as they are currently consolidating the gains they made. Bitcoin, on the other hand, continues to find added bullish pressure to carry on with moving higher. With that said, let’s find out how the markets are doing on August 16th, 2021.
There seems to be some contradicting views in the market. On one hand, the USD is strong against the EUR, which is showing an increase in the Bearish momentum. On the other hand, Gold is showing that the bullish momentum is taking hold, as it aims to break above the current resistance level. This shows that the USD is not sure of the direction it needs to head in. Let’s forget about Bitcoin, which is also showing an increase in the bullish momentum, aiming to break above the $50,000. With that said, let’s find out how the markets are doing on August 13th, 2021.
The market was rather disappointed by the US CPI data, as they thought the figure was going to push the FED to increase interest rates much earlier than expected. However, that wasn’t the case, and the USD experienced some negativity during the US and Asian sessions. This has allowed the other instrument to rebound higher, as traders waited for some fresh impetus to trade the next leg. With that said, let’s find out how the markets are doing on August 12th, 2021.
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