Pound and Euro are having their own pound of flesh off Canadian dollar

Dollar’s broad-based selloff continues in Asian session today. There are increasing concerns that momentum of US economic recovery is starting to falter. The pessimism is somewhat reflected in persistent decline in treasury yields too. Though, Canadian Dollar is even worse as pressured by sharp decline in oil prices. Euro and Sterling continue to stay strong […]


COVID-19 Threat is Real

COVID 19 threat is real. Key Economic Events Country US The risks to outlook have grown and the Fed may be ready to do more.  After an unexpected rise in jobless claims and as US coronavirus cases continue to spread across the Sunbelt, concerns are growing that the economic recovery is stalling.  The Fed may […]

forex-trading on phone Nigeria

A peep into the banks’ earning book

No Shortage of Event Risk This week sees earnings season get underway in the US, with the major banks all reporting on the second quarter and offering insight – if they have any – into the rest of the year. Geopolitical risk remains heightened, with China and Hong Kong remaining at the centre of the […]

forex-trading on phone Nigeria

Dollar Strength Uncertainty

Dollar strength uncertainty, china still drilling the spec. The US dollar posts modest gains overnight The US dollar continues its dance in both directions, as the global stock markets are also looking for firmer footing. Will the greenback continue to show a lack of a trend in the Friday session? Having teased markets earlier this […]

forex-trading on phone Nigeria


The global stock market rally seem capped as coronavirus cases reaccelerate for a third week and economic uncertainty as several countries reinstate stricter restrictions. S&P futures are struggling to recapture pre-pandemic levels as the pace of the recovery seems like it will be much slower. Everyone loves the Nasdaq, mega-cap tech stocks are still the […]

forex-trading on phone Nigeria

Could this bullish Monday be sustained ?

US futures and European equities are off to a solid start following trading exuberance in China, improving economic data, and hopes for renewed stimulus efforts. Treasury yields continue to climb higher as dollar and safe-haven currencies slide following a broad risk-on rally.Global equities are also getting a boost from a mass exodus from money markets, […]

forex-trading on phone Nigeria

Oil Slightly Higher

THE COMMODITY MARKET STOOD FIRM Oil rises slightly in the Asia session With the US closed on Friday, Asian markets had precious little direction to start the week. Like currency markets, oil traders are reluctant to jump all in on the recovery momentum displayed by equity markets today. Oil prices seem evenly balanced between opposing […]

bitcoin chart

Market Update 3rd July 2020

POST NFP REPORT Solid jobs report and relentless reopening optimism drive stocks and oil higher, gold whipsawed. The US economy continues to head in the right direction. Financial markets are heading into a long weekend on a high note after a blockbuster jobs report showed 4.8 million jobs were created, the most since records began […]

GBP/JPY outlook

Could YEN bull be back?

The overall markets remain rather mixed so far. Rebound in US stocks overnight didn’t carry forward to Asian session. Nikkei is weighed down by poor Tankan survey data. Dollar’s rally attempt was somewhat knocked down by uptrend resumption in Gold. Recovery in oil prices also dragged down the greenback and lifted Canadian. Focus will now […]