May 2021 Market Wrap

Home > Monthly Market Updates > May 2021 Market Wrap

The US dollar weakness continued through May, on the back of Fed’s dovish stance on its monetary policy. GBP reached a three year high, boosted by traders’ bullish bet on UK’s economy recovery given the rapid pace of immunizations. On the back of higher oil prices, the USDCAD pair continued to slide for 14 months to touch April 2015’s low. Yen continued to lag as Japan’s recovery from the pandemic remain troubled. Precious metals benefited from the stubborn dollar and subdued treasury yields, with gold and silver prices shooting up since April. Last month’s heavy sell-off in cryptocurrencies has also prompted investors to rotate back to more traditional anti-fiat assets.

More Posts

trading robot

How Do Forex Trading Robots Work?

Compared to other investment instruments, forex trading has become widely popular in the past decade with lower barriers to entry and high potential returns on

day trading vs swing trading

Day Trading vs Swing Trading

Day trading and swing trading are two often confused terms representing two short-term strategies across different time periods. In this article, we will be comparing

day trade

A Beginner’s Guide to Day Trading

Day trading has recently seen emerging interest since the COVID-19 lockdowns due to its reputation for speedier returns. That said, its nuances and characteristics are