Daily Market Analysis

European Open Preview – Pound celebrates potential Brexit delay; dollar retreats

Posted on February 27, 2019 at 9:12 am GMT

Sterling rejoices as PM May signals potential Brexit delay Dollar retreats as Powell seems cautious on domestic issues too Canadian inflation data coming up, with oil prices also crucial for loonie Pound explodes higher as May implicitly signals Brexit delay The British pound was the star performer on Tuesday, gaining ground across the board to touch a new 5-month high versus the dollar after PM May watered down her Brexit stance, opening the door for an extension of the exit [..]

European Open Preview – Trade rally eases as caution sets in; Powell testimony eyed

Posted on February 26, 2019 at 9:28 am GMT

Risk rally eases amid some caution on prospect of US-China trade deal Immediate focus to shift to Fed Chairman Jerome Powell’s congressional testimony Pound jumps as May considers taking no-deal Brexit off the table Oil slumps after Trump tells OPEC to “take it easy” on high oil prices Stocks pare gains; yen firms as trade rally fades Equities were on the backfoot on Tuesday and the safe-haven yen turned higher as some of the optimism around the expectations of a [..]

European Open Preview – Aussie and Chinese stocks lifted as Trump delays tariff deadline; dollar steady

Posted on February 25, 2019 at 9:10 am GMT

Trump extends March 1 deadline, citing “substantial progress” in trade talks with China Aussie and Chinese shares surge on the news but overall market reaction muted Pound inches higher on increased talk of Brexit delay US and China edge closer to a trade deal Financial markets got off to a positive start on Monday as traders were greeted with President Trump’s tweets that there was “substantial progress” in trade negotiations between the United States and China last week. Trump also [..]

European Open Preview – All eyes on Washington as trade talks wrap up

Posted on February 22, 2019 at 8:57 am GMT

Markets will focus on trade today, as another round of US-China talks wraps up Euro looks to Germany’s Ifo survey and remarks by ECB’s Draghi Meanwhile, antipodeans are mixed amid headlines out of China and the RBNZ All eyes on Washington as another round of trade talks concludes Global risk sentiment turned sour on Thursday, with European and American equity markets closing in the red, following a string of disappointing economic data out of both regions. Accordingly, the defensive Japanese [..]

European Open Preview – Dollar ticks up after Fed minutes; aussie sinks

Posted on February 21, 2019 at 9:12 am GMT

Dollar ticks up after Fed minutes keep possibility of rate hikes alive European PMIs and ECB minutes the highlights of today’s agenda Aussie torpedoed as Chinese port bans Australian coal imports High-level trade talks resume in Washington Dollar crawls higher as Fed minutes aren’t as dovish as expected The minutes of the January Fed meeting confirmed the central bank will stay sidelined for a while amid several uncertainties, particularly in the global outlook. There was also broad consensus to end [..]

European Open Preview – Dollar retreats ahead of Fed minutes; pound soars

Posted on February 20, 2019 at 8:49 am GMT

Greenback pulls back on expectations for ‘dovish’ Fed minutes today Pound outperforms, soars back above $1.30 without Brexit news Gold sails past 10-month highs amid a quiet flight to safety Dollar retreats as traders brace for ‘dovish’ Fed minutes The dollar gave up some early gains on Tuesday to close the session much lower overall against a basket of six major currencies, as US traders returned to their desks after a holiday. While this retreat started without a clear catalyst, [..]

European Open Preview – Markets quiet as trade talks resume

Posted on February 19, 2019 at 8:58 am GMT

Markets quiet as new round of trade talks kicks off Sterling unfazed as Labour MPs split, looks to UK jobs data today Yen ticks down after BoJ chief teases further easing Subdued market moves ahead of fresh negotiating round Stocks in Asia are mostly in the green on Tuesday, albeit only modestly so, while US markets remained closed on Monday for a public holiday. Moves in the FX market were equally subdued to kick off the week, with price action [..]

European Open Preview – Stocks & commodity currencies cheer trade progress

Posted on February 18, 2019 at 9:05 am GMT

Risk sentiment buoyed by signs of progress in US-China talks, though risk of auto tariffs casts shadow ECB’s Coeure sends the euro lower, but single currency bounces back US and Canada closed for today, attention may be on Brexit Stocks rally alongside commodity currencies amid trade “progress” Encouraging headlines around the US-China trade talks boosted global risk sentiment on Friday, following the conclusion of the high-level talks in Beijing. Both sides played up hopes for a deal, with President Trump [..]

European Open Preview – Dollar, stocks retreat as data and trade talks disappoint

Posted on February 15, 2019 at 8:57 am GMT

Dollar and equities pull back after US retail sales plummet and trade talks seem likely to disappoint Pound underperforms as PM May loses another Brexit vote Euro/dollar stabilizes somewhat, supported by rate differentials UK retail sales and early US data for February coming up today Dollar drops alongside stocks as retail sales plunge, trade optimism fades The dollar retreated in tandem with US equity markets yesterday, both giving back some of their recent gains, following disappointing US data and signs [..]

European Open Preview – Markets climb on trade euphoria; dollar rally revitalized

Posted on February 14, 2019 at 8:54 am GMT

Stock markets grind higher as trade hopes grow, but caution warranted Dollar bulls back in the driver’s seat as core inflation beats forecasts Aussie and kiwi outperforming on Chinese data; focus on trade talks Trade euphoria keeps markets afloat as talks commence, but mind the risks US stock markets continued their march higher yesterday, and futures suggest they are set to open in the green today as well, buoyed by optimism around trade after the US President indicated the talks [..]

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