Daily Market Analysis

European Open Preview – Risk trades supported as geopolitical concerns fade; US retail sales in the spotlight

Posted on April 16, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded lower on Monday, but by less than 0.1%, showing little response to the US military strike on Syria over the weekend. STOCKS: US markets closed lower on Friday, though they appear set for a recovery today. The Dow Jones and the Nasdaq Composite both fell by 0.5%, while the S&P 500 shed 0.3% of its value. That said, futures tracking the Dow, S&P, and Nasdaq 100 are currently pointing [..]

US Open Preview – Risk appetite resumes; oil at fresh three-year highs

Posted on April 13, 2018 at 11:37 am GMT

Here are the latest developments in global markets: FOREX: While war and trade risks have not fully faded, Trump’s tweets on Thursday showed that the US president is considering to rejoin the Trans-Pacific free trade partnership, which he pulled out in his first months in the role. His remarks also indicated that he wanted to avoid tit-for-tat tariffs with China. In the wake of the comments, investors turned focus to riskier investments, sending safe havens lower, with dollar/yen crawling up to [..]

European Open Preview – Markets turn optimistic as risks moderate; U of M consumer sentiment survey eyed in US

Posted on April 13, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded higher on Friday, but by less than 0.1%, extending the gains it posted yesterday as geopolitical and trade risks moderated, and the yields on longer-term US Treasuries surged. The yen traded 0.2% lower against both the euro and the dollar, as the risk-on environment curtailed demand for the safe haven Japanese currency. STOCKS: US markets closed higher, boosted by signals that the situation in Syria may not [..]

US Open Preview – Dollar sees some gains as Kremlin calms war tensions; ECB meeting minutes next

Posted on April 12, 2018 at 11:04 am GMT

Here are the latest developments in global markets: FOREX: An exchange of war words between the two nuclear-armed powers, the US and Russia yesterday regarding strikes in Syria continued to weigh on the dollar during early European afternoon despite the FOMC minutes from the March meeting embracing a positive outlook on the economy. Still, comments by the Kremlin today, supporting that further tensions in Syria should be avoided, eased somewhat the risk-off sentiment. The dollar index rose to 89.77 but [..]

European Open Preview – Geopolitical concerns creep into markets; ECB minutes eyed

Posted on April 12, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded practically unchanged on Thursday, with the currency unable to draw much support from the hawkish signals in the FOMC minutes, amid escalating tensions in the Middle East pushing US Treasury yields lower. STOCKS: US markets closed lower yesterday, weighed on both by the optimistic tone of the FOMC minutes and rising geopolitical tensions, with the US-Russia standoff over Syria dominating headlines. The Dow Jones led the [..]

US Open Preview – Dollar faces headwinds as geopolitical risks weigh; FOMC minutes & US CPI figures in focus

Posted on April 11, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: While trade concerns seemed to ease following an encouraging speech by the Chinese President yesterday, who promised to improve the business environment for foreign companies, a pledge later outlined in more detail by the People’s Bank of China Governor, geopolitical fears appeared in the horizon. Particularly investors turned cautious after Western countries including the US and France were considering taking military action against Syria’s government in response to last week’s chemical attack [..]

European Open Preview – Abating trade woes support risk; dollar eyes FOMC minutes & CPIs

Posted on April 11, 2018 at 7:57 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded nearly 0.1% lower on Wednesday, touching a fresh 2-week low ahead of the release of US CPI data and the minutes from the latest FOMC meeting. Both the euro and the pound gained yesterday, amid hawkish remarks from ECB and BoE officials respectively. Commodity currencies such as the aussie, kiwi, and loonie, were all a touch softer today, giving back some of the notable gains they posted [..]

US Open Preview – Pound hits two-week highs; European stocks gain as risk-on appetite returns

Posted on April 10, 2018 at 11:48 am GMT

Here are the latest developments in global markets: FOREX: Investors continued to digest encouraging comments by the Chinese President, Xi Jinping, during the early European afternoon, driving the Chinese-linked currencies such as the kiwi and the aussie even higher. The gains appeared after Xi backed free trade and pledged to limit import tariffs, while his remarks also somewhat eased concerns over a yuan devaluation. However, a report by Bloomberg today, saying that US-China talks regarding the high-tech industry stalled last [..]

European Open Preview – Risk sentiment boosted by Xi’s speech; US PPI due

Posted on April 10, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which tracks the greenback’s performance against a basket of six major currencies, was practically unchanged on Tuesday. Against the yen, the dollar was nearly 0.4% higher though, after some comments from Chinese President Xi Jinping boosted risk appetite, curbing demand for the safe-haven Japanese currency. STOCKS: US markets managed to close higher on Monday, but importantly, the major benchmarks gave back most of their earlier gains a few hours [..]

US Open Preview – Stocks rebound eases after China devaluation talk but dollar edges up

Posted on April 9, 2018 at 12:07 pm GMT

Here are the latest developments in global markets: FOREX: Trade tensions continued to dominate the market theme as the US open approached. A tweet by President Trump on Sunday raised hopes that China and the US would be able to negotiate a solution to the trade spat and went some way in lifting risk appetite in Asian trading on Monday. However, a report by Bloomberg that China is considering a gradual depreciation of the yuan knocked back risk appetite and [..]

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