Daily Market Analysis

European Open Preview – Dollar steadier after NFP miss but trade and Syria tensions weigh on sentiment

Posted on April 9, 2018 at 8:57 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was attempting a rebound on Monday, climbing back above the 107 level against the Japanese yen after twice coming under pressure on Friday. A smaller-than-expected increase in March nonfarm payrolls out of the US followed heated exchanges between the US and China on trade, causing the dollar to undo its prior day’s gains when it rose to 5-week highs. However, comments by US President Donald Trump over the [..]

US Open Preview – Dollar softer ahead of US jobs report; stocks tumble again as China-US trade row deepens

Posted on April 6, 2018 at 12:42 pm GMT

Here are the latest developments in global markets: FOREX: An escalation in the trade war between the United States and China, as well as investor caution ahead of today’s US jobs report led the US dollar to give up some of its earlier advance when it hit a 5-week high against a basket of currencies. The dollar index eased to 90.40 by mid-European session, while the greenback was flat versus the yen around 107.35. The euro managed to regain some [..]

European Open Preview – Markets shrug off latest trade tensions as dollar holds firm at 5-week high

Posted on April 6, 2018 at 9:29 am GMT

Here are the latest developments in global markets: FOREX: The US dollar came under fresh selling pressure yesterday after President Donald Trump stepped up the trade war with China and threatened additional tariffs on Chinese imports. The greenback briefly dipped below the key 107 level, having hit a 5-week high of 107.49 yen earlier in the day. Market participants chose instead to focus on the strong economic fundamentals of the US and global economy and the dollar quickly recovered, with [..]

US Open Preview – Dollar extends recovery on easing trade fears; European stocks advance

Posted on April 5, 2018 at 11:26 am GMT

FOREX: The US dollar rose by 0.20% to a two-week high of 107.14 against the Japanese yen on Thursday after a late recovery by US equities. Looking ahead, Friday’s non-farm payrolls report is still a major point of focus for traders. The US dollar index moved marginally higher, edging up to 90.15. Euro/dollar pared earlier losses which drove the pair to a two-week low of 1.2248. The single currency, which is currently challenging its medium-term ascending trend line, may have to wait until the release of the NFP report to [..]

European Open Preview – Markets recover on hopes for trade negotiations; UK services PMI and US trade data due

Posted on April 5, 2018 at 7:40 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded 0.1% higher on Thursday. Against the yen, the dollar was up nearly 0.25% as concerns of an imminent trade war subsided, diverting flows out of the Japanese currency, which is considered a safe-haven asset. STOCKS: US markets closed higher yesterday, managing to recoup earlier losses following comments from US National Economic Advisor Larry Kudlow that helped to calm the nerves of investors worried about a potential trade [..]

US Open Preview – Yen rallies as China unleashes new tariffs on US

Posted on April 4, 2018 at 10:56 am GMT

FOREX: The US dollar index – which measures the greenback’s performance against six major currencies – dipped by 0.17% on Wednesday and safe-havens jumped once again after China took further trade retaliatory measures against the US today, imposing a 25% import tariff on key US products. Dollar/yen dropped to a session low of 105.98 before it inched up to 106.09, losing 0.43% on the day. Euro/dollar was trading higher by 0.08% during today’s European session and was last seen slightly below the 1.2300 psychological [..]

European Open Preview – Risk appetite recovers despite US tariff news; eurozone inflation in focus

Posted on April 4, 2018 at 7:37 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, consolidating after it posted some notable gains yesterday amid a recovery in risk sentiment and a surge in longer-dated US Treasury yields. Kiwi/dollar was among the prime winners today, gaining 0.35%. The loonie surged yesterday as well, on the back of optimism that a NAFTA deal may be reached soon. STOCKS: US markets recovered sharply, helped by a combination of diminishing risks surrounding [..]

US Open Preview – European stocks tumble, dollar stalls as trade worries persist

Posted on April 3, 2018 at 11:17 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against the Japanese yen by 0.24% after three days of declines. However, the dollar index – which measures the greenback’s performance against six major currencies – fell by 0.10% on Tuesday, and is currently hovering just below the 90.00 handle. Euro/dollar was trading higher by 0.11% during today’s European session, standing marginally above the 1.2300 psychological level. Sterling advanced by 0.17% versus the greenback, hovering around its [..]

European Open Preview – Safe havens shine brightly, equities extend losses as China “strikes back”

Posted on April 3, 2018 at 8:07 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded 0.1% lower against a basket of six major currencies on Tuesday. Yesterday, the major mover was the Japanese yen, which surged on safe-haven demand, as trade concerns remained at the forefront. The Canadian dollar also gained amid speculation that the NAFTA talks could bear fruit soon. STOCKS: US markets sank once more yesterday, beginning the new quarter on the back foot as worries over protectionism and the [..]

US Open Preview – Dollar inches down as trade woes linger; US data & RBA decision eyed

Posted on April 2, 2018 at 11:22 am GMT

Here are the latest developments in global markets: FOREX: The US dollar held steady versus the Japanese yen today (+0.04%), taking a breather after last week’s rally. The US dollar index fell by 0.28% though, currently hovering just below the 90.00 handle. Traders are awaiting the US labor market data on Friday, which are expected to show a drop in the unemployment rate to its lowest level since 2000. Moreover, investors will keep their focus on any news regarding trade and protectionism, [..]

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