Daily Market Analysis

US Open Preview– Dollar weakens ahead of US house data; European stocks strengthen

Posted on January 18, 2018 at 12:26 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index deviated below one-week highs reached earlier in the Asia session, edging down to 90.62 (+0.10%). Higher US Treasury yields and hopes on corporate tax repatriations contributed positively to the index’s performance earlier. Dollar/yen was flat at 111.24 (-0.03%) and dollar/swissie tumbled to 0.9592 (-0.64%). Euro/dollar stretched its uptrend to 1.2236 (+0.42%) and pound/dollar rose to 1.3874 (+0.36%), potentially due to the positive sentiment related to Brexit developments. Aussie/dollar [..]

European Open Preview – Loonie undecided after rate hike while dollar rebounds

Posted on January 18, 2018 at 8:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index continued to recover on Thursday, trading nearly 0.4% higher and extending the gains it posted on Wednesday on the back of rising US treasury yields. STOCKS: Asian markets were mixed. Japan’s Nikkei 225 and Topix indices fell by 0.4% and 0.7% respectively, while Hong Kong’s Hang Seng index was up 0.4%. In Europe, futures tracking the Euro Stoxx 50 are in positive territory, suggesting the index could open higher. Over [..]

US Open Preview – Dollar remains in green; Bank of Canada decision the session’s highlight

Posted on January 17, 2018 at 12:23 pm GMT

Here are the latest developments in global markets: FOREX: The US currency remained in the green versus a basket of currencies, while it is of note it managed to rebound after touching its lowest since December 2014 earlier on Wednesday. The dollar index was last up by 0.35% at 90.70. STOCKS: Most European bourses were in the red around midday on the back of updates on earnings that, for the most part, disappointed investors. The pan-European Stoxx 600 was marginally [..]

European Open Preview – Euro retreats after breaking above $1.23; Bank of Canada eyed

Posted on January 17, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar – as gauged relative to six other currencies – is on the rise after recording its lowest since late 2014 earlier on Wednesday. The euro retreated after climbing above $1.23. STOCKS: The Japanese Nikkei 225 and Topix indices lost 0.35% and 0.2% respectively after yesterday tracking multidecade highs. Hong Kong’s Hang Seng was little changed at decade high levels. Euro Stoxx 50 futures traded lower by 0.3% at 0727 [..]

US Open Preview – Dollar posts gains though still trades near lows; kiwi traders eye dairy auction

Posted on January 16, 2018 at 12:42 pm GMT

Here are the latest developments in global markets: FOREX: After considerable declines in the days that preceded, the dollar is in the green relative to other major currencies during today’s trading, though it managed to recover only a relatively small portion of earlier losses. The dollar index was 0.3% up at 90.73. On Monday it touched 90.46, its lowest since early 2015. The British currency experienced some losses following the release of UK inflation data. STOCKS: European bourses were broadly [..]

European Open Preview – Dollar in recovery mode; UK inflation in the spotlight

Posted on January 16, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar managed to recover a part of the previous days’ losses against a basket of currencies that saw it eventually fall to a three-year low during Monday’s trading. STOCKS: The Japanese Nikkei 225 and Topix indices added 1.0% and 0.55% to close at their highest since 1991. Hong Kong’s Hang Seng was up by 1.3%, trading at decade-high levels. Euro Stoxx 50 futures were flat at 0731 GMT, with Dow, [..]

US Open Preview – Euro flirts with $1.23; European stocks steady

Posted on January 15, 2018 at 12:25 pm GMT

Here are the latest developments in global markets: FOREX: Euro/dollar challenged the 1.23 key level, rising to fresh three-year highs during the early European session as investors were increasingly confident that the ECB would trim its balance sheet, while easing political uncertainties in Germany provided further support to the common currency. The dollar index extended its downtrend towards 90.44 (-0.56%), approaching three-year lows, while against the yen, the dollar dived to a four-month trough of 110.51 (-0.40%). The greenback’s weakness pushed the antipodean currencies ever higher, [..]

European Open Preview – Dollar remains on defensive; euro exceeds $1.22 on ECB tightening expectations

Posted on January 15, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The US currency was on its fourth straight day of declines, with the dollar index falling to its lowest in three years as other majors were boosted on hopes of policy normalization on behalf of their respective central banks. The Chinese currency recorded a two-year high versus the greenback as the PBOC altered its rate fixing to the dollar. STOCKS: The Japanese Nikkei 225 closed 0.3% higher even as the yen [..]

US Open Preview– Euro thrives on political relief; US CPI & retail sales awaited

Posted on January 12, 2018 at 12:43 pm GMT

Here are the latest developments in global markets: FOREX: Hopes that the ECB will step back from its monetary stimulus and bets that Germany will form a grand coalition government soon added further gains to the euro during early European trading hours. Merkel’s Conservatives and their former coalition partners Social Democrats agreed today on a blueprint to formally start coalition negotiations. Euro/dollar rallied to a three-year high of 1.2136 (+0.76%), euro/yen surged to 134.78 (+0.64%) and euro/pound remained flat at 0.8891. The dollar index [..]

European Open Preview – Euro jumps on ECB minutes; US CPI & retail sales on the horizon

Posted on January 12, 2018 at 8:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded marginally lower on Friday, extending the notable losses it posted on Thursday on the back of weaker-than-expected US producer price data and a stronger euro. STOCKS: Asian markets were mixed. Japan’s Nikkei 225 and Topix indices traded lower by 0.2% and 0.6% respectively, but Hong Kong’s Hang Seng index climbed 0.8%, trading at its highest since late 2007. In Europe, futures tracking the Euro Stoxx 50 were 0.3% up. [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms