EURUSD

Eurozone’s inflation prints due as EU summit casts shadow – Forex News Preview

Posted on June 28, 2018 at 9:26 am GMT

The Eurozone will see the release of its preliminary inflation data for June on Friday, at 0900 GMT. Forecasts point to another slight acceleration in prices pressures, which although may be energy-driven would still enhance the narrative that inflation is moving in the desired direction, potentially helping the euro recover some of its recent losses. Besides the data, the outcome of the EU summit could also prove crucial for the common currency’s fortunes. The common European currency stabilized somewhat in [..]

European Open Preview – Dollar races higher; EU Summit to prove crucial for Merkel’s government

Posted on June 28, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is roughly 0.1% higher on Thursday, extending its gains from the previous session and trading just below an eleven-month high. Meanwhile, both the euro and sterling are on the defensive. The kiwi came under renewed selling interest after the RBNZ kept the option of a rate cut on the table. STOCKS: US markets closed lower on Wednesday, giving back earlier gains. The drop came after White House [..]

EU leaders meet with Merkel’s political future hanging in the balance – Forex News Preview

Posted on June 27, 2018 at 3:20 pm GMT

Although typically not a major market mover, this week’s EU summit promises to deliver several headlines that could well impact financial markets. Multiple subjects including migration, Brexit, and trade are on the agenda, with the fate of German Chancellor Merkel’s coalition government seemingly hanging in the balance of whether an immigration deal can be reached. Beyond these, any proposals from Italy’s new government will be scrutinized following the recent turmoil. EU leaders will face a tough balancing act when they [..]

US Open Preview – Dollar bounces up on trade relief news; kiwi holds onto losses ahead of RBNZ rate decision

Posted on June 27, 2018 at 12:19 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen managed to recover earlier losses to climb back to 110.14 (+0.08%) as a US official messaged on Wednesday that Washington will not use stricter trade frictions against China but monitor Chinese investments through an existing national security review system. The dollar index also advanced to touch 94.79 (+0.14%), while investors were preparing their positions ahead of the durable goods orders later in the day and preliminary PCE inflation numbers on [..]

After PMI boost, euro eyes economic sentiment indicator – Forex News Preview

Posted on June 27, 2018 at 9:43 am GMT

The European Commission will publish its economic sentiment indicator (ESI) on Thursday at 09:00 GMT, which comes hot on the heels of last week’s much better-than-expected Eurozone services PMI from IHS Markit. The flash PMI readings for June raised hopes that the Eurozone soft patch is coming to an end, boosting the euro. However, consensus forecasts for the ESI are for another drop in the indicator in June. Sentiment across the euro area hit the highest since 2000 in December, [..]

European Open Preview – Markets bounce as trade tensions ease for now

Posted on June 27, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down on Wednesday, but by less than 0.1%. It managed to rebound yesterday, recovering some losses from the previous three sessions. The euro was on the back foot yesterday, perhaps amid jitters ahead of the EU summit tomorrow, while the pound retreated as well following some dovish-perceived signals from the BoE. STOCKS: Concerns around an imminent trade war took a back seat yesterday, after the Trump administration hinted it may [..]

US Open Preview – Pound bears cheer after Haskel doubts BoE rate hike; Gold hits fresh 6-month lows

Posted on June 26, 2018 at 11:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar held steady versus the Japanese yen today (-0.10%), taking a breather after today’s earlier sell-off movement. The US dollar index rose by 0.22% though, currently hovering near the 94.48 level. Traders are awaiting the figures on the Fed’s preferred inflation measure, the core PCE (personal consumption expenditures) index on Friday. Moreover, investors will keep their focus on the Trump administration’s trade and investment restrictions as yesterday the US Treasury Secretary Steven [..]

European Open Preview – Dollar around 2-week lows versus yen as trade worries keep risk appetite suppressed

Posted on June 26, 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 – is practically unchanged on Tuesday, after posting losses in the previous session. Meanwhile, the Japanese yen continued to enjoy some haven demand as trade frictions remained front and center. STOCKS: Trade concerns triggered another selloff in US stocks on Monday. The Nasdaq Composite led the way lower (-2.09%), while the S&P 500 (-1.37%) and the Dow [..]

US Open Preview – Trade risks elevate the yen; European stocks tumble

Posted on June 25, 2018 at 11:35 am GMT

Here are the latest developments in global markets: FOREX: During Monday’s trading session, the dollar was moving lower by 0.47% against the Japanese yen after the US President Donald Trump threatened on Friday to impose a 20% tariff on cars imported from the EU. The dollar index though, which tracks the strength of the greenback against six major currencies, managed to climb to 94.58 (+0.08%) as the euro and the pound remained under pressure. Euro/dollar slipped by 0.06% from an intra-day high of 1.1673 to 1.1649. Euro/yen was also [..]

European Open Preview – Risk-off mood on back of trade worries weighs on equities, boosts yen

Posted on June 25, 2018 at 7:55 am GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly higher versus a basket of currencies, though it was losing ground versus the safe-haven perceived yen which attracted flows on the back of uncertainty relating to global trade. Specifically, dollar/yen was trading at two-week low levels. STOCKS: Asian equities were a sea of red after the latest concerns over global trade acted to the detriment of riskier assets. Japan’s Nikkei 225 and Topix indices finished lower by [..]

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