gold

US Open Preview – Dollar climbs as North Korea considers denuclearization; European stocks rise further

Posted on March 6, 2018 at 1:03 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen rallied significantly towards 106.34 (+0.13%) during early European afternoon, reversing earlier losses on news that North Korea was willing to begin negotiations with the US and abandon its nuclear program if regime’s safety is guaranteed according to South Korean officials. Sources also stated that the South and North Korean leaders will meet for a summit at the end of April along the border. The dollar index, though, dived to 89.72 (-0.45%) [..]

European Open Preview – Dollar little changed as equities rebound; trade considerations still in focus

Posted on March 6, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was slightly down on Tuesday after gaining less than 0.2% on Monday, in an environment where concerns for a trade war following the Trump administration’s decision to impose tariffs on imported steel and aluminum were easing. STOCKS: US markets closed markedly higher yesterday, recovering some of their latest losses, as concerns over a potential trade war receded somewhat. The gains came after US House Speaker Paul Ryan urged [..]

US Open Preview – Euro continues to struggle amid Italian political risks; European stocks rise

Posted on March 5, 2018 at 12:54 pm GMT

Here are the latest developments in global markets FOREX: The euro remained under pressure during early European afternoon as Sunday’s elections in Italy which ended to a hung parliament, undermined Eurozone’s prospects, with Eurosceptic parties gaining some ground. However, investors’ confidence on the bloc’s economic performance and an expected grand coalition deal between Merkel’s Conservatives and their previous partners, the SPD, provided some support to the currency, with euro/dollar rising back to 1.2332 before it inched lower to 1.2295 (-0.16%). Euro/yen and euro/pound were [..]

European Open Preview – Euro falls on uncertainty over Italy; equities remain under pressure on trade concerns

Posted on March 5, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was gaining ground, while the euro was on the defensive following a cloud of uncertainty after Sunday’s elections in Italy. The aussie and the kiwi were also recording notable losses versus the greenback on the back of rising trade tensions. STOCKS: US markets closed mostly higher on Friday, even despite the rising probability of a tit-for-tat trade war between the US and its major partners. The Nasdaq Composite surged [..]

US Open Preview – Dollar bears retake control amid trade risks; European equities dragged by automakers

Posted on March 2, 2018 at 12:52 pm GMT

Here are the latest developments in global markets: FOREX: Dollar bears remained in charge during early European trading afternoon amid trade uncertainties spurred by the US President, Donald Trump, yesterday, who said that he would impose new hefty tariffs on steel (25%) and aluminum (10%) imports. Fears that these measures could trigger a trade war between the US and the rest of the global economy including the biggest world exporter China, who responded today saying that it will safeguard its interests if harmed by the [..]

European Open Preview – Dollar declines on tariffs decision; Theresa May’s Brexit speech eyed

Posted on March 2, 2018 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar declined versus a basket of currencies on Thursday after previously rising to a six-week high. Negative momentum for the US currency, which came on the back of a trade tariff decision by the US administration, is carrying through into today’s trading, with losses being limited though. STOCKS: US markets experienced another day of sharp declines on Thursday, as worries over President Trump’s new tariffs on steel and aluminum imports amplified [..]

US Open Preview – Dollar holds strong ahead of Powell’s Senate speech; European equities in the red

Posted on March 1, 2018 at 12:42 pm GMT

Here are the latest developments in global markets: FOREX: Investors were in a sell mode against the pound during early European afternoon as the cloud around the Brexit story was getting larger following May’s unexpected rejection of the legal draft Brexit treaty published yesterday. Pound/dollar crawled further down to touch a fresh six-week low at 1.3726 (-0.16%). Euro/dollar also weakened towards six-week lows, inching down to 1.2185 (-0.07%) as hawkish monetary prospects in the US increased the gap between the US-EU [..]

European Open Preview – Dollar hits 6-week high ahead of Powell; trade tariffs and key US data eyed

Posted on March 1, 2018 at 8:58 am GMT

Here are the latest developments in global markets: FOREX: The dollar recorded a six-week high versus a basket of currencies ahead of Fed chief J. Powell’s hearing before the Senate Banking Committee and key data out of the US. The aforementioned high came mostly on the back of gains from previous days though, as the dollar index was little changed on the day. STOCKS: US markets closed lower once again yesterday, ending February on an uncertain note. The Dow Jones [..]

US Open Preview – Pound slips on cautious Barnier; European stocks drag lower

Posted on February 28, 2018 at 12:47 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index held onto gains during early European afternoon as investors’ optimism that the Fed would raise rates more than three times this year heightened further after Powell’s major testimony in front of the House Financial Committee yesterday. Jerome Powell, the new Fed boss, reiterated that the US economy is on a healthy track and a normalization of the monetary policy is needed to avoid an overheating economy – acknowledging the [..]

European Open Preview – Powell’s comments breathe life back into the dollar; eurozone inflation eyed

Posted on February 28, 2018 at 8:50 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – traded almost unchanged on Wednesday, after posting significant gains earlier on Tuesday as the new Fed Chair Jerome Powell appeared quite optimistic on the US’ growth outlook in his testimony before Congress. STOCKS: US markets posted notable losses yesterday, as the upbeat remarks of the new Fed chief enhanced expectations for higher interest rates. The S&P 500 [..]

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