oil

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 [..]

US Open Preview – Oil stays bullish as OPEC seen near agreement; Euro cheers on upbeat PMIs

Posted on June 22, 2018 at 12:01 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was posting moderate gains on Friday, inching up to 110.14 (+0.14%) as uncertainties around US-Chinese trade relations were still high. The two giant world exporting economies exchanged additional threats of import tariff measures this week, with the Chinese Ministry of Commerce characterizing US trade protectionism on Friday as “self-defeating and a symptom of paranoid delusions”. The dollar index was down for the second day, last seen at 94.62 (-0.12%) as the euro and the pound remained [..]

European Open Preview – Pound soars after BoE; OPEC meeting and key data eyed

Posted on June 22, 2018 at 7:45 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 lower on Friday, though by less than 0.1%. The index closed lower on Thursday, after touching its best levels in 11 months. In the UK, the pound soared after the BoE kept rates unchanged, but adopted a more hawkish tone, stoking expectations for a rate increase at the August meeting. STOCKS: US markets closed lower on Thursday, amid [..]

US Open Preview – Pound posts fresh lows ahead of BoE rate decision; oil tumbles

Posted on June 21, 2018 at 10:57 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen lacked direction for a third day, moving sideways around 110.40 (+0.05%), while the dollar index hit a fresh 11-month high at 95.52 (%?), advancing on the back of a weaker euro and pound. Earlier in the day, US 10-year government bond yields had spiked to a 1-week high of 2.95% but they soon returned to 2.91%. Euro/dollar was in pain as trade uncertainties remained in the air, while in Italy, Eurosceptic Alberto Bagnai, was appointed as the [..]

European Open Preview – Dollar reaches new heights; Bank of England at the center of attention

Posted on June 21, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.3% higher on Thursday, touching a fresh high for 2018. Safe-haven currencies such as the yen and the Swiss franc are on the back foot, down by nearly 0.3% and 0.2% respectively against the greenback as trade concerns have moved to the background for now. Commodity-linked currencies like the loonie, aussie, kiwi, are also on the retreat, with the first two trading at one-year lows versus the dollar. [..]

US Open Preview – Sterling ticks down to fresh 7-month lows ahead of Parliamentary vote

Posted on June 20, 2018 at 11:57 am GMT

Here are the latest developments in global markets: FOREX: In the absence of key data releases, the dollar was trading flat against the safe-haven yen at 110.04 , while the dollar index was also steady at 95.07 as investors were eagerly waiting to see how the tit-for-tat game between China and the US will evolve. The euro continued to struggle for the second day, changing hands lower at 1.1557 (-0.26%), with the European Commission giving its final approval for tariffs to be imposed on imported US goods worth [..]

European Open Preview – Asian stocks gain as risk sentiment recovers; House of Commons votes on Brexit amendments

Posted on June 20, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower on Wednesday, though by less than 0.1%, giving back some of the gains it posted in the previous session as the currency with the most weight in the index – the euro – tumbled. The haven-perceived yen is also on the retreat, paring some of the gains it posted yesterday. STOCKS: Wall Street closed lower on Tuesday, amid fears over an escalating US-China trade spat and [..]

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