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European Open Preview – Dollar at 2-week highs; Nikkei rebounds

Posted on December 7, 2017 at 8:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar hit a two-week high against a basket of currencies as optimism on US tax reform continued to support the currency, though concerns over a possible government shutdown restricted steeper upside movement. The euro and the pound were on track to post the third day of consecutive losses versus the greenback, while the loonie tumbled to a one-week low after the BOC expressed caution for further rate hikes. The aussie [..]

US Open Preview – Brexit bears lead pound; stocks continue declining; BOC rate decision pending

Posted on December 6, 2017 at 12:27 pm GMT

Here are the latest developments in global markets: Forex: Sterling stretched toward a fresh one-week low of 1.3360 (-0.61%) as fears over a potential impasse in Brexit talks, which could postpone negotiations until February and therefore scale back business investments, lingered in the background. The dollar steadied versus the yen near one-week lows as concerns over a government shutdown offset positive sentiment related to the delivery of tax reforms. The euro was trading flat against the greenback at 1.1824, while versus sterling it managed to [..]

European Open Preview – Aussie sinks on GDP miss; BoC decides on rates

Posted on December 6, 2017 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar weakened against its major counterparts on Wednesday as unless a deal is reached the government will run out of funds on Friday. This is spreading fears of a partial government shutdown. The pound was under pressure amid weakening hopes for progress on Brexit talks and on reports of a failed plan to kill the UK Prime Minister. The aussie tumbled in the wake of disappointing GDP growth figures and the kiwi surged [..]

US Open Preview – Sterling struggles as Brexit fears loom; stocks down; dollar & loonie gather attention

Posted on December 5, 2017 at 12:11 pm GMT

Here are the latest developments in global markets: Forex: The Australian dollar continued to trade around three-week highs at $0.7645 (+0.63%) following upbeat data on retail sales and the RBA’s decision to keep rates steady at record low levels. In the Eurozone though, retail sales disappointed markets with the measure diving unexpectedly to a three-week low as food prices fell sharply. Euro/dollar retreated in the wake of the data but erased its losses afterwards, trading flat at $1.1872. Sterling dipped to a five-day [..]

European Open Preview – Aussie boosted by retail sales while tech selloff spreads to Asia

Posted on December 5, 2017 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The RBA held rates unchanged on early Tuesday as expected, but the aussie hit a three-week high following upbeat retail sales figures which pointed to an improved economic outlook. The kiwi also posted a strong rebound, erasing yesterday’s losses after the RBNZ governor said that the central bank had less leverage over inflation. Sterling was on the backfoot as the UK Prime Minister failed to satisfy the EU on Brexit elements, while the [..]

European Open Preview – Dollar and equities sentiment upbeat; market awaits Brexit meeting

Posted on December 4, 2017 at 8:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar bounced to a 2-½ -week high against the yen during Asian trading following the approval of the tax overhaul bill by the Senate on Saturdaydespite persisting political noise in the country. Consequently, the dollar’s strength pushed other currencies lower, with the kiwi being the worst performer of the session. STOCKS: The Nikkei 225 finished 0.5% lower and the Hang Seng was up by 0.5% minutes before the day’s close; Euro [..]

US Open Preview – Pound slips; stocks decline; US tax vote awaited; Canada’s GDP growth eyed

Posted on December 1, 2017 at 12:40 pm GMT

Here are the latest developments in global markets: FOREX: The pound turned to be the worst performer among major currencies despite impressive manufacturing PMI figures, trading below the $1.3500 key level after touching a fresh two-month high of 1.3548 early in the Asian trading (-0.25%). Eurozone’s manufacturing PMI stood at multi-year highs, but the euro pared earlier gains, falling back to 1.1900. Dollar/yen remained flat at 112.33, while dollar/loonie was steady at 1.288. The kiwi overperformed its peers, jumping to [..]

Stock Market Update – Sea of red in Europe; Asia mixed; US tax bill judgement day

Posted on December 1, 2017 at 11:34 am GMT

Asian equities projected a mixed picture today. In Japan, the Nikkei 225 and the Topix indices finished the day higher by 0.4% and 0.25% respectively. Earlier in the day, the Nikkei advanced by as much as 1.2% to stand at its highest since 1992, however it didn’t manage to sustain those gains. Hong Kong’s Hang Seng lost 0.35% and the Shanghai Composite remained flat. Australia’s S&P/ASX 200 added 0.3%. Major Wall Street indices all managed to finish the day higher [..]

European Open Preview – Pound continues to impress; US tax bill vote, Canadian GDP & employment generating excitement

Posted on December 1, 2017 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar retained its strength against the yen, trading near a 1-½ -week high, finding support from rising US Treasury yields, while the euro was last flat on a weekly basis versus the greenback after advancing in the three preceding weeks. Pound/dollar stretched its uptrend to a fresh two-month high amid hopes that the EU and the UK were preparing the ground to take Brexit talks to the next level, entering [..]

European Open Preview – Pound shines on Brexit hopes; tech stocks decline; OPEC meeting, US & eurozone inflation take the stage

Posted on November 30, 2017 at 8:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar was firmer against its major peers but headed for a monthly loss as a rising pound and a stronger euro capped gains arising from investors’ positive sentiment on the US economy despite ongoing geopolitical tensions in the Korean peninsula. Against the yen, the greenback hit a fresh one-week high, while it gained the most relative to the kiwi. STOCKS: The Nikkei 225 closed 0.6% higher and the Hang Seng [..]

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