All Articles Tagged - crude oil

European Open Preview – BoC throws in the towel, spotlight turns to ECB

Posted on March 7, 2019 at 8:46 am GMT

ECB meeting the main event today, focus will be on signals for loans to banks Loonie sinks to two-month lows as BoC abandons rate hike plans Elsewhere, stocks retreat without a clear catalyst – perhaps on profit taking Will the ECB join the chorus of dovish central banks today? All eyes will be on the highly-anticipated ECB policy decision today, and in particular on the updated economic forecasts and Draghi’s press conference at 13:30 GMT. The euro area economy continues [..]

European Open Preview – BoC decides as rate-hike bets evaporate; aussie drops

Posted on March 6, 2019 at 8:45 am GMT

Bank of Canada meets; markets seem to be expecting a major dovish pivot, which may not materialize US dollar rally revitalized by robust ISM index Aussie drops to two-month lows as RBA rate-cut expectations grow BoC decides as rate-hike bets evaporate The main event on Wednesday will be the Bank of Canada (BoC) rate decision. No action is expected, and since there is no press conference by Governor Poloz either, investors will scrutinize the accompanying statement for any policy hints. [..]

European Open Preview – Dollar rally in full throttle, but mind the speed bumps

Posted on March 5, 2019 at 8:47 am GMT

Dollar upswing continues unabated, but caution gradually warranted US stocks retreat after soft data, Chinese markets up on stimulus news RBA stays on hold, aussie yawns UK services and ISM non-manufacturing PMIs coming up today Dollar rally in full throttle, but speed bumps may lie ahead The US dollar registered another session of strong gains to kick off the week, gaining ground against all its major counterparts besides the defensive Japanese yen, which was the best performer as risk sentiment [..]

European Open Preview – Stocks bask in trade optimism; dollar advances

Posted on March 4, 2019 at 8:55 am GMT

Stocks cruise higher on reports that a trade deal is just around the corner Dollar advances, despite soft US data and ‘jawboning’ by Trump Loonie crushed as Canadian GDP disappoints, oil retreats Equities bask in trade optimism US stock markets closed higher on Friday, and futures suggest these indices will likely open in the green on Monday as well, fueled by renewed optimism that a US-China trade deal is just around the corner. Media reports over the weekend reinforced such [..]

European Open Preview – Yen crumbles as risk sentiment improves, dollar rebounds

Posted on March 1, 2019 at 8:53 am GMT

Dollar rebounds after US GDP beats expectations, looks to ISM manufacturing index Yen falls to two-month lows as solid Chinese PMIs reinvigorate risk appetite Busy schedule today: Eurozone inflation data, UK manufacturing PMI, Canadian GDP Dollar inches up as US GDP tops forecasts, but stocks struggle The dollar was the main winner in Thursday’s session, drawing support from stronger-than-anticipated US GDP data for Q4 to outperform all its G10 peers outside of the Swiss franc. Economic growth clocked in at [..]

European Open Preview – Stocks retreat as trade optimism fades, growth concerns return

Posted on February 28, 2019 at 8:57 am GMT

Risk aversion prevails as top US trade official reins in optimism, Chinese PMIs disappoint Sterling cruises even higher as no-deal Brexit risks fades Oil rebounds on supply news, but pulls back on demand concerns Today, German inflation and US GDP data will be in focus Risk-off mood prevails amid geopolitical and trade risks, soft Chinese data US equity markets closed with modest losses on Wednesday and futures suggest they may be headed for even more pain today, amid several risks [..]

European Open Preview – Pound celebrates potential Brexit delay; dollar retreats

Posted on February 27, 2019 at 8:57 am GMT

Sterling rejoices as PM May signals potential Brexit delay Dollar retreats as Powell seems cautious on domestic issues too Canadian inflation data coming up, with oil prices also crucial for loonie Pound explodes higher as May implicitly signals Brexit delay The British pound was the star performer on Tuesday, gaining ground across the board to touch a new 5-month high versus the dollar after PM May watered down her Brexit stance, opening the door for an extension of the exit [..]

European Open Preview – All eyes on Washington as trade talks wrap up

Posted on February 22, 2019 at 8:50 am GMT

Markets will focus on trade today, as another round of US-China talks wraps up Euro looks to Germany’s Ifo survey and remarks by ECB’s Draghi Meanwhile, antipodeans are mixed amid headlines out of China and the RBNZ All eyes on Washington as another round of trade talks concludes Global risk sentiment turned sour on Thursday, with European and American equity markets closing in the red, following a string of disappointing economic data out of both regions. Accordingly, the defensive Japanese [..]

European Open Preview – Dollar ticks up after Fed minutes; aussie sinks

Posted on February 21, 2019 at 8:55 am GMT

Dollar ticks up after Fed minutes keep possibility of rate hikes alive European PMIs and ECB minutes the highlights of today’s agenda Aussie torpedoed as Chinese port bans Australian coal imports High-level trade talks resume in Washington Dollar crawls higher as Fed minutes aren’t as dovish as expected The minutes of the January Fed meeting confirmed the central bank will stay sidelined for a while amid several uncertainties, particularly in the global outlook. There was also broad consensus to end [..]

European Open Preview – Markets quiet as trade talks resume

Posted on February 19, 2019 at 8:45 am GMT

Markets quiet as new round of trade talks kicks off Sterling unfazed as Labour MPs split, looks to UK jobs data today Yen ticks down after BoJ chief teases further easing Subdued market moves ahead of fresh negotiating round Stocks in Asia are mostly in the green on Tuesday, albeit only modestly so, while US markets remained closed on Monday for a public holiday. Moves in the FX market were equally subdued to kick off the week, with price action [..]

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