All Articles Tagged - crude oil

European Session – Euro steadier as Italy remains in spotlight; Dollar slightly firmer

Posted on December 6, 2016 at 3:44 pm GMT

Major currencies were steadier in European trading on Tuesday with the euro and the pound holding near multi-week highs, while the US dollar firmed from yesterday’s 3-week low. The positive risk sentiment from Asia carried forward to the European session with major European stock indices extending Monday’s gains. Reports that the Italian government was preparing a state aid for the country’s third largest bank, Monte dei Paschi di Siena, helped the recovery in risk appetite following the rejection by Italian [..]

European Session – Euro in sharp reversal as Italy vote shock dissipates; Sterling at 2-month high as Brexit hearing gets underway

Posted on December 5, 2016 at 3:58 pm GMT

The euro made a dramatic turnaround after slumping to its lowest since March 2015 earlier in the day as markets reacted to the expected ‘No’ vote in Italy’s referendum on constitutional reforms. However, market calm was soon restored with both the single currency and European stocks heading higher, while sterling climbed back towards 2-month highs even as the UK Supreme Court started deliberating on the Brexit hearing. Fears that the Italian voters’ rejection of changes to the country’s constitution would [..]

European Session – Euro rebounds above $1.06 as dollar pulls back

Posted on November 25, 2016 at 4:33 pm GMT

The euro attempted a rebound in Friday’s European session as it took advantage from a softer greenback. The US dollar retreated from fresh highs made against the yen at the start of Asian trading today but still looks set to end the week with gains of almost 2%. The break in the dollar rally didn’t apply to equities however, as both the Dow Jones Industrial Average and the S&P 500 opened in record territory today when trading resumed from yesterday’s [..]

European Session – Oil and gold steadier as dollar holds near highs in thin Thanksgiving trade

Posted on November 24, 2016 at 3:13 pm GMT

Currency markets and commodities were steadier in European trading on Thursday as the dollar eased slightly from the fresh highs set earlier in the day. Trading volumes were thin today due to US markets being closed for the Thanksgiving holiday but Wednesday’s strong US data and hawkish Fed minutes were enough to keep the dollar’s bullish momentum going. The US dollar set a new 8-month high of 113.53 yen at the start of the European session but had eased slightly [..]

FX Daily Outlook | 24-11-16

Posted on November 24, 2016 at 11:08 am GMT

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Asian Session – Dollar breaks above 113 yen as Fed minutes intensify rate hike expectations

Posted on November 24, 2016 at 8:21 am GMT

The US dollar was once again making fresh highs in Thursday’s Asian session as strong US data and hawkish FOMC minutes fuelled expectations that the Fed is poised to raise rates in December. Wall Street also extended its rally with the Dow Jones and S&P 500 closing at another record high on Wednesday as investors bet that the incoming Trump administration will boost fiscal spending. However, stocks in Asia were mixed today as rising US treasury yields continued to weigh [..]

European Session – Stocks boosted by oil as dollar attempts to resume rally

Posted on November 22, 2016 at 3:55 pm GMT

Equities were the main winner in Tuesday’s European session as higher oil prices drove up energy shares. The US dollar meanwhile hovered around the 111 level against the yen for most of the day as it attempted to resume its post-election rally that’s been on pause since yesterday. European stocks opened sharply higher on Tuesday on the back of stronger commodity prices and a record close on Wall Street on Monday. US equities extended their move into record territory at [..]

Mid-European Session – Euro and sterling bounce back as dollar eases

Posted on November 21, 2016 at 12:48 pm GMT

The euro bounced back sharply at the start of Monday’s European session, recovering strongly from last week’s 11-month low of 1.0568 dollars. Political developments over the weekend helped ease some of the uncertainty related to the upcoming French and German elections next year, and this spurred the euro to hit a session high of 1.0648 dollars. The US dollar meanwhile fell back slightly from its early Asian session highs as traders paused for breath. The single currency suffered its longest [..]

European Session – Dollar eases after hitting 13.5-year high; pound weighed by slowdown in UK employment

Posted on November 16, 2016 at 3:51 pm GMT

A resumption in the government bond sell-off drove the US dollar to fresh highs in Wednesday’s European trading but equities and commodities fell, weighed by the stronger dollar and rising bond yields. The dollar index, which measures the greenback against a basket of currencies, reached a 13½-year high of 100.53 in mid-European session as US treasury yields continued to head higher again. The yield on 2-year US Treasury notes rose to a fresh 10-month high of 1.03% as investors upped [..]

European Session – Dollar breaks above 108 yen as euro slumps to 11-month low

Posted on November 14, 2016 at 3:36 pm GMT

The US dollar extended its Asian session gains to climb to a near one-year high in European trading on Monday, as the dollar index rose above 100 for the first time since December 2015. Against the yen, the dollar rallied to a 5-month high of 108.48 as the yen fell across the board. The changing outlook for the US economy following the election of Donald Trump as the next American president remains the driver of today’s currency moves. Expectations that [..]

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