All Articles Tagged - crude oil

Asian Session – Australian dollar rebounds from post-election jitters; Gold extends gains

Posted on July 4, 2016 at 8:02 am GMT

The Australian dollar opened sharply lower on Monday after the results so far from Saturday’s federal election in Australia have pointed to no clear winner. With more than two-thirds of the votes counted, the prospect of a hung parliament has raised concern among investors that Australia might lose its triple A credit rating. Prolonged political uncertainty could make it less likely for Australia’s government to better manage its budget deficit. The aussie fell as a result, dropping to 0.7444 against [..]

European Session – Pound holds above $1.34 as Johnson quits Tory race but euro comes under pressure

Posted on June 30, 2016 at 2:27 pm GMT

The euro and the pound fluctuated against the dollar in European trading on Thursday, though they remained within their recent trading range. End-of-quarter positioning by traders contributed to the volatility. The pound had a weak start to the day, dropping to a low of 1.3362 dollars towards the end of Asian trading, but recovered to 1.3495 dollars by mid-European session. Improving risk sentiment helped sterling but a surprise announcement from former London Mayor Boris Johnson that he will not run [..]

Asian Session – Pound steady but dollar drifts lower on fading rate hike expectations

Posted on June 30, 2016 at 7:47 am GMT

Currency markets maintained their calm on Thursday as investors turned increasingly hopeful that central banks would maintain or expand accommodative monetary policy following the Brexit vote. The dollar drifted lower against a basket of currencies for a third day as expectations of a Fed rate hike this year declined dramatically in the wake of the surprise UK vote to leave the EU. The greenback was slightly down against the yen at 102.54 in late Asian trading today, while the euro [..]

FX Daily Outlook| 29-06-16

Posted on June 29, 2016 at 10:52 am GMT

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Asian Session – Global stocks recover but yen on the rise again as markets still nervous

Posted on June 29, 2016 at 8:15 am GMT

Global stocks attempted a strong rebound yesterday as the immediate shock of the UK vote to leave the EU appeared to dissipate. However, risk sentiment was still very weak as the pound made only a modest recovery and the yen was back on the rise again today. The S&P 500 in the US closed 1.8% higher on Tuesday, while in Europe, London’s FTSE 100 closed up 2.6%. Asian stocks on Wednesday were mostly positive too but currency markets remained uneasy. [..]

European Session – Sterling hits fresh 31-year low vs dollar as Brexit uncertainty rattles financial markets

Posted on June 27, 2016 at 3:10 pm GMT

Sterling hit the lowest since September 1985 against the dollar on Monday as investor fears over the impact of the Brexit vote on the UK and global economy dominated the market theme. The pound had stabilized around 1.34 dollars after opening almost 2% lower, but it slid further in European trading to touch a new 31-year low of 1.3119 dollars. The euro rose to fresh 3-year highs to climb to 0.8364 pounds but it remained subdued against the dollar. The [..]

Asian Session – Dollar muted after cautious Yellen; Sterling holds onto gains ahead of polling day

Posted on June 22, 2016 at 8:02 am GMT

Sterling was steady on the final day of the referendum campaign on what is expected to be a tight vote tomorrow when Britons go to the polls to decide whether the UK should stay in or leave the European Union. The pound edged up to 1.4673 dollars in late Asian trading today but was slightly weaker against the euro as the single currency firmed to 0.7674 pounds. The dollar was muted on Wednesday following another cautious outlook on the US [..]

European Session – Euro tests 1.14 as dollar stuck at one-month lows; Oil extends gains

Posted on June 8, 2016 at 2:48 pm GMT

The euro climbed to a 4-week high of 1.1410 dollars in European trading on Wednesday as the dollar continued to be weighed by receding expectations of a near-term Fed rate hike. The dollar index, which measures the US dollar against a basket of currencies, fell to a one-month low of 93.43. Apart from dollar weakness, there was little else driving the single currency today with the only major European data coming out of the UK. UK manufacturing and industrial production [..]

European Session – Commodities rally as Fed rate hike hopes fade; Dollar steady ahead of Yellen

Posted on June 6, 2016 at 2:45 pm GMT

Commodities rallied in European trading on Monday as a weaker dollar boosted commodity prices across the board just as market expectations of a Fed rate hike in June fell drastically. The dollar’s slide on Friday following a much weaker-than-expected jobs data has increased sentiment for commodities such as copper, zinc, nickel and iron ore, as well as for oil. The Thomson Reuters/Jefferies CRB commodities index was up 1.5% at 192.25 in afternoon European trading, boosted in part by stronger crude [..]

Asian Session – Dollar surges past 111 yen after Yellen says rate hike coming soon

Posted on May 30, 2016 at 8:13 am GMT

The US dollar surged against the yen in Asian trading on Monday as Fed Chair Janet Yellen reinforced expectations that the Fed could be on track to raise rates by the summer. Speaking at Harvard University on Friday, Yellen said that a rate rise would be appropriate “in the coming months”. Her message was repeated by St. Louis Fed President James Bullard on Monday. Bullard said that markets globally were “well prepared” for a June or July rate hike adding [..]

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