All Articles Tagged - EU50

European Open Preview – Oil collapse pushes loonie lower; ECB minutes and US inflation in focus

Posted on July 12, 2018 at 7:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Thursday, attempting to extend the massive gains it posted in the previous session. Dollar/yen is up by 0.21%, having touched a fresh high for the year earlier. Meanwhile, the loonie dropped on Wednesday as oil prices collapsed, erasing the gains it posted after the BoC raised rates, to trade much lower in the aftermath. STOCKS: US markets closed lower yesterday, as trade concerns remained the dominant theme. Some [..]

European Open Preview – Asian equities tumble as trade tensions intensify; Bank of Canada rate decision eyed

Posted on July 11, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically flat on Wednesday, after posting some very modest gains in the previous session. Commodity-linked currencies like the aussie, kiwi, and loonie, are all lower, following news overnight that the US is planning another set of tariffs against China. STOCKS: US markets closed higher yesterday, with the Dow Jones and S&P 500 rising by 0.58% and 0.35% respectively, while the Nasdaq Composite managed to gain 0.04% as well. However, [..]

European Open Preview – Sterling dives amid UK political turmoil; UK manufacturing output due

Posted on July 10, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is a little more than 0.1% higher on Tuesday, trying to build on the modest gains it posted in the previous session. The British pound nosedived yesterday, following news that UK Foreign secretary Boris Johnson had resigned, with sterling/dollar also being 0.2% lower today. STOCKS: US markets closed higher on Monday, in the absence of any concerning trade-related headlines to dent risk appetite. The Dow Jones outperformed, gaining 1.31%, while the [..]

US Open Preview – Pound finds some buyers amid “smooth Brexit” speculation

Posted on July 9, 2018 at 11:33 am GMT

Here are the latest developments in global markets: FOREX: Sterling opened with a positive gap today, following news that the UK Brexit Secretary, David Davis, has resigned. UK Prime Minister Theresa May appeared to have agreed with her cabinet on the Brexit plan on Friday. On Monday, pound/dollar advanced by 0.42%, rising to a 3-week high of 1.3362, with Dominic Raab being appointed new Brexit Minister. The US dollar underperformed on Friday and Monday against a basket of six major currencies, as the US jobs report was [..]

European Open Preview – Sterling in focus as UK Brexit chief resigns

Posted on July 9, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is down by 0.23% on Monday, following a slightly disappointing US employment report on Friday. Elsewhere, pound/dollar is up by the same amount, after the UK Brexit Secretary David Davis resigned his post. STOCKS: Wall Street indices closed higher on Friday, after the US employment report for June showed that wage growth remains subdued. The tech-heavy Nasdaq Composite [..]

European Open Preview – Markets mostly calm as US fires first trade shot; US jobs data eyed

Posted on July 6, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by almost 0.2% on Friday, ahead of the release of the US employment report for June later today. Meanwhile, the safe-haven Japanese yen is on the back foot, with investors appearing largely unfazed by a possible escalation in the US-China trade saga (see below). STOCKS: US equity markets closed higher on Thursday, undeterred by the looming threat of the US and China exchanging tariffs on Friday. The Nasdaq Composite led [..]

European Open Preview – ECB speculation gives euro a helping hand; Fed minutes in focus

Posted on July 5, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.3% on Thursday, ahead of the release of the minutes from the June FOMC meeting later today. Meanwhile, the euro is recovering ground following media reports that ECB officials think the market is underestimating the Bank’s rate-hike path. STOCKS: US equity markets remained closed in celebration of the Independence Day public holiday yesterday. Futures suggest the S&P 500, Dow Jones, and Nasdaq 100, are set to open [..]

European Open Preview – Sterling rebounds, turns its sights to UK services PMI

Posted on July 4, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by a little over 0.2% on Wednesday, extending some of the losses it posted yesterday on the back of declining longer-term US Treasury yields. The yen enjoyed some haven demand amid trade tensions, while the pound was buoyed by some hawkish rhetoric from the BoE and an encouraging UK construction PMI. STOCKS: Wall Street gave up early gains on Tuesday, to close lower overall. The drop was led by [..]

European Open Preview – Euro cheers German deal, awaits producer price & retail sales data

Posted on July 3, 2018 at 7:59 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.24% on Tuesday, giving back some of the gains it posted in the previous session. The euro rebounded somewhat following news that the German political deadlock had been solved, while the aussie gained in the aftermath of the RBA’s policy meeting. STOCKS:US markets managed to erase earlier losses and close higher on Monday, boosted by a rally in technology stocks. The tech-heavy Nasdaq Composite gained 0.76%, while [..]

US Open Preview – Stocks post relief rally after EU deal; US inflation data still to come

Posted on June 29, 2018 at 11:45 am GMT

Here are the latest developments in global markets: FOREX: The euro surged early on Friday following news that the 28 European Union leaders agreed on a migration deal overnight, driving euro/dollar towards an intraday high of 1.1666 (+0.68%). Also, in terms of economic data, the Eurozone preliminary CPI jumped to 2.0% in yearly terms as expected, from 1.9% previously. Euro/yen climbed by 0.68% to 128.66, posting a two-week high. Dollar/yen jumped to a two-week high as well of 110.78, adding 0.05% to its [..]

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