All Articles Tagged - EU50

European Open Preview – Loonie softens on cautious BoC; UK retail sales in focus

Posted on April 19, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher today, but by less than 0.1%. Aussie/dollar is up by 0.2%, lifted by a notable rally across commodities. Meanwhile, the loonie steadied against the dollar, after it plunged yesterday on the back of cautious signals from the BoC. STOCKS: US markets closed mixed yesterday. While the Nasdaq Composite and the S&P 500 advanced 0.2% and 0.1% respectively, the Dow Jones fell nearly 0.2%, weighed on [..]

European Open Preview – Safe havens retreat as geopolitical tensions ease; UK CPI and BoC rate decision coming up

Posted on April 18, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, after it posted some gains on Tuesday. The Japanese yen and the Swiss franc were on the back foot as geopolitical risks were perceived as easing, while the British pound steadied somewhat after retreating yesterday. STOCKS: US markets soared for a second day in a row, as a strong earnings season and diminishing risks on the Korean Peninsula boosted risk appetite. The Nasdaq Composite [..]

Technical Analysis – EU 50 stock index builds base around 7-week high; sideways channel in near term

Posted on April 17, 2018 at 1:30 pm GMT

EU 50 stock index has advanced considerably since roughly the end of March, hitting a seven-week high during Tuesday’s session. Price action is at the moment taking place not far below this peak. The index is developing within a trading range the last couple of months with upper boundary the 3472.70 resistance and lower boundary the 3260 support. The technical picture supports that the bullish run remains in the near-term as both are holding in the positive zone. Looking at momentum indicators, the RSI [..]

European Open Preview – Sterling rallies ahead of crucial economic data

Posted on April 17, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was 0.1% lower on Tuesday, extending the losses it posted yesterday amid renewed speculation that the US administration is seeking a weaker currency. Sterling/dollar traded 0.15% higher today after surging yesterday as well, reaching a fresh high last seen in June 2016, amid speculation that upcoming UK economic data will “green light” a rate hike by the Bank of England in May. STOCKS: US markets closed higher yesterday, buoyed [..]

European Open Preview – Risk trades supported as geopolitical concerns fade; US retail sales in the spotlight

Posted on April 16, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded lower on Monday, but by less than 0.1%, showing little response to the US military strike on Syria over the weekend. STOCKS: US markets closed lower on Friday, though they appear set for a recovery today. The Dow Jones and the Nasdaq Composite both fell by 0.5%, while the S&P 500 shed 0.3% of its value. That said, futures tracking the Dow, S&P, and Nasdaq 100 are currently pointing [..]

European Open Preview – Markets turn optimistic as risks moderate; U of M consumer sentiment survey eyed in US

Posted on April 13, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded higher on Friday, but by less than 0.1%, extending the gains it posted yesterday as geopolitical and trade risks moderated, and the yields on longer-term US Treasuries surged. The yen traded 0.2% lower against both the euro and the dollar, as the risk-on environment curtailed demand for the safe haven Japanese currency. STOCKS: US markets closed higher, boosted by signals that the situation in Syria may not [..]

European Open Preview – Geopolitical concerns creep into markets; ECB minutes eyed

Posted on April 12, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index traded practically unchanged on Thursday, with the currency unable to draw much support from the hawkish signals in the FOMC minutes, amid escalating tensions in the Middle East pushing US Treasury yields lower. STOCKS: US markets closed lower yesterday, weighed on both by the optimistic tone of the FOMC minutes and rising geopolitical tensions, with the US-Russia standoff over Syria dominating headlines. The Dow Jones led the [..]

European Open Preview – Risk sentiment boosted by Xi’s speech; US PPI due

Posted on April 10, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index, which tracks the greenback’s performance against a basket of six major currencies, was practically unchanged on Tuesday. Against the yen, the dollar was nearly 0.4% higher though, after some comments from Chinese President Xi Jinping boosted risk appetite, curbing demand for the safe-haven Japanese currency. STOCKS: US markets managed to close higher on Monday, but importantly, the major benchmarks gave back most of their earlier gains a few hours [..]

US Open Preview – Stocks rebound eases after China devaluation talk but dollar edges up

Posted on April 9, 2018 at 12:07 pm GMT

Here are the latest developments in global markets: FOREX: Trade tensions continued to dominate the market theme as the US open approached. A tweet by President Trump on Sunday raised hopes that China and the US would be able to negotiate a solution to the trade spat and went some way in lifting risk appetite in Asian trading on Monday. However, a report by Bloomberg that China is considering a gradual depreciation of the yuan knocked back risk appetite and [..]

US Open Preview – Dollar softer ahead of US jobs report; stocks tumble again as China-US trade row deepens

Posted on April 6, 2018 at 12:28 pm GMT

Here are the latest developments in global markets: FOREX: An escalation in the trade war between the United States and China, as well as investor caution ahead of today’s US jobs report led the US dollar to give up some of its earlier advance when it hit a 5-week high against a basket of currencies. The dollar index eased to 90.40 by mid-European session, while the greenback was flat versus the yen around 107.35. The euro managed to regain some [..]

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