All Articles Tagged - EU50

European Open Preview – Euro, sterling build on gains versus the greenback; UK inflation and US-Saudi meeting eyed

Posted on March 20, 2018 at 8:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar edged higher versus a basket of currencies on Tuesday after retreating against the euro and sterling on Monday. The yen was losing considerable ground relative to other major currencies, while the antipodeans were trading not far above recent lows against the greenback. STOCKS: US markets closed significantly lower yesterday, dragged down primarily by technology stocks, as a scandal involving Facebook raised speculation that tech firms may see increased regulation [..]

US Open Preview – Euro, pound post strong rally; European equities open lower

Posted on March 19, 2018 at 12:59 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar index outperformed on the day against a basket of currencies, falling to 89.97 (-0.22%) as the euro and the pound strengthened. Dollar/yen was gaining positive momentum in the face of uncertainties surrounding the Japanese finance minister and ahead of the FOMC rate decision on Wednesday, with the pair climbing to 106.30 (+0.21%). Euro/dollar recouped Friday’s losses rallying to 1.2324 (+0.13%) after Reuters sources reported that the ECB has shifted focus from [..]

European Open Preview – Japanese politics boost the yen; G20 gathering kicks off busy week

Posted on March 19, 2018 at 8:56 am GMT

Here are the latest developments in global markets: FOREX: The US currency traded less than 0.1% higher versus a basket of currencies on Monday, though it was losing ground versus the yen as those promoting weaker-yen policies were seen as losing public support in Japan. STOCKS: US markets closed mostly higher on Friday, with the Dow Jones and the S&P 500 advancing by 0.3% and 0.2% respectively, while the Nasdaq Composite was practically flat on the day. Futures tracking the Dow, [..]

US Open Preview – Safe havens advance on political risks; European equities inch up

Posted on March 16, 2018 at 12:27 pm GMT

Here are the latest developments in global markets: FOREX: Safe-haven currencies continued to benefit from risk aversion, with dollar/yen diving below the 106 key level near one-week lows, last trading at 105.64 (-0.65%). From the one hand, political turmoil in the US was pressuring the dollar after the Washington Post newspaper reported yesterday that the US President has decided to fire his national security adviser, H.R McMaster and was discussing further potential replacements. On the other hand, demand for the [..]

European Open Preview – Yen gains as US political uncertainty intensifies

Posted on March 16, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar traded lower against a basket of currencies on Wednesday on the back of reports suggesting that the White House personnel shakeup would continue. The safe-haven perceived yen was the biggest beneficiary from these reports. STOCKS: US markets ended mixed yesterday, as political uncertainty and protectionist concerns continued to suppress risk appetite. Reportedly, Special Counsel Robert Mueller ordered the Trump organization to hand over documents related to the Russian investigation, [..]

European Open Preview – Dollar falls versus yen with trade worries back in the forefront; SNB & Norges Bank decisions eyed

Posted on March 15, 2018 at 8:28 am GMT

Here are the latest developments in global markets: FOREX: The dollar was roughly flat versus a basket of currencies on Thursday, though it was losing ground versus the safe-haven perceived yen as risk sentiment was dented on worries over rising trade tensions. Elsewhere, the kiwi came under pressure after New Zealand’s growth numbers fell short of forecasts. STOCKS: US markets closed lower yesterday, as concerns over the possibility of a trade war with China continued to undermine risk appetite. The [..]

European Open Preview – Dollar falls after yet another Trump team shakeup; US data and trade concerns in focus

Posted on March 14, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar was little changed versus a basket of currencies on Wednesday after retreating following the departure of Rex Tillerson from the position of US Secretary of State on Tuesday. STOCKS: US markets closed lower yesterday, as news that US Secretary of State Rex Tillerson had been fired increased political uncertainty, and reports that the US is preparing new tariffs against China curbed risk appetite. The Nasdaq Composite led the way [..]

European Open Preview – Yen weakens on politics; all eyes on US inflation

Posted on March 13, 2018 at 8:47 am GMT

Here are the latest developments in global markets: FOREX: The dollar was trading higher versus a basket of currencies on Tuesday, posting notable gains against the yen in the midst of a political scandal in Japan that raises questions about the government’s ability to deliver moving forward. STOCKS: US markets were mixed yesterday. The Nasdaq Composite closed 0.4% higher, reaching another record high, but the S&P 500 and the Dow Jones fell by 0.1% and 0.6% respectively. Futures tracking the [..]

US Open Preview – Dollar little changed, awaits fresh drivers; Stoxx 600 records near 2-week high

Posted on March 12, 2018 at 12:10 pm GMT

Here are the latest developments in global markets: FOREX: The dollar was slightly higher versus a basket of currencies, recovering from losses recorded earlier in the day – the dollar index rose back above the 90 level. Dollar/yen was 0.2% lower at 106.55 amid a suspected cronyism scandal in Japan implicating Finance Minister Taro Aso. Euro/dollar and pound/dollar were little changed in anticipation of fresh catalysts. The aussie and the kiwi remained elevated versus their US counterpart, though they gave [..]

European Open Preview – Dollar falls with inflation figures the next catalyst; equities on the rise

Posted on March 12, 2018 at 8:55 am GMT

Here are the latest developments in global markets: FOREX: The dollar was losing some ground versus a basket of currencies on Monday after recording its highest since March 1 last Friday, the day February’s US employment data showed stronger-than-anticipated jobs growth. STOCKS: US markets surged on Friday on the back of the US employment report, which showed that wage growth remains subdued. The disappointing earnings figures suggest that there is little pressure on the Fed to raise rates aggressively, a factor that boosted risk [..]

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