All Articles Tagged - EU50

European Open Preview – Dollar soars to 1½-year highs; eurozone flash inflation eyed

Posted on October 31, 2018 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar soared to a fresh high last seen in June 2017 against a basket of six major currencies, as risk sentiment was reinvigorated. The pound was the worst performer, as ratings agency S&P warned of a recession in case of a no-deal Brexit. The defensive yen was the second-worst performer in the face of stronger risk appetite. Meanwhile, the aussie is on the back foot on Wednesday, giving back some of [..]

European Open Preview – Markets bounce as Trump hints at “great deal”; eurozone GPD and German inflation coming up

Posted on October 30, 2018 at 8:57 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.17% against a basket of six major currencies on Tuesday, building on the gains it posted yesterday as risk appetite deteriorated and investors sought the safety of the world’s reserve currency. The defensive yen surprisingly underperformed despite the general risk-off mood on Monday. Meanwhile, the aussie and kiwi are both notably higher on Tuesday as risk sentiment seems to have reversed, following hints from President Trump that [..]

US Open Preview – Euro weighed by German politics; dollar green versus yen ahead of core PCE inflation

Posted on October 29, 2018 at 11:58 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was standing at 112.13 (+0.23%), slowly recouping losses recorded on Friday, while the dollar index was moving sideways around 96.41 ahead of the US core PCE inflation index due later today. Euro/dollar was fluctuating weak around the 1.1400 mark (+0.08%) after Merkel’s Conservatives (CDU) won regional elections in the Western state of Hesse on Sunday, but with surprisingly small support. The coalition SPD partners performed even worse, leading them to question [..]

US Open Preview – Stocks remain in the eye of risk-off storm; US GDP on tap

Posted on October 26, 2018 at 11:23 am GMT

Here are the latest developments in global markets: FOREX: The Japanese yen is by far the best performer among the major currencies on Friday, with the session being characterized by broad-based risk aversion thus far. Dollar/yen (-0.40%) is trading just a few pips below the 112.00 handle, while euro/yen (-0.61%) touched a fresh two-month low, as investors sought the safety of the Japanese currency. The dollar is also on the front foot ahead of the release of US GDP data, [..]

European Open Preview – Italian worries haunt the euro; key Canadian data on the agenda

Posted on October 19, 2018 at 7:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is a touch higher on Friday (+0.08%), adding to the gains it recorded in the prior session and looking set to end the week meaningfully higher. The pound was the worst performer on Thursday amid a lack of progress on Brexit and downbeat UK data, while the euro also took a hit as Italian budget concerns came back to the forefront. The yen outperformed as risk aversion dominated, but [..]

Technical Analysis – Euro Stoxx 50 index remains below moving averages despite upside correction

Posted on October 17, 2018 at 12:38 pm GMT

The Euro Stoxx 50 (EU50) index hit a 22-month low of 3167.70 on October 12, falling further below its moving averages (MA), before reversing higher. However, the rebound was cut short today after the index met resistance at the 38.2% Fibonacci retracement level of the downleg from 3453.70 to 3167.70. The easing of the positive momentum is supported by the RSI, which appears to be flatlining before even reaching the 50-neutral level. However, the stochastics suggest there is more upside [..]

European Open Preview – Yen pulls back as risk appetite rebounds; UK inflation and Fed minutes coming up

Posted on October 17, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.1% against a basket of six major currencies on Wednesday, after ending the previous session practically unchanged. The British pound regained some poise yesterday, aided by encouraging UK wage figures and reports suggesting the EU is open to extending Britain’s Brexit transition period by another year. Meanwhile, the Japanese yen was the worst performer, as global risk sentiment rebounded, triggering a rotation away from haven assets and [..]

European Open Preview – Dollar consolidates losses; UK jobs data in focus

Posted on October 16, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was fractionally higher early on Tuesday (+0.06%), attempting to recover some of the losses it posted in the previous session. Meanwhile, the yen is losing ground across the board, as a rebound in risk appetite seems to be diverting funds out of the safe-haven currency. Elsewhere, the loonie advanced despite lower oil prices, after an upbeat survey by the BoC sealed the deal for a rate hike next week [..]

European Open Preview – Sterling gaps down as Brexit talks are “paused”; US retail sales due

Posted on October 15, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is marginally higher on Monday against a basket of six major currencies (+0.07%), extending the gains it recorded in the previous session. The safe-haven Japanese yen is the best performer among the G10 currencies, as a diplomatic rift between the US and Saudi Arabia is seemingly keeping investors on the defensive. Elsewhere, the British pound opened with a gap to the downside, after the EU and UK were reported to [..]

European Open Preview – Equity selloff continues, but shows signs of abating

Posted on October 12, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is practically flat on Friday, licking its wounds following considerable losses in the previous session, which were largely owed to a pullback in US Treasury yields. The euro capitalized on this weakness, gaining ground almost across the board even as the Italian budget drama continues to lurk in the background. The yen, meanwhile, was weaker than one would have expected considering the recent market turmoil. STOCKS: Wall Street indices extended [..]

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