All Articles Tagged - EU50

European Open Preview – Barnier fuels another surge in sterling, jobs data to set currency’s intraday direction

Posted on September 11, 2018 at 7:44 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 0.12% on Tuesday, extending losses from the previous session. Sterling spiked higher once again, following encouraging comments from the EU’s chief Brexit negotiator that reaching a deal within 6-8 weeks is “realistic”. Meanwhile, the yen was on the retreat amid a recovery in risk sentiment, though that may not necessarily remain the [..]

European Open Preview – Strong earnings growth lifts the dollar; trade in focus again

Posted on September 10, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Monday (+0.04%), holding onto the gains it recorded in the previous session, after a surprising acceleration in US wage growth fueled demand for the greenback. The pound also soared higher on Friday as some appeasing remarks from EU chief negotiator Barnier enhanced speculation that a Brexit deal may ultimately be delivered. STOCKS: Wall Street closed lower on Friday, as investors’ risk appetite was curbed by some confrontational remarks by [..]

US Open Preview – Sterling above $1.30 on Barnier comments as trade jitters weigh on Aussie; US jobs data awaited

Posted on September 7, 2018 at 11:40 am GMT

Here are the latest developments in global markets: FOREX: The US currency was trading marginally lower versus a basket of currencies ahead of the highly anticipated employment report for August due at 1230 GMT. Dollar/yen was roughly flat after losing 0.7% on Thursday, as angst over the prospect of deteriorating global trade conditions boosted the safe-haven perceived yen. The euro was down on the margin versus the dollar, reacting little to a downward revision in the eurozone’s pace of growth [..]

European Open Preview – Yen advances as risk appetite falters; US jobs report coming up

Posted on September 7, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is marginally lower against a basket of six major currencies on Friday (-0.08%), ahead of the release of the all-important US payrolls report at 1230 GMT, where focus may once again fall primarily on the earnings figures. Safe-haven currencies like the yen and the Swiss franc rallied amid trade jitters, while the risk-sensitive aussie faltered, touching a fresh low last seen in early-2016 against the dollar. STOCKS: US markets closed lower for [..]

European Open Preview – Pound goes for a Brexit ride; fresh round of tariffs coming up?

Posted on September 6, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is marginally lower (-0.07%) against a basket of six major currencies on Thursday, extending the losses it posted in the previous session. The British pound was in focus yesterday, having a volatile session that saw sizeable movements in both directions following some conflicting headlines on Brexit. Elsewhere, the Bank of Canada struck a slightly more cautious tone as it kept its policy unchanged. STOCKS: Wall Street had a mixed session on Wednesday, with [..]

European Open Preview – Greenback reclaims ground; Bank of Canada rate decision due

Posted on September 5, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is little changed against a basket of six major currencies on Wednesday, holding onto the gains it recorded in the previous session. Staying in North America, the Canadian dollar was a major underperformer yesterday, touching a one-and-a-half-month low against the greenback ahead of the Bank of Canada’s policy decision later today (1400 GMT). EM currencies also came under broad selling pressure, weighed on by news that South Africa had entered [..]

European Open Preview – Dollar bounces; BoE testimonies and US ISM manufacturing in focus

Posted on September 4, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The greenback is higher across the board on Tuesday, with the dollar index advancing by 0.15% in the absence of any major new developments. The aussie jumped overnight after the RBA struck a less-cautious tone than many expected, erasing losses it posted earlier in the session after Australia’s current account data for Q2 disappointed. Earlier on Monday, the British pound came under renewed selling interest, following a miss in the UK manufacturing PMI. STOCKS: Wall [..]

European Open Preview – Sterling gaps down amid Brexit rhetoric; UK manufacturing PMI due with trade angst in the background

Posted on September 3, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar was nearly flat against a basket of six major currencies on Monday (-0.03%), after posting considerable gains in the previous session. Meanwhile, the British pound opened with a negative gap following some not-so-encouraging Brexit signals over the weekend from both the EU and the UK. STOCKS: Wall Street closed mixed on Friday, as trade negotiations between the US and Canada ended without an accord. The S&P 500 was practically flat (+0.01%), the Dow Jones [..]

European Open Preview – Risk appetite turns sour on trade angst; eurozone inflation due with Brexit also in focus

Posted on August 31, 2018 at 7:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was down on Friday, albeit by less than 0.1%, giving back some of the gains it posted in the previous session. Elsewhere, the Japanese yen advanced across the board on Thursday, as trade concerns led investors to increase their exposure to the safe-haven currency. Meanwhile, the euro and the loonie retreated, weighed on by concerns surrounding Italy and disappointing Canadian data respectively. STOCKS: US equities fell for the first time in five days as [..]

US Open Preview – Sterling bounces in quiet markets; trade updates awaited

Posted on August 29, 2018 at 11:20 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was up by 0.14% on Wednesday, drawing support from a robust reading on US consumer confidence yesterday, and looking set to snap a three-day losing streak. Against the euro, the dollar gained 0.21%, while it was practically flat against the Japanese yen. Meanwhile, the British pound was in recovery-mode, with investors seemingly brushing aside reports suggesting UK Brexit Secretary Raab is frustrated that EU chief negotiator Barnier is [..]

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