All Articles Tagged - EURGBP

Forex Market Review (European Session) – Dollar index hits one-month high ahead of Yellen’s speech; euro sinks to one-month low

Posted on September 26, 2017 at 3:16 pm GMT

The European forex markets on Tuesday continued digesting political uncertainties arising from the German elections, kicking the euro to a one-month low. The dollar, on the other hand, stood tall at a one-month high ahead of Fed Chair Janet Yellen’s speech later today despite US-North Korea war tensions becoming dangerous as fiscal policy came to the spotlight. The dollar extended its uptrend against a basket of major currencies despite escalating North Korean tensions as focus turned to fiscal policy. Sources familiar [..]

Forex Market Review (European Session) – Euro extends decline after German elections; oil jumps to fresh multi-month highs

Posted on September 25, 2017 at 3:10 pm GMT

The euro continued to be dogged by concerns about the outcome of the German elections, extending its losses in European trading, while a similarly disappointing election outcome in New Zealand caused the kiwi to be the day’s worst performing major currency. The US dollar was firmer as the yen came under pressure after the Japanese prime minister called a snap general election. Oil prices meanwhile rose to fresh highs after major producers said the market was rebalancing. The prospect of [..]

Forex News – German election surprise weighs on euro

Posted on September 25, 2017 at 12:28 pm GMT

Despite Chancellor Angela Merkel leading federal elections on Sunday, it was rather a losing game for her CDU/CSU party as it failed to earn enough votes to form a government. Besides that, bad news arose also after the SDP party, which is currently a coalition partner to CDU, stated that it would head into opposition, leaving Merkel’s party no choice other than to seek partnership with rivals who have different views on EU policies. This brought doubts about further EU integration and consequently pushed the euro below [..]

Stock Market News (European Open) – Stoxx 600 records fresh 2-month high; Japanese equities on positive backdrop

Posted on September 25, 2017 at 9:50 am GMT

Japanese indices including the Nikkei 225 and the broader Topix started the week on a positive tone, both rising by 0.5% relative to Friday’s close – Friday being a day when they contracted by 0.25%. The two benchmarks have been supported by the weakening yen (having specifically in mind the rising dollar/yen pair) over the last couple of weeks, as export-reliant Japanese companies are seen as benefiting from a falling Japanese currency. Equities in Japan are also on a positive [..]

Stock Market News (US Open) – European equities rebound to trade higher; Wall Street opens lower

Posted on September 22, 2017 at 2:04 pm GMT

European stocks reversed losses from earlier in the day as almost every major benchmark in the continent traded in the green a little before European markets close for the weekend. The pan-European Stoxx 600, which was 0.2% down at its lowest, last traded up on the margin. At its highest, it reached a two-month peak. On a weekly basis, it is up by a decent 0.6%. The FTSE 100 and CAC 40 were up by 0.2% and 0.3% respectively. The [..]

Forex Market Review (European Session) – Markets digest Fed message as dollar corrects; aussie drops on Chinese downgrade

Posted on September 21, 2017 at 2:47 pm GMT

The US dollar gave back some of its gains versus its major counterparts such as the euro, the yen and the British pound after the Fed signaled the previous day it was planning to raise interest rates one more time this year. The Fed also announced that in October it would start to slowly roll back some of the stimulus it injected in the form of Quantitative Easing; the first major central bank to do so since the financial crisis [..]

Forex Market Review (European Session) – Dollar stays weak on prospect of dovish Fed later

Posted on September 20, 2017 at 2:43 pm GMT

The US dollar remained weak ahead of the Federal Reserve’s announcement and the Fed Chair’s press conference later in the session. Traders seemed to be bracing for an on balance dovish message from the Fed, even though the market still expected a rate hike at the end of the year to be more likely than not. There was virtual unanimity that the Fed would not increase rates today but rather only announce the starting date for the gradual reduction of [..]

Forex News – Jump in UK retail sales adds to rate hike expectations; pound tests $1.36 again

Posted on September 20, 2017 at 10:43 am GMT

After a notable slowdown at the end of 2016 and start of 2017, British retail sales are showing some signs of recovery, even as consumers continue to feel the pinch from falling real incomes. The volume of retail sales jumped by 1% month-on-month in August, the most in four months and surpassing expectations of 0.2%. On a 12-month basis, retail sales rose by 2.4%, beating expectations of 1.1%. Adding to the upbeat data were an upward revision to the prior [..]

Stock Market News (European Open) – Risk-on across the board; Stoxx 600 records 7-week high

Posted on September 18, 2017 at 10:01 am GMT

In terms of Asian indices, Hong Kong’s Hang Seng finished the day higher by an impressive 1.3%. The Shanghai Composite rose by 0.3% and Australia’s S&P/ASX 200 by a bit less than 0.5%. South Korea’s Kospi performed the strongest since early May, gaining close to 1.4%. Japanese markets were closed for a public holiday. The risk-off trades during Friday’s trading after North Korea performed another missile test were short-lived, failing to have much of an impact on investors’ appetite for [..]

Forex Market Review (European Session) – Dollar extends losses; BOE Vlieghe pushes pound above $1.36

Posted on September 15, 2017 at 3:19 pm GMT

The dollar could not find support on the closely watched US retail sales figures released during the European session as the numbers came in lower than forecast, while risk-off sentiment continued weighing on the currency. Among major currencies, though, the pound was the best performer as it managed to reach post-Brexit levels after BOE’s Gertjan Vlieghe signalled that a rate hike might emerge in next months. While investors anticipated US retail sales to grow by 0.1% m/m in August, the [..]

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