All Articles Tagged - GER30

US Open Preview – German data and trade hopes send euro to 1-week highs; FOMC meeting minutes in focus

Posted on July 5, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: The dollar was erasing yesterday’s losses made against the Japanese yen, last seen at 110.62 (+0.16%) as investors were optimistic that the FOMC meeting minutes due later today would deliver an overall hawkish message after June’s gathering signaled four rate hikes in total this year instead of three previously. The dollar index though was on the backfoot at 94.30 (-0.37%), pressured by a stronger euro and pound. Euro/dollar rallied significantly to touch a more-than-a [..]

US Open Preview – Investors look to safe havens as trade worries linger

Posted on July 4, 2018 at 11:53 am GMT

Here are the latest developments in global markets: FOREX: With US markets being closed for Independence Day and trade risks discouraging investors from buying the dollar ahead of a deadline on Friday, when US import tariffs on $34 billion Chinese goods will take effect, the dollar was marginally down on the day against the safe-haven Japanese yen at 110.47 (-0.10%). The dollar index was flat at 94.67 as the euro turned weaker, whereas the pound continued to trade in positive territory. Euro/dollar slipped to 1.1634 [..]

US Open Preview – Dollar index gives up gains; euro, pound up

Posted on July 3, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: Ahead of the Independence Day celebration in the US on Wednesday and the FOMC meeting minutes on Thursday, dollar/yen paused at 110.87 (-0.01%) early in the European session, while the dollar index which gauges the greenback’s strength against a basket of six major currencies was weaker at 94.67 (-0.37%) as the euro and the pound were attracting some interest. Euro/dollar fully recovered yesterday’s losses as the leading coalition parties in Germany managed on Monday to break [..]

US Open Preview – Pound bears cheer after Haskel doubts BoE rate hike; Gold hits fresh 6-month lows

Posted on June 26, 2018 at 11:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar held steady versus the Japanese yen today (-0.10%), taking a breather after today’s earlier sell-off movement. The US dollar index rose by 0.22% though, currently hovering near the 94.48 level. Traders are awaiting the figures on the Fed’s preferred inflation measure, the core PCE (personal consumption expenditures) index on Friday. Moreover, investors will keep their focus on the Trump administration’s trade and investment restrictions as yesterday the US Treasury Secretary Steven [..]

US Open Preview – Trade risks elevate the yen; European stocks tumble

Posted on June 25, 2018 at 11:35 am GMT

Here are the latest developments in global markets: FOREX: During Monday’s trading session, the dollar was moving lower by 0.47% against the Japanese yen after the US President Donald Trump threatened on Friday to impose a 20% tariff on cars imported from the EU. The dollar index though, which tracks the strength of the greenback against six major currencies, managed to climb to 94.58 (+0.08%) as the euro and the pound remained under pressure. Euro/dollar slipped by 0.06% from an intra-day high of 1.1673 to 1.1649. Euro/yen was also [..]

US Open Preview – Oil stays bullish as OPEC seen near agreement; Euro cheers on upbeat PMIs

Posted on June 22, 2018 at 11:59 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen was posting moderate gains on Friday, inching up to 110.14 (+0.14%) as uncertainties around US-Chinese trade relations were still high. The two giant world exporting economies exchanged additional threats of import tariff measures this week, with the Chinese Ministry of Commerce characterizing US trade protectionism on Friday as “self-defeating and a symptom of paranoid delusions”. The dollar index was down for the second day, last seen at 94.62 (-0.12%) as the euro and the pound remained [..]

US Open Preview – Pound posts fresh lows ahead of BoE rate decision; oil tumbles

Posted on June 21, 2018 at 10:57 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen lacked direction for a third day, moving sideways around 110.40 (+0.05%), while the dollar index hit a fresh 11-month high at 95.52 (%?), advancing on the back of a weaker euro and pound. Earlier in the day, US 10-year government bond yields had spiked to a 1-week high of 2.95% but they soon returned to 2.91%. Euro/dollar was in pain as trade uncertainties remained in the air, while in Italy, Eurosceptic Alberto Bagnai, was appointed as the [..]

European Open Preview – Dollar reaches new heights; Bank of England at the center of attention

Posted on June 21, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.3% higher on Thursday, touching a fresh high for 2018. Safe-haven currencies such as the yen and the Swiss franc are on the back foot, down by nearly 0.3% and 0.2% respectively against the greenback as trade concerns have moved to the background for now. Commodity-linked currencies like the loonie, aussie, kiwi, are also on the retreat, with the first two trading at one-year lows versus the dollar. [..]

US Open Preview – Sterling ticks down to fresh 7-month lows ahead of Parliamentary vote

Posted on June 20, 2018 at 11:55 am GMT

Here are the latest developments in global markets: FOREX: In the absence of key data releases, the dollar was trading flat against the safe-haven yen at 110.04 , while the dollar index was also steady at 95.07 as investors were eagerly waiting to see how the tit-for-tat game between China and the US will evolve. The euro continued to struggle for the second day, changing hands lower at 1.1557 (-0.26%), with the European Commission giving its final approval for tariffs to be imposed on imported US goods worth [..]

US Open Preview – Euro slips again as dovish Draghi reiterates conditional QE end

Posted on June 19, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: During the early European afternoon, the dollar was pushing hard to recover losses made on the face of rising trade uncertainties as the US President was looking to impose additional trade tariffs on China, with dollar/yen inching up to 109.87 but remaining down on the day (-0.67%). The dollar index, though, which tracks the strength of the greenback against six major currencies managed to jump to an 11-month high of 95.26 (+0.47%) [..]

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