All Articles Tagged - GER30

US Open Preview– Brexit clock ticks down but pound steady; H&M drags stocks

Posted on December 15, 2017 at 11:57 am GMT

Here are the latest developments in global markets: FOREX: The dollar continued to trade near yesterday’s lows versus its major peers as tax risks kept weighing on the currency after another US Senate Republican warned to give a “no-vote” on the promised tax cuts. Dollar/yen was weaker at 112.18 (-0.18%). Euro/dollar posted moderate gains, rising marginally above the 1.1800 key-level (+0.20%) as yesterday’s dovish ECB signals on eurozone’s inflation restricted larger gains. The pound was steady at $1.3418, while the kiwi remained the best performer, [..]

US Open Preview– Dollar steadies ahead of Fed rate decision; European stocks mostly down

Posted on December 13, 2017 at 1:07 pm GMT

Here are the latest developments in global markets: FOREX: The dollar remained flat near intraday lows, last trading around 113.30 versus the yen (-0.21%), as the Democrats Senate win in Alabama weakened Republicans’ majority, threatening the Trump administration’s future economic agenda. The pound climbed higher towards 1.3350 (+0.23%) after the UK employment data showed that in the three months to October, earnings excluding bonuses surprisingly inched up on a yearly basis, while the unemployment rate stood flat at a four-decade low. [..]

US Open Preview– Dollar weaker ahead of JOLT’s job openings; stocks hold strong

Posted on December 11, 2017 at 12:08 pm GMT

Here are the latest developments in global markets: FOREX: The pound was steady around $1.3385 despite May saying there is a new “sense of optimism” in the Brexit talks on Monday after she satisfied the European Commission’s demand last week on the three key divorce elements. However, the outline agreed must be voted by all European members at Thursday’s summit for negotiations to move officially to trade discussions. The dollar was weaker against a basket of major currencies as investors [..]

US Open Preview–Dollar strengthens ahead of NFP report; stocks up

Posted on December 8, 2017 at 12:46 pm GMT

Here are the latest developments in global markets: FOREX: The dollar gained further momentum, crawling towards a fresh three-week high of 113.58 (+0.36%) versus the yen during early European trading hours as investors remained confident after a potential government shutdown in the US was averted on Thursday. The dollar index broke above the 94 key level (+0.25%). The pound stalled around 1.3463 (-0.19%) after reaching a four-day high of 1.3512 against the greenback, while it consolidated near six-month highs versus the euro (+0.10%). Although the EU announced that “sufficient progress” has been made on Brexit [..]

US Open Preview – Dollar gains on tax reforms momentum; stocks climb on tech recovery

Posted on December 7, 2017 at 12:13 pm GMT

Here are the latest developments in global markets: Forex: The dollar index moved higher to a fresh two-week high of 93.73 (+0.13%) as a layer of uncertainty was removed after the US Senate Republicans and the House of Representatives agreed yesterday to continue talks on tax reforms. However, risks remain on the side of the government budget which expires on Friday midnight. Dollar/yen was last seen at 112.70 (+0.37%), dollar/swissie was trading at a two-week high of 0.9922, while dollar/loonie [..]

US Open Preview – Brexit bears lead pound; stocks continue declining; BOC rate decision pending

Posted on December 6, 2017 at 12:27 pm GMT

Here are the latest developments in global markets: Forex: Sterling stretched toward a fresh one-week low of 1.3360 (-0.61%) as fears over a potential impasse in Brexit talks, which could postpone negotiations until February and therefore scale back business investments, lingered in the background. The dollar steadied versus the yen near one-week lows as concerns over a government shutdown offset positive sentiment related to the delivery of tax reforms. The euro was trading flat against the greenback at 1.1824, while versus sterling it managed to [..]

US Open Preview – Sterling struggles as Brexit fears loom; stocks down; dollar & loonie gather attention

Posted on December 5, 2017 at 12:10 pm GMT

Here are the latest developments in global markets: Forex: The Australian dollar continued to trade around three-week highs at $0.7645 (+0.63%) following upbeat data on retail sales and the RBA’s decision to keep rates steady at record low levels. In the Eurozone though, retail sales disappointed markets with the measure diving unexpectedly to a three-week low as food prices fell sharply. Euro/dollar retreated in the wake of the data but erased its losses afterwards, trading flat at $1.1872. Sterling dipped to a five-day [..]

US Open Preview – Pound in shape after positive Brexit signals; stocks up; US tax updates eyed; US factory orders awaited

Posted on December 4, 2017 at 12:47 pm GMT

Here are the latest developments in global markets: Forex: Sterling rallied above 1.35 against the dollar and touched a fresh one-month high versus the euro after EU parliamentary members of the Brexit group said there was a “very good chance” of a deal and that May’s meeting with the President of the European Commission could resolve main issues. The euro was on track to post a second red daily candle on the back of a stronger dollar despite the Eurozone’s Sentix investors confidence index in [..]

Stock Market Update – Europe gains broadly as tax bill boosts sentiment; US markets expected to open higher

Posted on December 4, 2017 at 11:41 am GMT

In Asia, the Japanese Nikkei 225 and Topix indices both finished the day lower by 0.5%. Hong Kong’s Hang Seng rose by 0.2%, while the Shanghai Composite retreated by the same proportion. Australia’s S&P/ASX 200 slid by 0.1%. It is interesting that Asian equities didn’t benefit from upbeat sentiment following the passage of the much-talked tax bill by the US Senate over the weekend, neither – in the case of Japanese stocks –from the rising dollar/yen pair. European bourses however, traded [..]

US Open Preview – Pound slips; stocks decline; US tax vote awaited; Canada’s GDP growth eyed

Posted on December 1, 2017 at 12:40 pm GMT

Here are the latest developments in global markets: FOREX: The pound turned to be the worst performer among major currencies despite impressive manufacturing PMI figures, trading below the $1.3500 key level after touching a fresh two-month high of 1.3548 early in the Asian trading (-0.25%). Eurozone’s manufacturing PMI stood at multi-year highs, but the euro pared earlier gains, falling back to 1.1900. Dollar/yen remained flat at 112.33, while dollar/loonie was steady at 1.288. The kiwi overperformed its peers, jumping to [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

GER30

XM Live Chat