All Articles Tagged - IT40

US Open Preview – Euro pares losses ahead of ECB rate decision

Posted on April 26, 2018 at 11:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar index continued to trade near 3 ½ -month highs reached yesterday in the early European session on Thursday as the 10-year Treasury yields remained above 3.0% for the first time in four-years, last seen at 3.02%. Dollar/yen retained strength above the 109 key-level, with easing geopolitical and trade tensions supporting the pair as well, but was slightly down on the day at 109.28 (-0.12%). Euro/dollar, posted limited gains ahead of [..]

US Open Preview – Euro under pressure; Canadian CPI pending

Posted on April 20, 2018 at 11:47 am GMT

Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback’s strength versus six major currencies, was up, standing at 90.14 (+0.22%). Dollar/yen managed to pick up speed, rising to 107.66 (+0.28%), boosted by the strong rally in US treasury yields. Pound/dollar was flirting with two-week lows, last seen at 1.4060 (-0.20%) following a deep fall yesterday immediately after the BoE Governor, Mark Carney, signaled that the central bank may not rush to raise interest rates in [..]

European Open Preview – BoE’s Carney slams the pound; Canadian inflation & retail sales eyed

Posted on April 20, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is practically unchanged on Friday, after it posted solid gains earlier on Thursday on the back of rising US Treasury yields. Sterling/dollar was 0.3% lower, with the British pound extending the losses it posted yesterday, after BoE Governor Mark Carney hinted that a rate hike in May is not actually a done-deal. STOCKS: US markets closed lower, pressured by a notable rise in longer-term US bond yields, something that usually [..]

US Open Preview – Oil bulls unlock fresh three-year highs

Posted on April 19, 2018 at 11:11 am GMT

Here are the latest developments in global markets: FOREX: Sterling tumbled to a five-day low against the greenback (-0.06%) on Thursday during the early European afternoon as UK retail sales recorded their biggest fall in a year. This follows a strong sell-off on Wednesday when the UK CPI dropped surprisingly to one-year lows, raising doubts on whether the Bank of England will proceed with further rate increases after next month’s widely anticipated rate hike. Dollar/yen was moving slightly higher by 0.13% on the day, last trading [..]

US Open Preview – Dollar sees some gains as Kremlin calms war tensions; ECB meeting minutes next

Posted on April 12, 2018 at 11:03 am GMT

Here are the latest developments in global markets: FOREX: An exchange of war words between the two nuclear-armed powers, the US and Russia yesterday regarding strikes in Syria continued to weigh on the dollar during early European afternoon despite the FOMC minutes from the March meeting embracing a positive outlook on the economy. Still, comments by the Kremlin today, supporting that further tensions in Syria should be avoided, eased somewhat the risk-off sentiment. The dollar index rose to 89.77 but [..]

US Open Preview – Pound hits two-week highs; European stocks gain as risk-on appetite returns

Posted on April 10, 2018 at 11:38 am GMT

Here are the latest developments in global markets: FOREX: Investors continued to digest encouraging comments by the Chinese President, Xi Jinping, during the early European afternoon, driving the Chinese-linked currencies such as the kiwi and the aussie even higher. The gains appeared after Xi backed free trade and pledged to limit import tariffs, while his remarks also somewhat eased concerns over a yuan devaluation. However, a report by Bloomberg today, saying that US-China talks regarding the high-tech industry stalled last [..]

US Open Preview – Dollar treads water ahead of US inflation data

Posted on March 29, 2018 at 11:07 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against a basket of currencies yesterday, with dollar/yen surging 170 pips in a single day, though its rally is starting to lose steam again in the European session currently (-0.19%). Today, dollar traders are likely to turn their attention back to the economic calendar and the core PCE index for February. Euro and sterling were sold-off against the US dollar for the second day in a row. [..]

US Open Preview – Dollar on the rise despite trade stress; Techs push European equities lower

Posted on March 28, 2018 at 11:33 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen managed to pick up speed, rising to 105.84 (+0.49%) despite worries that tensions between the US and China could escalate again. The rise came after Trump tweeted that the meeting between the North Korean and the Chinese leaders “went very well” and that the former was “looking forward” to meet Trump. The dollar index, which gauges the greenback’s strength versus six major currencies was also up, standing at 89.51 (+0.16%) as the [..]

US Open Preview – Euro, pound erase gains; European equities cheer on trade hopes

Posted on March 27, 2018 at 11:52 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen held strong at 105.63, trading at five-day highs during the early European afternoon, underpinned by hopes that a trade war between the US and China could be averted based on encouraging comments made by US and Chinese authorities in recent days. Not so hawkish remarks delivered by the Atlanta’s Fed President, Raphael Bostic (a centrist voting member) pressured the pair temporarily after Bostic said in an interview with the Wall Street Journal published today that tax cuts might [..]

US Open Preview – Major currencies gain ground as trade fears recede; European equities move higher

Posted on March 26, 2018 at 12:26 pm GMT

Here are the latest developments in global markets: FOREX: Trump’s decision to exempt several countries from his import tariffs on Thursday and today’s headlines that China is stepping up efforts to start trade negotiations with the US, gave a lift to dollar/yen during early European trading hours, sending the pair to 105.83 (+0.37%) from a 16-month low of 104.55 touched earlier today. The dollar index, though, which tracks the dollar’s strength versus six major currencies was unable to bounce up, falling [..]

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