All Articles Tagged - IT40

US Open Preview – Safe havens advance on political risks; European equities inch up

Posted on March 16, 2018 at 12:27 pm GMT

Here are the latest developments in global markets: FOREX: Safe-haven currencies continued to benefit from risk aversion, with dollar/yen diving below the 106 key level near one-week lows, last trading at 105.64 (-0.65%). From the one hand, political turmoil in the US was pressuring the dollar after the Washington Post newspaper reported yesterday that the US President has decided to fire his national security adviser, H.R McMaster and was discussing further potential replacements. On the other hand, demand for the [..]

US Open Preview – Dollar climbs ahead of US CPI figures; European stocks edge up

Posted on March 13, 2018 at 12:12 pm GMT

Here are the latest developments in global markets: FOREX: Political scandals surrounding the Japanese Finance Minister regarding a discounted sale of state-owned land continued to pressure the yen during the European afternoon, sending dollar/yen to 107.60 (+0.80%) ahead of the release of US CPI figures which have the potential to alter risk appetite in the market. The dollar index edged up to 89.98 (+0.13%). Pound/dollar was moving sideways around 1.3880 (-0.12%), shrugging off remarks expressed by the EU Brexit negotiator Michel [..]

US Open Preview – Dollar enjoys support from risk appetite ahead of NFP report; European stocks weaker

Posted on March 9, 2018 at 12:37 pm GMT

Here are the latest developments in global markets: FOREX: Trump’s decision to exempt the US’ close trade allies Canada and Mexico from hefty import tariffs on steel and aluminum yesterday, while leaving the door open to other countries, and the announcement that he has accepted the invitation to meet the North Korean leader, Kim Yong Un, continued to support the dollar during the European trading session. The dollar index retained its gains from yesterday, last trading at 90.24 (+0.07%), whilst dollar/yen was enjoying gains at 106.77 (+0.54%) ahead of [..]

US Open Preview – Dollar waits for tariff ceremony; European stocks inch up ahead of ECB rate decision

Posted on March 8, 2018 at 12:45 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index found the opportunity to crawl up to 89.81 (+0.19%) and dollar/yen climbed to 106.13 (+0.08%) in early European afternoon as investors were waiting for more details on Trump’s import tariffs and were particularly eager to hear if any countries would get exemptions. Euro/dollar traded lower at 1.2370 (-0.34%) ahead of the ECB rate announcement where any clues on the ECB’s plans to change its forward guidance on monetary policy could [..]

US Open Preview – Dollar climbs as North Korea considers denuclearization; European stocks rise further

Posted on March 6, 2018 at 1:03 pm GMT

Here are the latest developments in global markets: FOREX: Dollar/yen rallied significantly towards 106.34 (+0.13%) during early European afternoon, reversing earlier losses on news that North Korea was willing to begin negotiations with the US and abandon its nuclear program if regime’s safety is guaranteed according to South Korean officials. Sources also stated that the South and North Korean leaders will meet for a summit at the end of April along the border. The dollar index, though, dived to 89.72 (-0.45%) [..]

US Open Preview – Euro continues to struggle amid Italian political risks; European stocks rise

Posted on March 5, 2018 at 12:54 pm GMT

Here are the latest developments in global markets FOREX: The euro remained under pressure during early European afternoon as Sunday’s elections in Italy which ended to a hung parliament, undermined Eurozone’s prospects, with Eurosceptic parties gaining some ground. However, investors’ confidence on the bloc’s economic performance and an expected grand coalition deal between Merkel’s Conservatives and their previous partners, the SPD, provided some support to the currency, with euro/dollar rising back to 1.2332 before it inched lower to 1.2295 (-0.16%). Euro/yen and euro/pound were [..]

US Open Preview – Dollar bears retake control amid trade risks; European equities dragged by automakers

Posted on March 2, 2018 at 12:52 pm GMT

Here are the latest developments in global markets: FOREX: Dollar bears remained in charge during early European trading afternoon amid trade uncertainties spurred by the US President, Donald Trump, yesterday, who said that he would impose new hefty tariffs on steel (25%) and aluminum (10%) imports. Fears that these measures could trigger a trade war between the US and the rest of the global economy including the biggest world exporter China, who responded today saying that it will safeguard its interests if harmed by the [..]

US Open Preview – Dollar holds strong ahead of Powell’s Senate speech; European equities in the red

Posted on March 1, 2018 at 12:42 pm GMT

Here are the latest developments in global markets: FOREX: Investors were in a sell mode against the pound during early European afternoon as the cloud around the Brexit story was getting larger following May’s unexpected rejection of the legal draft Brexit treaty published yesterday. Pound/dollar crawled further down to touch a fresh six-week low at 1.3726 (-0.16%). Euro/dollar also weakened towards six-week lows, inching down to 1.2185 (-0.07%) as hawkish monetary prospects in the US increased the gap between the US-EU [..]

US Open Preview – Major pairs cautious ahead of Powell’s key testimony; European equities head lower

Posted on February 27, 2018 at 12:50 pm GMT

Here are the latest developments in global markets: FOREX: Major currencies were trading flat during early European afternoon as investors were waiting for the new Fed chair, Jerome Powell, to make his first major appearance before the US Congress later today. Market watchers were cautious as any language tweaks could spur noise not only in forex markets but also in bond and stock markets as well. The dollar index which gauges the dollar’s strength against a basket of major currencies was [..]

US Open Preview – Euro pressured by political uncertainties; Canadian inflation in focus

Posted on February 23, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: Euro/dollar was under pressure during early European trading, trading lower at 1.2302 (-0.22%) as uncertainties in the political front loomed in the background ahead of the Italian general election and the German’s polls on whether Merkel’s Conservatives will formally lead the government under a coalition agreement with their former coalition partners, the SPD. Pound/dollar jumped to an intra-day high of 1.3993 (+0.14%). on hopes that the Bank of England would raise interest rates faster than [..]

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