All Articles Tagged - UK100

US Open Preview – Dollar bulls remain in control ahead of Fed chief’s prepared remarks

Posted on July 13, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index (+0.38%) continued its march higher during the European trading session on Friday, with little in the way of fresh news to guide price action. It is currently trading near 95.18, and if the bulls remain in control, it could soon test its highs for the year at 95.53. Reflecting the strength in the US currency, euro/dollar is down by 0.42% at 1.1622. Dollar/yen, although having surged earlier in [..]

US Open Preview – Dollar marches higher as yen retreats; US CPI inflation & Brexit plan eyed

Posted on July 12, 2018 at 11:29 am GMT

Here are the latest developments in global markets: FOREX: Dollar/yen continued to advance during the European trading session on Thursday, rising by 0.49% in the day to touch a fresh seven-month high of 112.55, with the yen failing to draw any support from reports President Trump has threatened to withdraw the US from NATO. Meanwhile, euro/dollar was down marginally (-0.03%), ahead of the release of the ECB minutes from the June meeting at 1130 GMT, where investors will look for clues [..]

US Open Preview – Dollar up, gold & yen down despite trade fears; BoC rate decision pending

Posted on July 11, 2018 at 12:06 pm GMT

Here are the latest developments in global markets: FOREX: The US dollar continued its positive move (+0.23%) versus the Japanese yen on Wednesday and is set to post the third consecutive bullish day, while the US dollar index rose by 0.29%. Pound/dollar edged down by 0.25%, whilst euro/dollar dived by 0.35% to trade near the 1.1700 psychological level. Commodity-linked currencies headed lower after Trump’s administration warned China with further tariff measures targeting $200 billion products imported from the country. Aussie/dollar tumbled by 0.91% [..]

US Open Preview – Data miss drag euro and pound lower; dollar hits 7-week highs versus yen

Posted on July 10, 2018 at 11:15 am GMT

Here are the latest developments in global markets: FOREX: The British pound had a negative ride after the resignation of the UK Foreign Minister, Boris Johnson on Monday, because of disagreements with the Prime Minister, Theresa May, over the Brexit strategy. Also, pound/dollar reversed today’s gains in the wake of worse-than-expected industrial and manufacturing production figures, moving slightly lower by 0.04% on the day. The former decreased by 0.4% m/m in May after retreating by 1.0% in April, while the latter jumped by 0.4% following a decline of 1.3% [..]

US Open Preview – Pound finds some buyers amid “smooth Brexit” speculation

Posted on July 9, 2018 at 11:33 am GMT

Here are the latest developments in global markets: FOREX: Sterling opened with a positive gap today, following news that the UK Brexit Secretary, David Davis, has resigned. UK Prime Minister Theresa May appeared to have agreed with her cabinet on the Brexit plan on Friday. On Monday, pound/dollar advanced by 0.42%, rising to a 3-week high of 1.3362, with Dominic Raab being appointed new Brexit Minister. The US dollar underperformed on Friday and Monday against a basket of six major currencies, as the US jobs report was [..]

US Open Preview – Dollar moves with caution ahead of NFP employment report

Posted on July 6, 2018 at 11:29 am GMT

Here are the latest developments in global markets: FOREX: The US started collecting a 25% import tariff on Chinese products worth $34 billion on Friday midnight. According to media, China has immediately activated its countermeasures today as well, with dollar/yen remaining unaffected at 110.63 (+0.01%) as investors have already priced in the news, turning focus to the all-important NFP employment report due later on Friday instead. The dollar index, though, which gauges the greenback’s strength against six major currencies was struggling [..]

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 [..]

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