All Articles Tagged - UK100

European Open Preview – Dollar inches up ahead of Fed decision; UK CPI coming up

Posted on June 13, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher by a little more than 0.1% on Wednesday, ahead of the Fed policy decision at 1800 GMT, where the central bank is widely anticipated to raise interest rates. In the UK, sterling managed to rebound against the euro and the yen yesterday, following a vote in Parliament that was interpreted as making a “softer” Brexit more likely. STOCKS: US markets closed mixed on Wednesday, with the Nasdaq [..]

US Open Preview – Sterling heads up despite a miss in wage numbers; Brexit vote in Parliament eyed

Posted on June 12, 2018 at 11:50 am GMT

Here are the latest developments in global markets: FOREX: The greenback moved higher to a new three-week high of 110.49 versus the Japanese yen on Tuesday (+0.22%) after a successful meeting between the US President Donald Trump and the North Korean leader Kim Jong Un during the Asia session. They agreed to achieve a complete denuclearization of the Korean peninsula while Washington committed to provide security guarantees to North Korea but kept sanctions against its old enemy in place for now. Later in the day, [..]

European Open Preview – Risk appetite buoyed by geopolitics; UK jobs data due in the midst of Brexit developments

Posted on June 12, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% higher on Tuesday, ahead of the release of the US inflation data for May and as the Fed kicks off its two-day policy gathering. Meanwhile, the yen is on the back foot as the encouraging outcome in the Donald Trump – Kim Jong-un meeting is supporting risk appetite and diverting flows out of haven assets. STOCKS: Wall Street indices closed higher on Monday, though the gains were [..]

US Open Preview – Dollar enjoys gains as attention shifts to geopolitics and monetary policy

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

Here are the latest developments in global markets: FOREX: The US dollar managed to cross slightly above the 110.00 key level against the Japanese yen on Monday to reach an intraday high of 110.06 ahead of a historic summit between the US President and the North Korean leader on Tuesday and the conclusion of the two-day FOMC policy meeting on Wednesday. The US dollar index which measures the greenback’s performance against a basket of six major currencies moved slightly higher by 0.07% today. Euro/dollar edged [..]

US Open Preview – Investors look for safe havens ahead of G7 summit

Posted on June 8, 2018 at 11:56 am GMT

Here are the latest developments in global markets: FOREX: Despite optimism that the ECB will end its QE program by the end of this year, the euro went downhill on Friday against its US counterpart as appetite for riskier assets eased on fears trade tensions could heighten if the US and its G6 partners fail to reach agreement on a joint statement at today’s meeting in Quebec, Canada. The pair also lost ground after German trade numbers indicated a narrower trade surplus in the biggest EU economy, with euro/dollar crawling down to 1.1748 (-0.41%) after [..]

US Open Preview – Dollar takes the back seat as euro, pound move forward

Posted on June 7, 2018 at 11:16 am GMT

Here are the latest developments in global markets: FOREX: The euro kept shining during the early European afternoon as yesterday’s comments by ECB officials raised speculation that the central bank was preparing to exit its quantitative program by the end of this year, with the announcement probably coming as soon as next week. Euro/dollar managed to peak at a fresh three-week high of 1.1837 before it fell to 1.1815 (+0.39%), being the best performer among its major peers. Against the yen, [..]

US Open Preview – Euro up as ECB officials see end of QE

Posted on June 6, 2018 at 11:47 am GMT

Here are the latest developments in global markets: FOREX: The dollar unlocked a fresh two-week high of 110.14 (+0.31%) against the Japanese yen early in the European afternoon as another round of data released yesterday enhanced once again optimism on the US economy despite trade risks hanging in the background. The dollar index, though, which gauges the strength of the dollar versus six major currencies was down on the day at 93.68 (-0.23%) thanks to the rising euro and pound. Euro/dollar [..]

US Open Preview – Euro heads north as investors’ rate optimism resumes; RBA rate decision next

Posted on June 4, 2018 at 11:58 am GMT

Here are the latest developments in global markets: FOREX: The Australian dollar continued to outperform its peers rallying by 1.12% against its US counterpart and by 1.20% against the Japanese yen as upbeat retail sales readings and business inventories raised growth prospects ahead of the release of Q1 GDP growth on Wednesday. Its New Zealand cousin was also moving higher, elevated by 0.82% versus the greenback, despite markets in New Zealand being closed for public holiday. Euro/dollar and euro/yen climbed to 1 ½-week highs [..]

US Open Preview – Dollar up on yen despite trade noise; NFP employment report the next challenge

Posted on June 1, 2018 at 11:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar edged higher by 0.38% on Friday against the Japanese yen and jumped above the 109.00 psychological level ahead of the US employment report for May later in the day. It is the last NFP data before the June Fed meeting. The US dollar index – which tracks the greenback’s performance versus a basket of six major currencies – traded slightly higher by 0.07% at 94.05. Meanwhile, euro/dollar is poised to post its first week [..]

US Open Preview – Euro holds up on political relief; US core PCE inflation ahead

Posted on May 31, 2018 at 11:42 am GMT

Here are the latest developments in global markets: FOREX: The euro extended its gains on Thursday by 0.33% against the US dollar as Italian bond yields fell amid signs that Italy is trying to form a government, potentially avoiding an early election. In terms of data, the Eurozone CPI rose by 1.9% y/y in May above April’s growth mark of 1.2%, while the unemployment rate decreased to 8.5% in April, following an upwardly revised 8.6% in March, compared with the forecast of 8.4%. Dollar/yen moved lower by [..]

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