All Articles Tagged - UK100

US Open Preview – Euro continues recovery as Italy looks for early elections; BoC rate decision ahead

Posted on May 30, 2018 at 11:27 am GMT

Here are the latest developments in global markets: FOREX: The single currency rebounded on Tuesday’s 10-month low near 1.1500 against the greenback (+0.67%) as concerns about Italy’s political crisis remains in focus and there is a chance of new elections taking place on July 29. In data, economic sentiment in the Euro area came in slightly higher than expected in May at 112.5 but below the April’s mark of 112.7. Pound/dollar traded higher by 0.14% to 1.3269 following the 6-month low of 1.3203 that it posted on Tuesday. Dollar/yen rose above [..]

European Open Preview – Euro catches its breath after slide; Bank of Canada decides

Posted on May 30, 2018 at 8:02 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by roughly 0.1% on Wednesday, giving back some of the gains it posted yesterday, when it touched its highest point since early November. Meanwhile, although the euro posted considerable losses yesterday, it has rebounded somewhat today, trading higher by 0.3% versus the yen and 0.25% against the dollar. STOCKS: Wall Street was slammed yesterday, with all major US indices posting hefty declines as Italy’s political [..]

US Open Preview – Italian politics push euro to 10-month low versus the greenback; US consumer confidence due

Posted on May 29, 2018 at 11:08 am GMT

Here are the latest developments in global markets: FOREX: The euro continued to bleed as the European trading session unfolded, with euro/ dollar touching 1.1506 at its lowest, this being a nadir last experienced in July last year. Political uncertainty in Italy, and to a lesser extent in Spain, were seen as factors behind the common currency’s decline. The traditional safe-haven yen gained ground versus both the dollar and the euro, most notably the latter; euro/yen was down by more [..]

US Open Preview – Oil loses ground as Russia and Saudi Arabia discuss supply increases

Posted on May 25, 2018 at 11:37 am GMT

Here are the latest developments in global markets: FOREX: The US dollar rose 0.18% versus the yen after three straight days of declines. Meanwhile, the US dollar index jumped by 0.13% to 93.87. Euro/dollar fell by 0.09% and is set to complete the sixth week of declines in a row as concerns over Italy’s debt outlook weighed on sentiment. Pound/dollar moved lower by 0.21% to 1.3347 on Friday as investors eyed UK GDP data for signs of whether the BOE will raise interest rates. The British economy expanded 0.1% q/q [..]

US Open Preview – Pound jumps on retail sales; euro gains ahead of ECB meeting minutes

Posted on May 24, 2018 at 11:23 am GMT

Here are the latest developments in global markets: FOREX: The US dollar lost more momentum after the minutes of the Federal Reserve’s last policy meeting were seen as dovish and the US President Donald Trump raised the prospect of new tariffs on imported cars similar to those introduced on steel and aluminum in March. Dollar/yen traded lower by 0.31% on Thursday, posting a 10-day low of 109.32. The US dollar index stepped back to 93.72 from its five-month high (-0.29%). Euro/dollar edged higher by 0.26%, following the pullback [..]

US Open Preview – Data misses push euro, pound lower; FOMC meeting minutes ahead

Posted on May 23, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The spur from optimism in US-China trade talk was weakened quickly today and the markets are trading lower. The Japanese yen surged broadly today and was trading as the strongest one against major currencies. Dollar/yen plunged by 1.12%, slipping below the 110.00 handle ahead of the FOMC minutes later in the day. However, the US dollar index moved higher by 0.27%, approaching again the 5-month high of 93.94. The Euro edged sharply lower by 1.58% versus the [..]

US Open Preview – Pound gains on BoE rate hike comments

Posted on May 22, 2018 at 11:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar eased from the 5-month high of 111.39 against the Japanese yen (-0.10%) reached on Monday on the back of rising US Treasury yields and easing US-China trade tensions. The US dollar index was on the back foot as well, losing 0.34% after a touch at 94.05, the highest level marked since December. Pound/dollar rallied initially towards 1.3454 finding support from comments made by Bank of England policymaker Gertjan Vlieghe who [..]

US Open Preview – Euro falls down the stairs amid political risks

Posted on May 21, 2018 at 11:31 am GMT

Here are the latest developments in global markets: FOREX: The US dollar advanced considerably versus the Japanese yen on Monday (+0.46%) after the US Treasury Secretary Steven Mnuchin said on Sunday that the US trade war with China is “on hold”. Dollar/yen created a fresh 4-month high at 111.38, while the US dollar index added 0.31% to its performance, creating a 5-month high at 94.05. Pound/dollar plunged to a 5-month low of 1.3394 (-0.46%) ahead of key data this week which [..]

US Open Preview – Canadian inflation awaited; trade talks loom in background

Posted on May 18, 2018 at 11:08 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index edged higher on Friday (-0.05%), approaching once again the 5-month high of 93.63. The greenback remains one of the best-performing currencies this week, drawing support from the surge in 10-year US Treasury yields. Dollar/yen jumped to a new 4-month high near the 111.00 handle, adding 0.17% to its performance today. Euro/dollar inched down to 1.1777 (-0.11%) and approaches the 2018 low of 1.1762. The pair is set to post the fifth [..]

US Open Preview – US Treasury yields lead dollar versus yen to 4-month highs

Posted on May 17, 2018 at 11:20 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is set to extend its gains for the fourth day in a row against the Japanese yen (+0.25%). The pair posted a fresh 4-month high of 110.73 during the early European session as the long-term US Treasury yields continued to rally, touching 3.12%, the highest level reached since 2011. The US dollar index tried to create further gains, moving higher by 0.03%. Euro/dollar fell by 0.14% so far on the day and [..]

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