All Articles Tagged - UK100

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 – Pound takes a knock after CPI miss; BoC rate decision next

Posted on April 18, 2018 at 10:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar traded higher against the Japanese yen by 0.28% during the early European afternoon as risk-off sentiment continued to ease while encouraging data out of the US on Tuesday increased confidence on the US economy even further. Sterling plummeted near to a one-week trough of 1.4172 (-0.73%) versus the greenback today after UK CPI figures missed expectations, falling to one-year lows. The yearly Eurozone CPI (second estimate) also ticked below [..]

US Open Preview – Pound erases gains as wage growth disappoints

Posted on April 17, 2018 at 11:46 am GMT

Here are the latest developments in global markets: FOREX: Sterling extended yesterday’s rally towards a 22-month high of 1.4375 early today, its highest level since Britain voted to leave the European Union. However, after a disappointing wage growth print today, cable lost ground falling to 1.4315 (-0.14%) despite the unemployment rate inching down to a new 42-year low of 4.2% in February. Dollar/yen was slowly recovering losses made after Trump accused Russia and China of devaluating their currencies, something seen as indicating [..]

US Open Preview – Pound in bullish mode despite Syria strikes; US retail sales pending

Posted on April 16, 2018 at 11:36 am GMT

Here are the latest developments in global markets: FOREX: The dollar was struggling to gain ground during the early European afternoon against the Japanese yen (-0.11%) ahead of the US retail sales released later in the day. The yen was making a comeback during today’s European session as geopolitical risks were hanging in the background following Saturday’s military attack in Syria conducted by the US, France, and Britain, though the negative market reaction has been muted so far. It is worth mentioning that [..]

US Open Preview – Risk appetite resumes; oil at fresh three-year highs

Posted on April 13, 2018 at 11:36 am GMT

Here are the latest developments in global markets: FOREX: While war and trade risks have not fully faded, Trump’s tweets on Thursday showed that the US president is considering to rejoin the Trans-Pacific free trade partnership, which he pulled out in his first months in the role. His remarks also indicated that he wanted to avoid tit-for-tat tariffs with China. In the wake of the comments, investors turned focus to riskier investments, sending safe havens lower, with dollar/yen crawling up to [..]

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 – Dollar faces headwinds as geopolitical risks weigh; FOMC minutes & US CPI figures in focus

Posted on April 11, 2018 at 11:30 am GMT

Here are the latest developments in global markets: FOREX: While trade concerns seemed to ease following an encouraging speech by the Chinese President yesterday, who promised to improve the business environment for foreign companies, a pledge later outlined in more detail by the People’s Bank of China Governor, geopolitical fears appeared in the horizon. Particularly investors turned cautious after Western countries including the US and France were considering taking military action against Syria’s government in response to last week’s chemical attack [..]

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 – Stocks rebound eases after China devaluation talk but dollar edges up

Posted on April 9, 2018 at 12:07 pm GMT

Here are the latest developments in global markets: FOREX: Trade tensions continued to dominate the market theme as the US open approached. A tweet by President Trump on Sunday raised hopes that China and the US would be able to negotiate a solution to the trade spat and went some way in lifting risk appetite in Asian trading on Monday. However, a report by Bloomberg that China is considering a gradual depreciation of the yuan knocked back risk appetite and [..]

European Open Preview – Dollar steadier after NFP miss but trade and Syria tensions weigh on sentiment

Posted on April 9, 2018 at 8:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was attempting a rebound on Monday, climbing back above the 107 level against the Japanese yen after twice coming under pressure on Friday. A smaller-than-expected increase in March nonfarm payrolls out of the US followed heated exchanges between the US and China on trade, causing the dollar to undo its prior day’s gains when it rose to 5-week highs. However, comments by US President Donald Trump over the [..]

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