All Articles Tagged - UK100

US Open Preview– Pound slips as Brexit talks resume; dollar waits for PCE inflation

Posted on January 29, 2018 at 12:53 pm GMT

Here are the latest developments in global markets: FOREX: The dollar consolidated gains earned early in the day on the back of rising US bond yields which jumped to peaks last seen in 2014. The dollar index was trading at 89.60 (+0.22%) and dollar/yen was steady at 108.70 (+0.05%). Euro/dollar eased to 1.2397 (-0.19%) as German bonds yields continued to rise for the fourth day reaching two-year highs after the Dutch central bank said on Sunday that the ECB should [..]

US Open Preview: Dollar surrenders Trump-related gains ahead of key data and speeches

Posted on January 26, 2018 at 12:23 pm GMT

Here are the latest developments in global markets: FOREX: The dollar has remained on the back foot, with the dollar index being almost 0.6% lower, giving back nearly all the gains it posted yesterday following President Trump’s comments. The biggest beneficiaries of the greenback’s weakness were the Swiss franc and the British pound, both trading 0.8% higher against the USD. The Australian dollar followed closely, with aussie/dollar up 0.7%. Dollar/loonie was down more than 0.5%, weighed on by a weaker greenback [..]

US Open Preview– Euro stalls ahead of ECB policy meeting; oil hits fresh 3-year highs

Posted on January 25, 2018 at 12:38 pm GMT

Here are the latest developments in global markets: FOREX: The dollar stalled its downtrend near today’s 4 ½ -month lows versus the yen, last seen at 108.97 (-0.16%), and remained flat close to 3-year lows of 89.06 against a basket of currencies as traders continued to digest the comments made by the US Treasury Secretary who said that a weaker dollar is more attractive for trade purposes. Pound/dollar slipped to 1.4252 (+0.08%) during early European trading hours after breaking 1.4327 – [..]

US Open Preview– Sterling shines above $1.41; New Zealand reports on inflation

Posted on January 24, 2018 at 12:37 pm GMT

Here are the latest developments in global markets: FOREX: Better than expected employment readings and growing hopes of a softer Brexit pushed pound/dollar to 1.4151 (+1.04%) during early European trading hours and led euro/pound down to a 5-week low of 0.8746 (-0.75%). Euro/dollar edged up to fresh 3-year highs at 1.2355 (+0.28%) after Eurozone’s Markit composite PMI surprisingly hit a new all-time high. On the other hand, dollar/yen extended losses towards a 4 ½-month low of 109.36 and the dollar index [..]

US Open Preview– Yen gains ground despite dovish Kuroda; European stocks hit new highs

Posted on January 23, 2018 at 12:45 pm GMT

Here are the latest developments in global markets: FOREX: The yen posted a strong rally towards an intra-day high of 110.38 (+0.38%) per dollar during early European trading hours. This came after a decline earlier in the day when the BOJ chief, Haruhiko Kuroda, downplayed plans on stimulus reduction. Upbeat data on Eurozone’s ZEW economic sentiment offered little for the euro, with euro/dollar recovering to 1.2256 (-0.13%). Pound/dollar dipped into losses, falling to 1.3944 (-0.30%) after touching 1.4000 during the Asian session. The [..]

US Open Preview– Dollar pressured as government shutdown weighs; European stocks flat

Posted on January 22, 2018 at 12:43 pm GMT

Here are the latest developments in global markets: FOREX: The dollar remained under pressure against its major counterparts during the European afternoon as the government shutdown on Friday limited any buying interest for the currency, driving the dollar index down to 90.43 (-0.13%). Dollar/yen edged down to 110.68 after attempting to break above the 111 key-level, with the focus being on the BOJ’s policy decision on Tuesday. Euro/dollar reversed earlier losses, rising to 1.2253 (+0.27%) as political concerns in Germany faded, while pound/dollar managed to crawl back to [..]

US Open Preview – Dollar index holds losses on funding bill uncertainty; European stocks hit fresh highs

Posted on January 19, 2018 at 12:42 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index remained pressured near three-year lows, at 90.34 (-0.16%), as investors were waiting for US Senators to prevent a potential government shutdown today. Traders were also pricing that the dollar might lose steam versus its peers if other central banks follow the Fed by tightening monetary policy. Dollar/yen lost 0.38%, retreating to an intra-day low of 110.48. Pound/dollar reversed today’s gains, edging down to 1.3873 after monthly retail sales in the UK [..]

US Open Preview– Dollar weakens ahead of US house data; European stocks strengthen

Posted on January 18, 2018 at 12:26 pm GMT

Here are the latest developments in global markets: FOREX: The dollar index deviated below one-week highs reached earlier in the Asia session, edging down to 90.62 (+0.10%). Higher US Treasury yields and hopes on corporate tax repatriations contributed positively to the index’s performance earlier. Dollar/yen was flat at 111.24 (-0.03%) and dollar/swissie tumbled to 0.9592 (-0.64%). Euro/dollar stretched its uptrend to 1.2236 (+0.42%) and pound/dollar rose to 1.3874 (+0.36%), potentially due to the positive sentiment related to Brexit developments. Aussie/dollar [..]

US Open Preview – Dollar remains in green; Bank of Canada decision the session’s highlight

Posted on January 17, 2018 at 12:23 pm GMT

Here are the latest developments in global markets: FOREX: The US currency remained in the green versus a basket of currencies, while it is of note it managed to rebound after touching its lowest since December 2014 earlier on Wednesday. The dollar index was last up by 0.35% at 90.70. STOCKS: Most European bourses were in the red around midday on the back of updates on earnings that, for the most part, disappointed investors. The pan-European Stoxx 600 was marginally [..]

US Open Preview – Dollar posts gains though still trades near lows; kiwi traders eye dairy auction

Posted on January 16, 2018 at 12:41 pm GMT

Here are the latest developments in global markets: FOREX: After considerable declines in the days that preceded, the dollar is in the green relative to other major currencies during today’s trading, though it managed to recover only a relatively small portion of earlier losses. The dollar index was 0.3% up at 90.73. On Monday it touched 90.46, its lowest since early 2015. The British currency experienced some losses following the release of UK inflation data. STOCKS: European bourses were broadly [..]

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