All Articles Tagged - US30

European Open Preview – Risk aversion fades as Turkey jitters take back seat; UK employment data in focus

Posted on August 14, 2018 at 7:40 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.2% lower on Tuesday, looking set to extend the modest losses it recorded yesterday. The safe-haven Japanese yen is also on the back foot, as the risk-aversion emanating from Turkey subsided somewhat, for now at least. Conversely, the euro and pound are a little higher, attempting to recover some of their latest losses. The Turkish lira – which has been at the epicenter of attention lately – [..]

European Open Preview – Dollar demand an unstoppable force; US inflation & UK GDP on the agenda

Posted on August 10, 2018 at 8:05 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher by 0.63% on Friday, extending the significant gains it posted in the previous session and touching a new 13-month high. The euro and the pound are the main underperformers, both posting fresh multi-month lows against the greenback. The yen, meanwhile, remains firm amid risk-off tones. In EM, dollar/lira briefly broke above the 6.000 handle, with the pair being up by nearly 7.0% earlier in the [..]

European Open Preview – Kiwi plummets on dovish RBNZ; US PPI and US-Japan trade meeting on the horizon

Posted on August 9, 2018 at 7:34 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Thursday, after posting some relatively small losses (-0.13%) in the previous session. Meanwhile, the kiwi collapsed overnight, falling by nearly 1.4% against the dollar, after the RBNZ pushed further back the anticipated timing of its first planned rate increase and reiterated that a rate cut remains on the table. The British pound struggled as well, touching fresh multi-month lows against its major peers as speculation [..]

European Open Preview – Euro advances as sterling & dollar retreat; RBNZ meeting eyed

Posted on August 8, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which measures the greenback’s performance against a basket of six major currencies – is down by 0.13% on Wednesday, extending the pullback that started in the previous session. The euro capitalized both on the dollar’s correction and on some weakness seen in sterling. Meanwhile, the loonie plunged even in the absence of any NAFTA news. STOCKS: US markets continued their upward march on Tuesday, with the lack of any significant [..]

Stock Market News – Disney eyed ahead of earnings report; stock’s all-time high within reach

Posted on August 7, 2018 at 2:05 pm GMT

Disney’s earnings report for its fiscal third quarter will be made public after Tuesday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which is in line with the average consensus recommendation for the Broadcasting peer group. The media and entertainment conglomerate’s quarterly earnings per share (EPS) are anticipated to come in at $1.95, according to Thomson Reuters consensus estimates. Current projections are the result of a downward revision from $1.97 from four weeks ago, while if [..]

European Open Preview – British pound suffers “Brexit blues”

Posted on August 7, 2018 at 7:43 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is lower by a little more than 0.10% on Tuesday, giving back some of the gains it posted yesterday. Meanwhile, the British pound retreated across the board on Monday, as speculation intensified that the UK could exit the EU without any deal. Elsewhere, the aussie ticked up after the RBA was perceived to be a little more optimistic, on the margin, upon completion of its policy meeting earlier today. STOCKS: US [..]

European Open Preview – Yen gains support on trade tensions

Posted on August 6, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly 0.2% higher on Monday, in the aftermath of the US jobs report on Friday, which was slightly softer than consensus expectations, but still relatively strong overall. Meanwhile, the Japanese yen, attracted some safe-haven flows on Friday, ending the day higher across the board after China unveiled a list of $60bn worth of US goods it plans to impose tariffs on. STOCKS: Wall Street closed higher on Friday, undeterred by the [..]

European Open Preview – Dollar stands at 2-week highs ahead of US jobs report

Posted on August 3, 2018 at 8:10 am GMT

Here are the latest developments in global markets: FOREX: The dollar was up on the margin versus a basket of currencies on Friday and at a two-week high after rising considerably on Thursday. The outcome of the US jobs report due later today, as well as any developments on global trade may constitute the next catalysts to steer the currency in either direction. STOCKS: The Dow Jones finished Thursday’s trading marginally lower, with the S&P 500 and Nasdaq Composite edging higher by 0.5% and 1.2%. [..]

European Open Preview – Dollar continues advancing, buoyed be upbeat Fed; Bank of England and trade tensions in focus

Posted on August 2, 2018 at 8:05 am GMT

Here are the latest developments in global markets: FOREX: The dollar’s index against a basket of currencies was on its third straight day of advancing on Thursday – up by a bit less than 0.2% – after it was supported the previous day by the Federal Reserve’s positive assessment of the US economy. STOCKS: The Dow Jones and the S&P 500 retreated by 0.3% and 0.1% respectively on Wednesday, as US-China trade tensions which were front and center weighed on [..]

European Open Preview – Fed set for “hawkish hold”? Trade back in the spotlight

Posted on August 1, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher by 0.17% on Wednesday, ahead of the Fed policy decision at 1800 GMT, and building on the gains it posted in the previous session. The yen continued to retreat yesterday after the BoJ implicitly signaled it will keep its policy rates “low for longer”. The aussie and the kiwi both took a modest hit overnight, after media reports suggested the US may impose “heavier” tariffs on Chinese [..]

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