All Articles Tagged - US500

European Open Preview – Trump fires fresh tariff salvo, how will China “strike back”?

Posted on September 18, 2018 at 8:04 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is down fractionally on Tuesday (-0.08%), extending the notable losses it posted in the previous session, unable to attract safe-haven inflows even despite a fresh escalation in the US-China trade standoff. The pound gained ground on Monday alongside the euro as investors positioned for an EU summit that commences tomorrow, with expectations for a Brexit breakthrough riding high. STOCKS: US markets closed in the red on Monday, weighed [..]

European Open Preview – Dollar recovers as trade tensions resurface

Posted on September 17, 2018 at 8:11 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is down by a marginal 0.05% against a basket of six major currencies on Monday, largely holding on to the safe-haven gains it recorded in the previous session as concerns regarding an escalation in US-China trade row resurfaced. There was little movement elsewhere in the FX market, with investors appearing somewhat reluctant to initiate new bets with the risk of fresh tariffs being imposed soon hanging in the [..]

European Open Preview – Yen crumbles amid risk-on mood; US retail sales in the spotlight

Posted on September 14, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is nearly unchanged on Friday (-0.02%), holding on to the losses it posted in the previous session following a disappointment in the US CPI inflation data. The yen also retreated across the board, as risk appetite remained firm and investors rotated funds out of haven assets and into riskier ones. Meanwhile, the euro gained slightly after the ECB confirmed its normalization plans remain on track yesterday, while the pound was [..]

European Open Preview – Trade talk hopes weigh on dollar; BoE, ECB & Turkish central bank policy decisions eyed

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

Here are the latest developments in global markets: FOREX: The US dollar index is slightly higher on Thursday (+0.08%), recouping some of the losses it posted in the previous session as safe-haven bets on the currency were scaled back, following news the US and China are set to hold new trade talks. The risk-sensitive aussie surged, while the loonie also advanced after Mexico’s economy minister played up the prospect of a US-Canada trade deal. Elsewhere, the euro and sterling were little changed, ahead [..]

Stock Market News – Apple in the crosshairs of a trade war: will it take a major hit?

Posted on September 12, 2018 at 2:39 pm GMT

Apple’s stock is trading 2.5% lower from a record high of $229.67 touched on September 5. The major catalyst behind the recent fall are growing concerns the company will take a hit on the back of rising prospects for a full-blown trade war between the US and China, given that a considerable part of the firm’s supply mechanism is China-based. The US imposes tariffs on China and the latter’s economy suffers as a result, right? Yes and no, or at [..]

European Open Preview – Yen retreats as risk appetite firms; trade, EM-angst and Brexit remain in the background

Posted on September 12, 2018 at 8:03 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was nearly flat against a basket of six major currencies on Wednesday (-0.03%), after posting some modest losses in the previous session. Meanwhile, the yen retreated notably on Tuesday, as risk appetite remained firm and investors rotated out of safer assets. In Canada, the loonie staged a significant comeback amid encouraging NAFTA signals from the US President and a surge in oil prices. STOCKS: US markets closed in the green on Tuesday, buoyed by [..]

European Open Preview – Barnier fuels another surge in sterling, jobs data to set currency’s intraday direction

Posted on September 11, 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 0.12% on Tuesday, extending losses from the previous session. Sterling spiked higher once again, following encouraging comments from the EU’s chief Brexit negotiator that reaching a deal within 6-8 weeks is “realistic”. Meanwhile, the yen was on the retreat amid a recovery in risk sentiment, though that may not necessarily remain the [..]

European Open Preview – Strong earnings growth lifts the dollar; trade in focus again

Posted on September 10, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Monday (+0.04%), holding onto the gains it recorded in the previous session, after a surprising acceleration in US wage growth fueled demand for the greenback. The pound also soared higher on Friday as some appeasing remarks from EU chief negotiator Barnier enhanced speculation that a Brexit deal may ultimately be delivered. STOCKS: Wall Street closed lower on Friday, as investors’ risk appetite was curbed by some confrontational remarks by [..]

US Open Preview – Sterling above $1.30 on Barnier comments as trade jitters weigh on Aussie; US jobs data awaited

Posted on September 7, 2018 at 11:40 am GMT

Here are the latest developments in global markets: FOREX: The US currency was trading marginally lower versus a basket of currencies ahead of the highly anticipated employment report for August due at 1230 GMT. Dollar/yen was roughly flat after losing 0.7% on Thursday, as angst over the prospect of deteriorating global trade conditions boosted the safe-haven perceived yen. The euro was down on the margin versus the dollar, reacting little to a downward revision in the eurozone’s pace of growth [..]

European Open Preview – Yen advances as risk appetite falters; US jobs report coming up

Posted on September 7, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is marginally lower against a basket of six major currencies on Friday (-0.08%), ahead of the release of the all-important US payrolls report at 1230 GMT, where focus may once again fall primarily on the earnings figures. Safe-haven currencies like the yen and the Swiss franc rallied amid trade jitters, while the risk-sensitive aussie faltered, touching a fresh low last seen in early-2016 against the dollar. STOCKS: US markets closed lower for [..]

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