Stocks extend trade gains; Brexit saga continues Reports China is willing to buy more US goods keep risk appetite buoyed Euro/dollar eyes keep support area, looks to Thursday’s ECB meeting Today, focus turns back to the UK; PM May presents her alternative Brexit plan Fresh trade headlines propel stocks even higher, yen retreats US equity […]
Continue ReadingTrade hopes lift markets; pound cruises higher Stocks advance, safe-havens tumble on reports US could roll back China tariffs In the UK, sterling surged without Brexit news; sentiment improving Today, Canadian inflation figures and Fed speakers may steal the show Stocks jump, yen softens on reports US may lift China tariffs Risk sentiment firmed during […]
Continue ReadingPound yawns as May survives; risk appetite shaky Theresa May survives the no-confidence vote, but sterling barely advances News the US will pursue a criminal case against Huawei are hurting sentiment Dollar extends gains versus euro as ECB officials sing a dovish tune May survives no-confidence vote, but sterling yawns Theresa May’s government survived the […]
Continue ReadingMay suffers Brexit defeat, can she survive no-confidence vote? Sterling recovers despite May’s Brexit defeat; no-confidence vote due today Euro inches down as ECB’s Draghi adopts an increasingly cautious bias Risk appetite stays firm; NAHB housing index today may be crucial Pound rebounds even as May suffers major defeat; no-confidence vote called British lawmakers overwhelmingly […]
Continue ReadingDiscussing financial markets
Continue ReadingUK Parliament holds “meaningful vote” British lawmakers will vote on the Brexit deal today; outcome crucial for sterling In the broader market, risk aversion is abating as China outlined plans for fresh stimulus Some remarks by ECB President Draghi may also attract attention Sterling turns its sights to the long-awaited parliamentary vote The spotlight will […]
Continue ReadingSterling climbs on hints of Brexit extension Sterling spikes higher, looks to parliamentary vote on Brexit deal tomorrow Risk aversion returns after Chinese trade data disappoint Euro inches lower as ECB officials strike a more concerned tone Pound outperforms on reports of Article 50 delay The British pound advanced against all its major peers on […]
Continue ReadingUS inflation data in the spotlight Dollar briefly inches up after Powell; US CPI data today will be crucial Swiss franc drops, with SNB likely behind the move US-China trade optimism boosts aussie and kiwi Brexit uncertainty lingers ahead of next week’s vote Powell briefly helps dollar to rebound, but mind the upcoming inflation data […]
Continue ReadingDollar capitulates as Fed signals “patient” approach The dollar fell sharply after Fed signaled it will be “patient”; a slew of key speakers will be in focus today The euro advanced; attention now turns to the ECB minutes today at 1230 GMT BoC stood pat, keeping further gradual hikes on the table China stokes trade […]
Continue ReadingFOMC minutes and BoC rate decision in the spotlight In the US, minutes from the latest FOMC meeting will be scrutinized for clues on whether a pause in rate hikes is indeed in order In Canada, the BoC will meet and attention may fall on whether policymakers are growing more cautious Overnight, China releases its […]
Continue Reading
