Earnings season fires up; aussie retreats Written by Marios Hajikyriacos, XM Investment Research – Nasdaq 100 at record highs ahead of key earnings – Aussie pulls back ahead of inflation data early on Wednesday – Sterling retreats as PM May prepares to stave off another ‘Tory rebellion’ Nasdaq 100 cruises to record highs as earnings […]
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Continue ReadingOil jumps as US ‘tightens the screws’ on Iran Written by Marios Hajikyriacos, XM Investment Research – Oil soars as US prepares to impose full sanctions on Iran – Currencies enter holiday lull – Loonie eyes BoC policy meeting on Wednesday Oil jumps as US ‘tightens the screws’ on Iran Energy markets came back […]
Continue ReadingDollar powers ahead on strong data; euro stumbles – US dollar and Wall Street lifted by solid economic data and earnings – But euro, pound, aussie and kiwi turn lower on Eurozone woes, resurgent dollar – Thin liquidity expected today as many markets closed for Good Friday US recession fears ebb after retail sales bounce […]
Continue ReadingWall Street pulls back; euro hit by German PMIs – US markets retreat as healthcare stocks ‘feel the Bern’ – Moves in FX generally subdued, but euro takes a hit after German PMIs – Retail sales data coming up in UK, US, and Canada today Wall Street inches down as healthcare stocks weigh ‘Sanders risk’ […]
Continue ReadingAussie jumps on China GDP boost but limited gains for stocks – Fears of a global slowdown ease substantially after China posts stronger-than-expected GDP data for the first quarter – The data lifts risk-assets with the Australian dollar being the main beneficiary – But broader gains are limited amid caution about the outlook China GDP […]
Continue ReadingMajor pairs steady as China GDP awaited; aussie slips on rate cut bets – Dollar steady as markets await economic releases for more clues on outlook amid signs of green shoots – China GDP will be the week’s highlight and key in building on the current risk-on tone – Market mood to also be determined […]
Continue ReadingDollar and yen pressured as China optimism lifts markets – Safe-haven favourites, the dollar and the yen, trade near Friday’s lows as positive data out China triggers a risk rally – Encouraging comments from Mnuchin on US-China trade talks also helps risk sentiment – Focus this week to centre on US earnings and China GDP […]
Continue ReadingEarnings season kicks off; dollar struggles to advance – US earnings season commences with JPMorgan & Wells Fargo – Dollar advances alongside US yields, but pares gains – Yen retreats ahead of US-Japan trade talks, gold follows Earnings season kicks off with major US banks US equity markets closed practically flat yesterday, though the Nasdaq […]
Continue ReadingDraghi briefly sinks euro; Brexit delayed – ECB’s Draghi hints at more stimulus, but euro tumbles only modestly and recovers quickly – Dollar pulls back after disappointing US CPI data, looks to Fed speakers today – EU grants Brexit extension – Varadkar’s remarks indicate way forward Euro tumbles as Draghi hints at more stimulus, but […]
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