ECB meeting, EU Brexit summit, and much more Today is packed with market-moving events, including an ECB meeting, an EU summit on Brexit, US inflation data, and Fed minutes ECB is likely to maintain a dovish tone amid growth, trade concerns EU set to offer UK long but ‘flexible’ Brexit extension Meanwhile, trade uncertainty returns […]
Continue ReadingUS proposes tariffs on EU, but markets remain calm – US officially proposes tariffs on EU, but market reaction minimal so far – Euro advances, looks to ECB meeting tomorrow – In Brexit, May will meet Merkel and Macron today ahead of EU summit Lighthizer recommends tariffs on EU – new chapter in trade war? […]
Continue ReadingFed rate-cut bets grow; oil climbs on Libya woes – Dollar little changed after NFP, but Fed rate-cut odds rise – In the UK, reports suggest PM May could accept a customs union compromise – Oil touches five-month high as Libyan production is threatened Dollar snoozes after mixed jobs data, but rate-cut bets grow The […]
Continue ReadingDollar looks to US jobs data; stocks advance – US dollar steadies ahead of NFP report – Euro and pound post soft move after ECB minutes and Brexit updates – Stocks continue to advance as trade deal is close Nonfarm payrolls in the limelight The greenback extended gains versus Japanese yen earlier on Friday, reaching a […]
Continue ReadingEquities extend gains; UK Parliament blocks no-deal – Pound advances as UK Parliament blocks no-deal exit; all eyes on May-Corbyn talks – Equities extend winning streak as trade optimism rides high – ECB minutes the highlight on today’s calendar Parliament blocks no-deal Brexit, pound advances The Brexit process continues to dominate headlines. The House of […]
Continue ReadingPound climbs as May warms up to Corbyn; stocks jump Encouraging trade signals lift risk sentiment; high-level talks resume today Sterling climbs as May warms up to Corbyn to break deadlock Dollar pulls back ahead of ADP report and ISM non-manufacturing PMI Risk appetite boosted by hopes for trade breakthroughs After a relatively uneventful session […]
Continue ReadingStocks, dollar rip higher as growth fears ease – Rebound in Chinese PMIs fuels rally in global stocks – Dollar climbs, euro softens on disappointing inflation data – Pound outperforms as ‘soft’ Brexit outcomes or long extension seem likely – Aussie drops after RBA recalibrates language Stocks and dollar cruise higher as China-induced rally […]
Continue ReadingPound plunges as May makes final push for her deal; dollar holds firm as trade talks eyed Sterling is in freefall again after Prime Minister May decides to put her deal to a third vote, but without the political deceleration on a future relationship Dollar holds near highs despite lower GDP revision as Treasury yields […]
Continue ReadingDollar firms as its peers struggle; pound slips as MPs fail to reach Brexit consensus US dollar continues to inch higher despite falling yields as more central banks join dovish bandwagon Pound comes under pressure after indicative votes produce no majority for any option and May’s offer to quit fails to win enough support for […]
Continue ReadingDollar edges up as Treasury yields stabilize; Kiwi slumps as RBNZ hints at rate cut – Dollar firmer despite weak US data as Treasury rally eases – New Zealand dollar nosedives after RBNZ says rate cut more likely than a hike – Pound choppy ahead of crucial indicative votes on Brexit in Parliament Steadier Treasury […]
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