Wall 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 […]
Continue ReadingECB 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 […]
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