Stocks bask in trade optimism; dollar advances Stocks cruise higher on reports that a trade deal is just around the corner Dollar advances, despite soft US data and ‘jawboning’ by Trump Loonie crushed as Canadian GDP disappoints, oil retreats Equities bask in trade optimism US stock markets closed higher on Friday, and futures suggest these […]
Continue ReadingYen crumbles as risk sentiment improves, dollar rebounds Dollar rebounds after US GDP beats expectations, looks to ISM manufacturing index Yen falls to two-month lows as solid Chinese PMIs reinvigorate risk appetite Busy schedule today: Eurozone inflation data, UK manufacturing PMI, Canadian GDP Dollar inches up as US GDP overcomes forecasts, but stocks struggle […]
Continue ReadingStocks retreat as trade optimism fades, growth concerns return Risk aversion prevails as top US trade official reins in optimism, Chinese PMIs disappoint Sterling cruises even higher as no-deal Brexit risks fades Oil rebounds on supply news, but pulls back on demand concerns Today, German inflation and US GDP data will be in focus Risk-off […]
Continue ReadingTrade rally eases as caution sets in; Powell testimony eyed · Risk rally eases amid some caution on prospect of US-China trade deal · Immediate focus to shift to Fed Chairman Jerome Powell’s congressional testimony · Pound jumps as May considers taking no-deal Brexit off the table · Oil slumps after Trump tells OPEC […]
Continue ReadingAussie and Chinese stocks lifted as Trump delays tariff deadline; dollar steady Trump extends March 1 deadline, citing “substantial progress” in trade talks with China Aussie and Chinese shares surge on the news but overall market reaction muted Pound inches higher on increased talk of Brexit delay US and China edge closer to a trade […]
Continue ReadingAll eyes on Washington as trade talks wrap up Markets will focus on trade today, as another round of US-China talks wraps up Euro looks to Germany’s Ifo survey and remarks by ECB’s Draghi Meanwhile, antipodeans are mixed amid headlines out of China and the RBNZ All eyes on Washington as another round of trade […]
Continue ReadingDollar ticks up after Fed minutes; aussie sinks Dollar ticks up after Fed minutes keep possibility of rate hikes alive European PMIs and ECB minutes highlight today’s agenda Aussie torpedoed as Chinese port bans Australian coal imports High-level trade talks resume in Washington Dollar crawls higher as Fed minutes aren’t as dovish as expected The […]
Continue ReadingChances for a Euro recovery after last week’s declines are easing. After having capitalized on the dollar’s weakness, the Euro retreated amid the recent slowdown in growth and weak economic releases in the euro zone, and now deepened the decline amid political glitches and the same time pressured by European Central Bank’s decisions. Political risks […]
Continue ReadingDollar retreats ahead of Fed minutes; pound soars Greenback pulls back on expectations for ‘dovish’ Fed minutes today Pound outperforms, soars back above $1.30 without Brexit news Gold sails past 10-month highs amid a quiet flight to safety Dollar retreats as traders brace for ‘dovish’ Fed minutes The dollar gave up some early gains on […]
Continue ReadingMarkets quiet as trade talks resume Markets quiet as new round of trade talks kicks off Sterling unfazed as Labour MPs split, looks to UK jobs data today Yen ticks down after BoJ chief teases further easing Subdued market moves ahead of fresh negotiating round Stocks in Asia are mostly in the green on Tuesday, […]
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