BGC Brokers London Stocks
The sharp appreciation in the pound is taking its toll on the UK stock markets. The FTSE started the day downbeat, as financials (-0.99%) led losses after the US banks took a severe hit at New York session. Energy (-0.38%) and mining stocks (-0.39%) traded softer on further oil and...
British Pound
The relationship between oil, producer and consumer prices will continue to be under scrutiny over the coming months as markets decipher if BoE will indeed raise. GBPAUD shows sign of the bounce higher we highlighted last week. Producer prices fell short of the mark overnight, whilst inflation continued to soar...
Japanese Yen
The USD hit the brakes today, as the market looked unhappy on the US uncertainty around the health care reforms that are struggling to gain any traction, despite all of this, the economic data continues to be positive for the most part. While not a big week for US economic...
Donald Trump
Risk aversion in the markets led to safe haven demand, helping the yen strengthen and the dollar index fall below 100. Sterling was one of the best performing major currencies after UK inflation rose to the highest in over three years. The dollar fell to its lowest level since November...
Euro Vs Poud
In light of the escalating political tension between the EU and the UK, it may be worth taking a look at the EURGBP’s technical forecast in order to get a better feel of what could be next for the pair. Furthermore, we may need to take a look at...
Bank of England
The latest round of U.K. CPI figures have proved a surprise to the market as rising food and energy prices have pushed the key inflation metric to 2.3% y/y. The result far exceeds the expected 2.1% gain and now places the metric well above the 2.00% range desired by...
US Stock Market
US equities tumbled last night, as the FBI probe called President Trump’s credibility into question again. That catalysed a new wave of concerns on whether the new administration can deliver on its promises of fiscal stimulus, financial deregulation and tax reform. Apparently, risk assets were facing a headwind of a...
US Stocks
After the S&P500 posted its biggest one day fall since last October last year the question being asked is whether the scales are starting to fall away from investor’s eyes as to whether President Trump will be able to deliver anything close to what has been priced into markets...
Gold prices continued to rise as front-end US Treasury yields declined, touching the lowest level in a month. Not surprisingly, this bolstered the relative appeal of non-interest-bearing assets including the yellow metal. This followed comments from Chicago Fed President Charles Evans. He struck a relatively reserved tone, saying the envisioned...
Canadian Dollar
Credit Agricole CIB Research notes that after the early-March surge and the post-FOMC sell-off, USD/CAD could be settling into a new 1.33– 1.35 range. In that regard, CACIB argues that as oil prices remain a headwind for CAD, and with the Fed not living up to some hawkish expectations, the 2Y...