London Stock Echange
AstraZeneca slammed on drug failure, Anglo pops on dividend return. AstraZeneca shares were crushed after suffering a huge disappointment with its lung cancer drug trials. The stock skidded 16% lower in a brutal sell-off and was set for its worst ever day. Jeffries reckons the poor performance knocks about 10-15% off the...
New Zealand Dollar
It was a relatively quiet data day in forex markets prompting traders to dwell over yesterday’s events, namely the Federal Open Market Committee (FOMC) meeting. As a result of the Federal Reserve’s dovish tone, the weakness in the US dollar unfolded, with the dollar index hitting a fresh 13-month low....
FOMC - Janet Yellen
The Dollar tumbled to fresh 13-month lows against a basket of currencies during early trading on Thursday, after July’s Federal Reserve policy statement was presented with a dovish touch. Although the central bank signaled that it would begin shrinking its massive holding of bonds “relatively soon”, the concerns over...
Janet Yellen - Federal Reserve
Despite the mention of balance sheet reduction beginning 'relatively soon' markets sent the Dollar to fresh lows as they continue to doubt fed's ability to raise once more this year. Summary of the July meeting (read full statement) The labour market has continued to strengthen and that economic activity has...
US Dollar
Just for something different, we are looking at the Polish Zloty today as the currency has been making some solid gains on the greenback and it looks as though it could extend further still. Indeed, this exotic cross has been powering higher over the past few months – on...
Federal Reserve FOMC Stocks
Investors continued to exude positivity as markets in Europe closed higher yesterday, boosted by more gains in commodity prices. Copper prices hitting two-year highs, while crude oil touched their highest levels in eight weeks after US inventories saw a draw of 7.5m barrels, the fourth week in succession that stocks...
Crude Oil
A dovish FOMC keeps oil’s bull run alive and boosts gold’s march higher. OIL Much was made overnight of oil’s positive price action but in fact it has left me somewhat underwhelmed. With the U.S. DOE Crude Inventories delivering a mighty 7.2 million drawdown against an expected 2.6 million drawdown, and...
US Dollar
- Today at 2PM brings the July FOMC Rate Decision. But perhaps more pertinent to U.S. Dollar price action are the high-impact data prints on Thursday and Friday (GDP) of this week. - The U.S. Dollar has moved-higher from deep oversold conditions after a strong US Consumer Confidence print yesterday, but the...
DAX Board
The DAX index has posted gains for a second straight day. In Wednesday’s European session, DAX is trading at 12,308.00, up 0.36% on the day. On the release front, there are no events out of the eurozone. In the US, the Federal Reserve releases its rate statement and is...
WTI OIL
Oil prices soared 4.50% higher overnight as a result of a 10.23M drawdown in the US API Crude Oil Stocks – the largest draw in 10 months. Due to this, much of the market will be bracing for another surge in buying pressure just in case the impending US...