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CMC Markets

CMC Markets
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CMC Markets is a UK-based financial derivatives dealer. The company offers online trading in spread betting, contracts for difference and foreign exchange across world markets.
Euro
US and European markets continued to build on their gains of this week yesterday, with the US in particular looking particularly strong after strong earnings from industrial bellwether Caterpillar, which blasted through expectations, while the Nasdaq Composite pushed through the 6,000 level for the first time led by the...
Emmanuel Macron
If yesterday’s market reaction is any guide it would appear that investors have made up their minds already as to the result of the French election on May 7th. The France CAC40 hit its highest levels since 2008, the DAX made another record high and banking stocks surged, while French...
France
It looks set to be a positive start for European markets this morning with the euro also gaining a boost from the first round result of the French Presidential vote. At the end of last week there was growing optimism that political outsider and ex investment banker Emmanuel Macron would...
France
US markets staged a nice about turn yesterday after two successive days of declines after Treasury Secretary Steve Mnuchin hinted that a major tax reform plan was close, which appeared to be at odds with earlier comments this week that a plan by August may well be delayed. This constant...
German Economy
UK markets saw a rather divergent performance yesterday with the FTSE100 slipping back and in the process dropping into negative territory for the year, while the FTSE250 rebounded strongly after its losses on Tuesday. While the recent rally in the pound may well be a factor in the recent weakness...
UK
European stock markets had a disappointing day yesterday, sliding across the board with the FTSE100 leading the way. While the rebound in the pound certainly didn’t help the FTSE’s cause, the catalyst certainly wasn’t yesterday’s surprise political announcement from Westminster. Sharp falls in commodity prices had already seen the mining...
China
China’s headline GDP growth accelerated at a pace of 6.9% in the first quarter this year, boosted by higher retail sales, fixed-asset investment and growth in exports. The result beat the consensus growth rate of 6.8%, and also gave the market a welcome surprise about the policymakers’ full-year growth target...
Donald Trump
After a few weeks of relative calm, the ‘Trump hurricane’ is back to disrupt the tranquillity in the currency markets. The US dollar weakened against most of its G10 peers last night after President Trump complained that the currency is too strong. “I think our dollar is getting too strong,...
Gold
US indices closed lower last night with Syria and United Airline’s unfriendly skies in focus. The gold price broke out strongly above the key resistance level of $1,265 and advanced further to $1,279 this morning. The next resistance level will be around the $1,282 level, which is the 61.8% Fibonacci...
Janet Yellen - Federal Reserve
The US central bank’s target has shifted from a post-crisis exercise to maintaining a healthy and sustainable economic growth, said Fed Chairwoman Janet Yellen last night in Michigan. Earlier jobs market figures showed that the unemployment rate dropped to a 10-year low of 4.5%, giving policymakers leeway to reduce the...
WTI OIL
Traders and investors around the world experienced a turbulent Friday last week, with the Syria missile attack, non-farm payrolls and the ‘Trump-Xi summit’ dominating the agenda and triggering a series of knock-on reactions between currencies, commodities and stocks. Volatility was substantially higher last week, and safe-haven asset prices soared as...
US Stock Market
It’s been a tricky week for stock markets thus far, as investors struggle to weigh up whether the next move is likely to be higher or whether we could start to see a correction from the gains that we’ve seen so far this year. Today’s military action against Syrian airfields...
Federal Reserve
It turned out to be a tricky day for investors yesterday, with buoyant economic data on the one hand but a lack of conviction on the other, as European markets struggled to go anywhere while US markets turned sharply lower late on after the latest Fed minutes. This late slide...
China
European markets recovered some of Monday’s losses yesterday, but still remained uncertain due to some uncertainty surrounding this week’s big meeting with US President Trump and China’s President Xi. This meeting is likely to have an extra dimension added to it by last night’s missile test by North Korea,...
Stocks NYSE
It turned out to be a disappointing start to the quarter yesterday with European and US stocks sliding sharply, despite some fairly resilient economic data on both sides of the Atlantic. Some have put yesterday’s weakness down to a nervous reaction to the metro bombing in St. Petersburg, however if...
Manufacturing
European stocks closing the quarter in a rather subdued fashion doesn't change the fact that we’ve still seen a fairly positive start to the year, with record highs for US and UK markets. This has been despite concerns of political instability in Europe, the health of the banking system, and the...
Trader Stocks
As first quarters go it’s been a solid start to the year for 2017, all the more surprising given the fact that we’ve seen two US rate rises in the space of three months, and put aside concerns about the first few months of a Trump presidency and the...
UK
Anyone expecting fireworks in the wake of the triggering of Article 50 yesterday would have been rather disappointed by events as the pound, after an early slide, managed to hold up rather well, as the day wore on. As for European equity markets they barely blinked, closing higher with the...
Brexit
A rebound in oil prices along with a bumper US consumer confidence number helped consolidate yesterday’s rebound in stock markets as they moved further away from their lows of this week. The acceleration in US consumer confidence in March to its highest level since December 2000, helped investors put to...
US Stock Market Traders
While the Dow closed lower for the eight day in succession, its worst run since 2011 it did manage to close off the lowest levels of the day, as investors weighed up the prospect that the President’s defeat on the health care bill might spur greater efforts on the...
Donald Trump
The decline in US stocks last week was the biggest one week decline since last year’s US election, and it surely reflects some concern that the optimism about President Trump’s various programs for reform may well have been somewhat misplaced. President Trump is already having to row back on his...
German Economy
While markets in Europe managed to eke out some gains yesterday the decline in US markets continued after the expected vote on the new health care bill to replace Obamacare was postponed, due to a failure to garner enough support for it. Nonetheless it looks set to be a disappointing...
London Stock Exchange
While European markets slipped back sharply yesterday, US stocks managed to stabilise after their big falls on Tuesday. This stabilisation is likely to see a slightly more positive open for Europe today however the catalysts that prompted Tuesdays slide remain a concern for investors. Concerns remain about the ability of...
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...
Oil Prices Rise
The S&P 500 index slid for a third day, dragged by financial (-0.9%) and utility (-0.68%) sectors. Market sentiment has been weighed by news that the FBI is probing possible ties between Russia and Donald Trump’s presidential campaign, according to FBI director James Comey in a House intelligence committee hearing...
US Dollar
Global equities rallied last Thursday and Friday as the Federal Reserve finally made the decision to lift the interest rate by 25 bps, bringing certainty and confidence to investors. Right now, the probability of June and September rate hikes stands at 53% and 80% respectively, showing that the market expects...
Stocks NYSE
Global equities rallied on Thursday, cheering the Fed’s decision to raise interest rates by 25bps as it not only provided certainty around monetary policy, but also strengthened investors’ confidence in the US economic outlook. The US dollar, however, slumped over 1.55 over the last two days, fuelling the rally in...
Federal Reserve

Waiting for the Fed

Asian markets opened broadly lower this morning, following a pull-back of US equities last night. The S&P 500 index has consolidated for a second week. It seems that the unstoppable ‘Trump rally’ is finally cooling off in the headwind from the Fed. A higher interest rate will increase the government’s...
Asian Stocks
It has been an exciting year for stock traders. The ‘Trump effect’ spurred equity-market rallies globally in January and February, and now the focus has shifted toward Europe. This is going to be a ‘Super Week’ for FX traders, with the FOMC and Dutch election coming through on Thursday, and...
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