DAX Board
European shares pulled back slightly from 20-month highs on Wednesday as some disappointing corporate results weighed, though shares of French luxury group Kering hit a record high after reporting strong sales. The pan-European benchmark fell 0.1 percent in early trades with financials the biggest drag. France's CAC 40 was little...
StanChart
Standard Chartered on Wednesday reported its first quarter profit nearly doubled from a year ago, sending its shares up more than 4 percent as the emerging markets-focused bank brought losses from loans under control. StanChart said it made a pre-tax profit of $1 billion, up from $589 million in the...
Australia
The Aussie Dollar has had a relatively rough week to date as the pair has reacted to a range of wildly swinging sentiment around the USD, as well as a disappointing CPI result. This has provided the conditions for a fairly steady depreciation which has seen price action currently...
US Dollar Japanese Yen
In light of the fact that the BoJ is going to be thrusting the Yen centre stage in the next 24 hours as a result of its interest rate announcement, it’s worth taking a closer look at the USDJPY and what is likely to be on cards moving ahead....
Europe
The euro has had a solid week so far, after the first round of the French election was perceived as a major relief from the markets, which already declared Macron the next President of France. The far-right finalist Marine Le Pen is given 39% chances of winning the final...
Australian Dollar
The aussie weakened after Australian inflation data missed forecasts. Risk appetite continued to pressure safe havens like the yen and gold. The euro was supported by the euphoria of the outcome of round one of the French elections. Australia reported that its headline inflation rose to an annualized rate of...
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...
Mario Draghi
With the ECB meeting looming, expectations of Trump's tax announcement and the ongoing French elections, low volatility has the potential to rise once more. Topics Markets Focus On ECB Trump Tax Plan Debt Ceiling & Macron Lower Volatility Presents Opportunity 1) Don’t Write Off Le Pen Just Yet The polling data was accurate...
US Dollar
USD traders were upbeat today as the US economic data was much stronger than expected despite a minor blip. New home sales m/m stole the show lifting to 621K (583K exp), show casing a strong resurgence in the housing market as confidence has been taking off. However, CB consumer confidence...
Oil
Energy and precious metals diverged overnight, with crude oil holding its ground while the safe-haven unwind continues in gold and silver. Crude Oil Choppy trading in decent ranges was the theme of the overnight session in crude, with both Brent and WTI showing good two-way interest after last week’s selloff. When...