New Zealand Dollar Currency NZD
The New Zealand Dollar has been under siege of late as a range of political upsets have seen the pair facing a steady wave of depreciation. Subsequently, price action has tumbled from around the 70 cent handle, in late October, all the way to its present level at 0.6861....
Oil Commodity
Oil prices were steady on Friday but on track for the first weekly fall in six weeks, under pressure from surging U.S. supplies and creeping doubts over Russian support for continuing a cut in crude output. Brent crude futures, the international benchmark for oil prices, were at $61.23 per barrel...
Donald Trump
Talking Points House passes US tax bill Saudi’s backs longer oil cuts Merkel On Mission to form coalition ECB could taper more despite weak CPI UK retail data confirmed soft outlook The tumultuous week is coming to end, risk appetite has returned amid investors who are set this morning to...
US Dollar Currency
The dollar opened weaker on Friday in Asia on news that several officials from Trump’s campaign were subpoenaed for Russia-linked documents despite markets relief on the US tax story after lawmakers approved the tax plan in the House of Representatives. Consequently, investors turned risk-averse during the session, pushing the safe-haven assets...
DAX
The DAX index is slightly lower in the Friday session. Currently, the DAX is at 13,018.00, down 0.22% on the day. On the release front, Eurozone Current Account jumped to EUR 37.8 billion, crushing the estimate of EUR 30.2 billion. The DAX steadied on Thursday, ending a nasty streak of six...
Currencies
European markets managed to snap their five day losing streak yesterday, as some cautious buyers returned to the fray after the worst run of daily losses so far this year. The big question remains as to whether this is merely a pause in the context of a wider correction...
London Stock Exchange FTSE
More of the same from Royal Mail (RMG) with good growth in parcels and GLS while letters are in freefall decline: yet more evidence of the structural problems it faces as it heads into the key Christmas trading period. Whilst letters weigh, parcels look solid, GLS is strong and...
US Dollar Currency
Weakened prospects on the US tax reforms continued restricting the dollar’s gains in Asia despite Wednesday’s encouraging data cementing a third-rate hike this year, while a mixed employment report in Australia did little to support the aussie. On Wednesday, two Senate Republicans expressed their opposition to the tax plan, claiming that they would not...
Dixons Carphone Retail
BoE Rate Hike Questioned as UK Data Disappoints European equity markets are expected to bounce back at the open on Thursday following a similar move in Asia overnight as traders eye more data from the UK and the US. While the most important event impacting the pound over the last couple...
London Stock Exchange FTSE
A fall in commodity stocks and continued profit taking sent European shares to an eight-week low on Wednesday, but Airbus rallied after winning a big jets order. A slide in crude oil prices on worries over the outlook for demand and weaker metal prices weighed on mining and energy stocks...