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There is a growing air of anticipation across financial markets ahead of the European Central Bank rate decision and press conference later in the day.Although the ECB is broadly expected to keep monetary policy unchanged in April, the main focus and potential action will...
The story behind the Dollar’s incredible appreciation in recent days continues to revolve around rising U.S bond yields and easing geopolitical risks.Market expectations of higher U.S interest rates have also played a leading role in the Greenback’s resurgence, with the DXY marching to levels...
Wall Street ended mixed on Monday as tech stocks continued to lead the major indices. The S&P 500 finished flat at 2,670, with the 1.07% gain in materials offset by the 0.43% decline in the tech sector. The Dow Jones Industrial Average fell for...
Number 3 has been of crucial significance in 2018. Trump has been predicting that his policies would bring an increase in annual growth to over than 3% a year. The Federal Reserve is expected to raise interest rates 3 times in 2018. However, investors...
The Australian dollar continues to struggle on the global stage as markets have punished it for a weaker than expected employment report. With only 4.9k jobs created in the previous month, compared to the forecasted 20k. This is a drop when you compare it...
Equities in Asia received a boost as a result of higher commodity prices and strong U.S. earnings announcements. Energy and mining stocks are leading the gains this morning, as Brent and WTI traded at their highest levels since late 2014. Oil found support after...
US markets got a boost today from all the economic data that came out, and the USD did an about face and managed to claw back some ground on yesterday. The main driver was of course US building permits which lifted to 1.35M (1.32M...
The strong performance of U.S. equities on Monday and better than expected Chinese GDP failed to inspire Asian markets today. Equity benchmarks in Tokyo were slightly lower along with China’s CSI and Kospi 200, while Australian ASX rose on support from the materials and...
Heading into the new trading week, investors across different asset classes feared that the U.S.-led strike on Syria would become the new catalyst to sell risk assets. However, Saturday’s operation, that also included the U.K. and France was a limited one, and intended to...
The Australian dollar is coming back into focus with the upcoming Reserve Bank Of Australian Stability Report due out shortly. Many traders will be looking to see the viewpoint of the bank on the Australian economy, especially around household debt, as the Australian housing...
Global equity markets are likely to remain firmly gripped by geopolitical risk, as escalating tensions over the conflict in Syria weighed heavily on sentiment.Geopolitical jitters have already punished Asian markets this morning, with Asia Pacific equities under pressure, following a weak lead from Wall...
A touch of risk aversion crept into financial markets on Wednesday, as the sense of relief over easing U.S-China trade tensions was overshadowed by the rising geopolitical risk surrounding Syria.Asian stocks closed mostly mixed due to market caution, with European equities sinking lower as...
Friday’s steep declines in Wall Street driven by weak employment report and a war of words between U.S. & China seem to have been shrugged off in Asia trade. President Trump’s tweets are becoming a little confusing to investors. After threatening to impose tariffs...
It's set to be a big day tomorrow for the Canadian dollar as talks continue to ramp up that NAFTA will all be sorted fairly shortly, and these comments come from both sides for a change. The Canadian Prime Minister seems confident that Canada...
“We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300...
Investors are likely to have breathed a sigh of relief after the US stock markets’ worst start to the second quarter since the 1929 Great Depression failed to encourage a widespread selloff across the global markets, as traders returned to their desks after the...
The fall in tech stocks and escalating trade tensions continued to rattle markets after the Easter break. The S&P 500 fell 2.2% on the first trading day of the second quarter, sending the Index back into correction territory (a more than 10% fall from...
Financial markets remain on high alert as the U.S. – China trade war fears are providing the needed incentive for bears to take control. Friday’s sell-off in U.S. equities was ugly after President Trump announced plans to impose tariffs on up $60 billion of...
A tidal wave of risk aversion engulfed financial markets on Friday, after President Donald Trump announced that the U.S will impose tariffs on up to $60 billion of Chinese imports.This bold and frightening move by Trump has already triggered retaliatory actions from China, who...
The Federal Reserve has lifted interest rates to their highest level since the financial crisis, but Dollar bulls are clearly unamused.Although on Wednesday, as widely expected, US interest rates were raised by 0.25% to a new band of 1.5%-1.75%, investors were more concerned with...
Investors across all asset classes are cautiously awaiting the key risk event of the week; the Federal Reserve monetary policy decision.Markets are almost certain that the Fed will be raising interest rates by 25 basis points later today, suggesting that a rate hike has...
The steep losses in U.S. technology stocks were carried into Asian markets today with all major indices tracking Wall Street declines. Facebook made the headlines on Monday as reports over the weekend claimed that data from 50 million users was accessed without their permission....
The Dollar has certainly displayed some resilience against a wave of political uncertainty and heightened fears of U.S protectionism this week.Bold comments from the White House’s new national economic advisor, Larry Kudlow, stating that he would “buy King Dollar” heavily supported the currency, while...
There has been some big news in the late evening trading session as it appears that Muller has subpoenaed documents from the Trump organisation relating to Russia, which has spooked equity markets as a result. However, the big story of the day has been...
Global equity bears marched into Thursday’s trading session with a mission to sow chaos across stock markets, as fears mount over a potential global trade war.Asian stocks were mostly depressed during early trading thanks to risk aversion, and this caution could trickle down into...
The US economy continues to be a mix bag for traders as time and time again political headlines dominate the market landscape. More recently, has been of course the recent firing of Tillerson from the Trump administration, this of course comes on the back...
There has been a cautious start to the new trading week, with limited volatility seen across the FX markets. Trade war concerns might be weighing on the minds of traders, although it is just as likely that the subdued trading atmosphere could be linked...
The robust U.S. jobs report on Friday managed to offset concerns of trade-war; at least for now. The 313,000 additional jobs took economists and markets by surprise as it exceeded even the highest expectations of 300,000 on a Reuters survey. Although employees may not...
President Trump’s acceptance of the invitation to meet the Korean leader Kim Jong Un, pleasantly surprised the markets on Thursday. Just a couple of months ago, the two leaders were in in a rather childish spat over whose nuclear button was bigger, and hurled...
Commodity currencies were the strongest pairs today when it came to the majors, as markets shrugged of the reported Trump tariffs as likely to be political showmanship in the grand scheme of things. As a result markets were very much in favour of risk,...