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The Greenback ventured to a two-week high against a basket of major currencies on Friday morning, amid investor optimism over U.S. tax reforms.Today’s main risk event for the Dollar will be the U.S. non-farm payrolls report, to be released later today, which should offer fresh insight on the health...
Trump’s decision to recognize Jerusalem as the capital of Israel and move the U.S. embassy to the new capital, was the major news headline yesterday. Despite many warnings from Arab and European leaders that the move would have dangerous consequences, financial markets seem to have ignored the risks for...
Global equity bulls were nowhere to be found during Tuesday’s trading session as market players evaluated the possible impact of proposed US tax cuts. World stocks were mostly lower amid a global technology selloff, with the lack of appetite for riskier assets punishing European shares and Wall Street.Asian markets...
Despite U.S. equities closing at new records on the tax breakthrough, it was interesting to see the dollar retreating slightly against its major counterparts. It seems investors are still anxious about how the Senate will reconcile its tax bill with the House of Representatives before it goes to President...
U.S. stock indices ended mixed on Wednesday. While the Dow-Jones industrial average closed at a record high after U.S. GDP showed the economy grew at a revised rate of 3.3%, Tech stocks dragged the Nasdaq closing 1.3% lower. There has been a significant rotation from the Tech sector to...
Most Asian indices edged lower on Tuesday, following a mixed session on Wall Street yesterday. China is becoming a key market to watch, as it’s leading the direction for other markets across Asia. Rising bond yields are threatening corporate profit margins for the second largest economy; meanwhile Chinese authorities...
Despite a record high close on the S&P 500 last Friday, Asian equities edged lower, led by Korean markets. Chinese stocks continued to decline after having the biggest one-day selloff in 17-months on Thursday, as rising government and corporate bond yields signaled tighter liquidity conditions. Whether the selloff is...
The healthy combination of rising corporate profits, strong global growth and cautious optimism over U.S. corporate tax cuts, simply reinvigorated global equity bulls on Tuesday – boosting stocks across the globe.Asian shares headed for a record close during early trading on Wednesday, following Wall Street’s robust gains overnight. European...
Asian shares were depressed on Monday morning, as investors remained guarded amid lingering concerns over U.S. tax reforms.The caution from Asia is likely to rollover into European markets which are currently tussling with renewed political uncertainty, after German Chancellor Angela Merkel’s failure to form a new government over the...
2017 has seen many hedge fund and portfolio managers send warning signals that an equity market correction is overdue. Overstretched valuations, tighter monetary policies, geopolitical risks, a slowdown and high debt levels in China and low inflation, are some of the factors that could potentially trigger a market correction....
Sterling fell more than 0.5% early Monday, after the Sunday Times reported yesterday that 40 Conservative Party MP’s agreed to sign a letter of no confidence in the Prime Minister, Theresa May. While this remains short of the 48 votes needed to force a new leadership, it still creates...
Asian stocks markets were mostly higher during early trading on Thursday following Wall Street’s modest gains overnight.The positive momentum from Asia is likely to support European stocks this morning with the bullish sentiment trickling back down into Wall Street later in the day. World stocks have had a brilliant...
The Euro has been a star over the previous months, but it's becoming more and more lacklustre as the ongoing Spanish drama is still a thorn in the side of the Euro-zone. While investors love a bit of volatility, the Euro-zone seems to keep battling crisis after crisis trying to hold...
Oil prices continued to be front and center for traders in a relatively quiet market. Brent crude surged 3.5% to trade above $64 on Monday, after the arrests in Saudi Arabia raised investors’ concerns over the stability of the Middle East region. Comments from Saudi Gulf Affairs Minister Thamer...
Oil prices continued to march higher on both sides of the Atlantic early Monday. In the early trading hours, Brent reached a high of $62.44, a level last seen in July 2015, and represents a 40.8% surge from June’s lows. There’s no doubt that OPEC and Co. have been...
The build up has begun for tomorrows NFP announcement and the market is betting big time on a strong result of 313K; this is a very large expectation, but it makes a lot of sense when you consider the seasonal impact that Christmas has on markets. Labour markets certainly boom...
Despite a relatively hawkish statement from the Federal Reserve on Wednesday, the dollar edged lower against its major peers early Thursday. The assessment of economic activity seemed to have given the green light for a December rate hike. Policy makers see economic activity rising at a solid rate despite...
It has been another interesting week for global markets, as investors continued to wrestle with the Catalonia crisis, bumpy Brexit negotiations, and uncertainty around who will become the next Fed Chair. The main highlight was on Thursday, when the European Central Bank moved forward with a “dovish taper”, a...
The Australian dollar was thumped by the market today as CPI data missed the mark coming in at 0.6% (0.8% exp) leaving the market with a bitter taste in its month. On the back of higher oil prices and retail prices many had expected to see inflation lift and...
Who’s the next Fed Chair?The U.S. dollar and stocks made a fantastic run towards the end of last week after the Senate on Thursday voted to pass a budget resolution for 2018. The vote was interpreted as a first step towards paving the way for tax reforms. Investors will...
It has certainly been another eventful trading week for financial markets, as investors tussled with rocky Brexit negotiations, Catalonian developments and geopolitical tensions across the globe.Global stocks have displayed resilience against political and geopolitical risk this week, with Asian shares mostly higher during early trading on Friday - thanks...
When the Federal Reserve met on 19-20 September, it announced the start of winding down the $4.5billion balance sheet and maintained plans for a third-rate hike in 2017. The statement reflected confidence in the economic activity particularly the pickup in household spending and growth in business investments.  Despite the...
A strong sense of relief was felt across financial markets on Tuesday evening, after Catalan leaders signed a “symbolic” declaration of independence but immediately suspended its formal approval and called for talks with Madrid.Although President Carles Puigdemont’s remarks disappointed many of his ardent supporters, who were hoping for a...
The dollar index fell for a third consecutive day early Tuesday, despite markets expectations of a rate hike in December hovering near 90%. Since September 8, the index has rallied almost 3% in a clear sign that the greenback has finally found its feet, after declining more than 12%...
The Turkish Lira was the worst performing currency early Monday, after the U.S. and Turkey announced suspending visa services for citizens looking to visit each country. Traders responded aggressively to the news sending the Lira more than 6% lower against the U.S. currency, its steepest decline since 15-July 2016...
World stock markets hit record highs on Thursday, as optimism over tax reforms in the United States boosted risk appetite.On Thursday, Republicans approved a fiscal spending blueprint that presented an outline for tax cuts and this instilled U.S equity bulls with enough inspiration to send the Dow, S&P 500...
Investors have marched into the final trading quarter of 2017 with a risk-on attitude, as global stocks hit fresh record highs on Wednesday.Most Asian Indexes were supported by the renewed appetite for risk, while Wall Street stole the spotlight - both the S&P 500 Index and Dow Jones Industrial...
Conviction in the pound seems to have fallen off the way side after the most recent days of trading with the pound taking further hits as it slides down the chart. This may come as a surprise to many given the recent comments from the Bank of England about...
The Euro selloff resumed on Tuesday, sending the single currency to $1.17 in Asia trade, the lowest in 6-weeks. The political risks have been gradually increasing in the past two weeks. It started with the German Federal Election, which led to the surge of the far-right and now Catalonia’s...
The Euro came under pressure early Monday, falling more than 0.4% against the USD, after preliminary results from the weekend’s Catalonia referendum showed 90% of Catalans are in favor of independence.There’s a high chance that Spain may be headed towards a new crisis, especially if Catalonia’s President  Carles Puigdemont...