Mark Carney
While European markets had a quiet and a somewhat mixed session yesterday, US markets continued to kick on from last week’s gains, once again making new record highs, continuing their divergence away from markets in Europe. This morning’s market open looks set to pick up from yesterday’s subdued European theme...
Bitcoin
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...
Bitcoin
Talking Points Bitcoin continues to make new highs as Asian buyers pile in. Sharp correction may see BTC consolidate before making a fresh attempt at $6,000. Bitcoin (BTC) Makes Yet Another All-Time High Bitcoin’s relentless march higher saw the digital coin near $6,000 in heavy Asian volume with exchange turnover in excess of $4...
Oil Commodity
President Trump’s update on its Iran relations today has the oil market nervous, overshadowing this evening’s U.S. CPI. Brent and WTI limped quietly into the week’s end overnight with the price action with the price action neutral as the dust settles. WTI outperformed as the DOE Crude Inventories showed a...
Europe
Concerns on the inflation path and questions on the future of tax plans continued to weigh on the dollar on Friday, while the pound drifted higher on reports that the UK may get a 2-year transitional period before it exits the EU. Although yesterday’s encouraging data on US producer prices and...
Euro Currency
The pound has gone wild on Thursday. The GBPUSD tanked to 1.3120 as the European Union’s Chief Negotiator for Brexit Michel Barnier said the EU will start ‘internal preparatory discussions’ amid the ‘Brexit impasse’ on the divorce bill. Shortly after, the pair rebounded to 1.3290 on news that Barnier could...
China
It was another mixed day for markets in Europe yesterday with investor’s content to play a waiting game ahead of next week’s Spanish government ultimatum to the Catalan government, and this weekend’s IMF meetings in Washington DC. The pound had a rather choppy day yesterday after EU chief negotiator Michel...
London Stock Exchange FTSE
Dunelm positive despite ‘challenging market’ Under promising and over-delivering is a good approach for boards and investor relations departments, but are retailers overdoing ‘post-Brexit tough market conditions’ worries? It’s become almost a reflex, with mention in virtually every company update this year. UK retail sales numbers continue to show resilience...
Australian Dollar Currency
NAB FX Technical Strategy Research maintains its bullish bias on AUD/USD arguing that from a price perspective the positive outlook that have been identified in recent months remains in play. "Additional bullish confirmation will be achieved with  a monthly close above the 50-month MA at 0.8008. Momentum bias has turned against the...
Oil Commodity
Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a steep rise in output, the International Energy Agency said on Thursday. In its monthly oil market report, the Paris-based IEA...