Federal Reserve
Has the Fed bought ‘optionality’ on the September meeting? If buying ‘optionality’ involves raising the market expectations of a rate rise to the point where the Fed can if desired raise rates without significantly surprising the market then at least based off fed fund futures, so far this has been...
Kier Group
Residential and constructions company Kier Group has been awarded three major contracts totalling more than £5bn. The FTSE 250 listed firm said on Tuesday that it had been selected to provide some services for the Department of Health, the University of Cambridge and Gatwick Airport. Chief executive Haydn Mursell said: "These...
US Dollar Currency
The recent moves of the dollar seem to be a bit irrational as a result of conflicting comments from Fed members. The dollar index rebounded on 18th Aug, the next day broke the upside downtrend channel resistance at 94.49, helped by the hawkish comments from New York Fed president Dudley...
Canadian Dollar
Another day, another US dollar sell-off. Traders piled into riskier assets as the outlook for greenback remains dark. London - The USD/CAD pair was trimming yesterday's gains and dropped 0.35% to trade around C$1.29 during the London session on Tuesday. The US dollar was under broad selling pressure and it...
China
China Banking Regulatory Commission said it will ban banks from trading treasury futures due to high leverage implying high risk involved. Beijing - The China Banking Regulatory Commission (CBRC) said it will not allow Chinese banks to trade treasury futures in the near term, following discussions with other government ministries. The...
New Zealand Dollar Currency NZD
The New Zealand dollar was the best performing currency on Tuesday as comments by the Reserve Bank of New Zealand Governor Graeme Wheeler lifted the kiwi in an otherwise muted summer trading session in Asia. In a speech at the Otago Chamber of Commerce, Wheeler reiterated the central bank’s view...
London Stock Exchange FTSE
Britain's leading share index rose on Tuesday, helped by a rise in housebuilders after strong results from Persimmon suggested that the sector was coping with the uncertainty from Britain's vote to leave the European Union. Persimmon rose 4.3 percent, the biggest riser on the blue-chip FTSE 100. It reported a jump...
London Stock Exchange FTSE
FTSE started the day upbeat. Basic materials (+1.00%) lead gains at the open, as financials, technology and utilities are set to perform well. We could see the FTSE taking a breather following the decent selling pressure it experienced due to a stronger pound and cheaper oil. There is a potential...
Euro Dollar Currency
Monday's dip was bought and the US dollar was back under broad selling pressure on Tuesday. London - Traders sold the US dollar on Tuesday and pushed the EUR/USD pair back above the $1.13 mark, with the euro gaining 0.25% during the morning session, trading around $1.1350. From the EU calendar,...
While manufacturing activity decelerated slightly in August, the services sector strongly supported the German economy with resulting composite purchasing managers' index near its multi-years high, a report from IHS/Markit showed. Berlin - Activity in the German manufacturing sector decelerated slightly from multi-year highs reached in June this year, a report...