Here are the latest developments in global markets:FOREX: The dollar hit a two-week high against a basket of currencies as optimism on US tax reform continued to support the currency, though concerns over a possible government shutdown restricted steeper upside movement. The euro and the pound were on track to...
Equity markets in Europe are cautiously optimistic this morning, as the strong finish in Asia overnight has lifted sentiment.European equity markets have struggled to hold onto gains recently, but for the time being traders are optimistic.GVC Holdings announced it is in advanced talks with Ladbrokes Coral about a potential takeover, and the...
he British pound has posted slight losses in the Wednesday session, continuing the downward movement we’ve seen for most of the week. In North American trade, GBP/USD is trading at 1.3384, down 0.44% on the day. On the release front, there are no British events on the schedule. In the...
Sterling edged towards an eight-day low on Wednesday as growing uncertainty over the progress on Brexit negotiations weighed on the British currency with some investors unwinding long positions after a recent rally.Failure could mean a delay until February, adding to the risk of businesses scaling back investment plans in...
The price of bitcoin continued to soar on Wednesday, hitting a new record at $12,470, just hours after breaking the $12,000 mark. The world's most popular digital currency has been on a roll in recent weeks, surging nearly 80% in value in the last 30 days, while its value...
Societe Generale Cross Asset Strategy Research is out with its top FX trades for 2018 which includes 3 trades in spot (Long EUR/USD, Long AUD/NZD, and short USD/CAD). The 3 trades are structural-based that are meant to express SocGen's thematic views through the next 6 to 12 months.Long EUR/USD: "After a hiatus of...
IndicesEuropean markets have opened lower after another late sell-off on Wall St The Nasdaq 100 gave up 1% gains to end lower Japan’s Nikkei stock average closed down 2% for its biggest loss of 2017SharesHammerson has agreed to a £3.4bn offer for Intu Properties Legal & General...
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...
Talking PointsThe European technology sector is mimicking what happened over on Wall Street UK and EU walked away yesterday without having any deal Spanish industrial number painted more cheerful paintingUS futures are mainly focused on any new development on the US reform. Markets have priced in the impact...
Here are the latest developments in global markets:FOREX: The dollar weakened against its major counterparts on Wednesday as unless a deal is reached the government will run out of funds on Friday. This is spreading fears of a partial government shutdown. The pound was under pressure amid weakening hopes for progress on Brexit...