Dollar Pairs Rebound After NFP Upset Morning Report: 09.00 London • This morning, the dollar pairs are recovering some of the ground lost on Friday after a strong US Non Farm Payrolls sent markets sliding. The prospect of an early rate hike saw most dollar pairs plunge in Friday, including gold while the US dollar index […]
Markets Eye Payroll Dip Morning Report: 09.00 London • If yesterday was all about the ECB, today is all about the US Non Farm Payrolls jobs report. Analysts are expecting a gain of +240k, down on last months, but as ever it is the deviations from this expected amount that are key rather than the actual […]
Euro Drops As ECB Approaches Morning Report: 09.00 London • The euro is under focus this morning, with traders nervous ahead of today’s ECB meeting. The meeting is not expected to launch the the new quantitative easing program, but further details are anticipated regarding the launch date. The euro has been selling off through the morning […]
Markets Flat After India Rate Cut Morning Report: 06.30 London • This morning, markets are flat as a pancake as traders await today’s ADP non farm employment change. The S&P 500 has nipped back slightly, while the dollar index is unmoved. […]
Aussie Rate Hold Surprise Morning Report: 06.30 London • This morning, the Australian dollar is the big mover after the RBA unexpectedly kept rates on hold. Not only this, building approvals, current account and average earnings all impressed. The AUD/USD is up 0.68%, the NZD/USD up 0.45% and the AUD/JPY up 0.40%. […]
Dollar Rallies On China Rate Cut Morning Report: 06.30 London • This morning, the US dollar index is rallying back towards the highs as China cuts rates for the second time in three months. Stock markets are nudging higher across the world. […]
Markets React To Summer US Hike Morning Report: 06.30 London • The dollar index rapidly regained the 14 day moving average yesterday after economic data supported the view that US rates would be going up in the summer. The dollar has backed off a little this morning, but the impact of the move still remains across […]
Is The Dollar Trend Turning? Morning Report: 09.00 London • This morning, the dollar index has continued to slip below the 14 day moving average, hinting at a trend change and a halt to the dollar’s near relentless rally. […]
Renewed China Hopes Lift Aussie Morning Report: 8.15 London • Markets rose last night on the twin reassurance of a steady Janet Yellen testimony and the passing of the Greek debt plans by the Troika. The S&P 500 rose to fresh new highs, but the dollar sank on the prospect of a rate hike coming slightly […]
Greece Waiting For Approval Morning Report: 8.15 London • This morning, we’ve yet another important deadline ahead for Greece with the Eurogroup meeting to approve the interim reform program. As well as this we have the MPC inflation report hearings, ECB president Draghi speaking and an all important testimony from Fed chair Yellen. It’s a day […]
Markets Retreat Despite Greek Relief Morning Report: 8.15 London • This morning, financial markets are retreating back from the highs despite the weekend’s deal on Greece. Many are concerned that the deal did little more than the bare minimum required to tide things over until the next deadline. Stock markets are peeling back slightly from record […]
Markets Slide Sideways Morning Report: 8.15 London • This morning, equity markets continue to slide sideways despite the ongoing disagreements over Greece and conflict in Ukraine. The S&P 500 is still within Tuesday’s range, while the dollar index remains below the 14 day moving average. […]
2015-02-17 Euro Rallies On ECB Support Morning Report: 8.15 London • This morning, the euro is rallying after the ECB pledged support yesterday for Greek banks to help prop up the capital outflows since the start of the year. Capital controls are now being suggested, a move that does not exactly have universal support. […]
2015-02-17 Markets Hold Highs Despite Ukraine Unrest Morning Report: 8.15 London • This morning, the S&P 500 is holding at record highs despite the Ukraine peace agreement crumbling and Greece facing yet another crucial deadline. […]
2015-02-17 Euro Holds Despite Latest Greek Impasse Morning Report: 8.15 London • This morning, the euro has barely moved overnight following the breakdown in the latest round of eurogroup meetings. The acrimony is largely expected it seems, with markets anticipating this sort of posturing and brinkmanship prior to a deal being made. In all likelihood […]
Euro Steady Ahead Of Eurogroup Meetings Morning Report: 8.15 London • This morning, the S&P 500 is nipping back after breaking to record highs on Friday’s close. At the same time, the dollar index is slipping back below the 14 day moving average for the third day in a row. […]
Euro Rallies On Greece Progress Morning Report: 8.15 London • This morning, there are signs of a compromise for the two major risk factors troubling markets this week. A cease fire has been arranged in Ukraine, while there are positive noises coming from the Greek negotiations. In both cases, there is a healthy amount of scepticism, […]
Aussie Heads Down Under On Employment Miss Morning Report: 8.30 London • This morning, financial markets are on the back foot despite rumours of a compromise in the Ukraine/ Russia conflict. The US dollar is challenging the previous highs as the euro remains under pressure. […]
Pound Leads After GDP Boost Morning Report: 8.30 London • This morning, financial markets still maintain a positive bias despite a pause around the highs this morning. The dollar index is maintaining a similar path and is within a day’s session of hitting multi year highs. […]
Kiwi Out Performing Morning Report: 8.30 London • Range bound trading persists across financial markets. Both the S&P 500 and dollar index remain within trading ranges with both still within touching distance of the highs. […]
Euro Steady Despite Greek Downgrade Morning Report: 8.30 London • This morning, financial markets are relatively steady with various cross currents making it hard for traders to catch a strong trend. The euro is holding relatively steady despite the downgrade of Greek debt over the weekend – The move was largely telegraphed and as such […]
Markets Eye Payroll Dip Morning Report: 8.30 London • This morning, markets are treading water as traders wait for the release of today US Non Farm Payrolls. As slight dip is expected, but as ever deviations from this will be the deciding factor not the absolute number. • The dollar index is unchanged after closing below […]
Dollar Softens On Weak ADP Data Morning Report: 8.30 London • This morning the US dollar is slightly softer, but still holding the 14 day moving average. Last night, the US ADP payrolls came in slightly below expectations at 213k, thus easing expectations for Friday’s big NFP data. […]
Greek Tensions Ease To Send Euro Higher Morning Report: 8.30 London • This morning, Financial markets are steady and waiting for the prevailing wind of today’s main economic items after a strong rally yesterday. The potential Greek crisis appears to be pulling back from the brink the new government softens it position. Greek is effectively […]
Morning Report: Aussie Slumps On Unexpected Rate Cut Morning Report: 8.30 London • This morning, the Australian dollar is the big mover after cutting rates to 2.25% form 2.50% in an unexpected move that matches the other commodity heavyweight Canada. The AUD/JPY is down -2.42%, with the AUD/USD off by 2.18%. The NZD/USD is also […]
Euro Holds Despite Greek Rumblings Morning Report: 8.30 London • This morning, financial markets are holding firm alongside the dollar index despite sabre rattling between Greece, the Troika and Germany over the treatment of debt. […]
Aussie Slips As Dollar Receives Fed Boost Morning Report: 8.30 London • This morning, stock markets are stable after selling off heavily into the close last night. The Federal reserve kept on message, reiterating that the ‘patient’ is recovering with means a rate hike is more likely than not this year. Stock markets don’t like […]
Euro Rally Falters Morning Report: 8.30 London • This morning the euro’s rally has stalled, with the EUR/USD dipping 0.31% this morning and the EUR/GBP slipping back by a similar magnitude. It’s more an absence of good news than anything negatively concrete behind today’s flows. Murmurs persist of the ability of the new Greek government to […]
Euro Steadies As NY Hit By Big Freeze Morning Report: 8.30 London • This morning, stock markets are slightly negative, while the dollar index peels back ahead of the big freeze (and shut down) hitting New York City. Markets are also eyeing Apple and Yahoo’s results released later. […]
Euro Rallies Despite Syriza Victory Morning Report: 8.30 London • Far left party Syriza fell two short of forming am outright government in Greece, but they are expected to form the majority share in coalition government. The long term consequences of this development are still unclear, but judging by market reactions so far, election result is […]
