Draghi Delivers…Now What? Morning Report: 8.30 London • It was a huge day for Mario Draghi’s ECB yesterday and the general consensus is that he did not fluff his lines. The highly anticipated QE program came in slightly bigger than expected and so far, there are few holes that analysis have found to pick through. Those […]
Draghi’s Day of Reckoning Morning Report: 8.30 London • Markets are relatively quiet today as we reach Mario Draghi’s day of reckoning. He is expected to announce the size and details of the ECB’s bond buying program around 1.30 PM today and little will matter until the plan is released. Markets are expecting the ECB to […]
Yen Rebuilds As BOJ Keep Steady Morning Report: 8.30 London • This morning, the Japanese yen is the big mover after the Bank of Japan kept their policy unchanged, but did downgrade inflation expectations. The upshot is a near complete reversal of yesterday’s gains, with the USD/JPY down 0.88%. Other yen pairs are following suit, but […]
Dollar Getting Back On Track Morning Report: 8.30 London • This morning, the US dollar index is continuing to get its trend back on track, pushing yen pairs higher and limiting gains on the dollar pairs. Meanwhile, the S&P 500 is rising after a blip on Friday. […]
Quiet After The Storm Morning Report: 8.30 London • This morning, markets are relatively quiet after the shock move from the Swiss National Bank Last week. Stock markets futures are unchanged after a strong showing on Friday, while the dollar index is holding around the highs. […]
Markets Stable After Swiss Black Swan Morning Report: 8.30 London • Markets are relatively quiet after the Swiss National Bank dropped a large boulder in the calm waters of the the EUR/CHF, with ripple effects across the FX world. The moves was completely unexpected and with other fears dominating trader’s radars, the SNB action is an […]
Aussie Leads On Employment Boost Morning Report: 8.30 London • This morning, the Australian dollar is leading markets higher after better than expected employment change data and an employment rate that dropped to 6.1%. The AUD/JPY is up 1.37%, with the AUD/ USD 1.02%. The NZD/USD is riding higher in sympathy. […]
Yen Takes Control Morning Report: 8.30 London • This morning, markets have continued to slide with the S&P 500 sipping back to the 100 period moving average after a brief flurry last week. […]
Gold Leading as Oil Slips To New Lows Morning Report: 8.30 London • This morning, commodities are on the move, with oil (WTI) slipping to $45 at one point this morning. By contrast, precious metals are in demand, with gold rising for the third day in a row. […]
Pound Dips As CPI Expectations Fall Morning Report: 9.00 London • This morning, markets are mixed, with slight gains for equities counter balanced by wider deflation concerns. […]
Markets Calm Before NFP Morning Report: 9.00 London • This morning, markets are calm ahead of this afternoon’s US Non Farm Payrolls. The S&P 500 achieved its target of retrieving the 10 period moving average and seems content to sit until receiving further instructions. […]
Dollar Pushes On Morning Report: 9.00 London • Risk appetite continues to increase on stock markets, with the 100 day moving average acting as support again for the S&P 500. […]
Markets Recover Poise Morning Report: 8.00 London • This morning, financial markets look set for their first positive session in five, though gains are slight so far. […]
Yen Leading For 2nd Day Running Morning Report: 8.00 London • While the dollar is making all the headlines right now, it’s the yen that has been the power currency so far this week as traders switch to a more defensive posture. The yen is up 0.49% against the US dollar and extending gains against other […]
Euro Hits Nine Year Low Morning Report: 9.00 London • In the early hours of this morning, the euro hit a nine year low, while at the same time, the dollar index rose to a nine year high. The two are of course inexorably linked and a significant part of the dollar’s dominance in 2014 can […]
Markets Start 2015 On Front Foot Morning Report: 9.00 London • After a soft end to 2014, stock markets are set to recover their poise and launch 2015 on the front foot. The S&P 500 futures are pointing to a positive session on the day, albeit from the disadvantage of a gap lower. […]
Markets Recover Poise For New Year Morning Report: 9.00 London • This morning, financial markets have recovered some of their intent in what is likely to be a slight day’s trading across the world. The last trading day of the year is currently making good some of yesterday’s losses, with the yen pairs nudging higher after […]
Dollar Weakens Markets Eye Havens Morning Report: 9.00 London • This morning, markets are on the back foot after yesterday’s Greek election turmoil. Not that this morning’s weakness can be wholly attributed to the Greek elections, such worry appears to be contained for now as evidenced by the euro’s rally this morning. […]
Australia Leads Twixmas Trades Morning Report: 9.00 London • This morning, the Australasian pairs are leading the ‘Twixmas’ trading period between Christmas and New Year. Volume is low as is to be expected, with the S&P barely moving. […]
Yen Recovers Some Poise Morning Report: 9.00 London • There will be a brief summary periodically though the Festive period, We wishing you a very happy holiday period. […]
Dovish Fed Turns On Christmas Lights Morning Report: 9.00 London • Last night a Dovish Federal reserved helped spark something closer to a Santa Claus rally, with the S&P 500 rallying around 2% to the close. This morning there’s further good cheers as European markets join the party. […]
All Eyes On Fed As Russia Stands On The Brink Morning Report: 9.00 London • This morning, the Russian Ruble is at least stable for now after the recent failed attempt to stop the currency crashing. Lower prices may indeed be on the way, but traders appear to be pausing for breath. • This mood appears to […]
Yen In Control Morning Report: 9.00 London • This morning, the Japanese yen is in control, as the USD/JPY drops for the fifth time in seven sessions. The pair appears to have topped around the 121.50 region, with the move continuing following the re-election of Shinzo Abe. The USD/JPY is off by 0.47% this morning, with […]
Yen Slight Rise On Abe Election Morning Report: 9.00 London • This morning, the Japanese yen has shown a positive, if muted reaction to the re-election of PM Shinzo Abe. The major yen pairs are heading lower, with the USD/JPY down 0.35% and the EUR/JPY off by 0.49%. […]
China Data Dampens Recovery Hopes Morning Report: 9.00 London • This morning, disappointing industrial production data from China is acting as a heavy weight on financial markets with the S&P 500 set to open down around 0.15% on the back of a punishing reversal last night. […]
Markets Rebuild After Heavy Selling Morning Report: 9.00 London • This morning, financial markets are starting to rebuild after heavy selling yesterday. The S&P 500 sold off into the close, but is making good around a quarter of those losses this morning. The dollar index gapped lower, but is now back to break even. […]
Dollar Slip Boosts Gold Morning Report: 9.00 London • This morning, the US dollar index continues to back off, with the Greenback set for its third straight day of losses. Gold and silver are capitalising on the move, with both precious metals riding high this morning on the back of yesterday’s moves. […]
Markets Retreat As Yen Gains Morning Report: 9.00 London • This morning, financial markets are on the back foot with the S&P 500 following through on last night’s heavy selling. With the exception of the Shanghai Composite, Asia Pacific markets were lower, as commodity prices continue to tumble. […]
Japanese Recession Worse Than Feared Morning Report: 9.00 London • This morning, forex and financial markets are reacting to the news that Japan’s recession was worse than expected. Final Q/Q GDP was down 0.5%, against expectations of -0.1%. Chinese trade balance came in higher than expected, but this has not been enough to offset the […]
Market Pause Morning Report: 9.00 London • This morning, financial markets are quiet ahead of US Non Farm Payrolls. The S&P 500 remains at the highs, while the dollar index is looking steady after a volatile session yesterday. […]
