Markets Ease Into Summer Doldrums Morning Report: 08.45 London • Markets continue to drift in the summer heat, with traders apparently content to hold at the highs. Global economic recoveries are being kept in check by the ongoing conflicts in Iraq and Ukraine. […]
Why The ECB Can’t Go Far Enough Morning Report: 08:45 London The ECB took centre stage on Thursday as Mario Draghi unveiled the ECB’s big push to combat the Eurozone’s growth and deflation problems. The headline measures include an MRO rate cut down to 0.15% and the introduction of a negative deposit rate. There were […]
Gold retreats after Thursday jump Morning Report: 08:45 London • Gold and silver are peeling back this morning after leaping higher yesterday. The spike has been attributed to a late reaction to the dovish Fed statement, but something else was afoot. The pull back today is natural after a large move, especially one that push […]
Fed Looks On The Bright Side Morning Report: 08:45 London • The Fed certainly didn’t disappoint yesterday, with a statement that financial markets liked. A lot! The S&P 500 regained its bull run and is now within reach of the 2,000 level. […]
Fed Looks On The Bright Side Morning Report: 08:45 London • The Fed certainly didn’t disappoint yesterday, with a statement that financial markets liked. A lot! The S&P 500 regained its bull run and is now within reach of the 2,000 level. […]
Markets Await The Fed Morning Report: 08:45 London • This morning markets are keeping a watching brief as well they might with the Bank of England releasing the voting patterns from its last meeting and the FOMC providing its latest guidance on interest rates and QE. The Fed announcement and following press conference is the […]
Markets Slip On European Data Morning Report: 08:45 London • Currency markets are mixed this morning after UK and European data came in below estimates. UK inflation and PPI came in well below estimates, while German ZEW sentiment also sank more than anticipated. The euro and pound are lower, but the damage could have been […]
Gold Pushes Higher On Iraq Unrest Morning Report: 08:45 London • After a weekend of violence and an incredibly rapid advance from ISIS in Iraq, precious metals are in demand this morning. Gold and Silver are stepping up their recent up trends. […]
How Far Will Carney Go? Morning Report: 08:45 London • Bank of England governor Mark Carny put a rocket under the British pound in a speech yesterday. The key message was: “This decision [to raise interest rates] is becoming more balanced. It could happen sooner than markets currently expect”. Markets had already been pricing in […]
Kiwi Shines After Rate Hike Morning Report: 08:45 London • Volatility still appears to be on Summer break, but the is one notable mover this morning – the NZD/USD. The Kiwi is on the rise after the RBNZ voted to raise interest rates by 0.25% and judging by market reaction, there is scope for more. […]
Markets Hold The Highs While Euro Struggles Morning Report: 08:45 London • This morning, world markets continue to hold at the highs, but the situation is looking increasingly stretched, especially as the euro continues to tick back. […]
Euro Takes A Dive Morning Report: 08:45 London • This morning, the euro is on the back foot as traders continue to assess the impact of the ECB meeting and implications for Quantitative Easing. • The EUR/JPY is off 0.44%, with the EUR/GBP down 0.27% and the EUR/USD down 0.24%. […]
Aussie Boosted On China Play Morning Report: 08:45 London • The new week has started on a positive footing across Asia as Japanese equities hit three month highs. China export data rose by a more than expected 7%, helping the Australian dollar to pump higher. • The AUD/USD is up 0.27%, with the NZD/USD not far […]
ECB Action At Last – But Is it Enough? Morning Report: 08:45 London • The ECB took centre stage yesterday as Mario Draghi unveiled a menu of activities it has activated to finally help the Eurozone turn the corner. The headline measures include a rate cut down to 0.15% and a negative deposit rate. There […]
Volume Dries UP Ahead Of ECB Morning Report: 08:30 London • Markets are keeping a reserve today ahead of the big ECB meeting and the FOMC meeting tomorrow. Consensus forecasts are for the ECB to cut rates to 0.10%, with potential for other measures. So far the euro is largely unchanged. […]
Markets Eye Big Data Morning Report: 08:30 London • Markets slipped back into cautious mode this morning ahead of today’s US ADP jobs data and tomorrow’s ECB rate statement. The S&P 500 remains with touching distance of the record highs though while the dollar index continues to climb steadily. […]
Asian Data & Tax Cut Hopes Lift Markets Morning Report: 08:30 London • This morning, world markets are still holding around recent highs, helped by a series of encouraging data points from Asian over night and hopes for a corporation tax cut in Japan. Chinese manufacturing data came in above estimates, while Australian current account data […]
Heavy Losses For Aussie As Building Approvals Slip Morning Report: 08:30 London • The Australian dollar is under heavy pressure this morning after building approvals came in well below estimates and inflation nudged slightly lower. Company operating profits came in above estimates, but the damage has been done. […]
Mood Turns As Japan Falters Morning Report: 08:30 London • Last night, the S&P 500 closed at yet another record high, but this morning, the mood is turning after Japanese household spending fell at its fastest pace for three years. At the same time inflation grew, putting on hold the chance of imminent action from the […]
Commodities Feel The Pressure Morning Report: 08:30 London • Commodities continue to feel the pressure this morning, with silver down another 0.79% and gold off by nearly 0.40%. The strengthening US dollar is having a significant impact here. […]
Markets still optimistic despite far right gains Morning Report: 08:30 London • This morning, currencies with the biggest exposure to China (Aussie and Kiwi) are coming under pressure after Chinese banks reported the largest level of bad debt since 2009. Many are expecting more bad news from the emerging power house, but nobody knows how far […]
Markets still optimistic despite far right gains Morning Report: 08:30 London • Financial markets have generally made a positive start to the day as Asian equities remain around 2014 highs and European markets shrug off electoral gains for far right parties. The big ticket news item is that the ECB might just be willing to open […]
Markets Stretch Back Towards Highs Morning Report: 08:30 London • This morning, world markets are eyeing all time highs, as Asia-Pacific stock markets eye 2014 highs and the S&P 500 its all time highs. • Generally, markets are waiting […]
China Manufacturing Boost Morning Report: 08:30 London • This morning, markets are on the rise after Chinese flash manufacturing rose to its highest level in five months – more than analysts estimated. This has put the wind in the sails for the Australian dollar after a period of selling. […]
Iron Ore Prices Pressure Aussie Morning Report: 08:30 London • This morning, softer iron ore prices are putting pressure on an already struggling Australian dollar. To add insult to injury, consumer sentiment dropped by its largest amount for 12 months. The AUD/JPY is down 0.23%, with related pairs down by a similar margin. […]
Aussie shrinks on RBA Minutes Morning Report: 08:30 London • This morning, the Australian dollar is peeling back after the release of the minutes from the last RBA meeting. These minutes appear to pour cold water on the idea of an imminent rate rise, with the AUD/JPY and AUD/USD forced down by 0.60%. The NZD/USD is […]
Aussie Suffers While Euro Rebounds Morning Report: 08:30 London • This morning financial markets have a slight negative bias after a generally benign session in Asia. The S&P 500 is dropping lower, while the main ‘risk on’ currencies such as the Australian dollar are finding few friends. […]
Correction or reality starting to set in? Morning Report: 08:30 London • Yesterday saw stock markets and the main ‘risk-on’ currency pairs fall back despite some positive economic news from the US. Europe led the way here as Eastern nations saw their growth slow more than expected and French & Italian economies flat lining. This is […]
Pound Extends Losing Streak Morning Report: 08:30 London • Markets are jittery so far this morning after disappointing earnings from Japanese companies such as Sony. The Ukrainian crisis continues unabashed with the West blaming Russia for inflaming the crisis in the East. The S&P 500 is up slightly while the dollar index regains its winning form. […]
Markets Bypass China/Ukraine Concerns Morning Report: 08:30 London • This morning, the Australian dollar is centre stage after the 2014 budget saw the introduction of a number of radical measures including a 2% levy on incomes above $180,000. The move hit Aussie equities, but so far currency traders have boosted the AUD/JPY and AUD/USD. […]
