Australian employment disappoints again Morning Report: 08.30 London • This morning, financial markets are on the back foot as US markets lost momentum overnight. The US dollar index is once again slipping lower as Yellen’s commitment to quantitative easing sinks in. • Elsewhere, the Australian dollar is under isolated pressure with the AUD/JPY down 1.01% […]
Markets extend Yellen bounce Morning Report: 08.30 London • Financial markets are on the rise this morning after Janet Yellen confirmed her commitment to Quantitative Easing. • The risk-on currencies of the Australian and New Zealand dollars are also performing well after Chinese imports and exports came in above estimates. • Precious metal commodities by […]
Markets rise ahead of Yellen Morning Report: 08.30 London • Risk markets are on the front foot this morning ahead of Janet Yellen’s first testimony as head of the US Federal reserve. The S&P 500 is pushing higher for the fourth straight session, while the main risk-on FX pairs are enjoying a strong start to […]
Markets slip back after positive Friday Morning Report: 08.45 London • Risk markets are mixed this morning as equities hold on to Friday’s gains, while the main risk-on FX pairs are on the back foot. • The AUD/JPY is down 0.60%, with the AUD/USD off by 0.38%. […]
Were January Payrolls a Blip? Morning Report: 08.45 London • Markets are generally subdued this morning ahead of US Non Farm Payrolls at 13.30. Expectations have been diminished factoring in the extreme January weather, but coming on the back of a poor reading last months, traders will be looking for some good news. • […]
Aussie boosted by surprise surplus Morning Report: 08.45 London • Markets have a positive edge this morning, helped a surprise surplus in the Australian trade balance. • The AUD/USD is up 0.40%, with the AUD/JPY up 0.34% with the pairs also helped by strong retail sales data. […]
Yen dampens rebound Morning Report: 08.45 London • After a muted recovery yesterday, markets are once again looking shaky this morning. There is not movement to speak of on stock markets, but the lack of a compelling rebound could be telling. • The biggest mover is the AUD/JPY, as the Aussie’s post rally sell off […]
Bullish RBA lifts Aussie Morning Report: 08.45 London • This morning, markets are holding steady after heavy losses last night. Those losses, inspired by by some lack luster earnings could see the S&P 500 fall for two months in a row for the first time since May 2012. • It’s not all bad news […]
Markets slip back on Aussie PPI Morning Report: 08.45 London • As a continuation of the recent trends in recent weeks, yesterday’s big moves are starting to peel back, led by the S&P 500 and AUD/JPY. • The AUD/JPY is seeing the biggest falls following a disappointing set of PPI figures. • The […]
Emerging Market Turmoil Returns Morning Report: 08.45 London • This morning, financial markets are making good some of last night’s losses, but the damage still remains. • While stock markets stage a rally of sorts, commodities and commodity related currencies are still under pressure after disappointing Chinese Manufacturing PMI data. Silver is off by […]
Commodities slip back as markets settle Morning Report: 08.45 London • Emerging markets such as Turkey have taken bold steps to address their falling currencies in the last 24 hours, a move that has settle markets somewhat. The S&P 500 put in a strong performance yesterday and is broadly unchanged this morning. • Commodities […]
Markets shrug off Apple miss Morning Report: 08.45 London • Financial markets extended their losing run last night, after Apple missed earnings estimates. However, markets are putting in a good rebound this morning, erasing all of yesterday’s losses. • The main ‘risk on’ pairs of the AUD/JPY, AUD/USD and NZD/USD are performing well, with […]
Markets withstand Asian decline Morning Report: 08.45 London • Asian and emerging markets took a slide over the weekend, but so far, US futures are resolute, putting in early gains. • The Australian pairs are seeing the biggest movement, with the AUD/JPY up 0.58% and the AUD/USD up 0.42%. • The […]
Emerging Market Jitters Hit Home Morning Report: 08.45 London • Markets are on the back foot right now as investors switch into safe harbours and drop riskier assets, especially emerging market currencies. The Turkish Lira hit a record low, while the Argentine Peso came under pressure. Worries over China’s economy have generally hit home, with […]
China Worries Spook Markets Morning Report: 08.45 London • The day is still young, yet we’ve already seen a volatile session across Asia. Chinese manufacturing data came in below estimates at 49.6, a level that in theory implies contraction. • Commodities and commodity related currencies have been hit hard, with the AUD/JPY off by […]
Markets head for five year high Morning Report: 08.30 London • This morning, European stock markets are heading for their highest levels for five years as liquidity fears ease across Asia. The S&P 500 futures are currently just below right levels after a volatile session yesterday. • The Australian dollar is the […]
Yen slumps after China liquidity injection Morning Report: 08.15 London • Whether connected or not, there was a notable slump in the yen this morning after China pushed money into its banks ahead of the Chinese new year. • The USD/JPY is up 0.5%, the EUR/JPY & GBP/JPY up around 0.39%. The AUD/JPY is […]
China GDP relief Morning Report: 08.30 London • We’ve had some early volatility this morning as Chinese GDP came in just above forecasts to general relief across Asia. The data hasn’t quite translated into a bullish start to the day for US and European equities, but it has given the Australian dollar some positive momentum. […]
Kiwi slips on quiet morning Morning Report: 08.45 London • Markets are quiet this morning, with a busy economic data set due in the afternoon. The one movement of note is on the NZD/USD which is falling back heavily this morning. • Elsewhere, the dollar pairs are generally softer, though so far movement is […]
Aussie collapse on employment shock Morning Report: 08.45 London • This morning, the Australian dollar is dropping heavily after employment change data came in well below estimates. The AUD/USD is down 1.34%, while the AUD/JPY is off by 1.17%. • Commodities are also suffering, with gold down by 0.33% and silver off […]
China data halts rebound Morning Report: 08.45 London • After a strong rebound last night that saw US markets most of the loss from Monday, cautious trading has returned following poor Chinese lending data. • The dollar index is back on the rise, causing a ripple effect across the main forex pairs. […]
Yen wins following overnight sell-off Morning Report: 08.45 London • Last night US stock markets experienced their worst sell off since November, though thankfully things are a little more cautious this morning. • The yen pairs are seeing the biggest movements this morning and big sell offs yesterday. The GBP/JPY is leading the […]
Dollar dips following jobs drop Morning Report: 08.15 London • This morning, we’re seeing some strong pressure on the US dollar following Friday’s US jobs numbers which showed one of the slowest increases for three years. Asian markets appeared to shrug off the news, but the dollar index is really feeling the pressure. […]
Commodities rise ahead of Payrolls. Morning Report: 08.15 London • Markets are generally subdued this morning ahead of US Non Farm Payrolls at 13.30. The dollar index is on the back foot, helping dollar pairs to rise and commodities to find some buyers. • Silver is up 0.92%, with gold up 0.52%. […]
Chinese CPI dip limits early movement. Morning Report: 08.15 London • Lack lustre Australian building approvals and Chinese PPI data more than offset strong Aussie retail sales data across Asian this morning and this has translated into cautious trading in the early European session. • The dollar pairs are making moderate gains with […]
Dollar dominates on recovery hopes Morning Report: 08.15 London • This morning, the strong US dollar continues to dominate market movements, with the yen pairs being pushed higher across the board. • The USD/JPY is up 0.33%, with the GBP/JPY leading the pack, up 0.43%. • The Canadian dollar is […]
Dollar Rides Back Morning Report: 08.45 London • This morning, stock markets are looking for positives after the S&P 500 closed down for its third straight day. • On currency markets, the dollar index rise causing dollar pairs to slip back this morning, with the Australasian pairs hardest hit. • […]
Pound drops on austerity extension Morning Report: 08.30 London • This morning, this pound is suffering after UK Chancellor announced an extension of austerity measures. The GBP/JPY is off by 0.56%, with the GBP/USD down 0.37% and the EUR/GBP up 0.45%. • The yen pairs are generally lower, though the USD/JPY is off […]
Global manufacturing boosts commodities Morning Report: 08.30 London • This morning while stock markets fall off, commodities and commodity related currencies are on rise after a strong set of manufacturing figures across the world. • The S&P 500 looks set for its second straight day of losses, while the dollar index remains unchanged. • […]
2014 Starts With Silver Lining Morning Report: 07.15 London • Despite a dip in Asian markets and disappointing Chinese manufacturing figures, markets have started 2014 on a high. European indices and US stock market futures are on the rise after a number of days of stagnation. • The dollar index is rising slightly, but […]
