Euro Shrugs as Greece Teeters On Brink Morning Report: 08.00 London • This morning, news outlets are running with headlines that imply Greece is teetering on the brink. On the brink of what though? Default? Leaving the Euro? Scraping through another deal? Whatever the outcome, it’s clear that the Euro doesn’t pay much attention to newspaper […]
The pound is reversing early gains Morning Report: 08.30 London • This morning, the euro slipped further after Greek debt talks appeared to slip closer to a ‘Grexit’ scenario with German creditors frustrated by the latest proposals that do not go far enough. […]
Crunch Time (again) For Euro Morning Report: 08.30 London • It’s crunch time (yet again) for the euro as the creditors try to play hardball against Greek demands for leniency. The euro remains unmoved so far this morning, but this is likely due to traders waiting to see how events play out. […]
Markets Recover From Over Sold Conditions Morning Report: 08.30 London • This morning, the S&P 500 is back on the rise after a spectacular over sold bounce yesterday. The move brings the S&P 500 back above the 100 period moving average – a level that has acted as strong support for some time. […]
Dollar Slumps as Yen Fights Back Morning Report: 08.30 London • This morning, the US dollar is retreating in the face of a strong yen advance. The dollar index is slumping for the third day in a row while stock markets recover somewhat. […]
Euro Rallies Despite Greece Troubles Morning Report: 08.30 London • This morning, the dollar remains on the back foot, with corresponding losses in stock market futures this morning. • The euro is the big winner despite a lack of any real progress in Greek debt negotiations. There were large gains for the EUR/GBP yesterday with follow up […]
Euro Defies The Headlines Morning Report: 08.30 London • While the majority of headlines lead with the Greek delayed payment, financial markets are telling their own story. Rather than collapsing, the Euro is holding firm and even making gains this morning – A sign that traders are reading between the lines and looking for a positive […]
Aussies Slips Back On Retail Sales Morning Report: 07.00 London • After a post RBA surge, the Australian dollar is slipping back this morning. Aussie retail sales and trade balance data came in well below estimates, forcing the AUD/USD and AUD/JPY to reverse trend. […]
Euro Rallies On Latest Greek Deal Morning Report: 07.00 London • This morning, the dollar index continues to retreat after yesterday’s dramatic reversal. • The rally appears to be an exaggerated reaction to the latest news on Greece whereby creditor nations have agreed a deal on their side. The small matter of Greece still having […]
Aussie Surge & Euro Pause Morning Report: 07.00 London • This morning, the US dollar is pulling back significantly for the first time since May 21st as traders book profits ahead of the June Non Farm Payroll numbers. • The dollar pairs are generally pushing higher, with the Australian dollar leading the charge. The AUD/USD […]
Euro Slips Greek Impasse Morning Report: 07.00 London • This morning, the euro is slipping back after Greek negotiations hit a bigger blockage over the weekend. There were low expectations of a deal being done before June 1st, but many analysts pointed to an agreement at least being reached before default. The pendulum appears to have […]
Euro Nips Back After Greek Hopes Morning Report: 07.00 London • This morning, the euro is nipping back slightly after days of steady gains on the back of Greek debt hopes. It seems unlikely a deal can be made by the end of the month, but many institutions are expecting a deal to be done on […]
Dire Capex Data Sees Aussie Slide Further Morning Report: 07.00 London • This morning, the US dollar is still in the driving seat as it looks set to post another positive session. • The big loser today is the Australian dollar after private Capex data came in well below estimates to send the Aussie skidding lower. […]
Dollar Steady on Hawkish Fed Morning Report: 07.00 London • This morning, the US dollar is steady after solid gains yesterday. These gains came on the back of a potentially hawkish tone from Fed chairperson Yellen. Previously expectations had been mountain over a much later rate hike, but those expectations are now coming closer to previous […]
Euro’s Steady Losses On Greek Exit Fears Morning Report: 07.00 London • This morning, the Euro is on the back foot once again as the situation in Greece seemingly stumbles towards a Euro exit. The Euro is down 0.32% this morning. • Adding to the Euro’s problems is the renewed strength in the US Dollar, with […]
Dollar Dips as Economy Falters Morning Report: 09.00 London • There were further signs of the US economy stumbling yesterday as existing home sales and the Philly Fed manufacturing index both came in below estimates. The data is poor enough to push the proposed US rate hike further into the future, but not yet so […]
Markets Dip as Fed Doubts Emerge Morning Report: 09.00 London • This morning, financial markets are stable after yesterday’s Fed induced sell-off. The minutes of the latest Fed meeting hinted that a rate hike that was anticipated for June may now appear in late 2015, perhaps 2016 as the US economy falters. • The […]
Dollar Rallies On Building Data Morning Report: 09.00 London • This morning, the dollar index continues to rally off the lows after strong building permits data. The dollar index is now back above its 14 day moving average for the first time since the beginning of April. • At the same time, the euro […]
Euro Slumps On German Sentiment Morning Report: 09.00 London • This morning, the S&P 500 is breaking to fresh record highs as US policy makers consider a perfect storm for equity markets of delayed interest rate hikes and sustained (if slowing) growth. • At the same time, the dollar index is on the rise […]
Markets Hold at Highs Morning Report: 09.00 London • This morning, world markets are holding at the highs, with the S&P 500 within a day’s session of breaking to record new levels. The dollar index is continuing to stabilise without making a sustained recovery. […]
Markets Set For Record High Morning Report: 09.00 London • This morning, the S&P 500 is poised to break through to record highs as the US economy and interest rate expectations reach a comfortable alignment for stocks. The economy is slowing just enough to push interest rate hike expectations into the future, while the slowdown […]
Further Signs Of China Cooling Morning Report: 09.00 London • This morning, another round of slower Chinese data has hurt the Australian and New Zealand dollars this morning. The AUD/JPY in particular has failed to break key support at the fourth time of asking. […]
Dollar Retreats On Trade Deficit Morning Report: 09.00 London • This morning, the US dollar is still on the back foot after yesterday’s widened trade deficit. Aligned with this, oil prices have hit a 2015 high above $60. • The S&P 500 snapped […]
Aussie Rallies Despite Rate Cut Morning Report: 09.00 London • This morning, the Australian dollar is on the rise despite the RBA cutting rates to 2.00%. There had been some speculation of an even deeper cut, so in the circumstances, an in-line cut to 2.00% is seen as good news for the Aussie. The AUD/JPY is […]
Dollar Stable Ahead Of Long Weekend Morning Report: 09.00 London • This morning, the S&P 500 is at least stable after two days of heavy selling, while the Dollar index is on the rise again though still below Wednesday’s close. • The USD/JPY […]
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RBNZ Shifts To Easing Policy Morning Report: 07.00 London • This morning, the S&P 500 is still reeling from yesterday’s poor GDP figures. The dollar stabilised yesterday after the GDP news as the Green offers both a safe haven and US economic proxy. • The big mover yesterday is the New Zealand […]
Pound Shrugs Off Election Uncertainty Morning Report: 07.00 London • This morning, the dollar index is extending its recent losses, firmly breaking the previous support of the 14 day moving average. This comes as interest rate hike expectations shift even further into the future. • The main dollar pairs are on the rise, benefitting from […]
Dollar Extends Retreat Morning Report: 07.00 London • This morning, the dollar index is continuing its retreat, while the S&P 500 extends yesterday’s pullback. • The dollar’s struggle is helping the dollar pairs to push higher. The AUD/USD is leading the […]
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