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Brent crude fell to a four-year low under $76.30 a barrel on Thursday as it became increasingly unlikely that OPEC would cut output in support of prices during a meeting in Austria. Related Posts:Video market update for April 11, 2024 April 11, 2024 Potential for the further rally on USD/JPYThe material has been…Overview of the […]
European markets have opened in positive territory today, as yesterday’s upwardly revised US third-quarter Gross Domestic Product (GDP) data lifted investor sentiment. Later today, market participants will keep a tab on the UK’s revised third-quarter GDP data for further direction. Moreover, US Reuters/Michigan consumer sentiment, durable goods orders, personal income and spending, new home sales […]
European markets have open mostly flat today. Going forward, market participants will focus on US revised third-quarter Gross Domestic Product (GDP) data for further direction. Closer home, traders will keep a tab on UK mortgage approvals data along with a speech by the Bank of England Governor, Mark Carney. Additionally, the German financial stability report […]
US Indices registered another record close on Friday , as the economic recovery in the States continues to gain pace. By contrast, both China and the ECB are wrestling with how to respond to tough financial situations; the former has just cut its interest rates while the latter has now opted for increased asset buying. […]
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Minutes from the FOMC October meeting were released yesterday; the statement showed policymakers to be inconclusive over the outlook for the economy and inflation. The Dollar surged to a seven-year high against the Yen, Japanese trade balance data did little to stop its momentum. Growth in China’s factory sector stalls. Related Posts:Technical Analysis – USDCAD […]
Japan calls snap election, Dollar rises to seven-year high against the Yen, Royal Mail results. Related Posts:Video market update for April 11, 2024 April 11, 2024 Potential for the further rally on USD/JPYThe material has been…Overview of the EUR/USD pair. April 11th. The market… April 11, 2024 The EUR/USD currency pair traded in familiar channels […]
European markets have opened in the green, on continued positive reaction to the European Central Bank chief, Mario Draghi’s comments, late yesterday, that reinforced speculation for additional stimulus measures in the Eurozone . Going forward today, traders would keep a tab on the UK’s consumer and producer price inflation reports along with retail sale price […]
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European markets have open firmer today, with markets focused on Eurozone consumer price inflation and Gross Domestic Product (GDP) data to gauge the pace of recovery in the Euro bloc. With no major domestic releases ahead, traders would closely track US retail sales and consumer sentiment data for further cues on the strength of the […]
European markets have open firmer today, paring some of its previous session losses. Markets keenly eye the European Central Bank’s monthly report scheduled later in the day for further direction. Earlier today, data indicated that the UK house price balance dropped in October. With no major domestic releases ahead, traders would keep a tab on […]
European markets have open in negative territory today, reversing previous session gains, after regulators in the UK and the US imposed fines on five major global banks to settle allegations related to manipulation in foreign exchange markets. Going forward today, investors would focus on the Bank of England’s (BoE) quarterly inflation report for further cues […]
European markets have open in the green today, amid optimism over the US economy and following upbeat earnings updates from some European companies, including Vodafone and Henkel. Closer home, data from the British Retail Consortium indicated that like-for-like retail sales in the UK remained unchanged in October. With no major economic releases in Europe and […]
European markets have open mostly higher today, tracking gains in Asian markets. A report over the weekend indicated that China’s trade surplus expanded in October while earlier today data showed that China’s consumer price inflation remained steady as expected last month. Closer home, traders will track Lloyds employment confidence data due later today. With no […]
European markets have open in positive territory today, extending previous session gains sparked after the European Central Bank President, Mario Draghi, hinted at additional stimulus measures to boost economic growth and to combat deflationary pressure in the region. Closer home, UK trade balance data due later today will attract market attention. Moreover, US nonfarm payrolls […]
European markets have open in the red today, as investors remained cautious ahead of the monetary policy decision from the European Central Bank and the Bank of England. Closer home, data from Halifax indicated that house prices in the UK rose less than expected in October. Later today, UK industrial and manufacturing production data along […]
European markets have open in positive territory today, rebounding from the previous session’s sharp losses. Meanwhile, news reports revealed that the US Republican Party has won a majority in the US Senate during the mid-term elections. Closer home, the NIESER lifted its economic outlook for the UK and expects the Bank of England to keep […]
European markets have opened lower today, extending the previous session’s losses. Resource sector stocks are in focus today amid falling oil and iron ore prices. Closer home, traders will keep an eye on Markit construction Purchasing Managers’ Index data which is expected showed a decline in October. Additionally, market participants look forward to the release […]
European markets have opened in negative territory today, as mixed manufacturing data out of China tempered traders’ optimism over the Bank of Japan’s decision on Friday to boost stimulus measures. Closer home, market participants will keep a tab on Markit manufacturing Purchasing Managers’ Index data which is expected to show a slowdown in the UK […]
European markets have opened higher today, amid optimism over the US economy and tracking sharp gains in Japanese markets triggered by a report that Japan’s Government Pension Investment Fund might increase its holdings in equities and the Bank of Japan’s decision to implement fresh easing measures. Closer home, data showed that the GfK consumer confidence […]
European markets have opened mostly flat as upcoming corporate earnings update and the Fed’s monetary policy decision to end its quantitative easing programme yesterday turned investors’ cautious. Closer home, data showed that Nationwide house prices rose at a faster than expected pace in October. Going forward, a batch of Eurozone economic sentiment, German consumer price […]
European markets have opened in positive territory today, mirroring gains in US and Asian markets. Closer home, traders will track mortgage approvals and M4 money supply data due later today for further direction. The main focus will be on the outcome of the US Federal Reserve’s policy meeting, with expectations that the Fed might wind […]
European markets have opened in the green today, rebounding from previous session losses, as traders cheered upbeat earnings from some European blue-chip companies, including Novartis and UBS. Amid a lack of domestic economic releases today, traders will closely track US durable goods orders, consumer confidence and home prices data for further guidance. Markets participants also […]
European markets have opened in the green today, after most of major European banks passed the European Central Bank’s stress tests. Closer home, market participants will keep a tab on the Confederation of British Industry’s monthly distributive trades survey data due later today. Additionally, German Ifo sentiment indices, Eurozone M3 money supply figures along with […]
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European markets have opened in negative territory today, as reports of the first diagnosed Ebola case in New York weighed on investor sentiment. Meanwhile, investors mulled over earnings updates from some big European companies. Closer home, traders will keep a tab on today’s GDP data which is expected to show that the UK economy grew […]
European markets have opened in the red today, amid jitters over the shooting at Canada’s parliament yesterday. Closer home, traders await retail sales data which is widely expected to register a drop on a monthly basis in September. BBA mortgage approvals and CBI industrial trends survey data will also be closely eyed for further direction. […]
