Risk-on was the name of the game at the start of this week with global stocks marching to record highs as geopolitical tensions eased. In the foreign exchange arena, Sterling edged lower after Carney dialed back on his hawkish rhetoric on Monday. The Dollar remains pressured ahead of Wednesday’s FOMC decision while the renewed appetite […]
The Dollar tumbled to fresh 13-month lows after July’s Federal Reserve policy statement was presented with a dovish touch. Although it was widely expected that monetary policy will be left unchanged, the apparent lack of conviction expressed on possible timings bruised the Dollar. With the Greenback on the back foot, EURUSD and GBPUSD were well […]
A sense of caution lingered across the markets on Tuesday with Asian and European equities mixed ahead of the FOMC statement this week. OPEC and Non-OPEC members offered oil markets a lifeline on Monday after they displayed optimism over the current production cut deal. The Greenback remains pressured by the political drama in Washington while […]
A sense of anticipation can be felt across the markets ahead of the UK retail sales data and ECB meeting. Asian and European equity markets ventured higher while the Dollar continues to nurse its wounds. In the commodity arena, WTI Crude lurched higher following reports of crude inventories declining. Investors will closely scrutinize the ECB […]
World stocks were mixed at the start of the week as investors juggled with a multitude of economic releases. Dollar weakness rattled the currency markets while Sterling popped above 1.3000 on monetary policy speculations. Gold has benefited from a touch of caution but WTI Crude remains gripped by the oversupply concerns. Much attention will be […]
Investors seem to have adopted a wait and see approach during Tuesday’s trading session with the forex markets in “wait and see” mode. The lingering impacts of June’s “Goldilocks” US NFP report continue to support the Greenback while equity markets have been pressured by falling oil. With the oversupply concerns still weighing heavily on oil […]
The market reaction was fairly muted following June’s mildly hawkish FOMC meeting minutes. There was a visible divide on the central bank should unwind its mammoth balance sheet. Thursday’s potential market shaker could be the ECB meeting minutes which may dish out a hawkish twist. WTI Crude remains pressured by the oversupply concerns while Gold […]
Asian stocks concluded lower on Tuesday while European equities were under pressure.The Japanese Yen appreciated against its major counterparts amid rising risk aversion.Gold bulls found support in the form of geopolitical risk during Tuesday’s trading session as the metal rebounded from $1220. Oil prices were pressured following reports of OPEC’s production in June climbing to […]
The currency markets were volatile on Wednesday after central bank official’s dished out a hawkish surprise. Sterling and Euro ventured higher while the Dollar was under pressure. The prospects of higher rates supported risk appetite as World stocks edged higher. With risk-on back in fashion safe haven assets such as Gold were slightly pressured. – […]
World stocks were mostly mixed on Tuesday as markets braced for an intense trading session dominated by financial heavyweights. Euro Bulls sprinted into action on Tuesday after European Central Bank President Mario Draghi displayed fresh optimism over the health of the European Economy. The air of caution continues to support safe-haven assets with Gold back […]
World stocks were under selling pressure on Wednesday after a selloff in oil prices dented risk sentiment. Sterling was extremely volatile this week with prices lurching higher after BoE Haldane offered a hawkish lifeline. Oil prices have officially entered a bear market amid the oversupply concerns. The air of caution boosted appetite for safe-haven assets […]
Financial markets have roared back to life after a solid rebound in technology stocks and optimism over French President Emmanuel Macron’s extraordinary electoral victory boosted risk sentiment. Sterling was vulnerable to heavy losses on Tuesday after Mark Carney suggested that interest rates should be kept on hold amid the Brexit uncertainty. Dollar bullish investors were […]
Financial markets were caught off guard on Wednesday after the Federal Reserve dished out a hawkish surprise.Although the central bank remains optimistic over the health of the US economy, the soft domestic data illustrates a different picture.Much attention will be directed towards the pending BoE meeting which markets expect to conclude with rates left unchanged. […]
The Sterling was weak and unstable during Monday’s trading session as investors mulled over last week’s shocking UK election outcome which dished out a nightmare “hung parliament” surprise. With Theresa May’s gamble to strengthen her hand ahead of the Brexit negotiations brutally back firing and sparking chaos in Westminster, the British Pound remains vulnerable to […]
Investors were on edge while markets remained on standby ahead of a trio of risk high-risk events which could create explosive levels of volatility across the board. Investors will direct their attention towards the ECB press conference this afternoon which may rock the Euro, while former FBI directed James Comey’s testimony should impact the Greenback. […]
Financial markets have started the week with a bang following the unexpected political rifts in the Gulf which sent shockwaves across markets in the local region. In a week where investors were bracing for news focused on the upcoming UK elections and politics in Washington, this fresh development has left most on high alert. The […]
Sterling found itself under renewed selling pressure on Thursday as fears heightened over Theresa May losing control of parliaments in Britain’s June 8 election. Stock markets were mostly mixed amid the uncertainty and political risk across the globe. The Dollar struggled to maintain gains after the mixed bag of economic data from the US weighed […]
The optimism over big oil producers extending output cuts has boosted oil prices this week. While OPEC and Non-OPEC members may be commended on their ability to exploit oil price sensitivity to create speculative boosts, it could come at a heavy cost if markets remain saturated. Although oil prices are expected to edge higher if […]
Stock markets were mostly mixed during Tuesday’s trading session as investors observed from a safe distance following the Trump developments. Risk aversion simply turbocharged Gold bulls with prices pressing against $1260. The absence of political risk in Europe has boosted the Euro’s attraction with the EURUSD lurching to 6-month highs. Much attention will be directed […]
The brewing political uncertainty in Washington has sparked concerns over Donald Trump’s ability to move forward with his proposed pro-growth policies. This sense unease continues to accelerate the flight to safety while punishing global stocks. Sellers have even exploited the uncertainty to pressure the Greenback while Gold is back in bid. Investors will direct their […]
Global stocks were static last week with most major arenas searching for direction on Monday as investors sought fresh inspiration. The main focus was Oil’s resurgence following reports of Russia and Saudi Arabia agreeing that supply cuts should be extended until March 2018. The absence of political risk in Europe has elevated the Euro while […]
The Greenback regained its attitude on Wednesday after the Federal Reserve unexpectedly maintained a hawkish rhetoric. Although U.S economic data was mixed and first quarter growth sluggish, the central bank acknowledged this and suggested it was simply a transitory. Sterling remains in the spotlight with the battle of words between financial heavyweights on the Brexit […]
Stock markets edged higher on Tuesday as investors focused on stronger corporate earnings. Sterling found itself back in the limelight after the European Union’s hard line on the Brexit negotiations rekindled hard-Brexit fears. The combination of soft economic data and Trump uncertainties continue to pressure the Dollar while oversupply fears have dragged WTI crude below […]
Investors were left empty handed on Wednesday after Donald Trump’s massive tax announcement failed to provide the clarity long sought. While some details were provided over corporate tax’s receiving a cut from 35% to 15%, questions were raised if such would be passed through congress. The disappointment has impacted the Macron-inspired risk-on rally with sellers […]
Global stocks were elevated to record highs after Centrist Emmanuel Macron secured a position in the second round of the French presidential elections. The heightened speculations of Macron becoming the next French president has reduced Frexit related concerns and boosted risk sentiment. With risk on now the name of the game, safe haven assets such […]
Global stocks were on the defensive this week as the combination of depressed oil prices and anxiety ahead of the French presidential elections this weekend left investors edgy. Oil found itself under renewed selling pressure on Wednesday after an unexpected weekly climb in U.S gasoline supplies compounded with existing oversupply fears. Although Sterling staged an […]
Global stocks were under renewed selling pressure this week as the horrible combination of geopolitical tensions and political uncertainty weighed on sentiment. Risk aversion remains the name of the game and such has boosted appetite for safe-haven assets such as Yen/Gold. In Europe, the threat of Marine Le Pen winning the presidential elections has exposed […]
Global stocks stumbled into losses on Wednesday after the Fed minutes showed an agreement between Fed members on shrinking the $4.5 trillion balance sheet. The depreciation in oil prices and anxiety ahead of the Trump-Xi summit compounded to the decline with risk aversion becoming a key theme. Gold prices staged a miraculous rebound amid the […]
Risk aversion gripped the financial markets on Monday with global stocks coming under renewed selling pressure as investors tread cautiously ahead of a data-packed week. With a flurry of economic reports, the pending Trump-Xi summit and NFP on Friday likely to spark volatility, participants may adopt a cautious approach. The political risk could remain a […]
The Brexit reality has left Sterling volatile with the GBPUSD entangled in a fierce tug of war. Now that the UK is on an official quest to breaking away from the European Union, Sterling sensitivity could intensify. With uncertainty still a major theme when dealing with the Brexit, the Pound may be exposed to further […]
