Central Banks
Central Banks

Central Banks

07
Jun

The Morning Brief

US indices finished yesterday’s session slightly higher. S&P 500 gained 0.31%, Dow Jones moved 0.05% higher and Nasdaq added 0.40%. Russell 2000 gained 0.36%. Indices from Asia traded mixed – Nikkei added 0.1%, S&P/ASX 200 dropped 1.4% and Kospi moved 1.7% lower. Indices from China traded mixed. DAX futures point to a lower opening of […]

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20
May

Good Morning Traders

US indices finished yesterday’s session lower but magnitude of a drop was much smaller than the day before. S&P 500 dropped 0.58%, Dow Jones moved 0.75% lower and Nasdaq was down 0.26%. Russell 2000 outperformed and gained 0.08%. Indices from Asia-Pacific traded higher today, recovering much of yesterday’s drop. Nikkei gained 1.3%, S&P/ASX 200 moved […]

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17
May

ECB Set Hawkish Tone

Hawkish comments from ECB members support euro EURUSD continues to recover from recent drops. The main currency pair broke above the 1.05 mark today. Euro is trading almost 1% higher against the US dollar. Such a good showing of EURUSD is partially driven by weak USD, that is the second worst performing G10 currency today. […]

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05
May

Today’s Economic Calendar

European markets set for higher opening Bank of England expected to deliver 25 bp rate hike Earnings from Nikola and Virgin Galactic Futures markets point to a much higher opening of today’s European session. FOMC meeting yesterday, more precisely Powell’s comments during the presser, sparked a rally in US indices and upbeat moods extended into […]

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05
May

Good Morning Traders

FOMC delivered a 50 basis point rate hike and announced the beginning of quantitative tightening in June at a pace of $47.5 billion per month. Pace will increased to $95 billion after 3 month. US indices recovered from a drop and rallied yesterday after Powell ruled out 75 basis point rate hikes for now. S&P […]

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04
May

USD Still Bullish In Spite of ISM Miss

While today is all about the FOMC decision in the evening (7:00 pm BST), it does not mean that the US economic calendar for the earlier part of the day is empty. Investors were already offered a disappointing ADP employment report for April and now the time has come for a release of services ISM […]

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04
May

ADP Miss Sees Muted EUR/USD

ADP employment report for April was released today at 1:15 pm BST. As a final hint ahead of the NFP release this Friday (1:30 pm BST), the report was closely watched by investors. However, as today is also a FOMC decision day (7:00 pm BST), one should not be surprised by the lack of major […]

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04
May

It’s All About The Fed

Today at 07:00 pm BST the Fed will publish interest rate decision and plans regarding shrinking its $9 trillion asset portfolio The Fed will raise interest rates by 50 basis points Further communication will be crucial when it comes to overbought dollar, oversold gold and US indices The Fed must face not only high inflation, but […]

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04
May

Fed Decision Ahead

European markets set to open lower Fed policy decision in the evening ADP report on employment change in April Futures markets point to a flat opening for major European blue chips indices today. US futures trade flat, highlighting that uncertainty is not related only to European investors. The European session is packed with economic releases […]

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03
May

Lets Talk Australian Dollar

The AUDNZD pair is clearly going up further and is at its highest since July 2018, breaking through the August 2020 peaks. The Australian dollar is gaining strongly against the New Zealand dollar after the RBA’s decision to raise interest rates more than expected. The market had priced in only a 15 basis point hike, […]

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