European indices set for higher opening Fed rate decision at 7:00 pm BST ECB calls emergency meeting Stock markets in Europe are set for a higher opening of the cash trading session today. Moods improved following the release of better-than-expected activity data from China overnight. EUR is trading higher as ECB called an emergency governing […]
Economic News
Economic News
Economic News
15
Jun
Jun
Good Morning Traders
US indices finished yesterday’s trading mostly lower. S&P 500 dropped 0.38%, Dow Jones moved 0.50% lower and Russell 2000 declined 0.39%. Nasdaq was outperformer as it gained 0.18%. Moods improved slightly during the Asian session following release of better-than-expected data from China. Nikkei, S&P/ASX 200 and Kospi traded lower but indices from China rallied. DAX […]
10
Jun
Jun
Talking USD/CAD
US CPI report for May is a key macro release of the day. While median consensus among economists is for the headline price growth to stay unchanged at 8.3% YoY, there were reports saying that White House is actually expectating a higher reading as high oil prices start to be reflected more at the pump. […]
10
Jun
Jun
Calendar For Today US CPI Inflation
European markets set for a lower opening US CPI inflation expected to stay unchanged in May Canadian jobs report for May at 1:30 pm BST Futures markets point to a lower opening of the European cash session today. Pandemic situation in China is yet again denting moods on the markets. Wall Street as well as […]
10
Jun
Jun
Good Morning Traders
US indices finished yesterday’s trading with a big drop. S&P 500 dropped 2.38%, Dow Jones moved 1.94% lower while Nasdaq slumped 2.75%. Russell 2000 dropped 2.12%. Indices from Asia-Pacific follow the US lead and also trade lower. Nikkei drops 1.3%, S&P/ASX 200 trades 1.0% lower and Kospi declined 1.1%. Equities in China traded higher. DAX […]
09
Jun
Jun
ECB Review
High inflation, projections have been raised Energy prices, lower supply problems will lead to lower inflation High inflation is a major concern for all Projection for this year raised to 6.8% from 5.1%, for next year raised to 3.5% from 2.1% QE is coming to an end, reinvestments will continue for a longer period, ECB […]
09
Jun
Jun
Talking EUR/NZD
The ECB rate decision and Lagarde’s press conference are key events of the day. Rate announcement will come at 12:45 pm BST while the press conference will begin 45 minutes later, at 1:30 pm BST. While a change in the level of interest rates is unlikely, a strong and clear guidance may be offered. The […]
09
Jun
Jun
All Eyes on The ECB
European markets set to open lower ECB decision in the spotlight Earnings from FuelCell Energy and NIO Futures markets point to a lower opening of the European cash session, following a downbeat trading on Wall Street yesterday and in Asia today. Oil is pulling back slightly after reaching 3-month highs yesterday. Safe haven currencies, like […]
09
Jun
Jun
Morning Brief
US stock market indices finished yesterday’s trading lower. S&P 500 dropped 1.08%, Dow Jones moved 0.81% lower and Nasdaq declined 0.73%. Russell 2000 dropped 1.49%. Stocks in Asia also traded lower today, although with few exceptions. S&P/ASX 200 dropped 1.20%, Kospi slipped 0.5% and indices from China traded up to 1.6% lower. Nikkei was outperformer, […]
08
Jun
Jun
What to expect from the European Central Bank?
What to expect from the European Central Bank? The European Central Bank is set to announce a monetary policy decision tomorrow at 12:45 pm BST. Market does not expect rates to increase this week but calls for a rate hike continue to mount, with many pointing to July as a start for rate lift-off. Nevertheless, […]