US indices finished yesterday’s trading higher after the release of the FOMC’s May meeting minutes showed no signs that FED could turn more hawkish to curb rising inflation. S&P 500 rose 0.95%, Nasdaq jumped 1.51% while Dow Jones gained 0.60%. Indices from Asia-Pacific are traded mixed today. Nikkei dropped 0.15%, S&P/ASX 200 and Kospi fell […]
Economic News
Economic News
Economic News
20
May
May
Talking GBP/CHF
Release of the UK retail sales report for April this morning turned out to be a positive surprise. While retail sales were 4.9% YoY lower in April, the market expected a drop of 7.1% YoY. On a month-over-month basis retail sales showed an unexpected increase of 1.4% (exp. -0.2% MoM). This was the first positive […]
20
May
May
The Day Ahead
European indices set for higher opening UK retail sales with unexpected monthly increase in April Industrial production and jobs data from Poland Futures markets point to a higher opening of the European cash session. Downward move on Wall Street slowed yesterday while Asian indices gained during a session today, setting stage for a higher opening […]
20
May
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 […]
18
May
May
Talking EUR/GBP
A pack of inflation data from the United Kingdom was released this morning at 7:00 am BST. Headline CPI inflation accelerated from 7.0% to 9.0% YoY in April. Monthly increase in prices amounted to 2.5% MoM. While both YoY and MoM readings look very high, it should be noted that in both cases data missed […]
18
May
May
The Day Ahead
European markets set to open flat. Canadian inflation expected to stay unchanged in April. Earnings from Cisco Systems, Lowe’s and Target. Futures markets point to a flat opening of the European cash session today. Asian markets failed to catch a bid following a solid Wall Street session, leading to a mixed session in Asia-Pacific. Similar […]
17
May
May
US Retail Sales Inline With Expectations
US retail sales data for April was released at 1:30 pm BST. Report came in line with expectations and did not trigger any major moves on the markets. Highlights of the report: • Headline: 0.9% MoM vs 0.9% MoM expected (0.7% MoM previous) • Ex-autos: 0.6% MoM vs 0.4% MoM expected (1.4% MoM previous) EURUSD saw relatively […]
17
May
May
The Day Ahead
European indices set to open higher US retail sales data on the agenda Lagarde and Powell to deliver speeches European futures markets point to a higher opening of the cash trading session on the Old Continent. While the Wall Street session yesterday was mixed, moods improved during today’s Asian session, allowing indices from the region […]
16
May
May
The Day Ahead
European stock markets set for lower opening Canadian housing data, NY empire index Earnings from Take-Two Interactive and Tencent Music Futures markets point to a lower opening of the European cash session. Much weaker than expected monthly data from China can be named as a reason behind a slgihtly weaker performance of risky assets at […]
16
May
May
Good Morning Traders
Indices from Asia-Pacific launched a new week in mixed moods. Nikkei gained 0.5%, S&P/ASX 200 moved 0.3% higher, Kospi finished flat and indices from China traded slightly lower. European and US index futures are trading slightly below Friday’s cash closing prices. Authorities in Shanghai announced that some restrictions will start to be lifted and business […]