European markets underwent another negative session yesterday, clobbered by concerns over weaker than expected economic activity, which in turn is raising concern for earnings growth heading into the second half of the year. Throw in a US credit rating downgrade from Fitch and the catalyst for further profit taking after recent record highs for the […]
Economic News
Economic News
Economic News
01
Aug
Aug
Euro remains depressed in the sub-1.1000 zone ahead of US docket
During the first half of the week, the Euro (EUR) continued to face selling pressure against the US Dollar (USD), causing EUR/USD to once again decline below the 1.1000 level on turnaround Tuesday. Meanwhile, the Greenback remained strong and supported the USD Index (DXY) in its attempt to break the significant resistance level around 102.00. This strength in the […]
01
Aug
Aug
USD/JPY stands tall near multi-week high, trades below 143.00 ahead of US macro data
The USD/JPY pair builds on last week’s solid bounce from the 138.00 neighbourhood and climbs to over a three-week high on Tuesday, summing to a rally of around 475 pips over the past three trading days. Spot prices stick to the modest intraday gains through the early European session and currently trade around the 142.70 […]
01
Aug
Aug
Pound Sterling demonstrates caution ahead of key central bank policy
The Pound Sterling (GBP) looks vulnerable as investors remain cautious ahead of the interest rate decision by the Bank of England (BoE), which will be announced on Thursday. The GBP/USD pair fails to discover strength as a widely anticipated interest-rate hike by the BoE will deepen recession fears. UK Treasury Advisers already warned that an aggressive rate-tightening […]
01
Aug
Aug
Euro resumes downtrend, breaches 1.1000 ahead of key data
During the first half of the week, the Euro (EUR) continued to face selling pressure against the US Dollar (USD), causing EUR/USD to once again decline below the 1.1000 level on turnaround Tuesday. Meanwhile, the Greenback remained strong and supported the USD Index (DXY) in its attempt to break the significant resistance level around 102.00. This strength in the […]
01
Jun
Jun
EUR/USD steadies near 1.0700 as Eurozone inflation, ECB’s Lagarde and US employment data loom
EUR/USD portrays the pre-data anxiety around 1.0690 amid very early Thursday morning in Europe. In doing so, the Euro pair fails to cheer the market’s risk-on mood, as well as receding hawkish bets on the Federal Reserve (Fed) ahead of the top-tier data/events scheduled for publishing in the US and Europe. On Wednesday, Germany’s Inflation, per […]
19
May
May
Todays Calendar: Powell’s Speech And Canadian Retail Sales
Futures markets point to a higher opening of the European cash session. DAX futures (DE30) painted a fresh all-time high above 16,300 pts earlier today but has pulled back a bit since. Moods on the markets are upbeat as traders are being constantly reminded that debt ceiling negotiations are progressing with House Speaker McCarthy saying […]
17
May
May
Market Re-Cap
NIKKEI 225 index is one of the best performing indices. Price is near the all time high level at 30,500 points.
16
May
May
Todays Economic Calendar
Futures markets at the start of the session in Europe point to a lower opening of the stock exchanges. The weaker sentiment may be attributed to the declines in the Asia-Pacific region following the release of macroeconomic data. Today’s calendar is relatively busy with various events. Investors will receive US retail sales data, which is […]
16
May
May
The Morning Market Update
The composite index for China’s economy reflects a decline in daily data, indicating consecutive decreases in the recent weeks. This index combines data on metro traffic, port congestion, box office revenue and various other daily indicators of China’s economy.