USD/CHF retreated from the 0.9300 mark in early Asian trading hours on Friday. The broad-based US Dollar weakness has led the pair to erase some of the previous day’s gains and head toward Thursday’s low at 0.9230. Improved risk appetite has pushed the US Dollar lower amid slightly softer US Treasury yields. The Swiss Franc […]
Central Banks
Central Banks
Central Banks
17
Mar
Mar
XAU/USD climbs back closer to six-week high amid banking crisis fears
Gold price regains some positive traction following the previous day’s good two-way price moves and maintains its bid tone through the early European session on Friday. The XAU/USD is currently placed just above the $1,930 level, up over 0.60% for the day, and remains well within the striking distance of a six-week high touched on […]
17
Mar
Mar
Euro will only appreciate again slowly – Commerzbank
The Euro did not appreciate following the ECB decision. However, economists at Commerzbank expect to see higher EUR/USD levels. Why did we not see EUR strength following the ECB decision? “The market is clearly more concerned about the ECB not being sufficiently sensitised to the risks rapid rate hikes might involve following years of zero and negative […]
07
Jun
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 […]
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 […]
17
May
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. […]
05
May
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 […]
05
May
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 […]
04
May
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 […]
04
May
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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