European benchmarks opened lower following the bearish trend sparked at the end of the US trading session yesterday but quickly bounced back as bull traders defended support levels.
Fed Chairman Jerome Powell’s warning that borrowing rates may not be at “restrictive enough” levels surprised investors yesterday, stalling the rally in equities and treasuries while...
Stocks traded higher in Europe on Thursday, extending yesterday's gains as investors' appetite for risk resurges.
The bearish correction that started this week ended on Wednesday, and bull traders are continuing to pile up their exposure in both treasuries and equities as optimism about a peak in monetary tightening remains alive.
Without any significant clues...
Brent oil prices bounced back from the multi-month low touched on Wednesday, hedging just over the $80 per barrel level in early morning trading. Crude prices suffered this week, dropping more than 5% on future demand concerns, as well as lowered perceived supply risks from the Israel and Gaza situation. Inflation data from China, the world’s top oil importer,...
The US dollar hedged up in early Wednesday trading and continues to recover the ground lost to other major currencies at the end of last week. After last week’s dovish Fed stance and a disappointing jobs report, which saw the dollar touching a multi-week low, Federal Reserve officials have been working hard to reset expectations, talking tough and re-opening the...
The US dollar hedged down in relation to other major currencies during early Monday trading, but not significantly. With reduced liquidity in the markets due to the US Labor Day holiday, investors from the rest of the world are still processing the meaning of the latest employment figures from the US, which were published on Friday. The number of new jobs created...
The US dollar lost ground to other major currencies during early Friday trading, ahead of the release of the August Non-Farm Payrolls later in the day. Today’s softness comes on the back of Thursday’s gains, which followed the release of stronger-than-expected personal spending numbers. These ups and downs of the currency illustrate well the uncertainty amongst...
Gold prices are hovering close to the multi-week maximums reached on Wednesday as the financial markets continue to ponder the impact of the latest economic data released in the US. Disappointing employment and GDP numbers mean a lower likelihood of further rate hikes by the Federal Reserve, resulting in softer treasury yields and losses for the dollar in relation...
The US dollar started the day with some gains in relation to other major currencies, halting yesterday’s sharp losses. On Tuesday, the greenback dropped half a percentage in relation to other major currencies following the release of unexpectedly weak labour data. The US JOLTS report on job openings for July dropped to the lowest level in over two years,...
After touching a multi-month maximum at the end of last week, the US dollar started the week on the back foot and continued to edge down during early Tuesday trading. However, the greenback’s losses have been small, and the dollar is still close to last week’s maximums. Jerome Powell left a clear message when he spoke at the Jackson Hole symposium, saying that...
The US dollar index, which measures the greenback's performance versus a basket of other major currencies, touched a two-month high during early Wednesday trading. The Jackson Hole symposium starts tomorrow, and treasury yields and the dollar are rising, indicating that the prevailing view amongst traders is that US interest rates will remain high for a prolonged...
The US dollar gained ground on its peers during early Thursday trading, cancelling out most of the previous session's losses. The release on Wednesday of unexpectedly bad US services and manufacturing numbers triggered a drop in treasury yields and losses for the greenback. Any bad economic data arising from the US immediately stirs the markets, as investors see...
After touching a two-month high on Friday, the US dollar started the new week on the back foot, losing ground to other major currencies during early Tuesday trading. The greenback's losses can be attributed to the return of risk appetite in the markets, as US stocks rose on the back of optimism driven by expectations over this Wednesday's release of quarterly...
Gold prices are flat on the day, having earlier in the session touched a five-month low. The precious metal has been suffering the pressures caused by a strong US dollar, as inflation remains sticky and the economy demonstrates a resilience that few had predicted. Against this background, US interest rates could remain elevated for a prolonged period. This...
The US dollar is trading flat as Monday’s trading session gets underway. The greenback received a boost on Friday, after US producer prices read higher than predicted. The deviation wasn’t massive, but after the slight CPI increase revealed on Thursday, producer prices kept the trend, also reading above expectations. Against this backdrop, few will completely...
The US dollar is losing ground to the other major currencies during early European trading, ahead of the release later in the day of US CPI numbers. The Dollar Index lost approximately a quarter of a percentage point this morning but remains close to a multi-week high, reflecting the wait-and-see attitude of investors ahead of today’s crucial data release. US...
The US dollar is on the back foot as the European trading session gets underway, cancelling some of Tuesday’s gains. Yesterday’s drop in risk appetite was felt across the board in financial markets and ended up benefiting the safe-haven dollar. However, today the tune has changed and investors seem to be more optimistic, with the positive sentiment reflected in...
The US dollar is trading within a narrow range as Friday’s session gets underway. The focus of everyone is now set on the release of the all-important Non-Farm Payrolls later today. The US employment data is expected to reveal that 200,000 new jobs were created in the country during July, and if these predictions are confirmed, they will likely drive dollar...
Stocks extended losses for a third day in Europe on Thursday amid rising uncertainty ahead of key macro data.
Risk appetite continued to fall after the downgrade of the US credit rating combined with the latest batch of mixed earnings reports sparked economic worries. Investors have seized the opportunity to limit their exposure to stocks while waiting for more...
