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...
EUROPEAN STOCKS
Equities opened lower in Europe on Tuesday, extending losses registered overnight in Asia, as fear and uncertainty grow in investors’ minds. Bearish sentiment is prevailing on stocks with Treasury yields taking off as risk appetite continues to plummet amid the lack of a US debt ceiling deal, despite another full day of discussions...
FX
The US dollar is rising against the other major currencies as the European session gets underway. The greenback is experiencing greater demand as a drop in global risk appetite increases flows into perceived safe-havens. A lack of agreement between Democrats and Republicans on raising the debt ceiling is increasing anxiety levels amongst investors, who are...
EUROPEAN SHARES
European shares continued to climb, alongside US futures, as risk appetite grew at the start of the final trading session of the week. Investors continue to respond positively to the optimistic discussions surrounding the debt-ceiling issue in Washington, which have bolstered market sentiment towards equities, despite lingering uncertainties...
FOREX
The US dollar is on the front foot during early Wednesday trading, gaining ground on other major currencies. The greenback is finding support as lawmakers in Washington seem unable to reach an agreement over the lifting of the debt ceiling. The standoff between Democrats and Republicans is likely to continue and, if unresolved, could have serious...
FOREX
It is Bank of England day, and the pound is losing ground to the euro and the dollar, ahead of the latest rate decision announcement. Throughout this hiking cycle, the BoE has tightened monetary policies using a dovish tone, citing recessionary risks and global head winds. This pattern has consistently led to a decline in sterling following the...
FOREX
The US dollar was trading flat as the European trading session got underway. Investors are sitting tight for the moment, awaiting the release of US inflation data later in the day. Last week, the Federal Reserve hiked rates for the tenth consecutive time, a move that was seen by many as the last chapter of the current tightening cycle. Against this...
EUROPEAN SHARES
European equities climbed on Thursday, paring some of yesterday’s losses, as market sentiment strengthens following the Federal Reserve’s rates decision and prior to the ECB announcement.
Jerome Powell provided investors with what they were waiting for, lifting borrowing rates by 25 basis point higher to the 5.00%-5.25% target range, the highest...
FOREX
The US dollar is on the back foot as the European session gets underway. The greenback retreated in relation to other major currencies, following the Federal Reserve’s decision on Wednesday, to hike interest rates by 25 basis points. The increase in borrowing costs had long been priced into the value of the dollar, however some doubts persisted over what...
GOLD
Gold prices are trading almost flat as the European session gets underway. The price of the precious metal is caught between two opposing forces. On one hand, there is support arising from growing anxiety over the US regional banking crisis, which caused a drop in risk appetite and fuelled demand for haven assets. On the other hand, this upside has been...
