The US dollar had its worst session in a year, with the index that measures its performance against a basket of other major currencies dropping more than 1.5% on Tuesday. The sudden greenback weakness was triggered by the release of US inflation data for October, which was softer than expected and resulted in an increase in bets that the Fed’s hiking cycle is now...
Stock benchmarks registered modest gains on Tuesday, extending the sentiment seen in Asia overnight, with investors bracing for today’s crucial US inflation data.
As previously said in our last report, market sentiment towards risky assets has lost a bit of its direction over the past few days after Federal Reserve officials expressed mixed hints about the future...
The US dollar is trading almost flat as the European session gets underway. Investors are in wait-and-see mode ahead of the release of American inflation data for October later today. In terms of the currency markets, this event will be critical in the economic calendar and will likely impact the direction of dollar trading in the coming weeks. Senior Fed...
Equities climbed slightly at the start of a new week in Europe despite a bullish trend losing direction ahead of this week’s CPI data.
Investors and analysts are bracing for crucial inflation prints from the US, EU and the UK this week, with the desperate need to clarify where monetary policies will likely go in these regions, especially after the mixed signals...
The US dollar is trading almost flat in relation to other major currencies during early European trading. The greenback lost gas after last week's rollercoaster, framed by the downside created by a dovish Fed meeting and disappointing labour numbers, followed by some hawkish remarks from senior Federal Reserve officials. Investors are now in waiting mode, with...
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...
