Currencies at a glance The Japanese Yen is strongest against the dollar on the risk tones from the Asian session and the Huawei news earlier, see here. This extradition can be viewed as part of the Us-China trade tensions. It has been viewed as a risk event and hence we are seeing JPY strength against
UK FTSE down -0.1% as PM May and parliament continue to muddle through Brexit The major European indices are ending the session with declines. As a reminder, US markets are closed today. The provisional closes are showing: German DAX, -0.7% France’s CAC, -0.3% UK’s FTSE, -0.1% Spain’s Ibex, -0.6% Italy’s FTSE MIB, -0.35% Portugal’s PSI
Slower Chinese GDP growth in the fourth quarter and a resurgent US dollar have taken a bit of the shine off some commodities. NOTE: The US government shutdown is still preventing the publication of the weekly Commitment of Traders report by CFTC. The latest published data is only at December 18. Precious metals GOLD appears
Share to facebook Share to twitter Share to linkedin Photo credit: © 2018 Bloomberg Finance LP© 2018 Bloomberg Finance LP The last posting on December 23rd suggested that gold would top in January. First, we look at the monthly histogram of gold from 1969. The histogram bars represent the expected return in each month. Note
Daily Markets Broadcast 2019-01-22 US indices snap winning streak US equity markets were closed yesterday, but index futures retreated following the release of China’s Q4 GDP data. PM May’s Plan B appears to focus on delaying Brexit to get better concessions from the EU. US30USD Daily Chart Source: OANDA fxTrade The US30 index declined for
The yields on the long duration Japanese government bonds (JGB) are feeling the pull of gravity. Notably, the 40-year JGB yield fell below 0.780 percent a few minutes before press time; the lowest level since December 2016. The decline could be associated with the 0.5 percent drop in the S&P 500 futures and the resulting
This in the Australian Financial Review this morning (Australia time) The paper citing a survey of more than 1300 global CEOs released by PwC on Tuesday After a year of rising trade tensions and slower Chinese growth, only 17 per cent of Chinese CEOs now said the US was one of the most important markets
Sometimes, no movement is good movement. In the case of the government shutdown, money manager Larry Glazer believes it’s favorable for Wall Street — at least in the short term. His reasoning: It prevents lawmakers from passing policies that could be detrimental to corporate America. “Investors like less Washington, and they realize Washington isn’t always
This data point, the BNZ – BusinessNZ Performance of Services Index (PSI), tends not to have too much impact upon release. Comes in at 53.0 for December from 53.4 (revised from 53.5) in November. December was the lowest level of expansion since June 2018 overall average rate for 2018 was 54.9, lower than 2016/2017, but still
FX – Dollar not slowing down despite holiday and ongoing partial shutdown OIL – Energy Hit by China Slowdown But Trade Optimism Boosts Prices GOLD – Yellow metal falls on thin North American volumes FX – Dollar not slowing down despite holiday and ongoing partial shutdown The US dollar is mixed against major pairs on
NEWS | 7 minutes ago By FXStreet Team Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own
Above 100 and 200 hour MAs The USDCAD moved higher today but once the highs from Jan 8 and Jan 17 were approached, the buyers dried up. Risk could be defined and limited against the levels and sellers leaned. The price moved up to 1.33178 before stalling. The ceiling is now more solid at the
Talking Points: PM Theresa May lists Parliament’s three key issues over Brexit that need to change Critics of the Prime Minister argue that nothing is different from the deal that faced a historic defeat last week Pound gains as PM May remains adamantly against second referendum and hard Brexit British Prime Minister Theresa May just
Pub operator Marston’s will update the market momentarily.Getty Today I am looking at three dividend stocks that could detonate in the coming days. WH Smith I believe that ambitious dividend grower WH Smith’s Christmas trading statement on Wednesday, January 23rd could help its share price to add to its post-Christmas strength. The newsagent’s exceptional revenues
Not much to go on today with MLK holiday Not a lot of activity in markets on MLK Day Monday. Currencies stayed close to weekly opening levels as a consequence. On the risk sentiment side, it seems the market was comfortable taking a little break to consider last week’s jump in US equities, and we
Global growth for 2019 trimmed by 0.2% to 3.5% from October’s projections. China’s growth slowdown could be ‘faster than expected if trade tensions continue’. See all the DailyFX Q1 2019 Forecasts including the Euro, US dollar, Sterling and Oil. Euro, US Dollar and IMF Growth Forecasts The Euro took a small leg lower after the
The move up in the cross met resistance near 141.30. All eyes remain on the Sterling and PM Theresa May. BoJ meeting expected later in the week. The daily upside in GBP/JPY appears to have found some important resistance in the 141.30 region, where sits the key 55-hour SMA. GBP/JPY focused on May’s ‘Plan B’
LONDON/NEW YORK (Reuters) – Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry. FILE PHOTO: People walk through the financial district during rainy weather in London, Britain, September 23, 2018. REUTERS/Henry Nicholls/File Photo BlackRock (BLK.N), the world’s largest money manager, and industry No. 3 State Street (STT.N)
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