July 5, 2017
In European Equity Markets stocks rose on Wednesday at the end of a volatile session with gains among consumer stocks, led by Adidas on optimism over its upcoming earnings. A renewed slide in oil prices kept a lid on the increase, with the pan-European STOXX 600 index ending up 0.2 percent while the euro zone blue chip index closed flat. The… View Article
July 5, 2017
AUD/USD Update – 05/07/2017 (11:50am): AUD remained heavy throughout yesterday’s session following the RBA remaining consistent in their rhetoric, with a market that is keen to expect further momentum away from easing bias in G10 CB’s. The 1 change of dismissing the language around RBA Growth expectancy to be around 3% was removed, leading the… View Article
July 5, 2017
In Asian Equity Markets Japan’s Nikkei index fell to its lowest level in nearly three weeks on Wednesday amid heightened tensions following North Korea’s ballistic missile launch, while automakers managed to extend gains on encouraging sales. The Nikkei share average was down 0.7 percent at 19,899.69 after falling 19,888.90, its lowest since June 16. The broader Topix… View Article
July 5, 2017
Morning all.. Wall St was closed yesterday and Asia did little on its own with the Nikkei closing up 0.2%. A quiet overnight session for FX following the US holiday with most currencies trading in range. JPY strengthen 0.2% acting as a safe haven to investors whilst stocks in Asia were sensitive to heightened tensions… View Article
July 4, 2017
In European Equity Markets a spate of dealmaking news swept European stocks on Tuesday, with Worldpay rising after bid approaches, helping mitigate a broad based pull back from the previous session’s strong gains. The pan-European STOXX 600 fell 0.3 percent, in line with a decline in euro zone stocks and Britain’s FTSE index. Payments company Worldpay… View Article
July 4, 2017
GBP/USD Update – 04/07/2017 (11:22am) – GBP lower following the release of worse-than expected UK construction PMI report, knocking-off the GBP/USD pair back towards 1.29 handle. A negative UK construction PMI report doesn’t come as a surprise, after yesterday’s dismal manufacturing PMI reading, as the construction PMI has widely shown the similar behaviour as the… View Article
July 4, 2017
In Asian Equity Markets Japan’s Nikkei index rose on Tuesday as upbeat U.S. data lifted the dollar against the yen, but geopolitical concerns soured sentiment after North Korea launched a missile. North Korea launched the ballistic missile from its western region into the sea off its east coast, South Korea’s military said, ahead of a summit… View Article
July 4, 2017
Morning all.. Wall St rallied but not across the board as Nasdaq seriously under-performed, suggesting an on-going rotation out of techs. S&P closed up 0.23% but Nasdaq was down o.5%. This pressed on Asian stocks somewhat and the firing of another missile by N. Korea unnerved Asian markets and the Nikkei ended lower by 0.18%…. View Article
July 3, 2017
In European Equity Markets stocks rose on Monday, starting the second half of the year on a stronger footing with oil stocks and banks leading a broad bounce off lows hit last week on concern over tightening monetary conditions. The pan-European STOXX 600 index rose 1.1 percent after ending at two-month lows on Friday, posting its… View Article
July 3, 2017
WTI Oil Update – 03/07/2017 (11:25am) – WTI Crude oil.. As the near term retracement from the prior week’s low extends, the focus is back on key initial resistance levels for signs of a deeper short term recovery phase. With prices pushing above the key 45.20/85 resistance zone which includes the 38.2% retracement, a short… View Article
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