June 14, 2017
In European Equity Markets stocks pulled back on Wednesday, as energy stocks fell on tumbling crude prices and banks were hit after weak U.S. data raised questions over future rate hikes in the world’s biggest economy. The STOXX 600 index fell 0.3 percent with the banks taking off most points from the pan-European index with a fall of… View Article
June 14, 2017
USD/CAD Update – 14/06/2017 (11:55am): Poloz’s comments yesterday struck a similar tone to those of Wilkins the night before and are enough to keep USDCAD under pressure. Technically we are testing trend line support from the 2016 lows at 1.3215 although most look for a close below there to confirm the downtrend. Ultimately I think… View Article
June 14, 2017
In Asian Equity Markets Japan’s Nikkei index rose on Wednesday morning tracking overnight gains on Wall Street, but activity was subdued ahead of the Federal Reserve’s monetary policy decision. The Nikkei rose 0.3 percent to 19,953.33 in midmorning trade. The broader Topix was flat at 1,593.68 and the JPX-Nikkei Index 400 was also flat at 14,186.41. Economic… View Article
June 14, 2017
Morning all.. Wall St closed up 0.45% with the NASDAQ climbing 0.75% as bargain hunters returned and U.S. Attorney General Jeff Sessions testifying to lawmakers that he never spoke with Russian officials concerning “any type of interference” with the 2016 presidential campaign. Meanwhile in Asia the markets were extremely quiet with the Nikkei closing unchanged… View Article
June 13, 2017
In European Equity Markets a recovery in tech stocks and fresh optimism over troubled Italians banks lifted stocks from seven-week lows on Tuesday. The pan-European STOXX 600 index ended up 0.6 percent, almost fully recovering losses from the previous session. Italy’s benchmark rose 0.9 percent. Dialog Semiconductor, Infineon and ASM International were among the tech stocks gaining the most,… View Article
June 13, 2017
GBP/USD Update – 13/06/2017 (11:34am): GBP has traded back towards critical support areas. Yesterday, the market traded political uncertainties with the view that a softening of the British negotiation stance would have no impact of EMU’s negotiation position, a view we disagree with. There is a meeting scheduled between PM May and DUP leader Arlene… View Article
June 13, 2017
In Asian Equity Markets Japan’s Nikkei index trimmed earlier modest losses and steadied on Tuesday, as the shock from a slide in U.S. technology shares began to ease. The Nikkei was a fraction lower, down 0.05 percent at 19,899.14. The broader Topix was up 0.2 percent at 1,595.10 and the JPX-Nikkei Index 400 added 0.2 percent to… View Article
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