There’s been very little in terms of proper direction to work with in the pair as trading this week has been centered around the focus on Fed chair Powell’s speech at Jackson Hole. There...
Read More
1 Minute
1 Minute
GBP/USD knocking on the door of the next leg lower
The outlook for cable pretty much mirrors a lot of what we see in EUR/USD and with the dollar running hot again in the past week, it is hard to fight the momentum when...
Read More
1 Minute
Key events and releases for the week starting August 22
What key events and releases will be driving the markets next week? Tuesday , August 23 various flash PMI estimates for Europe and UK US/services and manufacturing PMI indices, 9:45 AM ET. Manufacturing PMI...
Read More
1 Minute
Technology stocks are the main beneficiaries of market rate cuts
Tech companies are typically categorized as growth companies, so their stocks are the most sensitive to changes in market rates or related expectations. That is why they first led the decline in the US stock...
Read More
2 Minutes
AUD/USD down 1% on the day now after RBA rate decision
AUD/USD is down 1% on the day now to a low of 0.6950 and is threatening a further fall after the RBA rate decision earlier. The central bank delivered a 50 bps rate hike...
Read More
1 Minute
FED WILL HAVE TO HIKE 50 BPS AT EACH MEETING IN THE REMAINDER OF THIS YEAR – RABOBANK
“The FOMC is now fully data dependent and doesn’t want to pre-commit, opening the door wide for further volatility in the front end of the curve,” analysts at Rabobank explain. ADDITIONAL QUOTES: “There are...
Read More
1 Minute
All your Fed previews in one place
In case you missed it earlier, Adam put up a great preview here earlier in the day. We’ve been stuck in a bit of a pre-Fed lull in Europe and that isn’t anything too surprising. All...
Read More
2 Minutes
The bond market is the place to watch in trading this week
After the ECB last week, there was a strong bid in bonds although that has eased today with yields sitting higher. Some slight hawkish remarks by the ECB today here is helping slightly but overall, it...
Read More
0 Minutes
Eurostoxx futures +0.8% in early European trading
German DAX futures +0.7% UK FTSE futures +0.4% Spanish IBEX futures +0.5% European indices missed out on the late recovery in Wall Street yesterday, which benefited from Fed speakers siding with a 75 bps...
Read More
0 Minutes
Eurostoxx futures -0.1% in early European trading
German DAX futures -0.1% UK FTSE futures -0.1% After yesterday’s decline, equities are keeping more tepid and sluggish so far today as well. The market is focused on the increasing likelihood of a 100 bps...
Read More