Stocks Edge Lower as Quarter Draws to a Close
Stock markets are a little lower on Thursday, bringing an end to a disappointing quarter and going into a new one fraught with risk. There’s an enormous amount of uncertainty in the markets at the moment and that’s clearly taken...
King Dollar Reclaims Throne, Stocks Stabilize
Dollar powers higher as traders play defense, sterling in pain Stocks stabilize amid some bargain hunting but remain fragile Gold trades heavy, government shutdown vote in Congress today Dollar takes no prisoners The US dollar sliced through several crucial resistance...
Japan Poised to Swear in a New PM as GBP/JPY Approaches Key Support
FX traders seem cautiously optimistic on Kishida’s potential impact on the yen… Overnight, Japan’s Liberal Democratic Party (LDP) voted former foreign minister Fumio Kishida as its new leader, and Kishida is now expected to be sworn in as Prime Minister...
Wobbly Pound Falls to 14-Week Low
The British pound has extended its losses in the Wednesday session. GBP/USD is currently trading at 1.36485, down 0.36% on the day. Pound slides on petrol shortage The pound plunged 1.15% on Tuesday, its worst daily performance in over a...
Dollar Turns to US Data Releases as Yields Spike
With yields going berserk, the upcoming batch of US economic data on Friday could be crucial for the dollar’s fortunes. Personal income and consumption numbers along with the Fed’s favorite inflation metric will hit the markets at 12:30 GMT, before...
US Open: Stocks Drop as Treasury Yields Rise, Powell in Focus
US futures trade sharply lower as treasury yields rise to a 3 month high. The tech heavy Nasdaq is set to under perform. Concerns over China are adding into the hit on stocks. Energy stocks are a rare bright spot...
Oil Continues Rise, Gold Finds Support
Oil rally continues Oil prices are continuing to surge, with Brent crude now closing in on $80 and WTI perhaps not too far behind it. The global energy crisis could see demand for crude rise if the northern hemisphere experiences...
Eurozone Economic Sentiment on the Radar; Euro Flirting with $1.17
On Wednesday at 12:00 GMT, the Eurozone’s economic sentiment for September will be released. Over the last few months, the outlook for the euro area’s economy has steadily increased; however, as the European Central Bank (ECB) is unlikely to raise interest rates soon,...
Oil Extends Rally, Gold Vulnerable
Oil rallies in Asia Oil prices finished last week on a firm note as ever-increasing natural gas prices continue to lift oil prices and coal prices as energy substitutes. With OPEC+ struggling to meet its present production targets and US...
Weekly Economic & Financial Commentary: Tapering “May Soon Be Warranted”
Summary United States: Housing Data and FOMC Outcome Show Economic Recovery Still Intact The FOMC left monetary policy essentially untouched, but hinted at a forthcoming taper of bond purchases. Housing data for the month of August came in mixed, but...