EUR/GBP News

The euro rallied higher against its main counterparts today after the European Central Bank Governor’s speech on the bank’s rate decision. Mario Draghi‘s speech was a commentary on the ECB’s future outlook after it announced that it would maintain its current interest rates and its quantitative easing program. The EUR/USD currency pair rallied by over 90 points during and after Mario Draghi’s speech as he took on a slightly hawkish tone. The EUR/USD currency … Continue reading Euro Rallies after Mario Draghi Speech and ECB Rate Decision

The British pound today declined against the US dollar and the euro despite the release of positive UK retail sales data. The British pound rallied higher for a minute or so after the release before retracing all its gains and trending lower. The GBP/USD currency pair lost over 90 points at the height of its decline today as investors remain bearish towards the pound. UK retail sales released today by the Office for National Statistics rebounded by a greater margin … Continue reading British Pound Declines Against Peers Despite Positive Retail Sales Data

European stock markets move sideways ahead of central bank decisions in Europe and Japan. The DAX has been swinging between gains and losses during the early AM European session, while the FTSE 100 was up slightly. The Stoxx Europe 600 also moved higher with Electrolux AB and ASML Holding NV advancing after earnings reports. Eurozone … Continue reading Stocks Consolidate Ahead of ECB as QE Tightening is Expected in the Autumn

Yellen’s dovish tones on Wednesday added to the recent surprise central bank speeches in recent weeks, Yellen raising concerns over softening inflation and the need for the FED to maintain its cautious position on monetary policy, the testimony coming ahead of tomorrow’s June inflation figures. It was a perfect speech for equity markets, with the … Continue reading Yellen says Goodbye to the Dollar as the EUR and Sterling Bounce Back

It’s another quiet start to the week, with material macroeconomic data this morning being limited to German’s May trade figures, which will leave the markets with little else to consider other than Friday’s data out of the U.S and what’s scheduled for release for the week ahead, though it’s not just going to be down … Continue reading It’s a Mill Pond of a Day leaving the Dollar on the Front Foot

Fed & Risk Sentiment Coming The FOMC Meeting Minutes will come out later today. Market participants returning from their holiday will look for cues regarding the Fed’s monetary policy. Market are expected to see an increase in trading volume and traders should expect some late fireworks as the main indexes gets tested early. US Jobless … Continue reading Risk and Sentiment as Main Theme

Prime Minister Abe Now in Rough Waters Earlier this morning the Manufacturing numbers came out from Japan and China and both handily beat expectations. The Nikkei and Topix Indexes opened with modest gains, while the Shanghai Shenzhen composite trickled down slightly. In Tokyo Japan’s Prime Minister Abe’s government was on the losing side of an … Continue reading Gold Slips on Heavy Volume, Asia Stocks Edge Higher

Markets focus has shifted today to the three economic captains: Mario Draghi, Mark Carney and Janet Yellen. Draghi was the first to speak at the annual ECB forum in Portugal, and called a hawkish speech by saying that the Euro zone area is ‘strengthening and broadening’. Draghi confirmed that growth has spread over the Euro area … Continue reading It’s all About Interest Rates. Draghi Hawkish, Carney Warns Consumers and Yellen…

Global equities put in gains on Monday and continue to display some risk taking. Three major speeches will come from central bank leaders today including Mario Draghi, Mark Carney and Janet Yellen. Wall Street turned in a mixed session on Monday. And a flash crash in Gold has the attention of commodity traders. Lackluster Durable … Continue reading Draghi, Carney and Yellen Speaking Today at European Events

The outlook for monetary policies of central banks around the world were one of the main driving factors for the Forex market during the previous week. But while the outlook for Bank of England monetary policy became more hawkish, it was not enough to support the Great Britain pound. Several BoE members made hawkish remarks over the week, leading to speculations that the central bank is going to raise interest rates in the foreseeable future. … Continue reading Hawkish Monetary Policy Outlook Doesn’t Help Sterling

Crude Oil’s slump may be causing tentative sentiment on the global equity markets. However, the NASDAQ was able to gain on Wednesday as investors may have been buying a market they felt was oversold last week. Weekly Unemployment Claims will come from the States today. Investors Pursue NASDAQ Wall Street saw the Dow Jones Industrials … Continue reading Crude Oil Slump Maybe Making Global Investors Tentative

Wall Street was not able to sustain its heavy buying on Tuesday as the three major Indexes declined moderately. Today Existing Home Sales numbers will come from the States. The Pound has also attracted attention as it has lost value. And Crude Oil’s supply concerns continue to fuel a decline. Wall Street Touches Brakes – Fed … Continue reading Equities Turn Cautious After Speculative Fever Lessens

Wall Street reminded global investors that last week’s cautious results did not mean it had run out of momentum. The three major Indexes in the U.S powered higher on Monday and the Dow Jones Industrials will open trading above the important mark of 21,500 today. Current Account data will be released in the U.S later. … Continue reading Wall Street Reminds Global Investors it is Still Strong

Wall Street broke out of its cautious mode on Monday and saw widespread gains on the three major equity Indexes. The Dow Jones will start the day above the 21,500 level. Current Account data will come from Europe and the U.S today. NASDAQ Sparks Run Higher – Investors Prove Positive Wall Street soared to new heights … Continue reading Global Equities Fly Higher as Investors Turn Positive

Despite last week’s cautious results from Wall Street, particularly the NASDAQ, the major Indexes in the States remain near record highs and will be watched intently as they begin trading this week. Asian markets did well today and European equities have opened with gains. Forex has seen the U.S Dollar range trading against the major … Continue reading Despite Caution Wall Street Remains Near Record Highs

The Federal Reserve’s economic outlook will create market volatility depending on what its signals is down the road regarding more interest rate hikes. The Fed is expected to raise its Federal Fund Rate today. Market conditions will become fast and traders will need risk management in place to participate in forex and CFD’s to guard … Continue reading Federal Reserve’s Outlook Will Create an Energetic Market

It’s been quite the roller-coaster ride for British Prime Minister Theresa May, and it hasn’t got any easier since she called an early general election. With polling day set for June 8, all eyes are on undecided polls. They initially predicted a Conservative win with a 100-seat majority for the Prime Minister early in April, … Continue reading Traders’ Hit Snooze on Sterling as Conservatives and Labour Go Head-to-Head

The Great Britain pound reacted positively to UK employment data released today, which showed accelerating wage inflation and a surprise drop of the unemployment rate. It allowed the currency to halt the four-day losing streak versus the euro and the Swiss franc. According to the report from the Office for National Statistics, average weekly earnings rose 2.4% in the three-month period through March from a year ago after rising 2.3% in the previous reporting period. The unemployment … Continue reading Sterling Reacts Positively to Employment Data

The calendar of macroeconomic reports for Great Britain is almost empty this week with one major exception – Thursday. Almost all economic indicators scheduled for this week will be released on that day, thus the nickname “Super Thursday.” Of course, it should be very important for the performance of the Great Britain pound. The Bank of England will announce its monetary policy decision on the Super Thursday. While no changes … Continue reading British Pound Awaits for Super Thursday

The Euro closed higher last week against the major currencies ahead of one of the biggest political events of the year and the question is what now for the European currency? Never has there been such controversy surrounding a French presidential election and with an array of candidates with such different policies, there may be some … Continue reading Make or Break for the Euro