EUR/USD News

The euro was strong during the past trading week due to the statement of the European Central Bank, which market participants considered to be hawkish. The pair finished the previous week at 1.1664. Comments of ECB President Mario Draghi after the policy meeting had something both for the doves as well as for the hawks. Yet markets focused on the hawkish part of his speech, believing that the mention of quantitative easing discussion in fall means that … Continue reading Euro Strong During Week of ECB Meeting

U.S. stock index futures closed lower across the board on Friday on the heels of a sell-off in General Electric (GE). The Dow component reported better-than-expected quarterly results, but sellers drove the stock down more than 2 percent in reaction to a 12 percent year over year drop in sales. The report, released before the … Continue reading Drop in GE Stock, Below Average Volume Drive U.S. Stock Indexes Lower Across the Board

European Stock Markets Under Pressure With not much of news or economic data around, we are seeing some profit taking happening in the markets in a small scale and some consolidation and ranging in some parts of the markets as well. The DAX is down for the day as the tension between Germany and Turkey … Continue reading Market Snapshot – European Stock Markets Slide as Dollar Fades

Following a busy Thursday, with both the BoJ and the ECB delivering on monetary policy decisions, it’s a quiet day ahead, with no material stats scheduled for release out of Europe or the U.S for the markets to consider, Draghi having failed to deliver on hopes of a more hawkish outlook on monetary policy, with … Continue reading Trump Delivers on a Weaker Dollar, But For All the Wrong Reasons

U.S. stock index futures finished mixed on Thursday with the Dow and the S&P 500 closing lower, and the NASDAQ posting another gain. A deal between Sears and Amazon hurt the home improvement sector, dragging the blue chip and benchmark indexes lower while the technology-based index was supported by a rise in Microsoft. In the … Continue reading Stocks Finish Mixed in Reaction to Sear/Amazon Deal

Euro Rockets as Dollar gets Hit The ECB President Draghi tried his best to hold down the Euro but the fact that he was trying too hard was easy for the market to notice. He did sound dovish during the early part of the speech and the market responded by pushing the euro down by … Continue reading Market Snapshot – Euro Rockets as Dollar Gets Battered

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 ECB and Mario Draghi will influence trading the remainder of the day as the central bank’s Press Conference is set to start. Forex will be volatile today. The Philly Fed Manufacturing Index will come from the States. Weekly Jobs Numbers Today from U.S. Wall Street turned in a positive session on Wednesday as corporate … Continue reading All Eyes on ECB, BoJ Keeps Policy Steady but Lowered Inflation Forecast

European Central Bank’s meeting ahead On Thursday, Gold edged down on prices with a steady dollar as the market awaits the important ECB’s meeting to be held later in the day. The market is looking for a clue on the ECB’s next policy and its stimulus program outlook. Gold Statistics Spot gold inched down by … Continue reading Gold prices inched down on Thursday

Major Indexes Settles at All-Time Highs Wall Street generated gains across the three major Indexes on Wednesday and the Dow Jones Industrials is situated above the 21,600 level. Building Permits and Housing Starts data from the States proved significantly stronger yesterday. Weekly Unemployment Claims data will be published, but the most interesting statistics may come … Continue reading ECB Press Conference in Spotlight

It’s a big day for the EUR today, as the ECB prepares to announce its July monetary policy decision, with the Draghi press conference to follow. Speculation and debate has driven the EUR to $1.15 levels, with monetary policy divergence favouring the EUR, as FOMC members and the FED chair take a more cautious stance … Continue reading The ECB and Draghi in Focus, with an Eye on the Pound

Housing sector data will come from the States today. However, tomorrow’s central bank meetings in Japan and Europe are the focus for many investors. The Euro has become consolidated in early trading. Building Permits & Housing Starts Housing sector data will come from the U.S with the Building Permits and Housing Starts data. Wall Street … Continue reading Forex and Equities Certain to See Volatility as Central Banks Loom

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

Macroeconomic data is on the lighter side for the day ahead, leaving the markets to consider the lie of the land ahead of tomorrow’s heavily anticipated ECB monetary policy decision and, more importantly, Draghi press conference, the ECB becoming the centre of attention, with the FED seemingly on a more dovish footing. The EUR rallied … Continue reading The EUR Comes to the Dollar’s Rescue Ahead of Tomorrow’s ECB Decision

US Main Indexes Advance Investors continued to be rather hesitant in the U.S yesterday as the S&P and NASDAQ made incremental gains, while the Dow Jones Industrials lost slight value. The Dow remains above the 21,500 level comfortably. Long-Term Purchases data yesterday regarding U.S investments showed a significant rise in foreign activity yesterday, which signals … Continue reading Central Bank Anticipation Grows

Global equities have been cautious the past day as traders begin to brace for central bank statements from Japan and Europe. The U.S Dollar has remained vulnerable and while equities have been tentative they remain near highs on many global exchanges. Cautious Wall Street Remains Near Highs Wall Street traded in a rather flat manner … Continue reading Cautious Investors Still Have Plenty of Risk on the Table

Wall Street Starts in Mixed Fashion Wall Street turned in a tentative and mixed trading session on Monday as corporate earnings continue to be published. The U.S Dollar continues to garner attention as its slide against many major currencies. The Empire State Manufacturing Index was negative yesterday. A Housing Market Index report will be released … Continue reading U.S Dollar Shows Signs of Weakness, EUR/USD above 1.15

The Dollar slumped early in the Asian session today, with the Dollar Spot Index falling as much as 0.44% to an intraday low 94.713, with Dollar weakness seeing little end in sight through the early part of the week, Monday’s recovery going into reverse through the U.S session. It’s all about the Healthcare Bill once … Continue reading The Dollar Slides, with Carney and the Pound in Focus

The European stock markets continue to trade within a tight range but with a bearish bias. The euro currency is up and that is weighing on the stock markets in the Eurozone. In the morning, we had some strong data from China but that has still failed to enthuse the stock markets in Europe which … Continue reading Market Snapshot – Weak Economic Data from the US Weighing on the Markets

US Dollar Index Sinks The Consumer Price Index numbers did not match expectations on Friday as the core number came in flat. This caused an immediate reaction from U.S investors who now believe the Federal Reserve will have to remain cautious because inflation numbers are not only falling short of expectations, but are potentially de-accelerating. … Continue reading Friday’s Inflation Data Weighs, Solid Data from China