Economic News

European stock markets are in the red, after a mixed session in Asia. Geopolitical risks saw Nikkei and ASX closing with losses of -0.40% and -0.37%, while Hang Seng and CSI 300 managed to move higher, underpinned by gains in China’s oil firms and AAC Technology Holdings Inc. Oil prices are marginally higher with WTI … Continue reading Stocks Slip as Focus Turns to Jackson Hole

Silver extended its pullback from the 17.1 peak for the second time with further bearish acceleration coming from the fresh strength of dollar on the better-than-expected US data. The renewed risk on mode that reduced demand puts the XAU/USD price under increased pressure. Today’s action broke below important supports at 17.1 of the four-hour chart … Continue reading Morning Market Update – XAU/USD

You’re watching the Economic Calendar for Monday, the 21st of August. Let’s see which news releases stand out. UK Rightmove House Price Index for August is up first at 11:01 the previous evening. Home prices did return to growth in July, following a point 4% drop the previous month. New Zealand Credit Card Spending for July follows … Continue reading Daily Economic Calendar, August 21, 2017

Last week, the financial markets were rocked by a mixture of economic, political and geopolitical events, often triggered two-sided responses, but most of all signaling the return of volatility. While some traders attribute the volatility to the aforementioned events, others blame the wild price swings on the trading conditions due to summer vacation. While it … Continue reading Economic, Political, Geopolitical Events Contribute to Wild Price Swings

Stock Markets Move Lower The effects of the terrorist attack in Spain yesterday night continued to be felt in the markets today as the stock markets in Asia and Europe reacted negatively to the increase in global risk. The attack had happened late in the evening and the Asia and the European markets did not … Continue reading Market Snapshot – Stock Markets in the Red as Global Risk Increases

Global stock markets head south, as markets fret about Trump and new terror attacks in Europe. Asian stock indices mostly closed in the red, as financial and technology stocks came under pressure and with Japan underperforming amid a stronger yen. The decline continued in Europe, with IBEX and CAC 40 leading the way and losing … Continue reading Stocks Trade Lower as Volatility Remains Elevated

EUR/USD recovers after drawing support from 1.1691 and the intraday bias is turned upside again, a short term top is formed at 1.17685 on the four-hour chart. Further correction is expected as long as 1.1691 holds. Below 1.1691 minor support, the bias might turn to the downside for 1.1662. We’d expect strong support at current … Continue reading Morning Market Updates – EUR/USD

The U.S. Dollar was all over the map on Thursday as investors continued to react to Wednesday’s dovish Fed minutes as well as concerns over the Trump administration’s ability to push forward its economic agenda. Geopolitical concerns also influenced trader decisions. The market were rattled by an attack in Barcelona and rumors of the possible … Continue reading U.S. Dollar Rattled by Political Rumors, Geopolitical Risks, Fed Policy

Stock Market Rally Fizzles The rally in the stock markets that we have seen over the last few days seems to be dying a slow death as the Asian markets closed in a mixed manner and the European markets are also in the red but not by much. The move up in the stock markets … Continue reading Market Snapshot – Stock Market Rally Hits a Roadblock

Global stock market recovery runs out of steam. Asian markets closed mixed, with Nikkei and Topix weighed down by a stronger Yen, after dovish leaning FOMC minutes weighed on the dollar. Hang Seng and ASX also closed in the red. In Europe, DAX and FTSE 100 are slightly down on the day, with the latter … Continue reading Global Stock Rally Peters Out

Fed Pushes U.S. Dollar Lower Wall Street turned in slight gains on Wednesday upon the release of the Federal Reserve’s Meeting Minutes. The publication via the U.S central bank propelled the U.S Dollar lower against the major currencies. Inflation remains a heated topic of discussion among Fed members. Today weekly Unemployment Change numbers will come … Continue reading U.S. Dollar Declines in the Wake of Federal Reserve Report. Gold Edges Higher

NZD/USD’s strong rally and its break of 0.7306 resistance indicates that the decline is already completed at 0.7233. Intraday bias is back on the upside for 0.7344 and possibly above. But then, we’ll be cautious on topping again as it approaches medium term level at 0.7318. On the downside, below 0.7233 minor support will turn … Continue reading Morning Market Update – NZD/USD

It was a day of reversals on Wednesday with several futures markets changing direction during the course of the trading session due to a political decision by U.S. President Donald Trump and mixed U.S. Federal Reserve meeting minutes. September 10-year U.S. Treasury Notes traded lower before closing higher on a drop in yields. The U.S. … Continue reading Trump, Fed Minutes Fuel Major Reversals Across the Board

Let’s see which news releases could move the currency markets on Thursday, the 17th of August. This is the Economic Calendar. UK Monthly Retail Sales for July are up first at 8:30 in the morning. Sales rebounded in June, partially reversing a 1.1% drop in May. The final estimate of Euro Zone July CPI is out at … Continue reading Daily Economic Calendar, August 17, 2017

The U.S. Federal Reserve meeting minutes, released at 1800 GMT, showed a split developing between FOMC members over the timing of the next interest rate hike. One camp is worried about the low-inflation environment while the other is worried about a jump in inflation if there is a delay. The minutes cover the July meeting … Continue reading Minutes Reveal a Split Federal Open Market Committee

Stock Markets Broadly Higher The stock markets in Europe were largely higher as the risk sentiment got better all around the world and this helped the recovery in the stock markets. The challenge to the tapering in an European court also seems to be fizzling out in due course of time and this is likely … Continue reading Market Snapshot – Focus on the Dollar as FOMC Minutes Loom

Global investors will examine the U.S Federal Reserve’s FOMC Meeting Minutes carefully upon publication. Forex, equities and commodities are certain to react to any surprises from the outlook the Federal Reserve delivers via its report. Wall Street produced a flat trading session on Tuesday, but Retail Sales numbers were solid. U.S. Dollar Firm Early, Economic Data … Continue reading Broad Markets Brace for the Fed’s FOMC Report, US Futures Point Higher

European stock markets surge higher after mixed Asian session. Data releases and easing concerns over the QE challenge at Europe’s top court helped stock markets to move broadly higher, with the DAX up 0.85% and back at levels last seen ahead of the North Korea tensions knocked markets. The Euro Stoxx 50 is up nearly … Continue reading European Stock Continue to Rally Following Strong UK Labor Data

U.S. Economic Data Strong Retail Sales figures were stronger than anticipated in the States on Tuesday, and the Empire State Manufacturing Index reading turned in a significantly better result than forecasted. Today the catalyst in the broad markets will be the publication of the Federal Reserve’s Meeting Minutes report. The U.S Dollar has been strong … Continue reading U.S. Dollar Stays Strong and Federal Reserve Report will Impact Markets

Gold moved lower towards 1267.95 and found support, bouncing back from the levels after falling from the strong rally. Gold price eased to 1267.95 so far, after gaining some momentum to regain the peak in early trading, eyeing a cluster of supports below. Overall bullish structure sees 1278.16 resistance as an ideal reversal point before … Continue reading Morning Market Update – XAU/USD