European equities have pulled back today but this is entirely normal after last week’s rally. Stocks in Europe were up nearly 4% last week on average, and also closed above some fairly significant technical levels. The pan European Eurostoxx index broke above its 200-day sma at 2,448 and managed to Read More Europe Has a [...]
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At this week’s meeting, the MPC may well decide to undertake another ?50-75bn of Quantitative Easing (QE). Some will think this too small; some will think it too big. Read More A messy but steadyasshegoes monetary policy suits the world just fine
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Read More US Dollar a Natural Short but also a Fundamentally Loaded Currency
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Equities and commodities were higher in the Thursday trading session as we continue to have the spillover effects and positive risk sentiment from the Fed’s decision yesterday to keep interest rates steady for longer. In regards to the US economy we had three key releases today, showing manufacturing orders coming in Read More US Durable [...]
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The British Pound may fall if a negative GDP print and minutes from January’s BOE meeting stoke QE added bets. The Euro recovery looks likely to continue. Read More FOREX British Pound Vulnerable But Euro Recovery May Continue
Posted in FX News | Tagged british, but, continue, euro, forex, may, pound, recovery, vulnerable
The much-feared, yet equally much-anticipated, EU sovereign credit rating downgrades have arrived. The winners were Germany, the Netherlands, Finland, and Luxembourg, which saw their AAA ratings sustained. The losers were Belgium, Austria and France, which were cut one grade to AA+. The biggest losers were Italy, Spain and Portugal, which Read More Eurozone Downgrades Desperate, [...]
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<Teaser> Read More British Pound Could Rally, but Rate Environment Increasingly Negative
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Market sentiment was also bolstered after data showed that Chinese manufacturing activity returned to expansionary territory last month after contracting in November, easing concerns over a slowdown in the world’s second largest economy. … 23 Vote(s) Read More EUR JPY off 11year low but downside risks remain
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US dollar is almost universally lower today, thanks to a small amount of optimism as the year draws to a close. However, even though the greenback is lower on the day, the currency looks to post an annual gain against the euro. (…)Read the rest of US Dollar Lower Today, But Looks to Post Annual Gain (127 words) Posted on Forex News. Read More US Dollar Lower Today, But [...]
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US equities and the dollar ended mixed on Tuesday as volumes were light across asset classes with UK financial markets closed and many US traders off on extended holiday breaks. SEK and GBP outperformed versus USD in the G10 space while NZD and AUD underperformed against the greenback with losses Read More Lighter Volumes But [...]
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