Sterling rises as bets the Tories will win the UK’s election increase, EUR/USD falls from recent seven month high Having recently forecast that sterling could reach 1.45 versus the U.S. Dollar by the end of 2018, investment bank Morgan Stanley is now rowing back from that forecast, suggesting that the currency pair GBP/USD will peak […]
MORNING ROLL CALL
Main USA equity markets close at record highs, U.S. Dollar strengthens, gold falls, oil slips; despite a glut reduction Despite little USA economic calendar news on Thursday actually supporting the strong rally in U.S. equities, the SPX closed up 0.76% and the DJIA up 0.65%, both closing at record highs, with bank stocks leading the
MORNING ROLL CALL
Gold rises, oil slumps, USA equities end the month up approx. 1%, U.S. Dollar slides, whilst euro makes gains versus peers As institutional traders closed their books for the month, the SPX weighed in with 1.2% growth in May, closing down 0.05%, with the DJIA down 0.10%. There was little in the way of high
MORNING ROLL CALL
U.S.Dollar comes under pressure versus its major peers, SPX reverses seven day advance, gold falls, Eurozone confidence slips New York, London and Shanghai equity markets were closed on Monday for a bank holiday, economic calendar news was equally distributed between the Eurozone and the USA on Tuesday, as markets roared back into life. European news
MORNING ROLL CALL
Subdued Monday bank holiday trading witnesses sterling rise, euro fall and global equity markets move sideways With markets closed in: London, China and New York, both the equity and the FX markets were relatively subdued. Both the global equity markets (that were open) and the FX markets, moved generally sideways during the day. Sterling was
MORNING ROLL CALL
NFP jobs data, European, Asian and USA PMIs, and various GDP reports, will dominate the economic calendar this week Monday is a bank holiday in the UK and with London still occupying top spot as the number one global forex trading venue, there’s likely to be a significant fall off in the level of FX
MORNING ROLL CALL
WTI oil falls 5%, SPX and NASDAQ close at record highs, U.S. Dollar ends day close on flat versus major peers The economic calendar day began with official data from the UK’s government statistics body; GDP for the first quarter of 2017 in Britain has fallen to 0.2%, a desperately poor reading that if annualised
MORNING ROLL CALL
SPX and NASDAQ close at record highs, Fed minutes indicate three rate rises for 2017, Canadian dollar rises on interest rate rise hope Moody’s Investor Services, one of the most respected global ratings agencies, delivered a shock announcement on Wednesday, by downgrading China’s rating for the first time in thirty years. In a statement they
MORNING ROLL CALL
European equities rise due to favourable data, euro falls, USA equities rise, dollar rises, WTI oil maintains recent winning streak, gold loses USA equities ended the day just short of record high closes, as the momentum which developed from the Trump Middle East business tour, continued throughout Tuesday. The DJIA ended up 0.21% and the
MORNING ROLL CALL
U.S. equities rise due to Trump’s Saudi Arabia trip, dollar falls, crude rises on hope of OPEC cut extension, gold rises During Monday’s trading sessions economic calendar events (concerning the USA), were thin on the ground. The USA public experienced some (temporary) relief from the relentless anti Trump narrative, as the focus was off Trump’s