At 20:20pm U.K. time on Tuesday April 23rd, the U.S. dollar index, DXY, traded at 97.62, up 0.34% on the day, reaching a high not seen since June 2017, as USD has experienced a surge over recent trading sessions. The U.S. dollar experienced significant gains versus the majority of its peers, during the day’s trading […]
USD endured mixed trading fortunes during Monday’s trading sessions, during a day when several FX trading centres were closed, for the extended Easter, bank holiday, trading period. At 19:45pm on Monday April 22nd, the dollar index traded down -0.10% at 97.28, whilst USD also slipped versus the euro; EUR/USD traded up 0.12%, USD/CHF up 0.12%,
The trading week begins slowly during the late evening of Sunday April 21st, due to the long Easter weekend and the associated bank holiday days; on the previous Friday and Monday April 22nd. Consequently, the trading volume and liquidity was below the averages on Friday April 19th, across many markets, particularly FX and equity market
The euro fell versus the majority of its peers during the London-European trading session on Tuesday, after several ECB central bank officials declared their belief; that the previous targets the bank had set for growth, were over optimistic. This declaration implied that the ZIRP and NIRP (negative and zero interest rate) policies would have to
What’s termed “earnings season”, when major USA firms listed on public trading markets, report their latest set of trading figures, has begun in America. Analysts and investors pay close attention to the results and in particular to the figures filed by the banking sector. The belief is that if firms, such as; Goldman Sachs and
Monday begins with the latest U.K. Rightmove asking house prices, published just after midnight. This data, ranking as medium impact, can have a significant effect on overall U.K. consumer and investor sentiment, for both the value of equity indices and sterling. The trickle down effect that; house buying, moving and speculation has on the U.K.
The USA statistics agency, the BLS, reported a weekly unemployment claims number so low on Thursday afternoon, that statisticians had to refer back to 1969 to find such a comparable small reading. Only 196k Americans filed an unemployment claim during the preceding week, whilst continuous claims also fell moderately. Cynics were quick to point out
As predicted, by the economists polled by Reuters and Bloomberg, the ECB announced they had kept the key interest rate unchanged at 0.00% and the deposit rate fixed at -0.4%, at the culmination of their committee meeting. Later in the afternoon, during his press conference in Frankfurt, the ECB President Mario Draghi urged patience, with
Japan’s yen rose versus several of its main peers during Tuesday’s trading sessions, its safe haven appeal was elevated as a consequence of the IMF severely cutting its predictions, regarding global growth for 2019. The International Monetary Fund cut its forecast to 3.3%, from the 3.5% rate it had predicted as recently as January 2019,
The U.K. pound began to fall versus its peers, during Monday’s early trading sessions, as FX market participants began to wake up to the fact that the U.K. is now only nine working days away from needing to find an exit solution, or crash out. However, markets were taken by surprise, as the leader of
