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11 Jul 2019

Thursday 11th July: Dollar remains under pressure following Powell’s dovish comments.

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Key risk events today: BoE Financial Stability Report; ECB Monetary Policy Meeting Accounts; US CPI m/m and Core CPI m/m; RBA Assist Gov. Debelle Speaks; Fed Chair Powell Testifies; FOMC Member Quarles Speaks. EUR/USD: The broad US dollar index fell sharply Wednesday following the Semi-Annual Testimony statement from Federal Reserve chief Jerome Powell. Powell’s comments … Continue reading Thursday 11th July: Dollar remains under pressure following Powell’s dovish comments.

10 Jul 2019

Wednesday 10th July: Asian market mixed in morning trade as investors count on Powell

IC Markets No Comments

  Global Markets: Asian Stock Markets : Nikkei down 0.15%, Shanghai Composite down 0.24%, Hang Seng up 0.21%, ASX up 0.32% Commodities: Gold at $1394.30 (-0.44%), Silver at $15.10 (-0.30%), Brent Oil at $64.75 (+0.92%), WTI Oil at $58.64 (+1.40%) Rates : US 10-year yield at 2.079, UK 10-year yield at 0.718, Germany 10-year yield … Continue reading Wednesday 10th July: Asian market mixed in morning trade as investors count on Powell

10 Jul 2019

Wednesday 10th July: Powell vs. BoC vs. FOMC meeting minutes – expect volatility, traders.

IC Markets No Comments

Key risk events today: UK GDP m/m; UK Manufacturing Production m/m; BoC Monetary Policy Report, Rate Statement, Overnight Rate and Press Conference; Fed Chair Powell Testifies; MPC Member Tenreyro Speaks; FOMC Member Bullard Speaks; FOMC Meeting Minutes. EUR/USD: As dovish ECB chatter increased, the shared currency continued to explore lower ground against its US counterpart … Continue reading Wednesday 10th July: Powell vs. BoC vs. FOMC meeting minutes – expect volatility, traders.

09 Jul 2019

Tuesday 9th July: Asian stocks fall to two-week low amidst fading hopes of Fed rate cut

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Global Markets: Asian Stock Markets : Nikkei up 0.068%, Shanghai Composite down 0.31%, Hang Seng down 0.67%, ASX down 0.23% Commodities: Gold at $1395.05 (-0.35%), Silver at $15.07 (+0.15%), Brent Oil at $64.11 (0.00%), WTI Oil at $57.57 (-0.16%) Rates : US 10-year yield at 2.037, UK 10-year yield at 0.704, Germany 10-year yield at … Continue reading Tuesday 9th July: Asian stocks fall to two-week low amidst fading hopes of Fed rate cut

09 Jul 2019

Tuesday 9th July: Greenback regains footing as bets on aggressive US rate cuts fade.

IC Markets No Comments

Key risk events today: NAB Business Confidence; Fed Chair Powell Speaks; FOMC Members Bullard and Quarles Speak. EUR/USD: Unable to sustain early gains beyond 1.1234, the EUR/USD settled Monday a few points north of May’s opening level on the H4 timeframe at 1.1211, down 0.09% on the day. In terms of data out of Europe, … Continue reading Tuesday 9th July: Greenback regains footing as bets on aggressive US rate cuts fade.