Global Markets: Asian Stock Markets : Nikkei down 2.89%, Shanghai Composite down 0.53%, Hang Seng down 1.23%, ASX down 1.34% Commodities : Gold at $1248.45 (-0.63%), Silver at $14.64 (-1.18%), Brent Oil at $56.38 (-1.50%), WTI Oil at $47.15 (-2.12%) Rates : US 10-year yield at 2.757, UK 10-year yield at 1.285, Germany 10-year yield … Continue reading Thursday 20th December: Asian markets in free fall as the Fed raises rates.
Category: Recent
Thursday 20th December: Bank of England take center stage today – potential volatility for GBP-related markets ahead.
The FOMC raised the fed funds rate target by 25bps, as expected. The central bank also narrowed the trajectory of rate hikes, envisaging two hikes in 2019.
Holiday Trading Schedule Dec 2018– Jan 2019
Dear Traders, Please find our updated trading schedule for the Christmas, Boxing Day and New Year’s Day holidays below. All times mentioned in GMT +2. Liquidity over the holidays is expected to be particularly thin so please take the necessary precautions to ensure you are not affected by increased volatility, spreads and intermittent pricing. We … Continue reading Holiday Trading Schedule Dec 2018– Jan 2019
Wednesday 19th December: Asian Markets mixed as investors await Fed outcome
Global Markets: Asian Stock Markets : Nikkei down 0.69%, Shanghai Composite down 0.47%, Hang Seng up 0.19%, ASX down 0.16% Commodities : Gold at $1254.90 (+0.10%), Silver at $14.76 (+0.41%), Brent Oil at $56.63 (+0.66%), WTI Oil at $46.84 (+0.52%) Rates : US 10-year yield at 2.810, UK 10-year yield at 1.284, Germany 10-year yield … Continue reading Wednesday 19th December: Asian Markets mixed as investors await Fed outcome
Wednesday 19th December: FOMC takes center stage today – expected to lift rates by 25bps to 2.25-2.50%.
The Fed is expected to lift rates by 25bps to 2.25-2.50%, with risks the hiking trajectory could be narrowed. The tone of the statement and Chair Powell’s press conference is expected to tilt dovish, reflecting a data-dependent FOMC.