Weekly FX Update – 9 November 2017 (Video)
It’s been a week of reflection for financial markets, partially due to the number of major economic events that took place last week but also the sheer absence of any this week. In this week’s update, Senior Market Analyst Craig Erlam touches on some of last week’s most notable events before discusses how all of […]
7 Economic Calendar Events you Should Definitely Follow
A lot of retail level traders use technical analysis as part of their trading strategies. Although that can be valuable data, market volatility – caused by economic calendar news – doesn’t necessarily care about head and shoulders or…
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Bullet Report: Top 5 Updates to Know About the Market Today – November 1st
1. The New Zealand dollar was the biggest mover in an otherwise quiet morning session due to strong domestic jobs data. The kiwi gained as much as 1% to trade at 0.6922 after the latest labour market statistics…
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November 2017 Market Outlook for EU
Although the Eurozone economy gained momentum over the past few months, uncertainty looms with the European Central Bank gearing up to begin unwinding its monetary stimulus. Amid this uncertainty, there is growing interest in the market-moving indicators for…
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Breaking News: Bitcoin surges to a new all-time high after CME announcement
What was looking like a pretty standard sideward trading day for the market, Bitcoin suddenly decided to wake everyone up as once again it skyrocketed to a new all-time high of $6348.60. The reason for the sudden move…
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Bullet Report: Top 5 Updates to Know About the Market Today, October 31st
1. Overnight, the greenback slipped 0.4% against a basket of currencies after reports that former aides of U.S. President Donald Trump, including former campaign manager, Paul Manafort, were charged by federal authorities probing Russian interference in the 2016…
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The BoE’s First Interest Rate Hike in a Decade?
With Governor Carney’s speech slated for Thursday at 12.30 GMT, markets are pushing back their glasses pondering if this might be the first UK rate hike in almost a decade – even though most analysts previously expected a…
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Dollar’s Capitulation Trade
The ‘mighty’ dollar has deepened its dive against the majors as investor caution on the currency grows. Currently, there is no get out of ‘jail free card’ for long dollar investors who weathered another night of fresh selling, a day after the dollar index notched a 2½-year low – year-to-date, the index is down -9.2%. […]
JOLTS jolted the dollar
JOLTS jolted the dollar The market bounced back to life Tuesday as the Greenback was jolted by the JOLTS data The JOLTS jobs data was through the roof printing an all time record high and ignited a USD rally. But that was only half the positive storyline as a boisterous NFIB small business survey painted […]
PBoC policy shift ?
Stocks in Asia were mixed on Thursday following the release of Caixin PMI data from China, which was at an 11-month low and as the yuan hit a seven-month high. The on-shore yuan traded at 6.7894 to the dollar at 12:29 p.m. HK/SIN, at levels not seen since last November. Before markets opened in China, […]