Tag: eur

DAX plunges to 3-week low on US-China trade spat

The DAX index remains under pressure in the Tuesday session. Currently, the DAX is at 12,614, down 1.71% since the Monday close. On the release front, the ECB Forum kicks off with a speech from ECB President Mario Draghi. In the eurozone, the current account surplus narrowed for a third straight month, dropping to EUR 28.4 […]

EUR/USD – Euro slips as trade war worsens

EUR/USD has posted considerable losses in the Tuesday session. Currently, the pair is trading at 1.1552, down 0.60% on the day. On the release front, the ECB Forum kicks off with a speech from ECB President Mario Draghi. In the eurozone, the current account surplus narrowed for a third straight month, dropping to EUR 28.4 […]

Risk off moves supported by tit-for-tat trade dispute

Tuesday June 19: Five things the markets are talking about The trade dispute between the two economic superpowers, U.S and China, is getting ugly very quickly and has triggered a global sell-off of riskier assets and flight toward safe haven assets. The fallout is pressuring global equities and providing support for U.S treasuries, gold and […]

World Cup effect weighing on volumes

World Cup effect weighing on volumes Volumes are running low confirming the World Cup effect, but the lack of any substantial data has also contributed to the downturn in volume. Equity Market Risk off sentiment continues to dog equity markets as heightened trade tension between China and the US have investors yet again bracing for […]

CAC slips as Trump tariffs spook investors

The CAC index has started the week with sharp losses. In the Monday session, the CAC is at 5436, down 1.2% on the day. On the release front, there are no eurozone or French indicators. The highlight of the day is the opening of the ECB Forum, which kicks off with a speech from ECB President Mario Draghi. […]

FED NY: Statement from President Williams

June 18, 2018 I am pleased to be starting my tenure today as president and CEO of the Federal Reserve Bank of New York. As someone who has dedicated his career to public service, I can think of no better place from where to continue to support the nation’s economic well-being. The New York Fed […]

DAX slides as Trump slaps tariffs on China

The DAX index has started the week with sharp losses, continuing the downward trend seen on Friday. Currently, the DAX is at 12,834, down 1.35% on the day. On the release front, there are no German or eurozone indicators. The highlight of the day is the opening of the ECB Forum, which kicks off with a speech […]

Dollar rises on falling risk appetite

Monday June 18: Five things the markets are talking about Global trade is again top of capital markets agenda, as dealers and investors are now officially worried about the intensifying confrontation between the U.S and China. Global equities are trading under pressure over the escalating protectionist standoff between the two largest economies, along with crude […]

EUR/USD – Euro Trading Sideways, ECB Forum Next

EUR/USD has ticked lower in the Monday session. Currently, the pair is trading at 1.1597, down 0.10 on the day. In economic news, it’s a quiet start to the week, with no major releases. The highlight of the day is the opening of the ECB Forum, which kicks off with a speech from ECB President […]

Dollar Higher After Fed Hike and Dovish ECB

The US dollar gained against all major pairs this week. A hawkish Fed and a dovish European Central Bank (ECB) gave the edge to the American currency. Donald Trump scored diplomacy points in Singapore by meeting with North Korean leader Kim. Trade war fears were once again at the forefront as the Trump administration announced […]