Tag: eur

EUR/USD – Euro Gains Ground on Strong Services PMIs

EUR/USD has posted gains in the Friday session, continuing the upward trend we saw on Thursday. Currently, the pair is trading at 1.1639, up 0.32% on the day. On the release front, the focus is on manufacturing and services PMIs. Germany and the eurozone posted Services PMIs of 53.9 and 55.0, respectively, both of which […]

Goldman Forecasts Lower Stock Prices Ahead

A continued surge in corporate earnings will have only limited benefit for stock prices, which face multiple policy obstacles, according to Goldman Sachs. In fact, the bank’s strategists have raised their S&P 500 profits expectations through 2020, but do not expect the improved climate to have a meaningful impact on equity returns. “The US economy […]

US Leading Economic Index Rose 0.4% in May

The Conference Board’s Leading Economic Index increased 0.2 percent in May, short of economists’ expectations. The index was expected increase 0.4 percent in May, according to economists polled by Reuters. May’s increase marks the seventh month of gains, after jumping 0.4 percent to 109.4 in April. “While May’s increase in the U.S. LEI was slower […]

DAX under pressure as investors fret over trade tensions

The DAX index has posted gains in the Thursday session. Currently, the DAX is at 12,614, down 0.65% on the day. On the release front, the sole eurozone indicator is consumer confidence, which is expected to remain pegged at zero for a fifth straight month. On Friday, Germany and the eurozone will release services and manufacturing PMI reports. […]

Oil falls -2% as OPEC nears deal to raise production

Thursday June 21: Five things the markets are talking about Currently, there are many moving parts that are keeping capital market players on their toes. President Trump and Chancellor Merkel continue to deal with immigration policy worries, while trade and tariffs tops most central bankers and other leaders’ agendas. Overnight, the U.S dollar remains better […]

EUR/USD – Stumbling euro falls to 11-month low, U.S jobless claims next

EUR/USD has posted losses in the Thursday session. Currently, the pair is trading at 1.1521, down 0.46% on the day. On the release front, the sole eurozone indicator is consumer confidence, which is expected to remain pegged at zero points for a fifth straight month. In the U.S, there are two key indicators. The Philly Fed […]

Onwards and Upwards

Onwards and Upwards Onwards and Upwards Equity market The US stock markets rose overnight as investors, at least for today have put trade fears in check, as the US tech sector beckons and roars. While markets remain unsure if we’re in the calm after the storm, the lull between storms or even in the eye […]

Iran Could Reach OPEC Oil Output Compromise

Iran signaled on Wednesday it could compromise on a small increase in OPEC oil output when the group meets this week, as Saudi Arabia scrambled to convince fellow members of the need for a larger rise in production. The Organization of the Petroleum Exporting Countries meets on Friday to decide output policy amid calls from […]

Merkel to Meet with European Leaders on Immigration

German Chancellor Angela Merkel will meet some of her European Union peers on Sunday to try break a deadlock on migration and head off a possible clash over the bitterly-contested issue at a June 28-29 EU summit. Merkel will be joined by French President Emmanuel Macron, as well as the leaders of Bulgaria and Austria, […]

OPEC Divided on Increasing Oil Supply

OPEC kingpin Saudi Arabia is struggling to convince some of the world’s largest oil producers over the need to increase oil output ahead of a key meeting on Friday. The Middle-East-dominated oil cartel is not scheduled to make a decision over production policy until later this week, although the gathering of OPEC and other exporters […]