Tag: Market Pulse

US Retail Sales to Support Dollar

The US dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend. Strong US data and a clear interest rate hike path […]

OANDA Market Insights podcast (episode 35)

OANDA Senior Market Analyst Craig Erlam review the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: Global market sell off, IMF warns Italy, Chancellor optimistic on Brexit, Crude slumps on market uncertainty. OANDA Market Insights podcast (episode 35) Posted 13 minutes ago Oil Prices Rise but […]

Friday night roundup from Singapore

Singapore: Monetary Authority of Singapore  The most important news from my neck of the woods, SGD rallied after the central bank continued on their path to normalise. MAS steepened just 0.5%-pts to 1.0% p.a, and this normalisation supports a bullish near-term view for SGD versus regional peers Oil markets Crude is off to a positive […]

USD/CAD – Canadian dollar edges higher, U.S consumer confidence next

The Canadian dollar has edged higher in the Friday session, following the trend seen on Thursday. Currently, USD/CAD is trading at 1.3011, down 0.18% on the day. On the release front, there are no Canadian events on the schedule. In the U.S, today’s key indicator is UoM Consumer Sentiment, which is expected to remain above […]

DAX punches higher as Asian stocks rebound

The DAX index has rebounded in the Friday session, posting gains. Currently, the index is at 11,617, up 0.68% since the Thursday close. In economic news, German Final CPI gained 0.4%, matching the forecast. Eurozone Industrial Production jumped 1.0%, well above the estimate of 0.4%. It’s been a brutal week for global equity markets, but […]

EUR/USD – Euro punches past 1.16 on strong German inflation

EUR/USD is down slightly in the Friday session, after posting considerable gains on Thursday. Currently, the pair is trading at 1.1583, down 0.07% on the day. Earlier in the day, EUR/USD climbed above the 1.16 level for the first time since October 1. On the release front, German Final CPI gained 0.4%, matching the forecast. Eurozone Industrial […]

European Open – Markets pare losses into week end

Stocks pare losses as we head into the weekend Investors look set for a day of reprieve on Friday, as futures and Asian trade overnight suggest we’re not on course for a third day of a selling frenzy. Stock markets in Asia overnight have rebounded fairly well, with indices posting decent gains, although this does […]

Asia market update

Oil update After hitting a massive speedbump over the past 48 hours or so, Oil investors are dipping their toes back into the no less certain waters as risk has tentatively stabilised. But prices remain very firm even after DOE reported a larger-than-expected build suggesting a bit of discount in the numbers as refinery maintenance […]

Gold gains most in more than two years

Gold is back in favor The safe haven of gold, very much unloved over the past few months as it stood in the dollar’s shadow, saw its fortunes reverse yesterday to record the biggest one-day gain in almost 2-1/2 years. A weaker US dollar amid easing US yields and a below-forecast CPI print, reduced demand […]

Daily Markets Broadcast 2018-10-12

  2018-10-12 Wall Street consolidates after heavy losses US indices saw wild swings yesterday and struggled to gain any solid traction after recent losses. Both the US30 and NAS100 indices are attempting to regain the 200-day moving averages. Bonds rose due to rotation from stocks which pressured yields and the US dollar. US CPI data […]