Tag: Market Pulse

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. […]

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 […]

Will the BoE lay the groundwork for August hike?

Was recent data enough to ease concerns about first quarter downturn? The Bank of England meeting on Thursday should be another interesting affair following a week in which two other major central banks – the Federal Reserve and ECB – have announced new tightening measures. No rate hike expected this month Markets still not convinced […]

Gold steady as markets brace for next salvo in trade war

Gold has inched lower on the Wednesday session. In North American trade, the spot price for one ounce of gold is $1274.11, down 0.06% on the day. On the release front, the U.S current account deficit narrowed to $124 billion, beating the forecast of $129 billion. As well, Existing Home Sales dropped to a 3-month […]

GBP/USD – British pound breaks slide, BoE rate announcement next

The British pound is almost unchanged in the Wednesday session. In North American trade, GBP/USD is trading at 1.3180, up 0.05% on the day. On the release front, British CBI Industrial Order Expectations sparkled, with a reading of 13 points. This easily beat the forecast of 1 point. On the release front, the U.S current […]

USD/CAD – U.S dollar breaks above 1.33 as trade war fears weigh on loonie

The Canadian dollar is trading sideways in the Wednesday session. Currently, USD/CAD is trading at 1.3292, up 0.04% on the day. On the release front, there are Canadian events on the schedule. The U.S releases Existing Home Sales, which is expected to rise to 5.52 million. On Thursday, Canada releases ADP Nonfarm Employment Change and […]

DAX stops slide – the lull before the storm?

The DAX index has posted gains in the Wednesday session. Currently, the DAX is at 12,740, up 0.44% since the Tuesday close. On the release front, there are no major German or eurozone indicators. German PPI remained steady at 0.5%, edging above the estimate of 0.4%. The ECB Forum continues on Wednesday, with ECB head Mario […]

EUR/USD – Euro Under Pressure, Markets Eye ECB Forum

EUR/USD has posted slight losses in the Wednesday session, continuing the downward trend seen on Tuesday. Currently, the pair is trading at 1.1569, down 0.17% on the day. On the release front, German PPI remained steady at 0.5%, edging above the estimate of 0.4%. The ECB Forum continues on Wednesday, with ECB head Mario Draghi […]

Risk-off mode pauses for breath in Asia

US Treasuries benefit from safe haven flows The escalating trade war between the two economic superpowers, US and China, continues to weigh on investor sentiment. Safe haven flows from both equities and currencies are targeting longer-dated US Treasuries, pushing the 10-year US yield below 2.90% for the first time this month. As Treasuries benefit, so […]