Tag: Market Pulse

USD/CAD – Canadian dollar at 3-week high as greenback retreats

The Canadian dollar has posted small gains in the Thursday session. Currently, USD/CAD is trading at 1.2908, down 0.10% on the day. On the release front, Canada releases ADP nonfarm employment change. In the U.S, the Philly Fed Manufacturing Index is expected to jump to 17.5 points, while unemployment claims are forecast to climb to 210 […]

DAX rally continues despite US tariffs on China

The DAX index has posted gains in the Thursday session, continuing the upward trend seen on Wednesday. Currently, the index is at 12,284, up 0.54% on the day. On the release front, there are no major German or eurozone events. Eurozone consumer confidence is expected to post a decline of -2 for a second straight month. […]

GBP/USD jumps on Brexit reports and retail sales

Investors take tariffs in their stride, focused on White House response It’s been a positive start to trading in Europe on Thursday as investors continue to shrug off the latest tariffs from the US and China. US futures are currently trading flat and failing to take much of a lead from across the pond. Investors […]

EUR/USD – Euro gains ground, Eurozone consumer confidence ahead

EUR/USD has posted slight gains in the Thursday session. Currently, the pair is trading at 1.1694, up 0.28% on the day. On the release front, the eurozone releases consumer confidence, which is expected to post a decline of -2 for a second straight month. In the U.S, the Philly Fed Manufacturing Index is expected to jump […]

OANDA Trading Asia market closing note:Lots of inflexion but a lack of direction

Lots of inflexion but a lack of direction A day of inflexion in currency markets but we ended up with little direction. Most of today was spent trying to find a reason, but with the USD looking battle worn and genuinely fatigued, dollar bulls are talking to the sidelines. While the US treasury yields approached […]

Kiwi jumps on strongest growth in two years

Kiwi higher as Q2 growth beats forecasts New Zealand recorded its best quarter-on-quarter growth in Q2 as the economy expanded 1.0%, a faster pace than the 0.8% growth economists had expected. On an annual basis, growth was also higher than expected, rising 2.8% y/y, topping estimates of a 2.5% increase. New Zealand’s Statistics Agency reported […]

Markets flat as China quickly responds to tariffs

Ball back in Trump’s court as China responds with counter-tariffs Markets are taking new tariffs between the US and China in their stride again on Wednesday, with stocks in Europe and futures in the US looking quite flat ahead of the open on Wall Street. The latest tit-for-tat between Washington and Beijing has been on […]

OANDA Trading Asia market closing note : Irrational exuberance ? YUAN

Irrational exuberance? YUAN EM Asia currencies The Yuan Could be little more than a case of irrational exuberance as the markets have completely latched on to Premier Li Keqiang comments which, at the World Economic Forum, said China would not devalue the currency to stimulate exports and as one would expect the Australian dollar is […]

US yields on a runner

US yields on a runner One could expect a bit of apprehension to enter the fray, and not just from a relief rally hangover, but local bond and currency traders could start looking over their shoulders at US 10y bond yields that have raced higher to 3.05 %. While everyone thought US bond yields could […]

Tariffs? – So what!

China responded to the latest US tariffs with tariffs of their own of between 5-10% on $60 billion worth of American imports. Looking at markets, you’d think nothing had happened!   Dow at eight-month high After an early wobble, the index powered 0.7% higher to close at its highest level since January, helped by gains […]