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European Open Preview – Stocks crash as risk aversion reigns; US CPI and ECB minutes eyed

Posted on October 11, 2018 at 7:52 am GMT

Here are the latest developments in global markets: FOREX: The dollar was down by almost 0.2% against a basket of six major currencies on Thursday, extending losses from the previous session. The yen was the best performer, advancing against all its major peers as risk aversion took hold, amid sustained worries around the trade outlook and elevated bond yields. Meanwhile, commodity currencies were hammered lower in this environment, with the loonie being caught in the eye of the storm as oil [..]

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European Open Preview – Fresh dose of Brexit optimism lifts pound; key UK data and US factory inflation coming up

Posted on October 10, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is fractionally lower on Wednesday (-0.06%), after finishing the previous session down as well, weighed on by a slight pullback in US bond yields. The British pound outperformed, as fresh media reports amplified optimism that a Brexit deal may be reached by next week. On the other hand, the euro surrendered ground across the board, even despite some soothing remarks by the Italian PM. STOCKS: Wall Street closed mostly in [..]

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European Open Preview – Yen stages comeback amid China & Italy concerns

Posted on October 9, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – inched up by 0.11% on Tuesday, extending the gains it recorded in the previous session. This was largely owed to a tumble in the euro, which holds the largest weight in this index by far, as concerns around Italy remained in the spotlight. The yen was the best performer among the major currencies, with investors [..]

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European Open Preview – Dollar unimpressed by jobs data; yuan softens as China opens stimulus taps

Posted on October 8, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.18% against a basket of six major currencies on Monday, recovering the modest losses it recorded in the previous session. The British pound posted notable gains after media reports suggested the EU is ready to offer the UK a “super charged” free trade deal. In China, the PBOC eased policy by cutting its reserve requirement ratios (RRR), triggering a tumble in the yuan. STOCKS: US markets were a [..]

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European Open Preview – Risk-off tones boost the yen and weigh on equities; US jobs data front and center

Posted on October 5, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is practically flat against a basket of six major currencies on Friday. It retreated in the previous session, but still held close to its recent highs. The yen saw a round of gains, with dollar/yen falling back below 114.00 as investors turned defensive amid high bond yields, and signs that the US-China “cold war” may be entering a new phase. Meanwhile, the commodity-linked currencies continued to underperform, with the aussie [..]

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European Open Preview – Dollar flexes its muscles to reach an 11-month peak versus the yen

Posted on October 4, 2018 at 7:53 am GMT

Here are the latest developments in global markets: FOREX: The dollar index is higher on Thursday (+0.29%), extending the impressive gains it recorded in the previous session as US yields raced higher. The US currency touched a fresh 11-month high against the yen, buoyed by strong US data and confident remarks by Fed chief Powell. Meanwhile, the antipodean currencies underperformed, with both aussie/dollar and kiwi/dollar tumbling to fresh 2½-year lows. STOCKS: The Dow Jones (+0.20%) closed at a fresh record high for [..]

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European Open Preview – Euro bounces on Italian news; sterling eyes PM May’s speech

Posted on October 3, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower by 0.20% on Wednesday. This is owed mainly to a recovery in the currency with the heaviest weight in this index, the euro, which bounced overnight following news that Italy is willing to compromise on its budget deficits from 2020 onwards. Elsewhere, the pound grinded lower during the Conservative Party Conference, with all [..]

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European Open Preview – Euro extends losses as Italian worries dominate

Posted on October 2, 2018 at 7:51 am GMT

Here are the latest developments in global markets: FOREX: The dollar is up by 0.23% against a basket of six major currencies on Tuesday, looking set to post gains for the fifth session in a row. The loonie was an outperformer, with news that the US and Canada reached a new NAFTA accord lifting the risk premium on the currency. Meanwhile, the euro remains on the back foot, as Italy’s government appears adamant about sticking to its deficit target, setting the [..]

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European Open Preview – Dollar gains, euro tumbles; Eurozone flash inflation and US core PCE due

Posted on September 28, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.17% against a basket of six major currencies on Friday, extending the significant gains it recorded in the previous session. The euro, which holds the largest weight by far among those six currencies, edged lower as concerns around the Italian budget intensified. STOCKS: Wall Street roared back on Thursday, with all the major indices closing in the green, aided by gains in tech giants like Apple [..]

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European Open Preview – Dollar capitalizes on euro jitters; German inflation coming up

Posted on September 27, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies– is higher by 0.35% on Thursday. This is owed mainly to weakness in the currency that has the biggest weight in this index by far, the euro, which is under pressure amid fresh worries around the Italian budget situation. The kiwi, meanwhile, responded little to the RBNZ rate decision overnight, though it is trading lower overall [..]

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