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30 August 2017 #Currency Snapshot.

30 August 2017

#Currency Snapshot.
Brexit negotiations weigh on GBP
The pound largely softened last week, with markets reading between the lines of the latest economic data releases to find the negatives behind the positive headline figures.
GBP/EUR slumped to €1.07 this week, while GBP/USD climbed to US$1.2963.
There isn’t a huge amount on the UK data calendar this week, but market focus is likely to be on the ongoing Brexit negotiations.

Regards All.
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Daily Market Updates 19 January 2017

Headlines International
Overnight the dollar has rallied 1.1% while Treasuries plunged after Yellen signalled the Fed is ready to raise rates if the economy strengthens as anticipated.
Yellen says economy near goals, warranting gradual rate hike. U.S. economy is “close” to objectives of full employment, stable prices; Yellen confident it will continue to improve. “I and most of my colleagues” were expecting last month to increase the benchmark lending rate “a few times a year” through the end of…
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Market Update 16 September 2016.


Global Headlines
•EU zone inflation remained low at 0.2% y/y, weaker than consensus.
•By EU country France was stable at 0.%, Germany fell from 0.4 to 0.3%, Spain deflation moderated from -0.7 to -0.3%.
•BoE held cash rates at 0.25%, confirming a continuation of bond buying program going on to signal potential for further rate cuts.
•BoE noted Brexit impact on growth less severe than thought, but still concerned about fallout effect.
•SNB keeps rates low to curb strong outlook on CHF
•US retail…
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Focus shifts to Asia Pacific & G20.

Dear Trader,
After two weeks of intensive US dollar focus, the attention will finally shift to the Asia Pacific in the first week of September.
The G20 meeting in Hangzhou, China, will of course be in focus on September 4th and 5th, when the world’s leaders will once again discuss the state of the world’s economy.

Looking at major macro events next week, the Reserve Bank of Australia will give its policy verdict on Tuesday. The RBA is expected to maintain the status quo and keep its cash rate u…
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Markets are nervous.

Risk momentum continues to be shaky, with stock markets dipping yesterday. The move was likely triggered by oil prices falling once again and confirmation from the Exxon Mobile Corporation of its weakest annual results in over ten years.
In addition, US Federal Reserve voter Esther George optimistically indicated in her speech yesterday that the Fed may continue down the path of raising rates despite the global growth concerns. A Fed bent on rate rises weakens risk appetite, as there is uncertai…
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Not much to look at this week at the open

Not much to look at this week at the open. Good Morning;
traders continue to be ultra-sensitive with every news announcement and talking head statement.
Look for the same drivel from the ECB and the Fed until they actually put their the speculation into decisive action. Until then, Markets will remain choppy and squeamish.
Stay alert.
@fxcox on twitter
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