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Dollar off on Trump chaos and Fed minutes

Yesterday, the US Dollar was on the defensive against its major peers as markets were digesting the minutes of the Fed’s July meeting and CEOs backlash against President Donald Trump renewed concerns about his ability to deliver on his agenda. The

US Inflation disappoints Dollar Bulls

The US Dollar fell last Friday after downbeat US inflation data for July dampened expectations for another Fed rate hike this year. Data showed that July CPI rose 1.7% y/y, missing estimates for a gain of 1.8%, while monthly CPI rose

Haven assets surges on political uncertainties

Last week, the Dollar slipped against its peers after news that US producer prices unexpectedly fell in July, recording their biggest drop in nearly a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest

North Korea tensions ignite buying of haven assets

Gold prices jumped in early Asian sessions on Thursday and hit $1,279.64, the highest in nearly two months, bolstered by the safe-haven demand triggered by rising tensions on the Korean peninsula. North Korea dismissed yesterday’s warnings by US President Donald Trump

Hong Kong Dollar nears decade low

On Monday, the US Dollar traded as high as HK$7.8218 setting the Hong Kong currency on course for its weakest daily level in ten years. The Hong Kong currency’s weakness is the result of the excess liquidity in the territory’s banking

Dollar struggles after weak US ISM data

Last Friday, the Dollar struggled near a 2-1/2-year low against the Euro and a seven-week trough versus the Yen. The greenback has been on the back foot through the week, weighed by largely uninspiring US economic data which have added to

Euro Breaches $1.19 for the first time since 2015

Early yesterday, the Euro slipped after climbing the day before above $1.19 against its US counterpart, the first time it has crossed the threshold since the start of 2015. In contrast to the political risks and monetary policy uncertainty that have

Euro inches higher on White House drama

Yesterday, the Euro surged above $1.18 against the Dollar, for the first time since January 2015, supported by expectations for a more hawkish monetary policy stance from the European Central Bank. Furthermore, the Euro extended gains after Trump removed his White

Market steadies as investors await GDP data

The greenback, which had sunk to a 13-month low midweek after the Fed’s policy statement suggested it was in no hurry to raise interest rates again, received a lift last Thursday, as Treasury Yields rose on the back of upbeat US

Dollar drops after Fed inflation view

Yesterday, the Dollar licked its wounds at 13-month lows against a basket of major currencies after the Federal Reserve’s more cautious wording on the inflation outlook bolstered views it might not hike interest rates again this year. While the Fed said

Dollar edged up from 13-month low

On Tuesday, the Dollar pulled away from a 13-month low against a basket of currencies trying to shake off a recent selloff after upbeat US economic data as investors awaited this week’s Federal Reserve meeting for clues on the timing of

EUR edged up near 2-Year high

Last Friday, the Dollar headed for weekly losses, wallowing at its lowest levels against the Euro ($1.1659) in nearly two years after what markets perceived as hawkish talk from European Central Bank chief Mario Draghi. His comments were perceived as “hawkish,

Vertu that sold $14,000 smartphones has reportedly collapsed

According to multiple media reports, the manufacturing arm of a British luxury smartphone maker is to be wound down after a failed buyout bid in the UK High Court. Murat Hakan Uzan, who owns the Vertu brand, sought to buy the

Snapchat Shares get a Wall Street upgrade after falling to post-IPO low

Stifel, the Wall-Street firm upgraded Snpachat-parent Snap Shares to buy from hold last week after the Stock hit a new low since its March IPO. Stifel is now one of the minority of Wall Street firms with a positive outlook on Snap. Shares

US inflation data awaited for Fed direction

Last Friday, the Euro failed to sustain an early advance against the US Dollar, and retreated to trade below the $1.14 level as investors unwound long positions to take profit. The European Central Bank is likely to signal in September that

Fed lifts stocks to record high and investors eye earnings boost

During the night, Global Stocks scaled record highs, with Asian Equities rising for the fifth straight session, as signs the Federal Reserve will pursue a gradual rate-tightening path and hopes of a strong earnings season lifted appetite for risk assets. Japan’s

Markets stabilize as investors wait for Yellen testimony

Early yesterday, the Dollar steadied against its major peers as a surge in sovereign Bond Yields paused, with investors awaiting comments from Federal Reserve Chair Janet Yellen due today and Thursday, for fresh cues on policy direction. Meanwhile, San Francisco Federal

ECB open to further steps toward slow stimulus exit

Last Thursday, the Euro rallied against its US counterpart after the minutes from the European Central Bank’s (ECB) June 7-8 meeting showed that the Central Bank left the door open to removing its Bond-buying pledge. ECB officials already discussed taking out

Market steadies, awaiting more Central Bank cues

Yesterday, the Dollar stabilized against its major peers early after the Federal Reserve’s policy meeting minutes on June 13-14 showed a rift among policymakers over the pace of future US rate increases with signs of inflation fading. Several officials wanted to

Australia’s Central Bank holds rate unchanged

Yesterday, the Australian Dollar sank against its US counterpart early, after the Reserve Bank of Australia (RBA) finished its July policy meeting with rates staying at a record low of 1.5%, where it has been since August last year and signaled

Euro poised for best quarter in seven years

Last week on Friday, the Euro traded near a 14-month high and was on track for its best quarter in nearly 7 years, lifted by growing expectations that the ECB is preparing to scale back its monetary stimulus. The Euro has

Bank of England Opens Door To Rate Hike

Early on Thursday, Sterling jumped to a three-week high of 1.2975 against the US Dollar after Bank of England Governor Mark Carney said that the Bank was likely to raise interest rates as the British economy comes closer to operating at

Cyber attack sweeps globe, researchers see ‘WannaCry’ link

A major global cyber-attack occurred at Russia’s biggest Oil company, Ukrainian banks and multinational firms with a virus similar to the one that infected more than 300,000 computers last month. Businesses in the Asia-Pacific region reported some disruptions today with the

Canadian Dollar rebounds on strong retail sales

Last week, the Canadian Dollar strengthened against its US counterpart supported by higher Oil prices and stronger than expected domestic retail sales data, which boosted expectations for an interest rate hike in July from the Bank of Canada. Retail sales rose

Pound rises up as Andy Haldane backs BoE rate rise

On Wednesday, Sterling surged briefly above $1.27 against its US counterpart, reversing a drop below $1.26 on comments from Bank of England (BoE) policymaker. BoE Chief Economist Andy Haldane struck a more hawkish tone than BoE Governor Mark Carney and said

The Australian Dollar gets hit hard twice overnight

Tuesday night, the Australian Dollar slipped against its US counterpart, undermined by the Dollar’s strength and a decision from rating’s agency Moody’s to downgrade the long-term credit rating of Australia’s big four banks. Meanwhile, the minutes of the RBA June policy

US Dollar firms against its peers on upbeat data

Last week, the Dollar rose to its highest in more than two weeks as solid readings on the US economy helped strengthen the case for the Fed to continue tightening monetary policy this year. The number of Americans filing unemployment claims

Dollar erases losses after Federal Reserve decision

On Wednesday, the US Dollar rallied against its major peers and erased its earlier losses after the US Central Bank lifted the benchmark lending rate by 25bp and said that it would begin cutting its $4.2 trillion holdings of Bonds and

Dollar slips as traders await Central-Bank meetings

Yesterday, the Dollar stabilized against its major peers with the focus on the US Federal Reserve’s two-day policy meeting. The Fed is expected to raise its benchmark interest rate due to a tightening labor market and may provide more detail on

Qatar could defend currency for years, its balance sheet shows

Qatar could defend its currency for years in the face of other Gulf states, according to the country’s balance sheet, so the Riyal’s peg to the US Dollar is unlikely to fall victim to the region’s diplomatic crisis. That means the

Sterling stunned by UK election shock, fallout limited elsewhere

Today, Sterling spiraled lower as British elections left no single party with a clear claim to power, sideswiping investors who had already weathered major risks in the United States and Europe. With the majority of seats counted in the quick vote,

Yen strengthens against Dollar on haven demand

On Tuesday, the Dollar hit a six-week low against the safe-haven Yen early as caution mounted ahead of Britain’s election, the ECB meeting, and former FBI Director James Comey’s testimony to a Senate committee, all of which are set for Tomorrow.

Pound falls as London attacks intensify election risks

After a weekend terror attack in London, the Pound fell in Asia trading before the nation goes into a quick election. The Sterling declined 0.3% against the Dollar as Leveraged clients are awaiting the results of new polls taken after the

Pound slips as poll forecasts tight election race

On Wednesday, the British Pound dropped against the US Dollar after a new poll found that British Prime Minister Theresa May’s Conservative Party risks falling short of an overall majority in the June 8 national election. A YouGov model showed that

European Shares feel the heat as political temperatures rise

Yesterday, European Shares fell for a fourth consecutive day and the Euro was battling to avoid the same fate, as the prospect of early Italian elections and Greece’s ongoing struggles nudged up the political temperature gauge. The Deutsche Bank cut the

British Airways cancels flights as global IT outage causes chaos

On Saturday, British Airways (BA) canceled all its flights from London’s two biggest airports after a global computer system failure, with thousands of passengers queuing for hours and planes left stuck on runways. Caused by a power supply problem, the failure

OPEC disappointment hits Oil and Stocks

The OPEC and some non-OPEC producers agreed to meet in Vienna yesterday to extend supply cuts of 1.8 million barrels per day until the end of the first 2018 quarter. During the night, Crude prices were on the defensive after an

Pound subdued after Manchester attack

Sterling stayed subdued yesterday, below seven month-highs against the Dollar as investors awaited further developments in Britain’s suspended election following Monday night’s explosion in Manchester that killed 22 people at a concert. The Pound traded lower for most of the day,

Market review: Dollar relief from solid US data

Last Thursday, the US Dollar reversed early losses against its peers, after upbeat US economic data put the focus back on a widely anticipated increase in interest rates by the Federal Reserve. The number of Americans receiving jobless benefits fell to

Dollar weakens on Rising concerns over Trump

This week, the Dollar nursed its losses after taking a hit from solid Eurozone economic data, a fall in US Yields on heightened turmoil in Washington and downbeat housing data that reduced expectations of a Federal Reserve rate hike next month.

Dollar softens against a stronger Euro in Asia

In early Asian sessions yesterday, the Euro rose against a weaker US Dollar and edged above $1.1000 ahead of the release of Eurozone gross domestic product data later in the day. With concerns about political risks in the Eurozone having receded

Market steadies after release of data

Last Thursday, the British Pound slipped to a one-week low against the US Dollar after the Bank of England report showed interest rates were unlikely to rise within the next two years and predicted a bigger than expected short-term slowdown in

Sterling flirts around 1.30 against a weaker Dollar

On Wednesday, the British Pound jumped near $1.30 against the US Dollar for the first time in more than eight months, capping off a near 6% rise this year and making up all of its losses after the currency suffered a

Euro falls as traders cash in French election bets

On Tuesday, the Euro pulled back from a recent six-month highs but remained well-supported as fading worries over political populism and signs of improving economic conditions in Europe bolstered investor confidence. With the French election out of way, investors are now

Wall Street set to rise after Macron wins in France

US Equity Index Futures edged higher yesterday in the wake of a victory by the centrist candidate in the closely watched presidential French election, suggesting the benchmark S&P 500 may push further into record territory when trading reopens today morning. S&P

Dollar in light turnover amid Japan’s Holiday

Since Tuesday, the British Pound edged slightly higher against the US Dollar and recorded marginal gains as a better-than expected reading on the state of the manufacturing sector failed to spur traders into action. Britain’s manufacturing sector grew at the fastest

Yen slips to ¥112 per Dollar for the first time since March

On Tuesday, the Dollar surged against the Japanese Yen and hit a one-month high of 111.99 lifted by Treasury Yields, which surged after US Treasury Secretary Steven Mnuchin commented on the possibility of an ultra-long-term bond issuance. Mnuchin reiterated his view

Euro edges lower after ECB leaves policy unchanged

Last Thursday, the Euro inched down against its US counterpart after the European Central Bank (ECB) left its interest rates and policy stance unchanged, keeping its unprecedented stimulus in place as inflation remains below target. The ECB kept its bias for

What analysts are saying about the First round of French election voting

Investors are cheering the results of the first round of voting in France’s presidential elections after centrist Emmanuel Macron and far-right nationalist Marine Le Pen emerged victorious from the five-way race. The result triggered a relief rally in European Stocks and

OPEC recommends six-month extension of Oil output cuts

According to Thomson Reuters, a technical committee of OPEC and non-OPEC producers recommended that producers extend a global deal to cut Oil supplies for another six months from June. The Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers

Euro jumps, Shares firm on French election relief

The Euro briefly vaulted to five-month peaks on Monday after the market’s favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades. E-mini Futures for

French vote in focus

Sine earlier this week, the Dollar is holding above lows against its peers. The US currency is trading with a broadly defensive tone as economic data lowered outlook for interest rate hikes and the Beige Book showed the US economy expanded

Dollar weakness eases on Mnuchin comments

Yesterday, the Dollar fell to a five-month low against the Yen after soft US data hurt investor’s sentiment, already frayed by worries over rising tensions in North Korea, and fueling demand for the safe-haven Japanese currency. Data last Friday showed that

Dollar falls on Trump currency comments

Last week, the Dollar slumped broadly against its peers, after Donald Trump helped accelerate its recent decline by saying that the Dollar “is getting too strong” and that he would prefer the Federal Reserve to keep interest rates low. Trump’s comments

United Airlines faces rising pressure over hospitalized customer

On Tuesday, United Airlines and its CEO faced mounting pressures from a worldwide backlash over its treatment of a passenger who was dragged from his seat on a plane last Sunday to make room for four employees on the overbooked flight.

Safe haven assets jump on geopolitical uncertainties

Last Friday, the US Dollar rose against its major peers with gains limited as investors had already been on edge as Trump met Chinese leader Xi Jinping for talks in a two-day summit over flashpoints about North Korea and China’s huge

Safe-haven assets jump as U.S. missiles strike Syria

Today, the safe-haven Bonds and the Yen jumped in Asia as Stocks slipped after the United States launched cruise missiles against an air base in Syria, raising the risk of confrontation with Syrian backers Russia and Iran. The U.S. Dollar dropped

Apple aims for more control, less cost as it accelerates in chip design

Apple Inc.’s decision to stop licensing graphics chips from Imagination Technologies Group Plc. is the clearest example yet of the iPhone maker’s determination to take greater control of the core technologies in its products – both to guard its hefty margins

Tesla delivers a record of 25,000 vehicles in Q1

On Sunday, Tesla Inc. the US luxury electric car maker, said first-quarter vehicle deliveries jumped 69% from a year ago to a quarterly record of 25,000 vehicles, bouncing back from delays in the previous quarter. The company said of the total

Euro dives as Markets over-interpreted ECB message

On Thursday, the Euro dipped to $1.0741 in early sessions having drifted down from a 4-1/2-month high of $1.0906, as the European Central Bank (ECB) showed no sign of stepping away from monetary easing anytime soon. A report by Thomson Reuters

Pound steady on eve of Brexit trigger

On Tuesday, Currency traders showed little sign of heightened nerves ahead of Britain’s formal launch of negotiations on leaving the European Union. British Prime Minister Theresa May will trigger Article 50 of the EU’s Lisbon Treaty with a formal notification of Britain’s intent

U.S. equity Futures at six-week low after Trump healthcare setback

On Sunday, US Equity Index Futures fell to a six-week low in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the US healthcare system in a stunning setback for President Donald Trump. Markets were

Russia, Saudis move at a different pace as Oil cuts scrutinized

Russia and Saudi Arabia head to this weekend’s OPEC committee meeting as the tortoise and rabbit of a global deal to cut Oil supply, with Moscow sticking to a slow and steady pace despite Riyadh’s sweet-talking. OPEC’s de-facto leader Saudi Arabia

Dollar slumps after Evans reinforces rate outlook

On Tuesday, in early Asian sessions, the Dollar was on the defensive, after Chicago Federal Reserve President Charles Evans reinforced the perception that the US Central Bank won’t accelerate the pace of its interest rate hikes. Evans strengthened the Central Bank’s

Merkel, Abe Call for EU-Japan deal to stem trade barriers

The Chancellor Angela Merkel and the Japanese Prime Minister Shinzo Abe called for a concerted effort to defend free trade, saying global markets can be both open and fair. After the US President Donald Trump and Merkel held inconclusive talks at

British Pound surges against the Dollar; Pressured Dollar after FOMC disappointment

On Wednesday, the Sterling jumped 1.1% against the US Dollar, pulling away from a two-month low of $1.2110 after surging 1.2% overnight as Dutch center-right prime Minister Mark Rutte scored a resounding victory over anti-Islam and anti-EU Geert Wilders in an

Japan’s Nikkei slips on firmer Yen before Fed

During the night on Wednesday, Japan’s Nikkei Share average slipped dragged down by a firmer Yen as investors were waiting for the US Federal Reserve’s monetary policy outlook later in the day. Toshiba Corp. was once again under the spotlights, as

Last week recap: Dollar rises against the Yen; Gold falls below the $1,200

Last Friday, the Dollar firmed to six-week highs against the Yen, on track for weekly gains against most rivals as investors were waiting for US job data that are likely to reinforce expectations of a Federal Reserve interest rate hike next

Oil slides the most in more than a year while the Dollar strengthens on strong US ADP jobs data

Since Wednesday, the Dollar rallied against its peers after a surge in US private-sector jobs in February firmed expectations that the Federal Reserve will raise rates next week, pushing the benchmark US Treasury Yields to their highest since December 2016. The

Pharma, bank stocks pull Wall Street lower

Yesterday, US Stock prices closed lower as weakness in drug and financial Shares sent the S&P 500 and Dow Jones Industrial Average to their first consecutive sessions of declines in more than a month. Pharmaceutical Stocks came under pressure after US

Futures fall amid North Korea missiles; Trump wiretap talk

On Sunday, US Stock Index Futures fell amid news of North Korea’s firing of four ballistic missiles and President Donald Trump’s accusation that his predecessor, Barack Obama spied the premises of the Trump Tower through wires. US Stocks have climbed to

Sterling falls as the general mood turns gloomy

On Wednesday, Sterling edged lower to a six-week low of $1.2261 after a series of disappointing economic releases exacerbated the impact of the Dollar’s rally and suggested that the UK economy was beginning to suffer from the uncertainty around Britain’s planned

Stocks struggle as Trump offers few policy details, dollar firms on rate talk

Today, Stock Futures pared gains on disappointment that President Donald Trump did not offer further details on his plans for infrastructure spending and tax reforms, but the Dollar firmed on growing expectations of a rate hike this month. Trump pledged to

Samsung launches new tablets in flagship phone hiatus

On Sunday, Samsung Electronics launched two new tablets since being forced to remove the flagship Galaxy Note 7 smartphone after some of the devices caught fire. The Galaxy Tab S3 and the Galaxy Book were presented at the Mobile World Congress

Dollar steadies after slipping in reaction of Fed minutes

On Thursday, the Dollar recovered from overnight lows as the market digested the minutes of the Fed Reserve last policy meeting which kept the prospect of a March rate hike in play. The Dollar initially slipped on Wednesday after the Fed’s

Markets Overview: Dollar rises; Euro stays soft and Aussie slips

On Tuesday, the US Dollar strengthened against its peers taking its cue from higher US Treasury Yields, as investors are waiting for the minutes from the Federal Reserve’s latest meeting on Wednesday for signals to the pace of interest rate hikes.

Last week Recap: Pull-Back in Treasury Yields drags down Dollar

On Thursday, the Dollar weakened, posting its steepest one-day drop in over two weeks, due to lower US Bond Yields and doubts over the timing of the Fed’s next interest rate increase. Donald Trump’s first solo news conference on Thursday, where

Dollar pulls back after better US data and Sterling drops after wage growth slows

The Dollar retreated against its major peers on Thursday after rising to one-month highs, following the release of upbeat US economic data that revived expectations of an early rate hike by the Federal Reserve. Data on Wednesday showed US consumer prices

Yellen revives hopes for March rates hikes

Federal Reserve Chair Janet Yellen gave her semi-annual monetary policy report to Congress on Tuesday before the Senate Banking Committee highlighting the following: 1- Hawkish sentiments continues 2- Markets price in June rate rise and elevate expectation for March 3- Agreement

Oil prices dip as markets remain full despite OPEC-led cuts

On Monday, Oil prices slipped on signs that global fuel markets remained full despite OPEC-led crude production cuts that have been more successful than initially expected. Brent Crude Futures were trading at $56.55/b., down 15 cents from the previous close. West

Twitter advertising revenue falls; shares drop more than 10%

On Thursday, Twitter Inc. (TWTR.N) posted the slowest revenue growth since four years ago, sending its Shares down more than 10% on fears that Snapchat and Facebook Inc. (FB.O) were winning the war for advertising. Since last year, advertising revenues fell

Greece, the endless crisis in Europe

We might be getting closer to another critical moment between Greece and its international creditors, as on one side, Europeans are demanding the implementation of further austerity measures in exchange of new funds and on the other side, the Greek government

Sterling drops as BoE remains calm on UK inflation outlook

The British Pound fell against its major peers on Thursday after Bank of England (BoE) kept monetary policy unchanged while raising its forecast for British economic growth this year. Carney warned of the uncertainty over the Brexit, cautioning that “there will

Futures fall as Fed gives no clarity on next rate hike

On Thursday, US Stock Index Futures fell after the Federal Reserve gave minimum insight into whether it would raise interest rates at its next meeting, even as the central bank painted an upbeat picture of the economy. According to Reuters, the

Airline Stocks lose $4.9 billion as investors weigh travel ban

The Standard & Poor’s 500 airline index dropped 3.8% combined on Monday and Tuesday, five times the 0.7% drop in the S&P 500 as President Donald Trump’s travel ban wiped in two days $4.9 billion in market value for the country’s

Global Shares and Dollar retreat on Trump travel ban.

On Friday, President Donald Trump put a 120-day hold on allowing refugees into the United States, an indefinite ban on Syrian refugees and a 90-day block on Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen citizens. This led to Asian Share

Finance tax “within reach”, EU’s Moscovici says

On Thursday, European Union’s economics commissioner said that an agreement on a common financial transactions tax (FTT) was “within reach” among the 10 Euro zone countries willing to adopt it. The tax – 0.1% for stocks and 0.01% for derivatives —

Keystone XL boost sends Loonie soaring against peers

The Canadian Dollar surged after US President Donald Trump decided to advance the construction of the Keystone XL pipeline, which would help America shipping more crude Oil from Canada and maintain growth. The currency rallied as much as 1% to C$1.3106

Dollar slips after Trump’s protectionist speech

On Monday, after US President Donald Trump hit a protectionist tone in his inauguration speech, the Dollar slipped largely counterbalancing optimism that he will follow through on his promises of tax cuts and other stimulus. US Stock Futures dipped as well

Dollar Drops on Yellen Comments

The Dollar got weaker against major peers after Janet Yellen’s speech saying that it was prudent for the Federal Reserve to gradually adjust policy over time. Meanwhile, Gold climbed for a second day. Gold headed for a fourth straight weekly advance

Deutsche Bank signs $7.2 billion deal with US over risky mortgages

Deutsche Bank AG signed a final settlement with the US Justice Department over its sales of toxic mortgages in the run-up to the 2008 crisis, resolving one of its biggest litigation risks. The Justice Department said on Tuesday that the bank

Sterling slips on Brexit anxiety

On Monday, Sterling slipped to three-month lows in Asia markets having finished around $1.2175 in New York on Friday. It was last down 1.1% at $1.2044; while investors were again alarmed by concerns over Brexit. Regional share markets were uncertain with

Euro zone economy registering surprisingly strong growth

On Thursday, data showed that Industries across the Euro zone turned up production in November and Germany ended the year with its strongest growth in 5 years, which indicates an economic shot that may be arriving earlier than expected this year.

Gold hits highest in over one month

On Tuesday, Gold rose to its highest in over one month maintained by a weaker US Dollar and fears that Britain will not have a clean break with the EU strengthened safe haven buying. Gold advanced by 0.3% to $1,184.00 an

Australia forecasts dramatic drop in iron ore prices through 2018

Australia is forecasting an important drop in the price of iron ore — its most valuable export commodity — over the next two upcoming years to below actual market prices. According to the Department of Industry, Innovation and Science forecasts, iron

Sterling capitalizes on Dollar retreat after data lift

On Thursday, the Sterling rose against the Dollar with more upbeat data underlining UK economy’s post-Brexit resilience which helped the Pound make the most of a retreating greenback. The turnaround was completed as unspectacular weekly US jobs figures weakened the Dollar

European Stocks progressed on the first trading day of 2017

On Monday, the Euro Stoxx 50 Index grew 0.6% with the UK and Swiss markets closed for holidays. In Germany, the region’s biggest economy, the DAX Index increased 1% in its best day since mid-December. Italy’s FTSE MIB also jumped 1.7%

Shares in Toshiba fell more than 19% in morning trade on Thursday

According to Reuters, Shares in Toshiba fell more than 19% in morning trade on Thursday, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a potential multi-billion dollar write-down. Ratings agencies were

Japan consumer prices slump in November, While Crude Extends Rally

Japan’s Topix index swung between gains and losses after a three-day decline, as data showed core consumer prices, a leading indicator of nationwide price trends, dropped for a 9th straight month in November, suggesting that the economy still lacks enough momentum

Oil prices fall on US inventory build

Oil prices edged lower on Wednesday as the Energy Information Administration released a report explaining that US Stocks has risen unexpectedly by 2.3 million barrels last week. Furthermore, Libya’s National Oil Corporation (NOC) who’s already doubled output production to 600,000 barrels/day

Japanese Yen Eases As BoJ Keeps Policy Steady

Japanese Yen fell down against the US dollar in Asian sessions on Tuesday after the Bank of Japan (BoJ) decided to keep monetary policy steady, while US stocks were mixed after Federal Reserve Chair Janet Yellen’s positive comments. BoJ kept its

Stocks react as China seizes an underwater US drone in international waters in the South China Sea

Last Friday got lively as China seized unmanned US vessel sending oil higher, bonds yields and the Dollar lower and rattling equities. Reuters reported in late morning that a Chinese Navy warship seized an underwater drone deployed by an American oceanographic

US Dollar gains after Fed raises rates, and signals faster rate hike pace

The US Dollar strengthened by 1% and hit a 14-year high against major Currencies, mainly Euro, after the Federal Reserve decided on Wednesday December 14, to raise its benchmark Interest Rate, and upped its expectation for the number of rate hikes

Vienna Meeting : OPEC’s Historic Deal Discussion

OPEC announced a production cut for the first time since eight years. This announcement Pushed prices up by 8 percent in the international markets. Brent price rose by 8.4 percent to $ 51.3 a barrel, while US crude rose by 8.2

Yellen boosted trader’s confidence with expected rate hike in December.

US Federal President Janet Yellen confirmed that raising interest rates would probably be appropriate “soon” as long as the economy make progress. She added: “In the last Monetary policy meeting in November, monetary policy-makers decided that the conditions to increase interest

Apple’s Competitors pushed its Profits down

Apple announced its earnings and sales decline for the third consecutive quarter. The Giant Company in the field of technology has sold 45.51 million units of the iPhone devices in the three months through September, which was higher than the average

Weekly Market Update

The Monetary Policy Committee Meeting of the Federal Reserve showed that many of the bank’s policy makers believe that raising interest rates would be justified “relatively soon” if the US economy continues to improve. US stocks varied at the end of

OPEC: Waiting for November meeting

Petroleum Exporting Countries reached an agreement in Algeria for reducing oil production to a level between 32.5 and 33 million barrels a day. Qatari Energy Minister Mohammed Bin Saleh & Nigerian Minister of State for Petroleum Emmanuel Ebi Katcheko confirmed to

Fed cut interest rate expectations

European stocks fell in the early trading on Friday from their highest level in two weeks after the Federal Reserve’s decision (US central bank) to postpone raising interest rates. STOXX index 600 fell 0.4% after reaching its highest level on the

Putin: Freezing oil production is the right decision.

Oil prices fell by more than three percent on Thursday, heading toward its biggest weekly loss since January, with investors ignoring the conversations that might freeze OPEC production. Investors focused on government data issued on Wednesday showing an increase of 2.3

Weekly Market Updates

The Federal Reserve Board Meeting of the monetary policy committee for the month of July showed that some policy-makers who have the right to vote believe that there is a need to raise interest rates in the United States soon. The

Gold hikes as England cut rates

Gold started steady in Asian trading on Friday as investors await the job data in the United States. The price of gold rose 0.12 percent to $ 1362.45 per ounce. US Gold contracts increased 0.15 percent to $ 1369.40 per ounce.

Draghi encouraged investors & kept rates unchanged

European Central Bank President Mario Draghi considered that it is too early to assess the repercussions of the British vote in favor of their country’s exit from the European Union on the fragile economic recovery in the euro zone. Officials kept

Drop in US Oil Inventories

Oil prices rose, supported by a new drop in US crude stocks and a weak dollar, despite the oversupply of refined products and concerns about economic growth. Crude oil prices were influenced by the American Petroleum Institute, which showed a decline