The Market today seems to be plagued by the same ills as the week which preceded it and some new spice. The USD remained susceptible to the US-China Trade war as with other major currencies, shooting guns. Coupled with other local geopolitical pressures such as OPEC+ meeting summary, Election in Turkey. Brexit and the 27th World Gas […]
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Capricious Oil & British Pound pounding
In anticipation of the Bank of England’s Rate Decision which is to be delivered at 12:00GMT, investors are cautiously monitoring developments of the GBP in its downtrend after dropping to 7- months lows on Wednesday to 1.3145. GBP/USD had shed -024% by 07:31 GMT, ranging between 1.3125 – 1.3178. The slight corrections came as […]
G-7 Summit weighs on Market sentiment.
With the G7 summit set for today and Saturday in Charlevoix Quebec uncertainties are abound, triggering risk-off mode coupled with Friday’s profit-taking. The US Yields dropped pulling with it the USD from 3-week highs. Meanwhile, Asia shares shrugged on the ECB’s possible decision to cut back it Quantitative Ease policy of Assets purchasing and trade […]
Investors seek shade, Italy weighs.
A very busy calendar day with a deluge of reports coming out of the EU and US. The reports are set to cause a fair degree of volatility. Sending assets in and out of gains With the Italian political saga weighing global stocks plummeted. Dow Jones was down nearly 480 pips as the big banks […]
U.S Non-Farm Payrolls & Profit Taking.
Market participants are anticipating the day’s release of the U.S. Governmental payrolls report (NFP) with the expectation of at least 86,000 additional new employees. Forecasts suggest 189k vs 103k from the previous month with upside trends for the USD. The report comes on a day when investors seek profit-taking ahead of the weekend. Thus amid […]
Wednesday Oil Day and FOMC Rate Decision
The market teams up as investors take their positions in light of various events scheduled for the day, namely the US private sectors employment report known as the ADP, Automatic Data Processing a prelude of the (NFP) Non-Farm Payrolls due on Friday. The latter is a governmental employment report. The weekly crude oil inventories due […]