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Fed on hold as expected – JPY pairs collapse after no action from the BoJ

Markets had been range trading ahead of the Federal Open Market Committee’s decision as there were doubts on how the recent terrible US unemployment report would affect the outlook in the US economy. With the decision to keep rates on hold and place quite a dovish statement with a few downgrades on growth and the […]

Bulle und Br vor hellem Hintergrund

FX Majors rangy, stocks bounce back ahead of FOMC

On Tuesday, markets were trading sideways to lower on back of Brexit concerns and the important Fed meeting, taking place this evening. DAX has hit our first target from our Orderbook in our weekly update. Market participants have scaled back the expectation of a rate hike in light of the recent US employment report, which […]

FTSE 100 UK index crash arrow going down stock exchange falling bear market concept.

Markets lower ahead of Central Bankers – FTSE taking out key support

Global stocks dipped for a third day in a row with drops in technology and Consumer Non-Cyclicals outweighing gains in Energy and Consumer cyclicals. There was no macro data of importance on Monday, so market players were positioning themselves for the FOMC on Wednesday as well as being alert to any news concerning the BREXIT […]

Bearish road sign

Markets in Negative Ahead of Key Week

Markets turned negative on Friday on back of increased uncertainty following new polls from the Brexit referendum showing a majority in favour of a leave. US markets fell with energy and financials taking the S&P 0.9% lower and not managing to close above trend resistance projected from the all-time highs. The USD rose across the […]

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S&P is flirting with trend resistance – EURUSD with engulfing patterns

On Thursday, European stocks lost for second day in a row and looks to end the week with a loss for the second week in a row. Especially Financial and Utilities have been under pressure. In the US, markets are also looking fragile, but the S&P is resilient and flirting with trend resistance projected from […]

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European Markets Are Trading Lower – US Dollar under selling pressure

European stocks markets are trading lower today. EuroStoxx is falling 1,9%, followed by DAX, -1,32%. In the forex market, the US Dollar continues to suffer from fresh selling pressure against the euro while “Brexit” worries spurred widespread weakness in the British Pound. The EURUSD pair extended its rally beyond 1.1400. Regarding GBPUSD, the pair is […]

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Oil eyeing 2015 Q3 highs, USD-index in 5-week lows

EU markets closed in positive on back of solid GDP figures and decent figures from the China Foreign Reserves. US markets were more or less in neutral with a slight positive bias with energy and telcom leading the markets higher. S&P took home gains for the second day in a row and has closed above […]

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US Dollar Remained Weak: Global Uncertainty Justifies Slower Path of Rate

US dollar has remained weak in the Asian trading session following yesterday’s speech from Fed Chair Yellen, which signalled more caution over rate hikes in the near-term. “Given the risks to the outlook, I consider it appropriate for the committee to proceed cautiously in adjusting policy,” Yellen said. Besides, she adds: “The major thing that’s […]

WEEKLY-3

Weekly Marketscope

▸With US Payrolls showing a significant disappointment at 38K last week, we expect the major theme for the upcoming week is further talk of a June rate hike by the FED now being off the table. This should leave the currency markets with further drops in the US dollar, unless FED Chairman Yellen can convince […]

Seal peligro Unemployment

US job report disappoints miserably – what’s next Yellen?

The US May Job report came out with mixed signals, but the market focused on the extremely weak NFP figure, coming out only at 38k vs. consensus at around 150k. The US Dollar index tumbled 1.6% on Friday with EURUSD down 1.9% and USDJPY 2.2%. Equities in the US closed in negative, despite the weak […]