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Risk Constructive Ahead of Important US Job Report

Europe closed in mixed territory yesterday following a lower PPI and an ECB which turned out to be a non-event as expected. Strikes and flooding in mainland Europe also had an effect, leading to the DAX just managing to take home gains, whereas the CAC40 and FTSE100 lost ground. In the US, markets were bid, […]

Euro sign at European Central Bank headquarters in Frankfurt, Germany with dark dramatic clouds symbolizing a financial crisis

USD strength losing steam – EURUSD back above 1.12 pre ECB

Recently the macro figures coming from the US economy have been supportive of a near term rate increase, but the market got caught off guard yesterday as the Construction Spending came out significantly lower than expected. ISM and Markit manufacturing PMIs came out pointing in each direction, so we cannot conclude anything from that. However, […]

Hand throwing 2 dice with currency symbols. Concept for financial advice, trading, markets. Strong depth of field.

Rangy Markets on UK Holiday – more USD bids to come?

With UK Bank Holiday on Monday, markets were relatively rangy with the US Dollar stabilising against peers, less the JPY and risky assets continuing higher. US equity markets, closing 0.3-0.7% higher, were led by financials and the S&P50 managed to take home its fourth daily gain in a row. In Europe, Euro Stoxx 50 closed […]


Risk in positive ahead of US GDP, Fed Chair Yellen

Equities were mixed and the US Dollar Index was sent lower for a second day in a row on Thursday on back of mixed signals from the US economy. Oil tested the $50/barrel, but got rejected and is currently back below $49. Fixed income yields fell across the board with emphasis on the US. Gold […]

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US Housing Strikes Back – Risky assets bid

Markets were in a positive mood on Tuesday on back of strong US New Home Sales, which rallied 16.6% against 2% expected, adding good ingredients for investors risk appetite. US benchmark indices closed 1.2-2.0% higher, led by financials,  with S&P500 bounced the neckline in the daily H-S formation and the good mood followed through in […]

Roadsign of higher interest rates ahead against blue sky

Hawkish Fed Speakers send Risk on the offer – H-S in S&P

Following a good finish for the week in global markets, Monday’s price action was negative on back of hawkish comments from Fed speakers (Bullard in particular mentioning that if interest rates were kept too low, for too long time, it would hurt the economy) about the US monetary policy and potential rate hike in June. […]

Dollar vs Euro

Euro zone PMI and FED speakers in focus

Markets finished on a positive note on Friday on back of strong US Existing Home Sales, giving a boost to US equities with Nasdaq taking home 1.2% and the S&P500 0.6% with healthcare and financials leading the pack. Overnight, Asian indices opened in positive, but despite overall supportive Japanese figures, the markets have been focusing […]

American Dollar Bills rolled up with a thread on the wooden background

FOMC Hawks send Risky Assets on the Offer

US equities traded higher ahead of the FOMC, but was hammered following the minutes from the April meeting, which revealed a more hawkish tone than expected. This has reignited rate speculation that the Fed potentially will have a rate increase installed for the June meeting (against September), assuming that the US will continue show a […]

Dollar, euro, pound, yen signpost

JPY Bid on Strong Japanese GDP. FOMC Minutes in Focus Today

Despite upbeat figures from the US economy on Tuesday, markets closed in negative with leading indexes down around 1% (S&P -0.9%, Dow -1%, Nasdaq -1.3%). Fixed income yields were bought on back of renewed rate speculation in the US sending the US Dollar on the bid as we had anticipated. US Housing Starts, CPI and […]

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Risk supported by 6-months high oil prices – Inflation in focus today

While some markets in Europe were closed yesterday, global risk taking was on in equity markets. US markets closed about 1% higher and the US dollar sold off, less the JPY and the GBP was in demand ahead of the inflation data today, which is expected to be supportive for the Sterling following recent BoE statements. […]