Stock market index. The word "S&P500" is lined with gold letters on wooden planks. 3D illustration graphics

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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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 […]

JOB, message on vernier caliper, 3D rendering

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, […]

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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 […]

Missing piece from a European jigsaw puzzle revealing the British flag

Will UK GDP take the GBP to 2016 highs?

Risk taking was decent on Wednesday in both the EU and the US, on back of positive German IFO figures as well as a rise in oil prices, which recently has proved to trigger positive equity markets. Energy and Basic Materials led the gains with Transocean (+9.65%) and Chesapeake Energy (+7.41%) leading the S&P500. The […]

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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 […]

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Risky assets in bullish mode – oil closing above $40/barrel, printing new 2016 highs

Good morning, Global equities were boosted yesterday as investors reallocated from safe haven instruments on back of a solid increase in Chinese exports. The US dollar was well bid against most peers and this has continued overnight with JPY losing ground as PPI came out lower than expected, sending USDJPY back above 109 this morning […]

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Oil pushing back above $40 on a draw in inventories, China in focus this week

Good morning, Risky assets finished last week on a bullish note at the US close, and Asia has followed suit this morning with risk still being on the bid. FX markets are seeing further appreciation of the JPY across the board  – USDJPY has this morning printed new 2016 lows at 107.62 and there have been […]

Money

US labour market remains strong – Commodity currencies under pressure

Following an upbeat US Labour Market Report for March, risky assets in the US enjoyed a positive mood which this morning has continued in Asia, less Japan. China is closed today for Tomb Sweeping Day. A weaker than expected Australian Retail Sales for February has overnight sent the AUD lower across the board and AUDUSD is back below […]

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Market Jitters ahead of US Job Report

Weak macro data in Asia sent equity markets lower and this has been mirrored so far in the European session. Although Chinese PMI came out better than expected at 50.2 and showing an expansion in the sector for the first time in eight months, Japanese Tankan fell more than expected which outweighed the positive Chinese […]