Euro Edged Higher Against The Dollar Following Feds Minutes The Wall Street Journal reports that BNP Paribas will no longer finance shale and oil sands projects, as it is re-evaluating its relationship with the oil sector amid mounting pressure from investors and top financial institutions. By the close of the London Session, Sterling edged down…
ADP, PMI and ISM Data Looks to Alleviate Dollar Drop Recap After The Closing Bell, Tuesday OPEC’s biggest Oil producer, Saudi Arabia is looking at unprecedented deals to acquire Oil and Gas assets in Russia. The Euro edged slightly higher against the Dollar on Tuesday as Investors squared out positions following the 3-week rally. Analysts…
Market Focus: Last Trading Day of September It is the last trading day of the month. Major US Indices are poised to post solid gains for the month and the third quarter today, Friday, as Investors remain largely upbeat about the health of the US Economy and American companies. The Dow Industrials are up 2%…
Focus on US Housing Data and Consumer Confidence The Bank of Japan and the Federal Reserve lived up to expectations last week, and did not surprise the financial markets. The Japanese Yen traded marginally higher early Tuesday, after the BoJ’s Monetary Policy Meeting Minutes. The news from Germany is likely to refocus the attention of…
Hawkish Fed Sentiments Overshadowed By N. Korea, Brexit and German Elections Chancellor Angela Merkel has won a fourth term as the German Prime Minister, and is now expected to form a coalition popularly known as the ‘Jamaica Coalition’, with the Liberals and the Greens. Market Focus is now on German IFO Survey (September) and ECB…
Market Focus – USD Slips Ahead of FED Policy Meeting President Donald Trump used his first address to the United Nations yesterday Tuesday, to call on world leaders to form an alliance to confront North Korea and Iran, the countries his administration sees as the greatest threats to global security. Meanwhile, the two-day Federal Reserve…
Market Focus – US PPI, BoE Monetary Policy Meeting and China Data Equity Markets were mostly lower last week. Investors remained cautious and even risk averse after North Korea’s Hydrogen Bomb Test. The horrific damage to the Caribbean Islands from Hurricane Irma on the heels of Hurricane Harvey. More doubts are building about whether the…
Market Focus – EURUSD Stronger On Draghi Speech Fed Chair Yellen will be speaking about “Financial Stability” this year at the Jackson Hole Symposium on Friday (August 25, 4:00 pm GMT). The ECB has confirmed that Draghi will be speaking also on Friday (August 25, 7:00 pm GMT). Around the Gulf region, other Middle Eastern…
Market Updates: Last Week’s Forex Performers and this Week’s Market Catalysts The last bit of this past Trading Week was full of Economic Data from various Global Eonomies, mixed with news of terrorist violence, Korean – Washington issues, and upheaval at the White House. With Investors wondering if Trump can improve confidence in his leadership,…
Market Update: Forex, Precious Metals, Interest Rates and Brexit Brexit Update As UK’s Prime Minister May returns from the Summer Break, the EU appears open to a stopgap arrangement, but argues that other matters such as Citizens’ Rights and the Brexit Bill need to be resolved first. On the other hand, the case for the…
