Today is PMI Day. Speculator and hedge-fund net short positioning on the USD have risen to the highest number of contracts since 2013. The big event for markets this week is Wednesday’s Federal Reserve decision, with a Bloomberg survey showing that no change in policy is expected. In a broader perspective EURUSD broke the 1.16 level…
With the landslide victory of Macron’s Party, things are looking good for the Markets and the Euro. Foreign Exchange, Stocks and Commodities Market reaction to political developments in France and Italy was best seen with the yield spread of 10-year bonds with respect to German bunds, the region’s benchmark of “risk-free” debt. Market Focus is…
Sterling rose strong against the Dollar Tuesday after stronger than expected April Manufacturing PMI figures. London’s FTSE 100 closed 0.6% higher. Euro traded higher during the London Session, Swiss Franc struggled, Yen broke the resistance at some point. By the Wall Street Session, Investors’ focus seemed to make a shift, more toward the anticipation of…
EU Ministers meet at Luxembourg today to discuss Brexit negotiation guidelines. Britain of course, odes not expect to get all that it wants, but Brexit Secretary David Davis is optimistic that a global Britain will always welcome the best and the brightest. Wall Street Journal reports that the Trump Administration said it was no longer…
“…Increased Infrastructure spending won’t do the trick when it comes to stimulating US Economic Growth….” – Neel Kashkari’s comments yesterday. The Markets and Investors seem to have shrugged off his comments, as dovish as they sounded. Investors instead, seem to be focused on ECB Meeting Thursday, and the EuroZone’s QE Program. As US Labor Markets also…
Tokyo Session Monday saw the Euro advance sharply as Macron; the market-friendly candidate won the first round of French elections. Investors hope for a Macron occupation of the Elysses. Safe-haven Yen edged lower across board, likewise Gold and the commodity currency XAUUSD. Bank of Japan (BOJ) Outlook Report and Monetary Policy decisions on early Thursday,…
Prevailing geopolitical uncertainties weighed on market sentiments Tuesday. As Investors looked forward to the US Housing Starts, Building Permits and Industrial Production during the Tokyo Session, the Euro strengthened against the Dollar while the Yen weakened. Sterling edged higher and the Australian Dollar nose dived. The New Zealand having hit a 2 week high Monday,…
Tokyo Session Monday saw the Euro advance sharply as Macron; the market-friendly candidate won the first round of French elections. Investors hope for a Macron occupation of the Elysses. Safe-haven Yen edged lower across board, likewise Gold and the commodity currency XAUUSD. Bank of Japan (BOJ) Outlook Report and Monetary Policy decisions on early Thursday,…
Trading The US Producer Price Index (PPI) (MoM) (Mar.) The US PPI Data Month-on-Month for March, is due 8:30 AM ET Thursday. The Producer Price Index (PPI) is a major market catalyst. It measures the change in the Price of Goods Sold by Manufacturers. It is a leading indicator of Consumer Price Inflation, which accounts for the…
French Elections, Korean Peninsula, Chinese markets liquidity squeeze, anticipated tighter monetary policy by the Feds, all have become major concerns fro Investors. Indices traded flat for the most part of the London Session and Asian Indices retreated. Euro strengthened against the Dollar, the Yen followed suit. Sterling advanced, Swiss Franc advanced and Australian Dollar gained….
