Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
pcm brokers pcm brokers
Page 86 of 89 FirstFirst ... 36768485868788 ... LastLast
Results 851 to 860 of 881
  1. #851
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 10 Aug 2018

    • Escalating geopolitical tensions drove risk-off sentiment in equity markets
    • Strong USD demand prompted EURUSD and GBPUSD to break through key support levels
    • TRY and RUB are notable underperformers amid diplomatic tensions


    Asian stocks traded lower overnight, while European and US equity futures also came under pressure amid a general risk-off sentiment due to escalating geopolitical tensions. In FX, the Bloomberg USD Spot Index is close to 13-month highs, and TRY and RUB underperformed
    EURUSD broke below 1.1500 this morning amid strong demand for USD, driven in part by a sell-off in EM. The key focus today in terms of data is US CPI at 13.30
    GBPUSD is also under pressure this morning, breaking below 1.2800. Focus this morning will be on UK Q2 GDP data at 09.30
    USDTRY spiked by 13% to new record highs breaking 6.3000 this morning amid low liquidity and ongoing concerns about the diplomatic tensions with the US. Further headlines will be watched closely today, in particular any reports of potential intervention by the CBT
    At 12.00 markets also focus on the release of Turkey’s New Economic Model
    Russia’s Prime Minister Medvedev reportedly stated that any US move against Russian banks equates to a declaration of economic war (Reuters), just after the US announced new sanctions on Russia on Wednesday. The escalating tensions continue to drive RUB depreciation

  2. #852
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 13 Aug 2018

    • TRY sell-off dominated global risk-off sentiment last week
    • Flight to safe havens prompted rally in USD, JPY and CHF
    • EURUSD hit 1-year low on concerns about TRY decline


    Last week saw significant volatility in emerging markets, led by a sharp depreciation of TRY as diplomatic tensions between Turkey and the US worsened. The risk-off sentiment also negatively impacted INR, IDR and ZAR in particular and global equities closed in the red across the board
    Safe havens including USD, JPY and CHF rallied towards the end of the week on the back of the increased geopolitical risks
    TRY sold-off aggressively last week and hit new record lows on Friday after US President Trump authorized a doubling of tariffs on steel and aluminium imports from Turkey. Weekend headlines of potential “new financial tools” increased uncertainty and has caused TRY to weaken further, with USDTRY spiking above 7.000 overnight. Focus is on any political developments and potential CBT intervention
    EURUSD hit a one-year low trading below 1.1400 this morning on reports that ECB officers are concerned about European banks’ exposure to Turkey (Financial Times)
    While we have a number of important E19 data releases this week, including IP, GDP and inflation, EURUSD will likely be driven by general risk sentiment and EM volatility
    In the UK, GDP grew by 0.4% in Q2 in line with expectations. Overall, however, the print was on the weak side, with activity slowing in the last month of the quarter, driven by services. The effect on GBP was limited, as FX was mainly driven by EM volatility and flight to safe havens

  3. #853
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 14 Aug 2018

    • Global risk-sentiment started to recover overnight
    • EURUSD and GBPUSD recouped some of yesterday’s losses
    • TRY likely to remain volatile


    European equities opened higher this morning as global risk sentiment started to recover and concerns over Turkey and contagious EM weakness seem to have eased somewhat; meanwhile Asian equities were mixed, partially suffering from some disappointing Chinese economic data
    Chinese retail sales and industrial production missed expectations and investment growth fell to a record low in July
    The stabilisation of risk saw safe-haven demand wane, with the USD Bloomberg Spot Index and JPY weaker, while UST yields are higher this morning. The easing of EM-related concerns also prompted a rebound in EURUSD and GBPUSD
    Today we have UK employment and E19 GDP data, however risk / USD sentiment will likely remain the overwhelming market driver
    USDTRY saw another volatile session yesterday amid ongoing political turmoil and some headlines that the CBT will provide liquidity (Reuters). This morning, USDTRY fell by more than 5% so far
    Barclays Research thinks “Turkish assets are likely to remain under pressure … as recent events argue for a continued build-up in risk premia in the TRY and long-end bonds”

  4. #854
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 15 Aug 2018

    • US equities traded higher yesterday, but their Asian counterparts were mixed
    • GBPUSD and EURUSD fell to 13-month lows this morning
    • Data releases showed mixed performance in the UK and the Euro Area


    US equity markets rose yesterday as volatility surrounding Turkey eased somewhat, however Asian shares had a mixed performance overnight, still weighed down by disappointing Chinese economic data and general concerns over China’s slowing economy
    In FX, TRY recovered some of its recent losses, with USDTRY approaching 6.000 this morning. However, the geopolitical tensions between Turkey and the US continued drive a risk-off sentiment and the USD Bloomberg Spot Index rose for the fourth consecutive day as a result
    AUDUSD led losses within the G10 group, trading at its lowest level since January-17
    GBPUSD dipped below 1.2700 and EURUSD fell to a 13-month low this morning amid general USD strength. Today we get UK inflation data at 9.30 and Brexit talks are due to resume tomorrow, but FX will likely be vulnerable to the broader risk sentiment
    Data releases came in mixed yesterday. The UK’s June Labour Report showed that unemployment fell to 4%, the lowest rate since 1975, but wage growth continued to decelerate. In the Euro area, Q2 GDP was revised up to 0.4% q/q supported by German Q2 growth surprising to the upside, however June Industrial Output data came in below expectations

  5. #855
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 16 Aug 2018

    • Global equities dropped yesterday amid escalating geopolitical tensions
    • USD rally was halted by overnight headlines of potential Sino-US talks
    • TRY stabilized somewhat due to increased banking regulation


    Global equities dropped yesterday amid escalating geopolitical tensions as Turkish President Erdogan announced retaliatory doubling of tariffs on a selection of US goods. Asian equities remained generally depressed despite overnight headlines that China intends to take up trade talks with the US in late August (Reuters)
    Materials companies were further dragged down by a slide in commodity prices. WTI crude slipped to a 10-week low yesterday in reaction to a surprise increase in U.S. stockpiles
    In FX, the heightened geopolitics tensions combined with stronger than expected US retail sales data, ensured the continuation of the USD Bloomberg Spot Index rally during yesterday’s session. However, the index traded lower overnight on hopes of Sino-US talks which saw CNH jump c. 1% vs the USD
    In data, UK inflation rose for the first time since Nov-17 to 2.5% y/y in July from 2.4%, which was in-line with expectations. The data had little impact on GBP, with Sterling’s 0.3% decline over the day mainly a result of general USD strength
    TRY stabilized somewhat yesterday after the banking regulator introduced measures to limit selling of TRY. Turkish assets were also helped by Qatar’s pledge to invest $15bn
    The regulator cut the limit on lenders’ swap and swap-like transactions to 25% of shareholder equity, from 50%, thus deterring shorts

  6. #856
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 17 Aug 2018

    • Global equities were mostly higher yesterday on Sino-US trade talk hopes
    • Norges bank is ready to hike in September, Banxico remains cautious
    • US data remains solid overall, although downside surprises keep slowly mounting


    Global equities mostly gained yesterday on back of the news that US-China trade talks will re-start on August 21-22, following a two-month hiatus. Share prices remained generally buoyant during Asia’s trading session despite fears of additional US sanctions on Turkey (Bloomberg)
    In FX, the USD Bloomberg Spot index traded lower for a second day while AUD and NZD gained amid the Sino-US trade talk hopes. The notable underperformer was ZAR which fell more than 1% on proposals by the far left party to nationalize the central bank
    TRY continued to gain yesterday although headline risks remains, specifically around the potential introduction of further tariffs
    Norges Bank kept its policy rate on hold and its rhetoric unchanged as expected, confirming its intention to deliver a rate hike in September. Banxico on the other hand remains cautious, closely watching core inflation, MXN behavior and ongoing NAFTA negotiations
    US data remains on a solid footing, although we have seen some downside surprises. While the labour market remains strong, housing starts continued to disappoint in July, following a weak report in June

  7. #857
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 20 Aug 2018

    • Last week ended with an upward momentum on Sino-US trade talk hopes
    • Brexit negotiations remain focus for GBPUSD
    • FOMC minutes and Jackson Hole symposium this week


    Last week saw most markets under pressure, with particularly substantial falls in TRY, Asian stocks markets, and across the commodity space. Nonetheless, the week ended with an upbeat tone after it was reported that Sino-US trade negotiations are due to start on 20th August
    In FX, the news of the China-US meeting saw the USD Bloomberg Spot Index reverse some of its recent gains. However, the US is scheduled to impose 25% tariffs on USD16bn of Chinese imports on Thursday, so markets will likely be exposed to increased headline risk
    GBPUSD traded in a relatively tight range last week, mainly dominated by broad USD price action. Focus will likely remain on Brexit, with negotiations potentially picking up pace this week, as the UK’s new Brexit Minister Raab is due to meet with EU Brexit chief Barnier in Brussels on Tuesday
    Our traders currently see GBPUSD support at 1.2645-60 while resistance lies at 1.2835
    Turkey’s credit rating has been revised downwards by both Moody’s and S&P Global Ratings amid significant currency volatility and unpredictable policy making. Today TRY will see only a half day trading with the market shut for the rest of the week due to Turkish holidays
    Looking ahead, focus will be on the FOMC minutes (Wednesday) and the Jackson Hole symposium (Thursday to Sunday). Barclays Research expect Fed Chair Powell’s speech to provide guidance on how the Fed is incorporating the emerging contagion into its reaction function

  8. #858
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 21 Aug 2018

    • Global equities printed modest gains yesterday
    • US President Trump’s criticism on the Fed’s hiking cycle weighed on the USD
    • Focus on the Raab-Barnier Brexit meeting today


    Global equities traded higher across the board yesterday as markets found some respite after last week’s turmoil. In FX, the USD Bloomberg Spot Index fell after US President Trump reportedly complained about the Fed’s interest rate increases and accused the EU and China of manipulating their currencies (WSJ, Reuters)
    EURUSD rallied amid the general USD weakness breaking above its recent resistance level of 1.1500/1.1530 overnight
    Atlanta Fed President Bostic reiterated the Fed’s gradual path towards neutral rates in yesterday’s speech and Barclays Research expect further Fed communication this week (FOMC minutes, Jackson Hole) to be consistent with gradual interest rate hikes
    GBPUSD traded higher yesterday with no initial catalyst other than a spike in GBP Futures. Trump’s criticism on the Fed’s hiking cycle supported GBPUSD further. Today the UK’s new Brexit Minister Raab meets with EU Brexit chief Barnier in Brussels which could provide further headlines
    Our traders currently see GBPUSD support at 1.2625, while resistance lies at 1.2920. EURGBP remains within the 0.8900-0.9000 range for now
    RBA meeting minutes reiterated that the next policy move will be upwards as expected, however focus was mainly on Trump’s Reuters’ interview supporting a stronger AUDUSD overnight

  9. #859
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 22 Aug 2018

    • Global equities broadly higher with the S&P hitting record highs yesterday
    • Raab-Barnier meeting suggests that time may be running out for Brexit negotiations
    • Focus on the FOMC minutes at 19.00 today and Jackson Hole until Friday


    Global equities traded mostly higher yesterday, and the S&P 500 hit an all-time high amid a positive risk sentiment in markets. However, S&P futures fell and Treasuries rose after US President Trump’s former lawyer Cohen pleaded guilty to illegal campaign finance charges
    Today’s focus could shift back to trade negotiations as China and the US are due to meet and the latest set of US tariffs is due to be implemented
    In FX, the Bloomberg USD Spot Index continued to fall for the fifth consecutive day. Today markets will watch August FOMC minutes at 19.00 although the main focus is arguably on Jackson Hole and Powell’s speech on Friday
    In the UK we saw the meeting between the UK’s new Brexit Minister Raab and EU Brexit negotiator Barnier who agreed that the October Summit may be too short and an emergency summit in November may need to be considered (Bloomberg)
    While this could have arguably fuelled Brexit concerns, GBPUSD continued to rally breaking above its resistance level of 1.2920 amid a generally weaker USD
    Elsewhere, headlines that a bilateral agreement between Mexico and the US would be announced on Thursday saw MXN and CAD strengthen vs the USD, but gains were reversed when Mexico denied the existence of such a deal (Bloomberg)

  10. #860
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,919
    Post Thanks / Like
    Credits
    26,359
    My Language
    English

    Market Review - Fundamental Perspective - 23 Aug 2018

    • Global equities were mixed yesterday amid new China-US trade tariffs
    • FOMC minutes pointed to another rate hike in September
    • Focus on E19 “Flash” PMIs at 09:00 and Jackson Hole


    Global equities were mixed yesterday while risk sentiment suffered from the news that the US and China implemented 25% of tariffs on $16bn on each other’s goods. Nonetheless, the S&P continued its longest upward run on record
    Barclays Research views the “new tariff actions as signaling no material easing in the risk of a 'full-blown' trade war”
    In FX, the Bloomberg USD Spot Index rose overnight for the first time in six days. Yesterday’s FOMC minutes did not provide any materially new information and pointed to another 25bp increase in the target range for the federal funds rate at the September meeting
    Today’s focus is on the Jackson Hole Summit
    GBPUSD was little changed yesterday although the “no deal” Brexit rhetoric continues as the Government starts to release 90 separate papers on what a “no-deal” Brexit would mean. Today markets will watch a speech by UK Brexit Minister Raab
    Our traders see GBPUSD support at 1.2830 ahead of 1.2645 while resistance lies at 1.2940. EURGBP remains trading in the 0.8900-.09000 range
    Elsewhere, AUDUSD dropped by c.0.9% amid political uncertainty around PM Turnbull, after three of his key cabinet supporters resigned overnight and backed rival Peter Dutton to become the next liberal leader and prime minister

  11. ARIONFORXtarder
  12. Thanks PCMAnalyst thanked for this post
 

 
Page 86 of 89 FirstFirst ... 36768485868788 ... LastLast

Similar Threads

  1. Fundamental View
    By Samirofi in forum How Prices Moved After News Came Out
    Replies: 283
    Last Post: 01-28-2016, 10:57 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.4
Copyright © 2018 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 03:14 AM.
CompleteVB skins shared by PreSofts.Com