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 89 of 91 FirstFirst ... 39798788899091 LastLast
Results 881 to 890 of 903
  1. #881
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 21 Sep 2018

    • Global equities rose yesterday amid improving risk sentiment
    • General USD weakness but USDJPY outperformed overnight
    • Stronger-than-expected UK data helped fuel GBPUSD rally


    Most global equities rose yesterday and the S&P 500 hit a new record high on the back of relief the recently announced US-China trade restrictions may not be as damaging as initially thought. In FX, the USD Bloomberg Spot Index fell amid the improving risk sentiment
    The shift in risk sentiment also hit JPY which reached a two-month low vs the USD this morning
    AUDUSD rose yesterday after S&P raised Australia’s sovereign ratings’ outlook
    GBPUSD was supported by an upside surprise in UK retail sales data which increased the market’s expectation of BoE rate hikes in 2019. The data print coupled with general USD weakness helped GBPUSD to rally up to 1.3298 yesterday
    With regards to Brexit, language from EU officials at the Salzburg Summit showed little appreciation of progress in negotiations (Reuters) and markets will likely continue to watch any further headlines
    Our traders currently see GBPUSD support at 1.3200 while resistance comes in at 1.3300. EURGBP support is at 0.8850 while resistance lies at 0.8910 and 0.8935-55
    In EM, Turkey’s Medium Term Plan was encouraging in terms of fiscal tightening and growth targets, however did not meet expectations regarding the support for banks to address “bad” USD-denominated debt; USDTRY closed the day modestly lower after a volatile session
    Elsewhere, ZAR rallied vs the USD after the SARB’s took a hawkish stance in its monetary policy statemen

  2. #882
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 24 Sep 2018

    • Risk sentiment tentatively recovering amid hopes of improving trade relations
    • USD came under pressure, while NZD outperformed overnight
    • GBPUSD was weighed down by further Brexit concerns at the informal EU Summit


    An improvement in risk sentiment prompted most global equities to rise throughout last week, and also drove a short-term retracement in the USD Bloomberg Spot Index. However, this weekend’s headlines that China cancelled trade talks with the US (Reuters) coupled with the fact that the US tariffs on $200bn of Chinese goods started today, have reinforced trade concerns at the start of the week
    GBPUSD dropped below 1.3100 on Friday, reversing all of the gains it made during the week. The EU summit in Salzburg brought back negative Brexit rhetoric, with PM May reiterating that “no deal is better than a bad deal”
    Brexit commentary will likely to continue to drive GBP sentiment, especially as the Labour party conference started over the weekend and the Conservative party conference will take place on 30th Sep- 3rd Oct
    Focus is also on central bank meetings, with the FOMC taking place on Wednesday. Barclays Research believe the meeting is unlikely to spark a USD rebound given “a 25bp rate hike for this meeting is priced in, and we do not expect changes in the median path for policy”
    In EM, several central banks have stepped in to counter currency weakness, with both the CBT and the CBR hiking rates
    This week, Barclays Research expect more central bank tightening, with the BSP (the Philippines) likely to raise its policy rate by 50bp, and Bank Indonesia likely to deliver another 25bp hike

  3. #883
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 25 Sep 2018

    • Renewed trade concerns weighed on risk sentiment
    • Brent crude prices surged amid reports that production may not increase
    • GBP started the week with a bid tone following Friday’s losses


    Most global equities traded lower yesterday after US tariffs on $200bn worth of Chinese goods started. Risk sentiment was further dampened overnight after China criticized the US administration and suggested that it would be difficult to proceed with any trade talks with Washington (Reuters)
    Political uncertainty increased further on reports that US Deputy Attorney General, Rosenstein may resign, but he is now due to meet with the President on Thursday (Bloomberg)
    The USD Bloomberg Spot Index traded higher amid increased safe haven demand
    Notable moves were seen in the commodities space as Brent crude prices rallied to above $81/ bbl, its highest level since 2014 further to reports that OPEC members may not increase production (Bloomberg)
    GBPUSD recovered some of Friday’s losses supported by news of potential underlying flow from the Comcast/ Sky M&A and more positive Brexit rhetoric from Tusk and Merkel. GBP was also bolstered by reports that there is support from some within the labour party for a 2nd referendum on Brexit
    Focus will continue to be on Brexit headlines today with a debate expected to be held at the labour conference on the topic of a potential 2nd Brexit referendum
    EURUSD saw a short-lived rally yesterday after hawkish comments by ECB President Draghi regarding a “relatively vigorous pickup in underlying inflation”
    In Japan, the BOJ minutes suggested that forward guidance would likely counter recent speculation that the central bank would move towards a policy exist. USDJPY reached a two-month high as a result and is approaching 113 this morning

  4. #884
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 26 Sep 2018

    • Asian equities traded higher overnight as markets shrugged off trade war concerns
    • GBPUSD rose yesterday despite contradictory Brexit headlines
    • Today’s focus is on the FOMC at 19.00 BST


    US equities saw a mixed performance yesterday. When US President Trump asked all nations to “isolate Iran’s regime” there was short-lived drop in many stocks. Asian equities rose overnight as markets seemingly shrugged off trade war concerns. Oil prices remain near 4 year highs
    In FX, the USD Bloomberg Spot Index traded marginally lower yesterday, little influenced by US consumer confidence hitting 18-year highs
    NZDUSD spiked overnight after business confidence rebounded from its decade-low in September, reversing earlier losses due to a weak trade deficit
    GBPUSD rose throughout yesterday but remained below 1.3200. The Labour Party conference made new headlines with regards to the possibility of voting down a “vague” deal, while PM May expressed her confidence that there will not be a 2nd referendum
    Focus is on the Fed’s monetary policy meeting at 19.00 BST for which markets are almost fully pricing in a 25bp rate hike. The FOMC will also release its updated dot plot indicating its rate projection to 2021
    Barclays Research do not expect changes in the median path for policy in the Summary of Economic Projections (SEP) or any changes to the forward guidance language

  5. #885
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 27 Sep 2018

    • US and Asian equities traded lower amid continued US-Sino tensions
    • The Fed raised interest rates as expected
    • EURUSD dropped this morning on concerns over Italy’s budget


    US and Asian equities traded mostly lower yesterday and overnight amid headlines that US President Trump accused Beijing of trying to manipulate the US congressional elections in November (Bloomberg). Additionally, President Trump reportedly rejected a meeting with the Canadian PM Trudeau (Bloomberg) which saw CAD fall vs the USD
    The Fed raised interest rates yesterday as expected by 0.25% to a range of 2.00-2.25%. EURUSD initially experienced some whippy price action after the Fed changed its language, removing the reference to “accommodative” policy; however, this was later talked down by Fed Chair Powell, who explained that “this does not signal any change in the likely path of policy” (Bloomberg)
    This morning, EURUSD dropped following reports that the Italian government may not deliver its 2019 budget plan today as planned due to a disagreement over the deficit (Corriere della Sera). Negotiations have been stalled by a last-minute demand for extra spending by the coalition’s two deputy prime ministers. League leader Salvini has decided to support a push by the Five Star Movement for a budget deficit of 2.4% next year, whilst Finance Minister, Tria, has been trying to keep the shortfall below a more market friendly 2%
    Headlines will be closely watched as a postponement of the budget would likely be seen as a negative
    Elsewhere, the RBNZ left the Official Cash Rate unchanged at 1.75% as widely expected. The central bank remained dovish, maintaining its guidance of the next move being “up or down”
    The effect on NZDUSD was a short-lived spike however the pair trades lower this morning

  6. #886
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 28 Sep 2018

    • Global equities traded higher amid renewed optimism over the global economy
    • EURUSD dropped on the announcement of Italy’s deficit target of 2.4%
    • Elevated headline risk for GBPUSD as the Conservative Party conference starts this Sunday


    Global equities traded mostly higher yesterday after Chairman Powell’s comments on Thursday that the US is not threatened by a recession in the next two years (Reuters)
    The renewed optimism over the global economy coupled with a weaker JPY vs the USD prompted Nikkei to rise to its highest level since Nov-1991
    The USD Bloomberg Spot Index rose throughout yesterday further to Wednesday’s FOMC meeting and increased month-end demand for USD
    EURUSD fell yesterday on reports that Italy’s budget discussions may need to be postponed due to a disagreement among coalition partners. The pair extended its losses overnight after the Finance Minister, Tria, gave in to the League and Five Star Movement, setting its deficit target at 2.4% for the next three years (Reuters)
    BTPs have sold off in reaction, with the 10 year yield shooting through 3% reaching a 3 week high. Focus is now on further details of the budget
    GBPUSD fell yesterday amid broad-based USD strength. Boris Johnson demanded PM May to abandon her Chequers plan and proposed a six-point alternative Brexit plan (Bloomberg). Focus is on the Conservative Party conference starting on Sunday which could see further rebellion against PM May
    In data, September consumer confidence reversed August’s gains and fell 2 points

  7. #887
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 01 Oct 2018

    • CAD, MXN and US equity futures rose on US-Mexico-Canada trade agreement
    • EURUSD likely to remain volatile amid concerns over Italy
    • UK’s Conservative party conference poses headlines risk


    US equities saw a volatile trading session on Friday but closed broadly unchanged, while their Asian counterparts traded higher overnight. Trading volumes were lower overnight due to Labour Day in Australia as well as local holidays in Hong Kong and China through to 7th October
    The US, Canada and Mexico reached a new trade deal known as the United States-Mexico-Canada Agreement (USMCA) which will replace NAFTA. The overnight news prompted CAD and MXN to advance against the Greenback and US equity futures to rally
    EURUSD dropped last week on Italy’s decision to revise up markedly its fiscal deficit targets for the next three years at the request of 5SM and Lega
    Barclays Research expect “Italy, and the EUR as a result, to enter a prolonged period of volatility on account of potentially difficult institutional relationship with Brussels”
    The UK’s Conservative party conference started yesterday, and will be concluded with PM May’s speech on Wednesday. As a result, further discussions and criticism of Brexit proposals are likely, posing continued headline risk to sterling
    Barclays Research “do not expect substantial moves, given the amount of negativity already priced in after the “no deal” rhetoric at Salzburg”
    Brent oil rose to above $83.00/ barrel this morning ahead of US sanction against Iran which are due to start on 4th November

  8. #888
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 02 Oct 2018

    • GBPUSD broke below 1.3000 this morning despite yesterday’s positive Brexit headlines
    • EURUSD dropped this morning further to headlines around Italy’s budget
    • Global manufacturing confidence returned to a downward trend in September


    Global equities saw a mixed performance yesterday as the euphoria over the US-Mexico-Canada trade deal started to fade. Meanwhile, the Chinese markets are closed for the week due to local holidays. In FX, the Bloomberg USD Spot Index was broadly unchanged for most of Asia’s session but traded higher this morning
    GBPUSD spiked above 1.3100 yesterday further to comments by PM May that the UK may propose a Brexit compromise on the Irish border rules (Bloomberg). However, the rally was short-lived and GBPUSD dropped below 1.3000 this morning
    The Conservative Party Conference is likely to pose further headline risk as it continues today and tomorrow
    EURUSD dropped to below 1.1550 this morning on comments by Italy’s lower house budget committee head, Borghi, that the country’s debt problems could be solved if it had its own currency (Bloomberg)
    The RBA kept rates unchanged at 1.5% as widely expected and explained that it would require faster wage growth and inflation near the 2.5% target midpoint before it would consider rate rises (Bloomberg). AUDUSD dropped by c.0.5% further to the RBA meeting
    In data, global manufacturing confidence returned to the downward trend in September despite strong support from the US where September ISM manufacturing index edged lower only marginally after reaching a multi-year high in August

  9. #889
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 03 Oct 2018

    • EURUSD rallied this morning as Italy reportedly reduced its budget deficit target
    • Brexit headlines remained the key driver of GBPUSD yesterday
    • Brent continued to trade around $85 / barrel


    US equities saw a mixed performance yesterday with DOW the notable outperformer, closing at a new record high supported by strong gains by Intel and Boeing. Asian equities traded broadly lower earlier in the session but started to reverse some of the losses this morning
    Concerns about Italy’s budget continued to drive market sentiment yesterday, with 10-year BTP yields climbing to 3.44%, the highest level since 2014 amid headlines that the administration would stick to its deficit ceiling of 2.4% (Bloomberg)
    However, this morning’s news that Italy will reduce its budget deficit to 2% of GDP by 2020 as opposed to the earlier announced 2.4% (Corriere Della Sera) prompted BTPs and EURUSD to rally
    GBPUSD fell to below 1.2950 yesterday further to comments by former foreign secretary Boris Johnson asking for the Chequers deal to be abandoned (Bloomberg). Today the UK services PMI is released at 9.30, but reaction will likely be limited as the main focus is on PM May’s closing speech at the Conservative Party Conference
    Brent continued to trade around $85/ barrel throughout yesterday. Barclays Research believe “the recent increase in prices has gone too far”; “although prices may continue to rise from current levels in October, the market is ripe for a correction”. Nonetheless, their short-term Brent view was slightly adjusted higher from $74, to $77

  10. #890
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,941
    Post Thanks / Like
    Credits
    26,437
    My Language
    English

    Market Review - Fundamental Perspective - 04 Oct 2018

    • US 10-year Treasury yields reached their highest level since mid-2011
    • Broad-based USD strength drove FX markets
    • Positive headlines regarding Italy’s budget deficit were insufficient to sustain EURUSD rally


    US equities traded higher yesterday and US 10-year Treasury yields reached 3.22%, their highest level since mid-2011, amid strong domestic data. Meanwhile, Asian stocks came under pressure overnight as company’s borrowing costs rose
    Brent prices continued to rally yesterday, trading above $86/ barrel this morning, as markets remain concerned about the US sanctions on Iran and supply in general
    The USD traded with a strong bid tone yesterday after US ISM data beat expectations, printing its highest level since the inception of the index in 2008. Further support for the Greenback came from Fed Chair Powell who indicated that rates might rise above “neutral” (Reuters)
    USDJPY reached a level of 114.55, an 11-month high, as a result
    EURUSD saw a short-lived rally yesterday morning after Italy’s budget deficit targets were announced at 2.0% as opposed to the initially suggested 2.4% by 2020, however the news were insufficient to counter the general USD demand
    GBPUSD also closed the day lower amid the broad-based USD strength. PM May’s closing speech at the Conservative Party conference did not impact markets to a great extent, however it may have eased concerns about the leadership challenge for the time being
    In data, UK PMIs eased somewhat in September, however the data indicates that Q3 average remained in line with Q2 suggesting that little momentum has been lost so far

  11. ARIONFORXtarder
 

 
Page 89 of 91 FirstFirst ... 39798788899091 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 02:17 AM.
CompleteVB skins shared by PreSofts.Com