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 105 of 117 FirstFirst ... 55595103104105106107115 ... LastLast
Results 1,041 to 1,050 of 1169
  1. #1041
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 21 May 2019

    • US and European equities lower on US-China trade war implications
    • AUDUSD down c.0.7% overnight after dovish RBA minutes
    • Barclays Research expects two RBA cuts by August 2019


    US and European equities fell yesterday as the implications of the trade dispute between US-China weighed on technology stocks. It has also been reported that China is going to retaliate after President Trump blacklisted Huawei (Bloomberg)
    However, the US did grant Huawei a temporary general license that authorises some transactions with the Chinese firm and its non-US affiliates
    Most Asian indices rose overnight. Technology shares rebounded in the region as companies such as Samsung were speculated to benefit from Huawei’s blacklisting
    GBPUSD traded in a relatively tight range yesterday as there were no meaningful developments regarding Brexit but has come lower this morning, breaking below 1.2700, amid broad-based USD strength. Focus for GBP is the PM May’s Cabinet meeting today
    Elsewhere in FX, AUDUSD sold-off c.0.7% overnight after RBA minutes showed a distinctly more dovish stance than the latest rate decision statement. RBA Governor Lowe suggested the central bank will consider a rate cut in June if there is no improvement in employment or inflation data
    Barclays Research has now changed their baseline view and expects two cuts from the RBA this year. The first in June and another in August, bringing the key rate to another historic low of 1.0%
    The market is currently pricing in nearly a 90% probability of a cut by June 2019 and a 20% probability of a second cut in August (Barclays Research)

  2. #1042
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 22 May 2019

    • GBPUSD trades volatile amid Brexit developments
    • US equities higher due to increased demand for technology stocks
    • Today’s focus is the FOMC minutes released at 19:00 BST


    GBPUSD had a volatile day yesterday amid Brexit developments, initially weakening after the Farage-led Brexit party had a strong result in the European election opinion polls. In the afternoon, the pair saw a short-lived rally of c. 1% after PM May’s outlined her “new” Withdrawal deal; GBPUSD has erased all of its gains since and trades below 1.2700 this morning
    PM May offered the possibility for a second referendum on the condition that her Withdrawal deal is passed through the House of Commons
    The deal was received negatively by both of the main parties and PM May reportedly faces increased pressure to abandon her Brexit deal and quit as British PM (Bloomberg)
    US equities were higher for the first time in three days yesterday as investors increased demand for technology stocks after the US granted a three-month reprieve on its Huawei ban. However, Chinese equities dropped overnight on reports Hikvision may be included in the US blacklist (FT)
    Ambassador to the US Cui Tiankai told Fox News that China “remains ready to continue talks” and they are prepared to address the imbalance in trade (Bloomberg)
    Focus today is on the release of the FOMC minutes at 19:00 BST. Barclays Research highlights that they should confirm the Fed’s “patient” stance and reflect the upbeat language on domestic activity, but also expects members to emphasize that domestic final demand growth was soft
    The Bloomberg Dollar Spot Index strengthened yesterday and overnight. EURUSD was lower overnight amid broad-based USD strength and EUR selling ahead of the European elections starting tomorrow

  3. #1043
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 23 May 2019

    • GBPUSD trades lower as leadership pressure increases after Leadsom resignation
    • Global equities have a negative day due to US-China trade tensions
    • Election results in India show an easy win for Modi and the ruling BJP party


    GBPUSD is trading at its lowest level since early January. Yesterday PM May’s final deal proposal was met with much opposition and led to fresh calls for her to resign. The pair came under further pressure after leave campaigner and House of Commons leader Leadsom resigned from the government in protest over PM May’s handling of Brexit (Bloomberg)
    The focus for GBP and EUR is the European elections that start today. Barclays Research thinks the elections are unlikely to send a clear signal in terms of Brexit
    Global equities fell yesterday as a more optimistic tone from the May FOMC minutes failed to offset uncertainty surrounding US-China trade tensions. US equities reacted negatively to reports that Chinese surveillance firm Hikvision may be included in a US blacklist (FT)
    The FOMC minutes portrayed more confidence about the US outlook and there was a broad agreement that sustained expansion of activity would be the most likely outcome, with inflation near 2% (Barclays Research)
    In data, UK inflation came in slightly lower than expected at 2.1% y/y vs. consensus 2.2% y/y, bringing the headline figure back above the Bank of England’s target. Focus for data in Europe today is E19 ‘Flash’ PMIs and German IFOs released at 09:00 BST
    In EM, the India election results have been coming in overnight and results show Narendra Modi and his ruling BJP party are due to win another five-year term. The reaction in USDINR has been fairly muted as the currency initially gapped lower before retracing losses

  4. #1044
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 24 May 2019

    • GBPUSD hits fresh four-month low from Brexit and UK leadership uncertainty
    • Global equities sold-off on deepening US-China trade war concerns
    • Brent c.4.5% lower as US crude inventories rise to highest level since 2017

    GBPUSD hit a fresh four-month low of 1.2606 yesterday (Bloomberg) amid Brexit uncertainty and as pressure grew on PM May to resign from her post. It was reported that PM May was rewriting her Brexit deal on Thursday afternoon in an attempt to stop a ‘full-scale revolt’ from her cabinet (FT)
    However, news reports also stated that the PM will inform her advisors this morning of the day she plans to step down, and its likely to be the week of 10th June (Bloomberg). PM May is due to meet Sir Graham Brady this morning, the head of the Conservative Party’s 1922 committee


    Global equities sold-off yesterday as investors were concerned about the impact of the ongoing US-China trade war. Technology stocks led a decline with the NASDAQ down 1.58% on the day. Also, 10-year US Treasury Yields fell to their lowest level since 2017
    In FX, the Bloomberg Dollar Spot Index set a new YTD high yesterday before dropping c.0.5% in the afternoon and overnight


    In commodities, Brent sold-off c.4.5% yesterday after US crude inventories rose by 4.6m barrels last week and because of the persistent ongoing US-China trade war risks. However, some of these losses retraced overnight and Brent is currently trading around $68.50 a barrel


    In data, Euro area May PMIs disappointed expectations by only marginally increasing. Germany IFO survey extended a decline in May, reaching a new multi-year low. May PMI and IFO surveys suggest that manufacturing sentiment may have bottomed out (Barclays Research)

  5. #1045
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 28 May 2019

    • European elections: Farage’s Brexit party wins with Conservatives and Labour suffering losses
    • GBPUSD and EURUSD fall amid Brexit and European political uncertainty
    • USD to be driven by month-end flows and data this week


    European elections were in focus over the weekend. In Europe, pro-EU parties held their ground overall but the centre-right EPP and centre-left S&D lost their combined majority for the first time in ten years, benefitting Greens and Liberals. In the UK, the Brexit party won the majority of seats whilst the Conservatives and Labour suffered heavy losses (FT)
    In equities, European stocks traded higher after the results from pro-EU parties. Focus is now on which parties are going to form a coalition in European Parliament and today’s EU summit in Brussels (Bloomberg)
    In FX, GBPUSD fell when PM May resigned at the end of last week. Ten candidates have come forward so far to be her successor with the current favourite being Boris Johnson. Also, Farage’s Brexit party performing well in the elections has reportedly increased pressure for a no-deal (FT)
    Focus for GBP going forward will likely be on the Tory leadership race
    Our traders see GBPUSD resistance at 1.2750 ahead of 1.2900, while support lies at 1.2600. EURGBP has been trading in a range of 0.8775-0.8850 last week
    Elsewhere, Barclays Research states that risk sentiment and headlines regarding the US-China trade conflict are likely to continue driving the USD. However, with no high level talks scheduled between the US and China until the G20 meeting (28th – 29th June), month-end flows and data releases can take a more prominent role this week

  6. #1046
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 29 May 2019

    • Asian equities under pressure due to persistent trade tensions
    • GBPUSD trades lower amid continued Brexit and UK political uncertainty
    • The Bank of Canada is expected to stay on hold today


    Asian equities came under pressure overnight amid persistent Sino-US trade tensions. Yesterday China threatened to use rare earths exports, a raw material in which China dominates global supply, as leverage in the trade war. US President Trump also said in Tokyo that the US was not ready to make a deal with China (FT)
    Yields on US 10yr sovereigns fell to their lowest level since September 2017 to 2.24% as investors continue to seek safe-havens
    In FX, USDJPY traded with a downward trend despite a more volatile day
    GBPUSD moved slightly lower yesterday amid continued uncertainty in Brexit and UK politics. After Labour performed poorly in the EU Parliament elections last week, it was reported that leader Corbyn is expected to back a second referendum on Brexit in the next few days (Reuters)
    Today EU leaders meet in Brussels to kick-off discussions for the new leaders of the European Commission and the ECB. The three groups that won the most votes in last week’s elections each chose two leaders to negotiate on their behalf with the goal of reaching a consensus by 20th June
    The Bank of Canada is likely to stay on hold at its meeting today at 15:00 BST. Barclays Research expects the Bank to highlight that recent data releases are consistent with its expectation of a rebound in economic activity in H2 19

  7. #1047
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 30 May 2019

    • Most global equities lower amid continuing trade tensions
    • GBPUSD trading near 6-month lows amid Brexit uncertainty
    • The Bank of Canada keeps its policy rate unchanged at 1.75%


    Most global equities continued to trade lower yesterday and overnight amid ongoing Sino-US trade tensions. At the same time, 10 year US treasury yields fell to c.2.21%, with the spread between 3 month and 10 year yields moving to its most inverted level since 2007, signalling the potential for a recession over the next few quarters (Bloomberg)
    In FX, the USD moved higher against its other G10 counterparts with the Bloomberg USD Spot Index trading near 6-month highs (Bloomberg)
    GBPUSD continued its downward trend yesterday amid broad-based USD strength and a lack of certainty in UK politics. The pair traded below 1.2620, close to levels not seen since January 2019. During a speech in Washington, Speaker Bercow said Parliament would not allow a no-deal Brexit without its consent – a possibility that some Conservatives have alluded to (FT)
    The Bank of Canada kept its policy rate unchanged at 1.75% as expected yesterday. The statement afterwards highlighted the recent improvement in activity data whilst noting the increase in global trade risks
    Barclays Research expects the central bank to stay on hold for the foreseeable future
    Elsewhere, South African President Ramaphosa announced the new, smaller cabinet with 28 places from 36. Finance Minister Mboweni and Public Enterprices Minister Gordhan retained their posts. ZAR strengthened against the USD after the announcement (Bloomberg)

  8. #1048
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 31 May 2019

    • President Trump announces 5% tariffs on all Mexican goods
    • GBPUSD falls to new 5 month lows before regaining slightly
    • Chinese manufacturing falls into contraction in May


    Asian equities and US futures came under pressure overnight after President Trump announced 5% tariffs on all goods from Mexico starting on 10th June. These tariffs will remain in place ‘until such time as illegal migrants coming through Mexico and into the US, stop’. He added the duties will rise gradually to 25% by 1st October if the problem is not resolved
    In FX, the USD spiked against its G10 counterparts after the announcement, while MXN fell c.2.5% to 5 month lows. JPY strengthened as investors sought save havens
    The escalation in global trade tensions also pushed 10 year Treasury yields to new 20 month lows of 2.18% (Bloomberg)
    Further pressure came after Chinese manufacturing PMI data fell into contraction in May, coming in below expectations at 49.4 vs. a consensus of 49.9. Barclays Research notes a “decline in the trade-related sub-index and the employment component, which hit a 10 year low after the escalation of tariffs in early May”
    Barclays Research also “expect the PMI to remain in contraction in coming months as a result of the tariffs”
    GBPUSD briefly dropped to new 5 month lows yesterday afternoon of 1.2581 (Bloomberg) before regaining slightly. The catalyst was broad based USD strength alongside continued uncertainty regarding the next Prime Minister in the UK
    12 MPs are currently in the race to become the next Conservative leader and Prime Minister, with the contest expected to play out over the next two months
    Fed Vice Chairman Clarida spoke at an event in New York last night where he indicated the Federal Reserve is ready to respond if economic conditions worsen. However, he also stressed that the economy is in a ‘very good place’ with low unemployment

  9. #1049
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 03 Jun 2019

    • Global equities under pressure last week due to escalating trade tensions
    • Barclays Research now expects the Fed to deliver 75bp of cuts in H2 19
    • GBPUSD trades lower amid continued Brexit and UK political uncertainty


    Most global equities came under pressure last week and 10-year Treasury yields declined amid further escalation in the Sino-US trade dispute. Over the weekend, China accused the US of ‘resorting to intimidation and coercion’ and increased tariffs on $60bn of American goods (FT)
    Additionally, President Trump ended India’s status as a ‘developing nation’, preventing the country from exporting some 2000 goods to the US tax free. INR dropped sharply against the USD after the announcement
    In FX, the Bloomberg USD Spot Index traded higher throughout most of the week before falling sharply c.0.5% over the weekend. JPY strengthened against the USD to levels not seen since January as investors sought safe havens
    Barclays Research now expects the US Federal Reserve to deliver 75bp of rate cuts in H2 19 amid ‘weakening global growth prospects’. They also lowered projections for US growth as the Sino-US trade dispute continues and now they expect ‘tariffs on most, if not all, trade flows between the two economies’
    GBPUSD traded lower last week from c.1.2750 to 1.2559 (Bloomberg) as the uncertainty around Brexit and the future UK Prime Minister continues. However, GBPUSD did retrace some of its losses late on Friday and currently trades around 1.2645 at time of writing
    This week, President Trump has a state visit to the UK where he is expected to meet PM May, despite her leaving office on Friday. There is also speculation that he may meet Tory leadership hopeful Boris Johnson and Brexit party leader Nigel Farage
    In commodities, Brent Crude prices have dropped over 6% since Friday amid stalling demand and fears of a global economic slowdown due to the ongoing trade tensions (Reuters)

  10. #1050
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,207
    Post Thanks / Like
    Credits
    27,491
    My Language
    English

    Market Review - Fundamental Perspective - 04 Jun 2019

    • Global equity performance was mixed, the US technology sector underperforms
    • USD weakens and US yields drop after Fed’s Bullard mentions potential rate cut
    • RBA cuts its policy rate as widely expected


    US and Asian equity performance was mixed yesterday and overnight as weak economic indicators and US-Sino trade war concerns drove sentiment. In particular, US technology shares underperformed after the House Judiciary Committee announced that it plans an antitrust probe into the likes of Google, Amazon, Apple and Facebook fueling fears of tighter regulation in the sector
    In FX, the USD Bloomberg Spot Index dropped while two-year US yields fell to their lowest level since Dec-17 after St Louis Fed President Bullard indicated the Fed might cut rates soon due to trade and inflation risks
    The broad-based USD weakness helped GBPUSD trade above 1.2680 this morning
    Today’s focus is on Fed Chairman Powell’s speech at the Chicago Conference at 14.55 BST
    In data, the US ISM manufacturing index continued to drop in May. Barclays Research sees this level as “generally consistent with slow growth, indicating that US manufacturing activity will likely remain on a weak trajectory in the coming months”. UK manufacturing PMI surprised to the downside as firms continued to use inventories built up ahead of the original Brexit deadline, leading to lack of new contracts
    In Australia, the RBA cut its policy rate by 25bp to 1.25% as widely expected and remained broadly dovish noting rising downside risks to the global growth outlook. AUDUSD fluctuated after the announcement but is little changed overall
    Governor Lowe’s speech at the RBA Board Dinner at 10.30 BST will be watched for further insights
    In EM, focus is on the Q1 South African GDP which Barclays Research expects to contract 1% qq saar and warns “a more negative print will likely lead to re-surfacing concerns about debt sustainability and lead to SAGB and ZAR IRS curve-steepening and FX depreciation, offsetting modest market euphoria following last week’s cabinet announcement”

  11. ARIONFORXtarder
 

 
Page 105 of 117 FirstFirst ... 55595103104105106107115 ... 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 © 2019 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 04:48 AM.
CompleteVB skins shared by PreSofts.Com