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 117 of 117 FirstFirst ... 1767107115116117
Results 1,161 to 1,169 of 1169
  1. #1161
    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 - 26 Nov 2019

    • Recent poll suggests a narrowing in the Tory lead
    • US equities higher amid positive comments from Fed Chair Powell
    • Asian stocks in the green following positive sentiment on US-China trade


    GBPUSD rallied yesterday, erasing most losses from Friday – the pair traded to highs of c.1.2910 before trading slightly lower this morning. Polling data for the upcoming election remains mixed, with an ICM / Reuters poll suggesting the Conservative lead over Labour had narrowed to 7 points, with Tories on 41% (down 1%) and Labour on 34% (up 2%) (Reuters)
    Markets will watch a BBC interview with Labour leader Corbyn at 19:00 tonight, as well as the release of the closely watched YouGov MRP poll on Wednesday
    US equities edged up overnight as Fed Chair Powell struck a positive tone at an event yesterday. Powell said he saw the glass as ‘much more than half full’ with regard to US economic expansion, whilst reiterating the Fed would adjust if there was a ‘material’ change in its outlook. Asian stocks also traded higher following a positive call from US and Chinese trade negotiators, where they reportedly ‘reached a common understanding on resolving relevant problems’ (Reuters)
    The US S&P 500 traded c.0.75% higher, whilst China’s CSI 300 was c.0.35% higher
    In FX, the Bloomberg USD Spot Index also moved higher overnight. USDJPY touched a two-week high of 109.21 following the positive news in Sino-US trade talks
    Beijing summoned America’s ambassador yesterday to express its opposition to US interference in Hong Kong. Vice Foreign Minister Zeguang said ‘the US is indulging and supporting the violence in the city.’ US President Trump hasn’t yet signed the bill backing the protestors, and hasn’t explicitly said if he will do so (Bloomberg)

  2. #1162
    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 - 27 Nov 2019

    • Asian equities move slightly higher amid positive trade sentiment
    • GBPUSD under pressure as polls show a tightening in the Tory lead
    • Today markets will watch the release of the YouGov poll at 22:00 GMT


    Asian equities moved marginally higher overnight, with positive news from US-China trade talks slightly outweighing worsening data. US President Trump said the two countries were close to an initial trade deal, following talks by top negotiators earlier in the week. His comments came alongside softer-than-expected economic data from both the US and China – consumer confidence dropped in the US, whilst in China industrial profits shrank at their fastest pace in eight months (Reuters)
    Industrial profits fell 9.9% in October compared to a 5.4% decline in September in further signs of weakness in the world’s second-largest economy
    GBPUSD came under pressure yesterday as polling data appeared to show a tightening in the gap between Labour and the Conservatives. The pair traded from above 1.2900 to below 1.2840 this morning after two polls showed the Tories with a weaker lead – one had a 7 point lead (from 10) and the other an 11 point lead (from 18) (Reuters)
    Today markets will await the release of the YouGov MRP poll at 22:00 GMT. The poll uses a recently developed technique that aims to give a more detailed prediction than a standard opinion poll – in 2017 it accurately predicted that Theresa May would lose her majority, where at the time every other poll was suggesting the Conservatives would win (Bloomberg)
    It also uses a much larger sample of around 50,000 people (normal polls use between 1000-2000) as it aims to identify lots of different types of voters
    Elsewhere, AUD fell vs. all major currencies overnight after Westpac predicted that the central bank will cut interest rates twice by June next year before starting quantitative easing. The RBA’s cash target rate is currently 0.75%

  3. #1163
    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 Nov 2019

    • Asian equities lower after Trump signs Hong Kong bill
    • GBPUSD extends gains on YouGov/MRP poll results
    • USD continues its rally after better-than-expected economic data


    Asian equities traded lower overnight after President Trump signed a bill backing Hong Kong protestors. China’s foreign ministry has subsequently threatened to retaliate and Hong Kong “strongly opposes” the bill (Bloomberg). USDJPY fell from 6-month highs and is currently trading below 109.50
    GBPUSD extended yesterday’s gains and is trading c.0.90% higher from yesterday’s open. Overnight, the pair reached a high of 1.2951. This move came after the YouGov/MRP poll was released and predicts, if an election was held today, the Conservative Party would win 359 seats, up from 317 in the previous election, and therefore have a healthy majority of 68 (FT)
    Our Traders currently see GBPUSD resistance at 1.3015, ahead of 1.3200 and support at 1.2770, ahead of 1.2700
    Focus for the election is now on the first TV debate which is taking place tonight at 19:00
    The Bloomberg Dollar Spot Index continued its rally yesterday after better-than-expected economic data. The BEA’s second estimate of US Q3 GDP was 2.1% q/q saar, two-tenths higher than the advance estimate. Our Research team highlights this was driven by an upward revision to inventory accumulation and partly offset by lower government spending
    Elsewhere in data, Japan’s retail sales dropped by a larger margin than the market expected (-14.4% versus. -10.4% m/m). In commodities, Brent crude fell over 1% from yesterday’s highs after US crude output touched a record high and refinery demand decreased (Bloomberg)

  4. #1164
    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 Nov 2019

    • Asian equities lower overnight
    • GBPUSD moves marginally lower amid light trading
    • USD continues its rally after better-than-expected economic data


    Asian equities move lower as investors turn cautious, fearing a new US law backing Hong Kong protestors could hamper US-China trade talks
    The CSI 300 Index, which tracks stocks listed on the Shanghai or Shenzhen Stock Exchange was down c.0.90% overnight (Bloomberg)
    GBPUSD traded marginally lower yesterday during light trading due to US Thanksgiving. Overnight the UK General Election debate on climate issues hosted by Channel 4 was attended by leaders from Labour, the Lib Dems, the Greens, Plaid Cymru and the SNP. The five leaders discussed the production of food, improving the energy efficiency of homes and transport including Heathrow’s third runaway and HS2
    Tonight, investors will watch the BBC debate between senior figures from the seven major political parties, which takes place at 19:00 GMT
    In commodities, oil came under pressure yesterday as US crude output hit a record high, while refinery demand fell. Production rose to a record 12.9mn barrels per day, an increase of 1.6m barrels on last week. Oil reacted by falling over 1% (Reuters)
    In emerging markets, the Chilean peso’s CLP has plunged by c.3.5% this week to an all-time low of 838.50 against the USD dollar (Bloomberg) and brought its decline during November to c.10%. This follows protests in the country over inequality that turned violent again this week. From Monday, the central bank will start a six-month program of foreign exchange currency sales to the tune of $20bn in a bid to stabilise the peso

  5. #1165
    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 - 02 Dec 2019

    • Asian stocks in the green after better than expected data from China
    • The Conservative Party’s lead over Labour is narrowing in the latest polls
    • Focus is on important US data this week


    Asian stocks traded higher overnight after upbeat China manufacturing data, Caxin China PMI Manufacturing for November came in at 51.8 versus expected 51.5. This also saw oil rebound slightly after Friday’s slump due to record high U.S. crude production and US treasuries fall as well (Reuters)
    Barclays Research think “the significant recovery in manufacturing PMI, albeit likely in part due to transitory factors including a warmer winter (especially for Northern China), is signalling some stabilisation in both domestic and external demand”
    In FX, JPY fell as demand for safe haven assets declined after the stronger Chinese data and USDJPY briefly touched a six-month high of 109.73. NZDUSD is c.0.55% stronger this morning on better risk sentiment following the New Zealand government’s plan to bring forward major infrastructure investments (Bloomberg)
    Over the weekend, polls showed the Conservative Party’s lead over Labour is narrowing. So far this morning GBPUSD is unchanged but sterling could be vulnerable to headline risks (Bloomberg)
    Barclays Research remains constructive on GBP, but near-term risks seem asymmetric. They have downgraded their forecasts conditioned to less fiscal support and more Brexit uncertainty as the Conservative party manifesto pledged substantially less spending than anticipated
    The market is still waiting for clarity around a phase one US-China deal but more focus for the week ahead is on US data. Barclays Research expect manufacturing ISM to rebound modestly from the October low but remain in contractionary territory, non-manufacturing ISM to decline modestly but to remain firmly in expansion and they forecast nonfarm payrolls to have increased 195k in November
    We have multiple central bank meetings this week however Barclays Research expects no major surprises from them; "The RBA, BoC and NBP are widely expected to keep policy unchanged, while the RBI will likely cut rates 25bp, in line with market pricing"

  6. #1166
    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 Dec 2019

    • Global stocks fell after President Trump announces new tariffs
    • Sterling weakened against the Euro following the weekend polls
    • RBA left the cash rate unchanged at 0.75%


    Global equities traded lower after president Trump imposed tariffs on steel and aluminum imports from Brazil and Argentina, accusing the countries of devaluing their currencies. The US also suggested tariffs on up to $2.4bn French products in retaliation for a new French digital service tax (FT)
    In FX, the USD fell versus its peers after US manufacturing data contracted for a fourth straight month, US ISM Manufacturing came in at 48.1 versus expectations of 48.3. The Bloomberg Dollar Spot Index traded c.0.3% weaker yesterday and overnight. GBPUSD traded higher driven by the weaker USD and continues to track higher this morning
    NZDUSD traded c.1.2% stronger yesterday and touched 0.6511, a level not seen since August
    USDJPY traded c.0.15% stronger overnight reversing some of the losses from the day before following a report that Japan’s government will announce a 25 trillion yen stimulus package (Bloomberg)
    GBPEUR weakened c.0.45% yesterday after polls over the weekend showed the Conservative party’s lead is narrowing over the opposition Labour Party, though UK manufacturing data coming in stronger than market expectations (Bloomberg)
    AUD rallied c.0.40% versus the USD as the RBA left rates unchanged at 0.75% overnight. The bank still left the door open to further easing if needed. Barclays Research continues to expect “one more rate cut in Q1 2020, taking the cash rate to 0.50%, given that at that level, the bank believes conventional monetary policy is still effective”

  7. #1167
    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 Dec 2019

    • Global stocks trade lower after comments from President Trump
    • Safe haven assets trading higher
    • GBPUSD rallies after poll released yesterday


    Global equities traded lower yesterday and overnight after President Trump said it might be better to wait until after the 2020 US presidential election for a China trade deal. His comments come less than two weeks before the next round of tariffs on Chinese imports are due and this has fuelled investor’s worries around global trade tensions (FT)
    The U.S. House of Representatives passed a bill which will sanction Chinese government officials responsible for the repression of Turkic Muslims, adding a further layer of tension between the countries (Reuters)
    In FX, safe haven currencies rose after President Trump’s comments; USDJPY traded c.0.4% lower and USDCHF traded c.0.45% lower yesterday and overnight. The USD fell for the third day in a row yesterday and the Bloomberg Dollar Spot Index was c.0.15% lower on the day
    AUDUSD sold off c.0.35% overnight following worse than expected GDP numbers. The country’s GDP expanded 0.4% versus consensus of 0.5% and the market is now pricing a 64% probability of a rate cut in February
    GBPUSD have rallied c.0.3% this morning moving above 1.3040, a level not seen since the beginning of May this year as it appears poll tightening momentum has stalled. In the lead-up to the election the pound keeps being driven by polls and headlines rather than data
    Oil stays supported despite increased worries around US-China trade discussions as the market waits for the OPEC meeting this week, where OPEC and its allies might extend production cuts and toughen compliance (Bloomberg)

  8. #1168
    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 - 05 Dec 2019

    • Global stocks in the green following optimism around a trade deal
    • GBPUSD reaching levels not seen since May this year
    • The USD continued its decline for a fourth consecutive day


    Global stocks traded higher following reports that the US and China could be close to a trade deal and an agreement on the level of tariffs that would be removed. This raised investor optimism and S&P traded 0.60% higher on the day (FT)
    GBPUSD rallied to levels above 1.3100 yesterday and continues higher this morning reaching above 1.3140, these are levels not seen since early May this year. This moves comes as the market starts to price in a greater likelihood of a Conservative majority as the Labour party’s poll tightening momentum seems to be stalling
    The pound remained near the highs even as UK service data came in at 49.3 yesterday - the weakest since March - however still above consensus of 48.6 (Bloomberg)
    There were articles out that the Conservative party have delayed their digital advertising budget until the last week, similar to the vote leave campaign (FT)
    In FX, the USD declined for a fourth day in a row as ISM non-manufacturing came in worse-than-expected at 53.9 versus consensus of 54.5. This follows worse than expected manufacturing data earlier in the week. Bloomberg Dollar Spot Index traded c.0.15% lower yesterday
    The Bank of Canada left their rates unchanged at 1.75% yesterday, in line with market expectations. USDCAD have traded c.0.85% lower since the announcement. In the accompanying statement, the committee noted “nascent evidence that the global economy is stabilizing” and Barclays Research believe that the bar for cuts is high, given the resilience of the economy and concerns of financial vulnerabilities
    The Reserve Bank of India held their interest rates unchanged at 5.15% overnight versus consensus expectations of a 25bp cut. The reaction in the currency has so far been muted

  9. #1169
    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 - 06 Dec 2019

    • Asian stocks traded higher overnight
    • GBPUSD reached new six month highs of 1.3166
    • The market turns its focus to US nonfarm payrolls


    Asian stocks traded higher overnight after positive comments from President Trump, saying that the trade talks with China were “moving right along”. OPEC and its allies agreed to cut output by an additional 500,000 barrels per day in Q1 2020 and oil continues to hover around 63.30, the higher end of the range seen for the past two and a half months (Reuters)
    GBPUSD traded higher yesterday for the fifth day in a row, reaching highs of 1.3166. The market continues to price in a Conservative majority and PM Johnson’s plan for his first 100 days in the office helped add to the optimism. The plan included delivering a budget and getting Brexit “done” by 31st January, with an initial parliamentary vote before Christmas (Bloomberg)
    Tonight at 20:30 GMT we have the BBC Prime Ministerial Debate - Johnson versus Corbyn
    In FX, AUDUSD traded c.0.20% lower yesterday and touched lows of 0.6821 as their retail sales and Q3 2020 GDP missed estimates. The USD continued lower and the Bloomberg Dollar Spot Index was c.0.2% weaker on the day. Overnight NZDUSD traded c.0.2% higher following comments by the Reserve Bank Deputy Governor Geoff Bascand which limited further rate-cut expectations from the RBNZ (Bloomberg)
    Today the market turns its focus to the US employment data we will receive at 13:30 GMT. Barclays Research forecast nonfarm payrolls to have increased 195k in November, boosted by the resolution of the GM strike. They expect the unemployment rate to improve to 3.5% and average hourly earnings to increase 3.0% y/y

  10. ARIONFORXtarder
 

 
Page 117 of 117 FirstFirst ... 1767107115116117

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 07:52 AM.
CompleteVB skins shared by PreSofts.Com