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 121 of 121 FirstFirst ... 2171111119120121
Results 1,201 to 1,209 of 1209
  1. #1201
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,247
    Post Thanks / Like
    Credits
    27,650
    My Language
    English

    Market Review - Fundamental Perspective - 04 Feb 2020

    • Asian equities recover amid reports of boosting measures
    • GBPUSD falls more than 1.5% after Johnson’s speech yesterday
    • US ISM Manufacturing prints higher than expected


    Asian equities recovered slightly following Monday’s fall, with China’s CSI 300 up more than 2.5%. Officials are reportedly considering further measures to boost the economy, including selling more special government bonds. However, the total number of coronavirus cases surpassed 20,000 overnight, with the death toll reaching 425 (Reuters)

    GBPUSD fell more than 1.5% on Monday, with the pair trading from highs of around 1.3200 to below 1.3000 after Prime Minister Boris Johnson’s first speech setting out negotiation terms with the EU. Johnson struck a tough tone, saying that Britain will not adhere to all the bloc’s rules and regulations. The EU warned that access to the single market will depend on how far London agrees to adhere to such rules, rekindling fears Britain will reach the end of the 11-month transition period without a deal

    EURUSD also came under pressure, amid broad-based USD strength. This followed the release of US ISM Manufacturing, which printed stronger than expected at 50.9 (Consensus: 48.5). The Bloomberg USD Spot Index rallied following the release – but Barclays Research remain cautious of extracting too much positivity, amid risks of seasonal adjustment that may have contributed to the surprise uplift

    The Reserve Bank of Australia kept the cash rate unchanged at 0.75% overnight, in line with consensus. Barclays Research believe that the tone of the statement was less dovish than the December statement, with the board presenting a relatively optimistic view of the domestic economy
    AUDUSD rallied overnight after the rate announcement, moving from c.0.6685 to above 0.6720 (Bloomberg)

    In commodities, oil came under further pressure yesterday amid a lack of demand from China following the coronavirus outbreak. Technical experts from OPEC will meet in Vienna to evaluate the impact of the virus

  2. #1202
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,247
    Post Thanks / Like
    Credits
    27,650
    My Language
    English

    Market Review - Fundamental Perspective - 05 Feb 2020

    • Stocks rally amid speculation the impact from the Coronavirus will be limited overall
    • Results from Iowa caucus of US Presidential Election surprise
    • New Zealand unemployment falls overnight


    US stocks rallied yesterday, leading Asian stocks to strengthen overnight amid speculation the impact from the Coronavirus will be limited overall, and as Beijing stepped up efforts to defend the economy against the spread of the disease. Shares in China rose 1.66% and stocks in Hong Kong gained 0.52%, while oil prices bounced 1% on hopes for more output cuts from OPEC (Reuters)
    Despite the risk-on move, the death toll from the coronavirus climbed towards 500 as the outbreak spread, with thousands quarantined on cruise ships in Japan and Hong Kong
    In FX, the Bloomberg USD Spot Index traded higher yesterday, moving to near year-to-date highs overnight (Bloomberg)
    Results from the Iowa caucus for the US Presidential Election came in overnight following a significant delay. Pete Buttigieg led in a surprise victory, with Bernie Sanders in second, Elizabeth Warren in third and Joe Biden falling behind to fourth place. Next up is New Hampshire’s primary next Tuesday (FT)
    NZDUSD fell overnight despite New Zealand reporting a stronger-than-expected unemployment. The unemployment rate fell to 4.0% - stronger than consensus expectations of 4.2% - but Barclays Research note that the lower unemployment was largely a result of a lower participation rate
    Barclays Research expect the RBNZ to keep rates on hold at its next meeting on 12th February, and is only likely to cut rates if there are downside surprises in domestic economic data releases
    The Bank of Thailand surprised markets by cutting rates this morning, from 1.25% to 1.00%. It cited the Coronavirus outbreak, a stalled government budget and bad drought as reasons behind lacklustre growth. THB accelerated losses against the USD, weakening above 31.20 before recovering

  3. #1203
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,247
    Post Thanks / Like
    Credits
    27,650
    My Language
    English

    Market Review - Fundamental Perspective - 06 Feb 2020

    • Asian stocks rally as China reduces tariffs on the US
    • GBP falls amid concern for UK Financial Services post Brexit
    • US ISM Non-Manufacturing for January stronger than expected


    Asian stocks rallied yesterday after reports China will halve additional tariffs levied against some US goods last year, following the signing of a Phase 1 trade deal in January. This is seen as a move to boost confidence amid the Coronavirus outbreak which has disrupted businesses and hit investor sentiment (Reuters)
    China’s finance ministry said that from 14th February, additional tariffs levied on some goods will be cut to 5% from 10% previously
    GBP fell sharply yesterday, with GBPUSD moving from above 1.3060 to below 1.2960. The move came amid reports the EU will look to renege concessions made to the UK when writing the financial rules known as MiFID II, potentially weakening the Financial Services sector in the City of London (Bloomberg)
    USD rallied, with EURUSD trading c.0.5% lower as US ISM Non-Manufacturing for January came in stronger than expected. The headline figure was 55.5, stronger than consensus of 55.1 and the highest reading since August. Barclays Research sees the increase as being driven mainly by the business activity component, and a strong jump in import demand
    Elsewhere, Retail Sales in Australia sharply reversed in December, declining by 0.5% m/m – the lowest growth since August 2017. The weakness was exacerbated by the bushfires and associated smoke haze over major cities that disrupted domestic sales and tourism during the holiday season at the end of December

  4. #1204
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,247
    Post Thanks / Like
    Credits
    27,650
    My Language
    English

    Market Review - Fundamental Perspective - 07 Feb 2020

    • Asian equities move lower amid coronavirus concerns
    • GBPUSD continues downward trend yesterday
    • Today, markets watch the US employment report at 13:30 GMT


    Asian equities moved slightly lower overnight following the rally earlier this week. Concerns over the coronavirus led to the downturn as cases and deaths continue to increase, with almost 640 people dead and more than 31,000 reported cases. The virus has spread to 27 different countries, with a total of 320 cases, including 3 cases in Britain (Reuters)
    A new case in Britain was reported yesterday, of an individual thought to have contracted the virus during a visit to Singapore (BBC)
    In FX, the Bloomberg USD Spot Index moved higher yesterday, continuing its rally that started earlier this week

    GBPUSD moved lower yesterday with the pair hitting a low of 1.2921 yesterday evening (Bloomberg). Reports yesterday said US President Trump and UK Prime Minister Johnson had a tense phone call over Britain’s decision to allow Huawei a role in its 5G mobile phone networks. According to officials on both sides Trump was ‘apoplectic’ with Johnson (FT)

    Today, markets will watch the release of US Labour data at 13:30 GMT. Market consensus is for a 165k increase, while our research team expects a 150k increase. Both consensus and Barclays Research expects the employment rate to remain unchanged at 3.5%

    In EM, Barclays Research and the market expect the Central Bank of Russia to cut rates by 25bp to 6.00% at their meeting at 10:30 GMT today. Barclays Research cite the downward trend in inflation as a catalyst for the cut, with the currency remaining neutral

  5. #1205
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,247
    Post Thanks / Like
    Credits
    27,650
    My Language
    English

    Market Review - Fundamental Perspective - 10 Feb 2020

    • Coronavirus continues to drive risk sentiment
    • Barclays Research revise down China growth forecasts
    • GBPUSD trades below 1.2900 on Friday and this morning


    The Coronavirus has now killed at least 910 people, exceeding the SARS global death toll, and reported cases rose to above 40,000 over the weekend. The WHO continues to voice concern about the spread of the disease from people with no travel history to China. However, a Reuters article has detailed that the Chinese government has eased some of the restrictions on working in the region
    Further to this, AUD rallied against G10 peers after the People’s Bank of China said it will provide the first batch of special re-lending funds to combat the Coronavirus (Bloomberg)

    Barclays Research have revised lower their 2020/21 China growth forecasts to 5.4%/5.8% y/y from the previous 5.8%/5.6%, given the expected economic loss caused by the virus outbreak. They maintain a higher USDCNY bias, but think containment could lead USDCNY to retrace towards 6.9000 in the near term
    Our Research team also expects EM Asia to bear most of the brunt, given its geographic and economic proximity to China. They note Thailand looks especially exposed, followed by Singapore, while Indonesia and India should be relatively insulated
    They expect further SGD and THB weakness and remain long INR

    GBPUSD continued to retrace on Friday amid broad-based USD strength and as investors remain concerned about the upcoming trade negotiations between the UK and EU. The pair moved from above 1.2940 to below 1.2900 on Friday (Bloomberg). Barclays Research however remain constructive on GBP’s prospects, but acknowledge that a lack of data/political catalysts and generally depressed market sentiment are weighing on the risk-sensitive pound at the moment

  6. #1206
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,247
    Post Thanks / Like
    Credits
    27,650
    My Language
    English

    Market Review - Fundamental Perspective - 11 Feb 2020

    • EURUSD lower, AUDUSD rallies and USDCAD retrace
    • Javid strikes a more positive tone with the EU
    • Barclays Research reduce Brent and WTI forecasts


    US and Asian equities traded broadly higher as investors seemingly looked past Coronavirus developments. The death toll from the virus rose to above 1,000 and confirmed cases climbed to above 40,000. The mortality rate from the virus is estimated at 1%, according to Bloomberg

    However, currencies aren’t taking the developments as lightly. EURUSD continues to be under pressure, moving from 1.0950 to under 1.0920 yesterday, its lowest level since September 2019, amid Coronavirus and European economic data concerns
    Elsewhere in FX, AUDUSD rallied 0.5% to above 0.6710 on better-than-expected home loans data. Also, after making a 4-month high on a strong USD yesterday, USDCAD edged back below 1.3300 overnight amid stronger-than-expected housing starts and building permits

    GBPUSD had a relatively volatile day yesterday, with a low of 1.2872 and a high of 1.2946. The pair consolidated between 1.2910 and 1.2920 overnight. Chancellor Sajid Javid struck a more positive tone on UK/EU trade and reportedly wants financial services talks with the EU to produce a “reliable equivalence process” on which “a durable relationship” can be built (Bloomberg)

    Barclays Research published an oil special report overnight and have reduced their Brent and WTI forecasts by $3/b for 2020 and therefore expects Brent to trade at $60/b by Q4 2020. Our Research team highlights that “significant demand erosion due to virus containment measures, an expected large Q2 surplus, an unclear OPEC+ path beyond Q1 and a fluid situation in Libya have created a corridor of uncertainty in oil markets”

    In Emerging Markets, USDTRY had a volatile day and broke back above 6.0000 after five Turkish soldiers were killed by Syrian shelling. Turkey retaliated with strikes on 115 targets in Syria (Bloomberg). Markets will be closely watching any developments here

  7. #1207
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,247
    Post Thanks / Like
    Credits
    27,650
    My Language
    English

    Market Review - Fundamental Perspective - 12 Feb 2020

    · Fed Chair Powell warns virus may threaten global growth
    · UK Q4 19 GDP prints at 0.0% q/q and Q1 20 forecast revised lower
    · RBNZ signals no further rate moves this year, NZD rallies

    Fed Chair Powell warned the Coronavirus may affect global growth telling lawmakers in the US that the outbreak “could lead to disruptions in China that spill over to the rest of the global economy”, but he didn’t mention a change to his view on interest rates. The death toll from the virus rose to over 1,100, however new cases in the epicentre of Hubei slowed for a second day (Bloomberg)
    The Bloomberg USD Spot Index traded lower and settled below 1206.00 after Powell’s comments. EURUSD stopped a six-day fall by trading 0.12% higher on the day. These moves come after ECB President Lagarde acknowledged that the negative side effects from sub-zero interest rates must be closely watched, easing market concerns the bank may consider a rate cut at the next meeting
    In US politics, Democratic candidate Bernie Sanders won the New Hampshire primary, but only by a small margin. Sanders had 25.84%, Buttigieg had 24.4% and Klobuchar had 19.71%, according to the AP count. Joe Biden finished in fifth place and our Research team note this makes the South Carolina primary later in the month critical to his campaign
    GBPUSD rallied by a small margin yesterday and overnight, trading from a low of 1.2895 to a high of 1.2968 on the day. Headline UK GDP printed in-line with expectations yesterday at 0.0% q/q, but on average upward revisions to past quarters lifted the 2019 growth estimate to 1.4% y/y, slightly higher than 2018 (1.3%). Our Research team revised their Q1 20 forecast lower and now expect 0.3% q/q

  8. #1208
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,247
    Post Thanks / Like
    Credits
    27,650
    My Language
    English

    Market Review - Fundamental Perspective - 13 Feb 2020

    · New cases of Coronavirus spike by 15,000
    · EURUSD trades to lowest level since 2017
    · Malaysian Q4 GDP falls to 3.6% y/y

    New cases of the Coronavirus spiked by almost 15,000 in the epicentre of Hubei after it revised the method for counting infections. Additionally, the death toll rose above 1,350. It was also reported Italy may miss its 2020 growth targets because of the virus’ impact (Bloomberg)
    USDJPY fell c.0.30%, trading from above 110.05 to below 109.80 overnight. Commodity currencies traded lower and US Treasuries rose amid the heightened market concerns
    EURUSD traded to its lowest level since early 2017 amid signs of slowing regional economic growth. A report yesterday showed that euro-area industrial output fell by 2.1%, the most in almost four years. EURUSD touched a low of 1.0865 overnight, and continues to trade below 1.0880 this morning
    Sweden's Riksbank kept the repo rate and projected rate path unchanged at its meeting yesterday, effectively indicating its intention to stay on hold until 2022. Barclays Research maintain their view that the next move is biased towards a cut, with inflation below target and growth below potential
    In Emerging Markets, Malaysian Q4 GDP growth tumbled to 3.6% y/y from 4.4% y/y in Q3, below the market consensus. Barclays Research note the main drag was the plunge in agricultural activity. USDMYR rallied c.0.2% and is currently trading above 4.1413 (Bloomberg)
    Focus for EM today is on the Mexico central bank rate decision at 19:00 GMT. Our Research team expects a 25bp rate cut, with a potentially more dovish tone in the communiqué

  9. #1209
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,247
    Post Thanks / Like
    Credits
    27,650
    My Language
    English

    Market Review - Fundamental Perspective - 14 Feb 2020

    • WHO reports that new cases could be days or weeks old
    • UK Chancellor Sajid Javid resigned yesterday
    • Markets will watch the release of US data this afternoon


    The majority of Asian stocks traded higher overnight as fewer new cases of Coronavirus were reported compared to the spike of 14,840 in Hubei the previous day. Market sentiment was also helped by World Health Organization officials saying that most of the new cases reported are actually days or weeks old (Reuters)
    Barclays Research expect that in the current scenario, the large industrialized economies will weather a temporary China slowdown more lightly. In Japan and Europe, whose open economies are more exposed to China, they reduced their 2020 growth forecasts by only a modest 0.1% for now
    JPY rallied c.0.25% versus the USD after new cases of the Coronavirus spiked in the epicentre of Hubei after China revised the method for counting infections. EURUSD continued to extend losses after reaching almost a 4 year low earlier in the week, reaching a low on the day of 1.0834 (Bloomberg)
    GBPUSD traded c.0.8% higher reaching a high of 1.3070 and UK bond yields rose after news that UK Finance minister Sajid Javid had resigned. This was taken as a sign that there will be increased spending announced in the upcoming budget. Javid is replaced by Rishi Sunak, who was previous Chief Secretary to the Treasury (Reuters)
    The market is turning its attention to US data today. Barclays Research forecast a modest increase in import prices excluding petroleum (0.1% m/m). They expect January retail sales to have increased by 0.3%. They also forecast overall Industrial Production to move down 0.3% m/m in January, on the heels of a similar decline in December coming from ex-motor vehicle manufacturing

  10. ARIONFORXtarder
 

 
Page 121 of 121 FirstFirst ... 2171111119120121

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 © 2020 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 07:47 AM.
CompleteVB skins shared by PreSofts.Com