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 106 of 106 FirstFirst ... 65696104105106
Results 1,051 to 1,060 of 1060
  1. #1051
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 05 Jun 2019

    • Global equities gain after Fed Chair Powell signals openness to rate cuts
    • GBPUSD higher after positive remarks from President Trump on US-UK trade
    • NZD jumps to 1 month high against the USD after hawkish RBNZ rhetoric


    Asian and US equities traded broadly higher overnight after comments from US Fed Chairman Powell that the Fed would ‘act as appropriate’ to sustain expansion, signalling an openness to rate cuts. Vice Chair Clarida echoed Powell’s rhetoric in comments afterwards
    GBPUSD traded broadly higher to levels above 1.2700 yesterday amid positive remarks from President Trump on US-UK trade. In a press conference with PM May he mentioned trade between the UK and the US could be ‘two and even three times what we’re doing now’ after Brexit (FT)
    The Conservative Party announced their rules for the upcoming leadership election overnight as PM May formally steps down on Friday. Candidates are nominated on 10th June, after which time ballots will be held over the course of the following two weeks, with the first taking place on 13th June
    The final two candidates will be voted on by the Conservative Party membership between 22nd June and 22nd July
    NZD jumped to a 1-month high against the USD this morning after RBNZ’s Assistant Governor Hawkesby said ‘interest rates will remain broadly around current levels for the foreseeable future.’ This comes in stark contrast to more dovish comments from the Fed and the RBA
    Elsewhere, ZAR came under pressure against the USD yesterday after South Africa reported its biggest quarterly GDP contraction since 2009 in Q1. The headline number came in at -3.2% q/q vs. an expected contraction of -1.6% q/q. (Bloomberg)

  2. #1052
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 06 Jun 2019

    • Asian equities under pressure amid concerns around US-Mexico trade
    • GBPUSD trades higher on weak US ADP data before retracing gains
    • Markets will watch the ECB meeting today at 12:45 BST


    Asian equities came under pressure overnight as concern around US-Mexico trade weighed on risk sentiment. President Trump said yesterday ‘not nearly enough’ progress was made on ways to curb migration. Officials from both sides are set to resume talks today, aimed at averting an imposition of tariffs on Mexican goods (Reuters)
    In FX, the Bloomberg USD Spot Index climbed yesterday, erasing most of the weeks’ losses. USDMXN strengthened to near 19.85 overnight (Bloomberg)
    GBPUSD traded higher yesterday to c.1.2740 amid weak US ADP data before retracing in the afternoon as USD strengthened. Ahead of PM May’s official resignation date tomorrow, the Peterborough by-election takes place today. Nigel Farage’s Brexit Party took the largest share of the vote at the European Elections last month and is contesting this by-election, hoping to elect its first MP
    Markets will watch the ECB meeting today at 12:45 BST. Whilst no rate change is expected, Barclays Research foresees a ‘dovish message from President Draghi, both in the form of concrete measures such as more generous terms on TLTRO III, and verbal interventions, keeping rate cuts/tiering prospects alive’
    In data, US ISM non-manufacturing data strengthened in May, whilst ADP Employment weakened significantly. The headline number came in at 27k vs. consensus of 185k, potentially signalling a weaker US Labour report on Friday. UK Services PMI data beat expectations and offset contraction in manufacturing and construction, leaving the composite PMI number stable at 50.9 (Consensus: 51.0)
    In EM, the RBI cut rates overnight by 25bp to 5.75% as widely expected in order to boost the country’s faltering economy. This move follows two previous 25bp cuts since January 2019 and comes after India’s quarterly economic growth fell to a 20-quarter low of 5.8% y/y for Q1 2019 (FT)
    USDINR strengthened slightly after the decision but has reversed these gains since then

  3. #1053
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 07 Jun 2019

    • US equities continue this week’s rally
    • EURUSD volatile after the ECB meeting
    • Markets will watch the US Labour report today at 13:30 BST


    US equities extended their four day rally yesterday amid reports that the US may delay the tariffs on Mexican goods which are due to start on Monday, however this was later denied by Vice President Mike Pence. Talks are due to continue today and headlines will be watched closely
    GBPUSD remains at similar levels to yesterday morning, despite trading higher yesterday afternoon after BoE Governor Carney said interest rate hikes were still on the table. In UK politics, the Peterborough by-election resulted in a win for Labour by a majority of just 683 votes, but this had a limited impact on markets
    Today, PM May will step down as leader of the Conservative party and the leadership contest to find her replacement will officially begin. She will stay as Prime Minister until her successor is chosen (FT)
    EURUSD was volatile yesterday after the ECB meeting, ending the day higher overall around 1.1280. Despite keeping rates on hold, ECB President Draghi said the bank could take further action to support the euro-area economy during a period of weakening growth. The details of TLTRO III were also presented and forward guidance on rates to remain on hold was extended by 6 months until mid 2020
    Barclays Research revised their forecast and expects ‘no policy rate changes throughout the forecast horizon that runs through to the end of 2020’ and believes the policy bias is towards more easing depending on the impact of prolonged trade wars
    Today markets will watch the US Labour report at 13:30 BST. Barclays Research expects nonfarm payrolls to increase 175k vs. a consensus of 180k and the unemployment rate to move slightly lower to 3.5%, despite the market consensus for it to remain unchanged at 3.6%
    Barclays Research also revised their forecasts for Chinese GDP ‘to reflect the weaker global economic environment amid the recent escalation of trade and tech tensions.’ They cut the 2019 GDP forecast by 50bp to 6.0% and the 2020 forecast by 70bp to 5.5%

  4. #1054
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 10 Jun 2019

    • Global equities trade higher after US tariffs on Mexican goods were suspended
    • Barclays Research revises US growth figures following disappointing US employment data
    • USDCNY strengthened overnight after Chinese exports fall


    Equities traded higher on Friday after President Trump ‘indefinitely suspended’ his plan for tariffs on Mexican goods, which were due to come into effect today. Following the announcement, MXN gained against the USD, retracing much of the move seen since tariffs were originally announced (Bloomberg)
    Also on Friday US Non-farm Payrolls came in worse than expected at 75k vs. consensus of 175k, whilst the unemployment rate stayed the same at 3.6%. USD dropped against other G10 currencies after the data release
    Barclays Research has revised down their US growth forecasts to 2.5% in 2019 and 1.4% in 2020 amid ‘signs of another industrial recession and weakness in business spending’
    They also now expect the Fed easing cycle to begin in July with a 50bp rate cut, followed by one additional 25bp cut in September
    GBPUSD gained last week amid broad-based USD weakness. This week, focus will shift to the Conservative leadership election. Candidates have until 17:00 BST today to officially declare they are running with the first vote between Tory MPs taking place on Thursday
    This morning, former Foreign Secretary Boris Johnson reiterated he would proceed with Brexit on 31st October 2019 with or without a deal, and pledged to cut taxes and hold on to money owed to the EU until the terms became more favourable (Bloomberg)
    Markets will also watch today’s release of UK GDP data for April. Barclays Research and the market expect a figure of -0.1% m/m
    USDCNY strengthened overnight after Chinese imports fell the most in nearly three years in a further sign of weak domestic demand. Exports unexpectedly returned to growth despite higher US tariffs, rising 1.1% from a year earlier (Reuters)

  5. #1055
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 11 Jun 2019

    • Global equities trade higher as trade tensions ease
    • GBPUSD on weak footing after lower UK GDP data
    • Conservative MPs confirm intention to run in leadership contest


    Global equities continue to trade higher amid receding trade tensions following President Trump’s suspension of tariffs on Mexican goods. Asian equities gained in particular after Beijing eased financial rules to boost local government spending on major investment projects in a bid to support the slowing economy (Reuters)
    However it is worth noting President Trump threatened to impose a new round of tariffs on Chinese goods should President Xi fail to meet him at the G20 summit this month (FT)
    GBPUSD traded lower on the day after UK GDP surprised to the downside at -0.4% m/m vs. market consensus of -0.1% m/m. The data showed manufacturing was hit by factory closures in the auto sector after the Q1 stockpiling. Barclays Research sees ‘downside risks to our flat Q2 GDP forecast given the scale and broad based nature of the weakness’
    Markets will watch UK earnings and employment data today at 09:30 BST
    In UK politics, 10 Conservative MPs confirmed they were running to become the next Prime Minister yesterday, including former Foreign Secretary Boris Johnson, Environment Secretary Michael Gove and Foreign Secretary Jeremy Hunt
    All candidates agree that Britain has to leave the EU but limited detail has been given as to the specifics
    The first ballot takes place on Thursday between 10:00 and 12:00 BST, and any candidate receiving sixteen votes or fewer will be eliminated

  6. #1056
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 12 Jun 2019

    • Asian equities trade lower amid concerns on US-China trade relations
    • Markets will watch the release of US CPI today at 13:30 BST
    • GBPUSD moves higher after positive UK labour data


    Asian equities traded lower overnight after President Trump admitted to holding up the Sino-US trade deal, saying that ‘unless they go back to the original deal, I have no interest.’ Safe-havens gained amid a risk-off sentiment, with JPY strengthening against the USD this morning
    Chinese CPI was released overnight, showing that consumer prices rose 2.7% y/y in May – the fastest pace in 15 months
    In FX, the Bloomberg USD Spot Index traded lower ahead of US CPI data, released today at 13:30 BST. The figure will provide further indication of the health of the US economy and the potential for Fed rate cuts this year
    Barclays Research maintains the view that ‘core CPI will remain solid throughout 2019, reaching 2.2% in December’
    GBPUSD traded above 1.2700 yesterday amid USD weakness and after UK employment data was released. The labour market remained resilient in April, with Average Weekly Earnings better than expected at 3.1% and mild employment growth of 49k
    However, Barclays Research believes ‘the pick-up in core weekly earnings growth seems to be driven by temporary factors, such as a one-off public sector pay band increase’
    In commodities, Brent Crude fell more than 1% overnight on reports that US crude inventories increased further. Additionally, the US Energy Information Administration cut its forecasts for 2019 world oil demand growth (Reuters)

  7. #1057
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 13 Jun 2019

    • Asian equities lower amid concerns around global trade
    • GBPUSD weakens after UK Parliament fails to block no-deal
    • US inflation comes out weaker than expected


    Asian equities continue to trade lower amid global trade tensions after President Trump threatened sanctions over Chancellor Merkel’s support for the Nord Stream 2 gas pipeline between Russia and Germany. The project between the two countries clouds the US ambitions to export its own LNG to Germany (Bloomberg)
    In FX, JPY strengthened against the USD as investors sought safe havens
    GBPUSD dropped yesterday below 1.2700 after the UK Parliament rejected Labour’s bid to block a no-deal Brexit. Today Conservative MPs will vote in the first round of the Tory Leadership election where candidates need at least 16 votes to progress. Whilst Johnson, Gove and Hunt are expected to reach this threshold, other candidates such as McVey, Hancock and Stewart may not
    Voting will take place by secret ballot in the Commons, with the result expected after 13:00 BST (BBC)
    US inflation came out slightly weaker than expected at 0.1% m/m. A decline in energy prices held the headline number back, despite food prices increasing at a strong pace. Barclays Research believes ‘the recent softening in activity and labour market indicators implies that upside pressures from capacity utilisation are unlikely to build up as strongly as anticipated’
    Elsewhere, AUD fell to a two-week low of c.0.6904 (Bloomberg) against the USD after a higher than expected unemployment rate increased speculation that the central bank will cut interest rates as soon as next month

  8. #1058
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 14 Jun 2019

    • US equities higher amid rising expectations of Fed rate cuts
    • Oil prices jump after an attack on oil tankers in the Gulf of Oman
    • GBPUSD trades sideways after the first ballot for the next Tory Leader was released


    US equities gained overnight amid rising expectations that the Fed will lower rates. Yesterday US initial jobless claims data was released, which rose 222k vs. market expectations of 215k, further fuelling expectations of a rate cut
    In FX, the Bloomberg USD Spot Index moved sideways, whilst USDJPY was volatile, trading broadly lower
    In commodities, oil prices jumped yesterday, briefly trading past $62 before stabilising around $61.70 following an attack on two tankers in the Strait of Hormuz. The US has blamed the attack on Iran, heightening concerns over a possible conflict in the region, despite Iran denying the allegations (FT)
    AUD and NZD came under pressure yesterday following the reports and as the prospect of interest rate cuts in both countries increased
    GBPUSD was broadly unchanged yesterday as the first ballot to elect the next leader of the Conservative party was released. Johnson received the most support as widely expected, with 114 votes – significantly more than his nearest rival Hunt, who came second with 43 votes. Three leadership hopefuls failed to reach the threshold number of votes – Leadsom, Harper and McVey
    The remaining 7 in the contest will face a further ballot on Tuesday 18th June
    Health Secretary Hancock is reportedly considering pulling out after receiving 20 votes as the remaining candidates consider how best to challenge frontrunner Johnson (BBC)
    Today markets will watch the release of US data this afternoon. At 13:30 BST we receive US Retail Sales, where Barclays Research expects an increase of 0.6% m/m led primarily by autos and core sales. At 14:15 BST we receive US Industrial Production, where Barclays Research predicts a 0.2% increase and expects ‘manufacturing to remain on a weak trajectory, edging down 0.1% m/m’

  9. #1059
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 17 Jun 2019

    • Global equities traded mixed last week
    • GBPUSD moves lower amid UK political uncertainty and broad-based USD strength
    • This week, markets will watch the US Fed meeting on Wednesday


    Global equities traded mixed last week amid continued trade tensions, political uncertainty in the Middle East and as expectations of central bank rate cuts increased. This morning, Asian equities trade broadly higher with the Hang Seng up c.0.5% after Hong Kong suspended a controversial extradition bill (Reuters)
    On Friday, US retail sales rose 0.5% m/m, and the April data was revised substantially higher, with Barclays Research seeing ‘a stronger momentum in consumer spending than what was earlier expected’. In addition, industrial production increased 0.4% m/m – stronger than market expectations of 0.2% m/m. Barclays Research believes ‘the increase in overall IP was mostly driven by a weather-related swing in the utilities category’
    In FX, the Bloomberg USD Spot Index climbed c. 0.4% after the data was released
    GBPUSD traded lower over the course of the week from highs of c.1.2750 to below 1.2600 on Friday amid broad-based USD strength. Focus continues to be on the UK Conservative leadership challenge this week with the second round of voting taking place on Tuesday
    This week, markets will watch an abundance of central bank meetings with particular focus on the Fed on Wednesday. Whilst the committee will likely keep rates on hold, Barclays Research expects ‘a move away from the current stance of “patience” to one of “flexibility” when assessing incoming information’

  10. #1060
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    4,098
    Post Thanks / Like
    Credits
    27,061
    My Language
    English

    Market Review - Fundamental Perspective - 18 Jun 2019

    • Asian and US equities trade mixed ahead of the US Fed meeting tomorrow
    • GBPUSD sinks to new 6 month lows as the Tory leadership contest continues
    • AUD weakens amid signs of policy easing from the central bank


    Asian and US equities traded mixed ahead of tomorrow’s US Fed meeting and amid heightened global risk sentiment. Overnight, US Defence Secretary Shanahan announced the US will send another 1000 troops to the Middle East ‘for defensive purposes to address air, naval and ground-based threats’
    In FX, JPY strengthened against the USD overnight as investors sought safe havens
    GBPUSD weakened further yesterday and sank to a new 6 month low of 1.2512 this morning (Bloomberg). The Conservative leadership contest continues today with Tory MPs voting for the next Prime Minister in a second round. Former Foreign Secretary Johnson remains the clear frontrunner after winning the first ballot earlier this month with 114 votes
    Voting will take place by secret ballot, with a result expected some time after 18:00 BST
    Any of the 6 remaining candidates will be eliminated if they come last or fail to secure at least 33 votes
    Elsewhere, AUDUSD fell to a 5 month low of 0.6833 (Bloomberg) after minutes from the central bank’s latest policy meeting were released, signalling further easing in monetary policy may be required
    Barclays Research maintains its view of another rate cut in August, which would take the policy rate to a historic low of 1.0%

  11. ARIONFORXtarder
 

 
Page 106 of 106 FirstFirst ... 65696104105106

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 12:44 AM.
CompleteVB skins shared by PreSofts.Com