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18.11.2022 11:28 © ActivTrades Europe S.A. | 2022
Investor expectations are now set on a Fed pivot to a less hawkish stance
FOREX The US dollar is trading flat in relation to other major currencies, as the European session gets underway. The greenback posted some gains during the previous session, following the release of US consumer data which surprised to the upside and some hawkish remarks from senior Federal Reserve...
© ActivTrades Europe S.A. | 2022
18.11.2022 06:45 © CMC Markets (UK) | 2022
UK retail sales set for a modest rebound
The UK gilt market reaction to yesterday’s budget was a benign one in contrast to the reaction of the Kwarteng budget, which perhaps wasn’t too surprising given that most of it had been briefed out beforehand.We did see some initial sterling weakness, but a lot of that was down to US dollar stre...
© CMC Markets (UK) | 2022
17.11.2022 15:35 © CMC Markets (UK) | 2022
Sterling slips back as Hunt unveils bleak budget
Having been delayed several times already, today’s Autumn budget came against a very different backdrop to the one we saw at the end of September, when yields started their sharp move higher, and the end of October, when it was originally slated to be announced. .With gilt yields now back at more...
© CMC Markets (UK) | 2022
17.11.2022 11:27 © ActivTrades Europe S.A. | 2022
The US dollar is trading almost flat in relation to other major currencies
FOREX The US dollar is trading almost flat in relation to other major currencies as the European session gets underway. The tone for the dollar narrative has recently been dictated by those who expect the Federal Reserve to reduce the pace and scope of its monetary tightening drive, creating a dyna...
© ActivTrades Europe S.A. | 2022
17.11.2022 06:59 © CMC Markets (UK) | 2022
UK Autumn budget in focus
European markets struggled yesterday, unable to shrug off the concerns over the missile explosion in Poland that killed two people, with tensions remaining high on concerns that an escalation might still be a very real risk.US markets also came under pressure after a disappointing quarterly update a...
© CMC Markets (UK) | 2022
16.11.2022 12:50 © ActivTrades Europe S.A. | 2022
The pound lost ground to other major currencies
FOREX The pound lost ground to other major currencies on Wednesday morning, following the release of UK inflation data. Consumer prices rose by 11.1% during the month of October, compared with the same period of the previous year – the steepest increase in more than 40 years. These numbers wi...
© ActivTrades Europe S.A. | 2022
16.11.2022 07:15 © CMC Markets (UK) | 2022
UK inflation expected to rise to 10.7 percent
We saw another decent session for markets in Europe yesterday, after US PPI followed CPI last week in coming in lower than expected, although the FTSE100 underperformed after the pound briefly surged to the 1.2000 level against the US dollar.US markets also underwent another solid session...
© CMC Markets (UK) | 2022
15.11.2022 10:45 © ActivTrades Europe S.A. | 2022
GOLD Gold prices touched a 3-month maximum during early Tuesday trading. The price of bullion continues to rise, showing a clear correlation with the ongoing dollar weakness. The greenback has been under pressure since the release of US employment figures for the month of October earlier this month...
© ActivTrades Europe S.A. | 2022
15.11.2022 07:32 © CMC Markets (UK) | 2022
UK unemployment and US PPI in focus
Despite a rebound in yields as well as the US dollar, European markets managed to start the week on a positive note, diverging from what would eventually be a negative US session, which rolled over in the last 2 hours of trading with the Nasdaq 100 and S&P500 leading the way lower.We heard from...
© CMC Markets (UK) | 2022
14.11.2022 07:46 © CMC Markets (UK) | 2022
Could we be set for further US dollar losses
Last Tuesday I posed the question as to whether we’ve possibly seen peak US dollar? Since then, the greenback has fallen over 4.5% against the Japanese yen, as well as the Swiss franc, while we’ve seen the euro retest its August peaks.The break below the 140.00 level against the Japanese yen fee...
© CMC Markets (UK) | 2022
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