Yesterday was the day of unexpected dollar recovery. One of the presumable explanations is the growing demand on the safe-haven assets, and very often precisely dollar plays such a role in the foreign exchange market. Kind of trigger became information from China, specifically the release of statistics on the level of business activity in China. This is the Caixin...
On the last day of the year, optimism never returned to the financial markets, which were engaged with a wrap-up the outcomes of the outgoing year. The results are generally unhappy. In particular, the capitalization of the world stock market fell by almost $12 trillion. This is the worst year since 2008 and the second unsatisfactory in history. And although the...
After a “breathing space” and optimistic day, the financial markets, seems, have decided again to came back into the festive depressive mood. As a result, demand for the safe-haven assets, both in the commodity markets (gold), as well as in financial (Japanese yen), has grown. Stock markets going underwater took the cryptocurrencies with its. The dollar, after it...
Yesterday was a day of release in the financial markets: the US stock market showed the maximum daily gain since 2009, oil prices soared, and for safe-haven assets - somewhat corrected. Such boosts of volatility in the absence of significant news are generally explainable: holidays and most of the parties in financial markets are resting. Accordingly, the...
Despite the holidays, the turbulence remains in the world. After Trump presidency, it’s very easy to find a chief troublemaker. And now again he continues to create tension and doesn’t allow traders to take some rest and enjoy with a festive feeling. The US stock market has fallen before the Christmas, oil prices have crashed, it is stormy on the cryptocurrency...
Since today is a Christmas and the day off on FOREX, so besides the wishes all the best for our readers, we have an opportunity to distract a little from everyday fuss and look at the situation in the foreign exchange market more generally outside the context of current events. Since the base currency so far is the dollar, in the current review we share our point...
Our first review of the new week we start with an analysis of the highlight events of the last week, all the more the upcoming one promises to be much boring since it is a holiday period for many parties of the financial markets. So, the central event of the past week without any doubts was the meeting of the Federal Open Market Committee on Operations. The rate,...
Thursday was for the first time in last week or even more the breather day. Accordingly, the main pairs lost any interest in the formation of directional motion and gladly laid down in a flat. However, you should not relax at any time an explosion of volatility can occur. The most likely candidates, of course, are the UK and the British pound. For instance, as a...
Yesterday Great Britain, that already became a habit, was a provider of sensations and turbulence in the foreign exchange market. The opposition was able to gather votes for a non-confidence vote for current Prime Minister Theresa May. We’ve already noted yesterday such scenario and written that it likely plays into May's hands rather than is a threat. It helps...
After almost a heart attack on Monday in the financial markets, Tuesday was a pretty quiet day. From the one hand, markets needed a day-off, from the other - a general fundamental background acted calming, besides there were no new stimuli. So, the day was totally calm. We can remind unless the UK labor market statistics, but as for traders there is no time for...
All the exciting things in the financial markets as already traditionally for the latest period are happening around the British pound. It underwent other sales and reached its minimum for the last year and a half. And it’s not about the UK macroeconomic statistics, which came out quite weak. A devaluation of the pound due to the news that Theresa May has decided...
Last week ended considerably unexpected, at least for us. These were about low numbers of the NFP. +155,000 employment, which is lower than the average forecast of 200,000 (recall, we expected the exceed of the forecast). Besides, the October figures were revised downwards (from 250,000 to 237,000). Hourly wage increased by 0.2% m/m (forecast 0.3% m / m.) The only...
From the point of view of macroeconomic statistics, the main event of the day yesterday was the publication of the ADP report on the level of employment in the US private sector. The data unpleasantly surprised: with the forecast of +195, in fact, it was only +176K. For the dollar, this is generally a rather alarming call on the eve of the main event - a block of...
Unlike the rapid Tuesday, on Wednesday wasn’t no volatile pound's bursts neither a rampant gold growth, although we couldn't avoid another wave of sales in the US stock market. It was related partially with the close US financial markets due to mourning for George H.W. Bush. Besides, China has somewhat defused tensions, which hastened to assure panicked...
Yesterday the financial markets were consumed by outcomes of the G20 summit, precisely the arrangements between the USA and China. We were describing it substance in yesterday review so today we will try to analyze a long-term influence of this landmark deal on the main assets. In order to understand which of the assets will grow on this news and, accordingly,...
The last couple of weeks although were considerably volatile for the financial markets, by and large, little has been essentially changed in the fundamental background. As a result, last week the markets at all focused on fortune-telling on the coffee grounds, trying to predict the future of the Fed's monetary policy, based on the words of Fed Chairman Jerome...
Last Friday of the month could be difficult in terms of price dynamics in financial markets. For instance, may start fixing gains in short positions in oil. There is a formal reason for this - Russia has partially reduced its oil production in November and announced and expressed their willingness to substantive negotiations to cut oil production. Thus, the...
Yesterday, in the financial markets (apart from the cryptocurrency market), until the speech of the Fed Chairman Jerome Powell was considerably quiet. In many ways, this was due to the absence of surprises in the information field. By and large, the current positional struggle continued. Data on US GDP for the third quarter (revised) came out exactly with the...