Year: 2019

StockBeat: Dovish Fed, Dominant Tories Push Europe Markets Higher

By Ritu, Capital Sands European stocks found their feet again on Wednesday after the Federal Reserve signalled that it’s likely to remain on hold throughout next year, seemingly convinced that historically low jobless rates won’t create enough inflationary pressure to warrant a rate hike. By 5 AM ET (1000 GMT), the benchmark Stoxx 600 was up 0.3% at 407.50, while the FTSE MIB was […]

Forex – U.S. Dollar Slips After Fed; Pound Gains Ahead of ECB Meeting, Election

By Ritu, Capital Sands The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.1% to 97.035 by 10:02 PM ET. Overnight, the Federal Open Market Committee (FOMC) left its benchmark rate unchanged in the range of 1.5% to 1.75%. “Committee judges that the current stance of monetary policy is appropriate to support sustained expansion […]

Pound slips on UK poll projections, dollar eyes Fed

By Ritu, Capital Sands The British pound slipped early on Wednesday after a poll showed a narrowing lead for Prime Minister Boris Johnson’s Conservative Party in an election later in the week, while U.S. dollar movement looked to the Federal Reserve’s policy meeting. Investors were also focusing on what U.S. President Donald Trump will do with U.S. tariffs on nearly […]

Federal Reserve Interest Rate Decision December 10-11 Preview: Watching for the Projection Materials

By Ritu, Capital Sands No expectation for a change in the fed funds target rate. US economy has strengthened since the October FOMC. Market interest will be on the Fed’s rate and GDP estimates for 2020 and 2021. The Federal Reserve will finish its scheduled two day meeting of the Federal Reserve Open Market Committee (FOMC) on Wednesday December 11th. […]

Stocks Slip While U.S. Futures Drift With Bonds: Markets Wrap

By Ritu, Capital Sands Stocks fell in Europe while U.S. equity-index futures fluctuated in the countdown to major central bank meetings and a deadline on fresh China tariffs. Treasuries and the dollar were steady. The Stoxx Europe 600 Index opened lower for a second day as almost every industry sector traded in the red. Contracts for the main American gauges […]

Dollar steadies as investors brace for key risk events

By Ritu, Capital Sands The dollar and yen held the safe-haven high ground on Tuesday, with investors on edge ahead of a looming tariff deadline, the UK election and upcoming central bank meetings in Europe and the United States. Front of mind is whether Washington will go ahead with a fresh round of tariffs on Sunday, or whether a deal […]

Oil prices slip as weak China exports highlight trade war impact

By Ritu, Capital Sands Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-U.S. trade war. Brent futures (LCOc1) were down 21 cents, or 0.3%, at $64.18 per barrel, after gaining about 3% last week on […]

Dollar bolstered by U.S. jobs data, markets look to trade talks

By Ritu, Capital Sands. The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade war. The dollar index stood almost flat at 97.706 in mid-Asian trade, after rising 0.3% on Friday. The euro traded at $1.10575, after hitting […]

Good, Bad and Ugly: Decisive Week May Set Course for Currencies

By Ritu, Capital Sands The next week could set the tone for the $6.6 trillion-a-day currency market in 2020.The geopolitical risks that have shaped foreign exchange this year — Brexit and the U.S.-China trade war — are approaching a critical point, according to Credit Agricole SA. The U.K. will vote for a government on Thursday to negotiate the next phase […]

Forex – U.S. dollar Unchanged Ahead of Job Report

By Ritu, Capital Sands The U.S. dollar was unchanged on Friday in Asia as traders awaited the release of the latest U.S. job report, which is due at 8:30 AM ET (13:30 GMT). The U.S. dollar index that tracks the greenback against a basket of other currencies was unchanged at 97.380 by 1:30 AM ET (05:30 GMT). Analysts tracked by Investing.com expect […]