Queens reign marked by jump in global indices

9 September, 2015

A huge jump in Japanese stocks overnight is filtering through to European indices this morning where the FTSE 100 is due to open 100 points higher and German Dax up over 200 points. Whilst it would be romantic to think the FTSE 100 is cheering the Queen becoming the longest reigning monarch in British history today, the reality is that investors expect monetary easing from Central Banks around the globe to continue and tightening cycles to be put firmly on hold.

But whilst equities are set to bounce strongly, focus remains on Central Banks today and tomorrow with rate decisions from the Bank of Canada and Reserve Bank of New Zealand today, followed by the Bank of England tomorrow. It’s the RBNZ that is expected to move but rather than beat the Federal Reserve to commencing its tightening cycle it is amongst the Central Banks that is continuing its easing cycle. A rate cut of 0.25% to 2.75% is likely and even more is expected later in the year bringing the rate to 2.50% which would totally unwind the tightening the RBNZ undertook in 2014. Whilst NZDUSD has bounced overnight to 0.6380 the downtrend remains intact and bearish traders will be eyeing up a return to the sub 0.6000 area last seen during the banking crisis in 2009. Before the RBNZ the BOC is set to keep rates on hold at 0.5% and yet another dovish statement is expected. With further evidence of Central Banks worldwide maintaining their dovish stances and many continuing to ease, it makes it even harder to see the Federal Reserve raise rates next week.


Source link  
Why U.S. markets are under pressure

Global markets are on the rise on Wednesday, adding more than 1.2% on the MSCI Asia ex Japan index. Japanese Nikkei jumped by 2%. Chinese...

Dow recovers after 500 points decline

Stocks closed higher Monday as major indexes bounced back from earlier losses as renewed confidence in the strength of the U.S. economy offset lingering...

Pound rallied, stocks declined

The U.K. main stock index closed lower Thursday, weighed down by weakness for resource stocks and banks and a strong pound as the outline of a key agreement...


Oil slips as U.S. inventories swelled

Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although...

Crude's Collapse Is Sending Shockwaves

Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing catch-up....

Dollar growth pushed down stock indices

Monday was a hard day for the financial markets. American DJI lost more than 2.3% and S&P500 decreased by 2.0%. As in previous weeks, the main pressure...


U.S. stocks recover after elections

Preliminary estimates of the U.S. election results support a positive mood on the world markets, reducing the demand for protective assets and causing...

Cautious mood has returned to stocks

American markets ended trading on Wednesday with a slight increase. Asian bourses also experienced growth at the opening, but it was quickly...

Emerging markets rebound seems over

Asian markets have turned to a decline with a renewed force. After the rebound of last week, the index MSCI Asia ex Japan loses 1.2% and is only...


In the past 24 hours Bitcoin has lost -0.72% and reached $3438.93946324. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.4129% and is now at $1.1327. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -11.21% and is now at $90.148267467. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Daily Forex Market Reviews


Forex Currencies Forecasts


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets92%
2FXTMFXTM88%
3HYCMHYCM87%
4Alfa-ForexAlfa-Forex86%
5FxProFxPro85%
6FIBO GroupFIBO Group84%
7OctaFXOctaFX83%
8HotForexHotForex82%
9AvaTradeAvaTrade80%
10FXCMFXCM78%
  


Share: