Market nerves growing

13 November, 2015

Janet Yellen gave little away yesterday as she made no reference to interest rate policy and then the Vice Chairman Stanley Fischer also kept his cards close to his chest allowing for some profit taking in the dollar. After a day of multiple speeches and remarks from Federal Reserve policy makers, volatility in the FX markets was not as high as one might have expected, but risk aversion in the equity markets set in once again. We are expecting further softness in European equities on the open today in conjunction with weaker commodity markets and heightened expectations of a rate hike from the Fed next month.

US data will remain a focus and we see the release of retail sales at 13.30 GMT which is expected to rise for the month of October and then there’s the Michigan Consumer Sentiment at 15.00 GMT. Better data on these releases could put further pressure on commodity prices as it will only add further weight to the possibility of the Fed moving in December and it would also put more pressure on equity markets which have seen a poor start to November, usually a bullish month by historical standards.


Source link  
Market shows demand for yielding assets

The market shows demand for yielding assets, which in turn supports demand for the stocks and currencies of emerging markets. The main...

Yuan and Dollar as a weapon in trade wars

The US Nonfarm Payrolls on Friday could even be called boring: the report showed the preservation of a completely healthy labour market...

Disappointment with Fed and tariffs

Trump announced 10% tariffs on Chinese goods worth $300 billion since September 1, thus ending the US-China trade truce after disappointingly...


Fed pushes down stocks

Markets have started the week under pressure. Expectations that the Federal Reserve will cut interest rates by 50 points in July collapsed...

Gold updates new 6-years highs

Gold benefits from a combination of two factors: lower interest rates in debt markets and continuing hopes that the global economy...

Markets recede from the recent highs

A strong Nonfarm Payrolls caused pressure on the stock markets, reducing the chances of the interest rates lowering by the Fed in the upcoming months...


Gold resumes rally, pushing past $1400

Gold prices resumed a push higher on Monday, as flows into the precious metal continued on improved prospects for easier monetary policy from...

Gold rises as markets slip

Market caution continues to support gold. Quotes of this metal rose to $1337, repeatedly trying to push above this year highs at the 1340-1360 area...

Trump says Brexit should happen

President Donald Trump promised the U.K. a "phenomenal trade deal" Tuesday, on the second day of his state visit to Britain...

  


Share it on:   or