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  
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...

Euro and Gold instead of Dollar

Gold rose on Monday to the highest levels since February, reaching $1327 per ounce. In the first hours of the Tuesday trading session, there...

Markets recover after the drop

The markets decline on investors' fears that trade conflicts will drag on and slow down demand, and this dynamic coincided with breaking through important...


Markets pressured by Huawei problem

Alphabet and some other American IT companies have suspended business with Huawei, which is one of the first examples of major consequences for...

The climate is changing rapidly

British people need to fly less, drive electric cars, eat little meat and turn their home thermostats down to 19 degrees Celsius (66 Fahrenheit) in order to rein...

Chinese stocks saw their worst week

Chinese stocks have taken investors on a ride this year. Shanghai and Shenzhen have been the best performing global markets this year, with the Shanghai...

  


Share it on:   or