Caution reigns

24 November, 2015

Investors remain cautious during this shortened trading week for the US markets as we near Thanksgiving celebrations and a week that is usually known for low trading volumes. Whilst this marks the build up to the festive season, markets are still shrouded by concerns over security in some of Europe’s major cities and at the same time focus remains on US data which disappointed a little yesterday with a lower than expected manufacturing PMI and new home sales. Meanwhile US Treasury 2 year yields continue to rise indicating heightened chances of a rate hike from the Fed in three weeks time.

Today’s thin economic calendar sees the second estimate of US GDP released at 13.30 GMT and then consumer confidence expected to rise to 99.5 from 97.6 which could be dollar supportive if this recoups the 100.0 level, but it will be interesting to see if the terror attacks in Paris have had a knock effect for consumers across the pond. Before then there is the German IFO data at 9.00 GMT which is expected to dip a little and could move EURUSD lower to test the 1.0600 level again.


Source link  
Market Sentiment Hinging On Progress In Brexit

The British parliament will vote on the Brexit agreement today at 18:00 GMT. In theory, this should be a simple vote, with a definite...

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...

  


Share it on:   or