Sliding into year end

18 December, 2015

Currently markets feel like a newly married couple, trying to find their way in a newly anointed relationship. That new world is one of higher interest rates in the US, as much anticipated and expected the move was. The situation is probably not helped by declining liquidity into the festive period, which is going to be a factor for markets from today but especially from Monday until the end of the month. For equities, the honeymoon period may already be over, with the S&P500 down 1.5% by the close of yesterday’s session. The softer tone is also being carried over into the European session today, with indices on average 0.5% softer. Overnight, the mid-point on USDCNY nudged higher once again, for the chart looking like a steep mountain slope and this being the tenth consecutive move higher. We’ve also seen some adjustments from the BoJ after their latest policy meeting, which amounts to technical changes to their quantitative easing program, rather than an expansion of it. Still, the initial confusion saw the yen weaken briefly to the 123.00 level on USDJPY before the subsequent recovery below 122.00.

The single currency is finding itself under some selling pressure at the start of European trading, back towards support at the 1.08 level. The data calendar is relatively light, so markets are likely to be on the choppy side as liquidity thins and institutions square up books ahead of year end. The main exception is Canadian CPI data in calendar, where both the headline and core rates are seen rising. The Canadian dollar itself has been weakening consistently for most of the month to date, with USDCAD turning just shy of the 1.40 level. The currency looks vulnerable to a short squeeze should the data come out firmer than expected.


Source link  
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...

Rebound in Asian markets intensifies

On Friday morning, the demand for risks on the Asian bourses continues to recover. MSCI for Asia ex Japan is adding more than 1.2% this morning, having...


Reasons to rebound EM indices

Asian markets are adding after reaching 14-month lows the day before. Positive markets are supported by the reports about China's invitation to trade...

Strong data supports U.S. markets

Stocks of the Emerging Markets remain under pressure on Wednesday morning, with positive sentiments prevailing in American markets following...

Pound press dollar on news about Brexit

Michael Barnier, the EU's top negotiator on Brexit, called a reaching of the agreement on the deal within next 6-8 weeks realistic. This news supported...


In the past 24 hours Bitcoin has gained 0.82% and reached $4583.5600803. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0% and is now at $1.13. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -33.9% and is now at $135.115098067. 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
1easyMarketseasyMarkets90%
2FXTMFXTM87%
3HYCMHYCM86%
4Alfa-ForexAlfa-Forex85%
5FxProFxPro84%
6FIBO GroupFIBO Group83%
7OctaFXOctaFX82%
8HotForexHotForex80%
9FXCMFXCM78%
10AvaTradeAvaTrade76%
  


Share: