A stronger footing for markets

February 16, 2016

The tone to markets this week is very different to last. We are seeing equities higher once again in Europe, with oil prices also firmed as speculation mounts that there may be some deal in relation to supply cuts between Saudi and Russia. This has allowed Brent to jump above the USD 34pb level. For currencies, naturally those currencies hit hardest by risk aversion are seeing the strongest rebound, such as the Canadian dollar and also the Aussie dollar. The RBA minutes overnight showed the central bank still relatively positive on the domestic economy, with no real sign that they see a need to cut rates further from their current level. That did not hold from the Bank of Korea, with one member voting for lower rates, pushing down the already weak Korean Won.

For today, the initial focus will be on inflation data in the UK, where the headline rate is seen nudging higher to 0.3%, from 0.2% previously. The pricing in UK markets has changed markedly over the past two weeks, with the risk of an easing from the Bank of England now priced into money markets. Weaker than expected data could well weigh on the currency, which itself has been under pressure for most of the month as sterling has been seen less of a safe haven currency in light of the turmoil being seen globally.

Publication source
FxPro information  FxPro reviews

October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

FXCM Rating
Fort Financial Services Rating
Orbex Rating
HYCM Rating
Grand Capital Rating
HotForex Rating

365BinaryOption Rating
OptionRally Rating
Anyoption Rating
OptionsXO Rating
TopOption Rating
24option Rating