Dip buyers are making themselves heard in European morning trade, as equities are bought back up on the session.European indices are now mixed with those holding losses seeing it trimmed to around 0.1% to 0.4% only. That compares with the much dour mood as losses were well over 1% earlier at the ope
Schlagwort-Archiv: Forex
Kremlin says US response does not address Russia’s main security demands, concerns
It will take time for Moscow to review US responseRussia will not rush to make an assessmentBut it is clear that main security demands, concerns have not been taken into accountIt is possible to continue dialogue, it is within both sides‘ interestsA positive takeaway is that Russia says that there w
US MBA mortgage applications w.e. 21 January -7.1% vs +2.3% prior
Prior +2.3%Market index 551.7 vs 593.7 priorPurchase index 300.1 vs 305.7 priorRefinancing index 1,989.4 vs 2,276.3 prior30-year mortgage rate 3.72% vs 3.64% prior
Germany cuts 2022 GDP growth forecast to 3.6% from 4.1% previously
The cut in the forecast isn’t surprising as they have to factor in omicron risks, even as the economy is seemingly more resilient than anticipated to start the new year. The government adds that it expects the growth this year to be solely driven by domestic demand and local investments.Meanwhile, t
Cable drop stalls for now, but sellers keep in control
Cable has been trading very much akin to a commodity currency since the turn of the year and well, I guess that says a lot more about what is driving the pair in the past few weeks. It is largely about the dollar side of the equation and I would argue to some extent the technicals as well, if you
Equities keep more buoyed in European morning trade
Meanwhile, US futures are also trading up rather modestly on the session currently. S&P 500 futures are up 1.2%, Nasdaq futures are up 1.8%, and Dow futures are up 0.8%.That’s a very solid showing in terms of risk appetite but then again, I fear that equity investors are discounting the potential fo
How to Pick a Stock?
I remember
that when I first entered the stock market, I was very excited and nervous, it
felt like a rush of blood. At that time, I had no experience, I didn’t study or
analyse anything about the market, and I knew nothing about the macro economy.
I just kept paying
that when I first entered the stock market, I was very excited and nervous, it
felt like a rush of blood. At that time, I had no experience, I didn’t study or
analyse anything about the market, and I knew nothing about the macro economy.
I just kept paying
Beijing COVID-19 outbreak has spread to Hebei province – state media
No mention of which cities are impacted and by how much but in any case, the headline in itself isn’t exactly comforting.China appears to be caught in between whether to adapt to a new approach in dealing with omicron or sticking with a zero tolerance policy on COVID-19 cases. They have relaxed the
UK January CBI trends total orders 24 vs 22 expected
Prior 24Trends selling prices 66Prior 62The details of the report show that UK manufacturers expect to raise prices by the most since 1977 over the next three months, as global supply chain issues and labour shortages continue to rattle cost/price pressures. Adding to that, export prices expectation
ECB’s Lane: It is increasingly clear that omicron impact on the economy is only for a few weeks
There are some near-term risks related to omicronBut it is not a factor that will influence activity levels for the yearWe think that inflation will fall „quite a bit“ later this yearRather than focus month by month, ECB has clear vision of direction i.e. inflation will fall later this yearSo far, d