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Tag: EUR

Saudi 5-year CDS jump to 11-month high

The cost of insuring exposure to Saudi Arabia’s sovereign debt jumped to the highest level in 11 months on Monday after the kingdom faced increasing international pressure over missing journalist Jamal Khashoggi. Saudi Arabia’s 5-year credit default swaps rose to 100 basis points after closing at 89 basis points on Friday, according to data from […]

U.S retail sales increase less than expected in September

U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years. The Commerce Department said on Monday retail sales edged up 0.1 percent last month after a similar gain in August. Economists polled by Reuters had […]

DAX steadies after brutal week

The DAX index has posted slight gains in the Monday session. Currently, the index is at 11,562, up 0.37% on the day. In economic news, it’s a quiet start to the week, with no German or eurozone events. In the U.S, the Treasury Department is expected to release the semi-annual currency report. It’s been a […]

EUR/USD – Euro starts week with gains, Investors eye US retail sales

EUR/USD is higher on the Monday session. Currently, the pair is trading at 1.1592, up 0.28% on the day. On the release front, there are no eurozone events. In the U.S, the focus is on retail sales reports. Retail Sales is expected to gain 0.7%, while Core Retail Sales is forecast to climb 0.3%. The U.S […]

Geopolitical risks and yields dominate proceedings

Monday October 15: Five things the markets are talking about Following a weekend of warnings on global economic fragility from G10 finance leaders at an IMF meeting in Bali, has global equities starting this new week on the back foot, with regional bourses in Asia and Europe seeing red, while U.S equity futures are pointing […]

US Retail Sales to Support Dollar

The US dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend. Strong US data and a clear interest rate hike path […]

DAX punches higher as Asian stocks rebound

The DAX index has rebounded in the Friday session, posting gains. Currently, the index is at 11,617, up 0.68% since the Thursday close. In economic news, German Final CPI gained 0.4%, matching the forecast. Eurozone Industrial Production jumped 1.0%, well above the estimate of 0.4%. It’s been a brutal week for global equity markets, but […]

EUR/USD – Euro punches past 1.16 on strong German inflation

EUR/USD is down slightly in the Friday session, after posting considerable gains on Thursday. Currently, the pair is trading at 1.1583, down 0.07% on the day. Earlier in the day, EUR/USD climbed above the 1.16 level for the first time since October 1. On the release front, German Final CPI gained 0.4%, matching the forecast. Eurozone Industrial […]

Friday’s relief rally in full swing

Friday October 12: Five things the markets are talking about Volatility, in particular, for equities, has notched aggressively higher this week, now that sovereign bond yields are beginning to price out cheap money. Stronger than expected U.S economic data and weak European underlying inflation in key countries is being blamed as the specific trigger for […]

IMF Lagarde Defends Fed Chair on Monetary Policy

The head of the International Monetary Fund on Thursday defended Federal Reserve Chairman Jerome Powell one day after U.S. President Donald Trump criticized the American central bank, which has been raising U.S. interest rates, as “crazy.” “I wouldn’t associate Jay Powell with craziness,” Managing Director Christine Lagarde told CNBC in an interview. “He comes across […]