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Tag: Forex News

US Futures Pare Losses After Monday’s Plunge

Markets Stabilise Ahead of the Open on Wall Street US futures are gradually stabilising again ahead of the open on Wall Street on Tuesday, following an extremely volatile session at the start of the week and more of the same in overnight trade. The sudden and sharp declines in equity markets over the last couple […]

DAX Slides as US Stock Markets See Red

The DAX index continues to lose ground this week. In the Tuesday session, the index is trading at 12,454.51, down 1.88% on the day. On the release front, German Factory Orders impressed with a gain of 3.8%, crushing the estimate of 0.6%. On Wednesday, Germany releases Industrial Production. The DAX ended last week with losses, as […]

EUR/USD – Euro Rebounds After Monday Losses, German Factory Orders Soar

The euro has posted gains on Tuesday, after starting the week with losses. Currently, the pair is trading at 1.2407, up 0.32% on the day. On the release front, German Factory Orders impressed with a gain of 3.8%, crushing the estimate of 0.6%. In the US, the key event of the day is JOLTS Job […]

Algo Trading Blamed for Monday’s Market Crash

The first thing to know about the stock market’s eye-watering slide Monday is that it wasn’t caused by anything fundamental. There was no particular piece of news that drove the major averages to capsize, in a move that sent the Dow industrials off more than 1,500 points — a new intraday record — briefly in […]

Jerome Powell Starts Fed Chair Position Facing High Volatility

On day one, markets are already putting Fed Chair Jerome Powell to the test. Market volatility, largely absent until last week, picked up in the final days of Janet Yellen’s tenure, with interest rates suddenly breaking out of a long-running range. Long dormant, inflation expectations suddenly started to rise and triggered a sell-off in the […]

Morgan Stanley Says Inflation Anxiety Putting Pressure on Stocks

Don’t expect stocks to rebound if inflation anxiety continues, according to Morgan Stanley. With price fears egging on Treasury rates, equities could be in for a disappointing few months as investors move away from a “buy-the-dip” mentality. “When inflation is very low, rising inflation has a positive impact on equity valuations,” wrote Mike Wilson, chief […]

US Service PMI Rises to 12 Year High

U.S. services sector activity raced to a near 12-1/2-year high in January, buoyed by robust growth in new orders, the latest sign of strong momentum in the economy at the start of the year. Economic growth is showing strength even before the stimulus from a $1.5 trillion tax cut package, which came into effect last […]

Dow Suffers Biggest Ever One Day Points Loss

US stock markets bounced back following the flash crash on Monday but the Dow still ended the session down 4.6%, having suffered the largest one day points loss ever. The Dow shedded more than 1,500 points at one stage, a large chunk of which occurred in a very short period of time. Naturally there is a lot […]

Gold Shrugs as US Services PMI Beats Expectations

Gold has posted small gains in the Monday session. In North American trade, the spot price for an ounce of gold is $1335.14, up 0.15% on the day. On the release front, the ISM Non-Manufacturing PMI climbed to 59.9, above the forecast of 56.5 points. This points to strong expansion in the services sector and […]

GBP/USD – Pound Drops as UK Services PMI Disappoints

The British pound has posted considerable losses in the Monday session. In North American trade, GBP/USD is trading at 1.4009, down 0.79% on the day. On the release front, the focus was on the services sectors. British Services PMI slowed to 53.0, missing the estimate of 53.0 points. Later in the day, the UK releases British […]