Market Overview

31 August 2020 12:58

Frederico Aragao Morais

Good PMI data from Chinese services sets the tone for markets

Today is a day of greater risk appetite as investors bet on more accommodative monetary and fiscal policies on a global scale, also motivated by signs of progress in a coronavirus vaccine and easing trade tensions between the US and China. The dollar is rising on today’s Asian session, as the improving global economy and the lack of progress in U.S. fiscal stimulus weigh on this currency. As longer-term Treasuries retreated on Friday after investors processed data from the U.S. economy following the Federal Reserve's historic change of direction in the monetary policy framework.

26 August 2020 13:02

Frederico Aragao Morais

Markets eyes on Jerome Powell

Today's market sentiment is being relatively mixed. Investors are waiting to hear what U.S. Federal Reserve Chairman Jerome Powell has to say tomorrow in his speech. The dollar accelerates this Wednesday against the euro, while against the yen, a day of the start of the Jackson Hole symposium, which this year will be entirely virtual. Treasury yields rose on Tuesday after progress in trade talks between the U.S. and China have excited as expectations about the U.S. economy.

7 August 2020 15:21

Frederico Aragao Morais

US-China Tensions Rise and Congressional Negotiations Stall

Today, market sentiment is one of risk aversion. European stocks face another cautious session with rising US-China tensions and no progress in negotiations on the new US stimulus package. The Dollar regains some of the ground lost on Thursday, with the currency's DXY index trading again above 93.00. Traders are likely to take a cautious approach to currency risk ahead of the US-China trade talks on 15 August.

6 August 2020 15:19

Frederico Aragao Morais

Slowdown of the Stimulus Package’s Negotiations Affect Market Sentiment

Today, the market sentiment is one of risk aversion. There are no signs of progress in the negotiations on the aid plan for the coronavirus in the United States, and US Secretary of State Mike Pompeo said the White House could ban other Chinese applications that it considers to jeopardise the country's national security. The Dollar traded on the defensive during the Asian session on Thursday, as investor optimism about the approval of new fiscal stimulus in Washington seemed to decline, which reduces the currency's attractiveness.

5 August 2020 00:00

Frederico Aragao Morais

Future meeting between US-China encourages financial markets

Today, market sentiment is an appetite for risk. News that the United States and China will meet to discuss trade and expectations of progress in negotiations in Washington over a stimulus package are driving the current positive sentiment in the market. The dollar retreated in the Asian session on Wednesday, following up on the previous day's losses, with more bets that the US Federal Reserve will ease monetary policy further and with investors attentive to negotiations in the US Congress on new fiscal stimulus.

4 August 2020 15:15

Frederico Aragao Morais

Stimulus Package Attracts the Attention of the Day

Today, market sentiment is relatively mixed. Democratic leaders and White House officials seem cautiously optimistic after another round of talks on Monday about the new coronavirus aid package, under increasing pressure to reach an agreement since millions of Americans are living without the $600 a week unemployment benefit supplement, and U.S. President Donald Trump has launched potential executive measures. The Dollar gained ground on the Yen this Tuesday in Asia, after robust economic data has increased risk appetite by putting the Yen under pressure as a safe asset.

3 August 2020 15:09

Frederico Aragao Morais

Good manufacturing data gives hope to the economy

Today's market sentiment is of an appetite for risk. Good manufacturing and service data across Europe and China are fueling hope for a faster-than-expected recovery. European equities and U.S. futures continue to rise this Monday, before another week of results as discussions continue over a US pandemic relief package. Yields of US Treasurys fell on Friday, registering a weekly and monthly fall due to fears over the economic consequences for the global economy of the coronavirus.

30 July 2020 15:07

Frederico Aragao Morais

Jerome Powell and company results resulted in mixed sentiment

Yesterday, investors assessed the potential terms of the next stimulus package and the easing of coronavirus infections, while digesting the results of major US companies. The Federal Reserve’s Chairman Jerome Powell also dominated the attention of the markets. In Europe, the Stoxx Europe 600 index gained 0.5%, at the end of a session in which it fluctuated between gains and losses. The German DAX index closed at the waterline, the French CAC index lost 0.2% and the British FTSE 100 index rose 0.4%.

23 July 2020 15:03

Frederico Aragao Morais

Congressional postponement overlaps possible vaccine

Yesterday was mostly of risk aversion. The news that the United States Congress delayed the presentation of a new stimulus package on the economy ended up motivating this market sentiment. Rising tensions between the US and China have penalized Europe. The Stoxx Europe 600 index fell 0.9%, DAX fell 0.5%, CAC 40 lost 1.3% and FTSE 100 fell 1%. In the United States, markets managed to resist losses and ended up closing the day in the green. Yields on the debt market fell again yesterday. The U.S.

22 July 2020 15:02

Frederico Aragao Morais

Historical deal motivates risk appetite

Yesterday the markets had a greater appetite for risk. European Union leaders have agreed on a recovery plan. Good prospects for an Oxford vaccine are also enlivening the markets. The Stoxx Europe 600 index rose 0.3%, after European officials reached a historic agreement on the terms of the recovery plan. In the United States, the Dow Jones appreciated 0.60% while the S&P500 grew 0.17% and the Nasdaq fall 0.81%. Yields for Treasurys and European bonds showed a moderate reaction on Tuesday to the deal on the European Union recovery fund.

Market Focus

Quotes

Symbol	Bid	Ask	Time
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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