Trade ideas thread – European session 9 February 2023
A dent to risk sentiment or is this the start of a potential reversal? Things are certainly heating up ahead of next week’s US CPI data release. For today, we might get a bit of a teaser on the market’s appetite or angst with German inflation on the data docket. Meanwhile, the yen is also […]
Eurostoxx futures +0.7% in early European trading
German DAX futures +0.7% UK FTSE futures +0.5% This comes as European stocks are playing a bit of catch up to the net gains in Wall Street yesterday, as regional indices closed before Fed chair Powell’s remarks. The overall risk mood today is more balanced though with S&P 500 futures and Dow futures down 0.1%, […]
OANDA to Exit Malta in March, to Run European Business from Poland
OANDA, a longtime player in the multi-asset retail trading industry, has announced its plans to finally shut down its operations in Malta on March 17, 2023, and run its European business “under one regulated entity” from Poland. The broker announced on Monday that it will transfer its business to its Polish subsidiary, OANDA TMS Brokers, […]
ForexLive European FX news wrap: The post-NFP vibes continue to play out
Headlines: Markets: GBP leads, JPY lags on the day European equities lower; S&P 500 futures down 0.6% US 10-year yields up 6.7 bps to 3.598% Gold up 0.5% to $1,873.82 WTI crude up 0.6% to $73.82 Bitcoin down 0.1% to $22,912 The day started off with a focus on Japan after the yen opened with […]
Trade ideas thread – European session 6 February 2023
Hot. Hot. Hot. 🔥🔥🔥 US labour market conditions continue to stay strong and that sent markets for a ride on Friday with bonds selling off heavily and the dollar recovering strongly. But does that really change the Fed outlook all too much? In all honesty, I don’t think so but perhaps markets are now heeding […]
European indices close the day with mixed results
For the UK FTSE 100, the price moved above the old all-time high from 2018 at 7903.50. The intraday high price reached 7906.58 before rotating back to the downside in closing minutes, and just below that all-time intraday high. Nevertheless, the close at 7901.81 was above the previous all-time close at 7877.97. In the forex […]
ForexLive European FX news wrap: Dollar mixed, equities lower ahead of NFP
Headlines: Markets: GBP leads, CAD lags on the day European equities lower; S&P 500 futures down 0.7% US 10-year yields down 0.4 bps to 3.394% Gold up 0.2% to $1,915.43 WTI crude down 0.3% to $75.68 Bitcoin up 0.2% to $23,509 It was a choppy session for major currencies as risk stayed on the defensive […]
Eurostoxx futures +0.7% in early European trading
German DAX futures +0.6% UK FTSE futures +0.4% This comes after the more optimistic mood following the Fed decision yesterday, in particular after Powell’s press conference. US stocks are also eyeing a major breakout as pointed out here and S&P 500 futures are up 13 points, or 0.3%, currently. In Europe, the DAX is just […]
Eurostoxx futures -0.5% in early European trading
German DAX futures -0.3% UK FTSE futures -0.4% This mirrors the mood in US futures, in which we are seeing S&P 500 futures down 17 points, or 0.4%, currently. After a solid week of gains, stocks look to be displaying more caution ahead of the central bank bonanza this week. The slight drop so far […]
ForexLive European FX news wrap: Dollar steady amid tentative market mood
Headlines: Markets: JPY leads, GBP lags on the day European equities little changed; S&P 500 futures down 0.3% US 10-year yields up 5 bps to 3.551% Gold flat at $1,928.30 WTI crude up 1.5% to $82.19 Bitcoin down 0.6% to $22,927 It was another quiet session in Europe, with not much in terms of data […]