Trade ideas thread – European session 20 January 2023
What a week it has been and it looks like things are settling down a bit ahead of the weekend, with equities holding up so far today. This comes after a drop in the past two days, which saw US stocks in particular suffer a technical setback. The bond market also continues to intrigue with […]
If “the energy crisis is over .. & European recession risks melt away” EUR can head to 1.2
Société Généralehas reiterated that its end of year forecast for EUR/USD in 2023 is 1.12. But, say analysts at Soc Gen, they are aware that the currency is increasing considerably more quickly than we had anticipated. And that therefore they’d need to increase the projection to approximately 1.20 if the energy crisis is over. This […]
Risk stays under pressure in European trading
Here’s a snapshot of the equities space at the moment: Eurostoxx -0.9% Germany DAX -0.9% France CAC 40 -0.8% UK FTSE -0.6% S&P 500 futures -0.4% Nasdaq futures -0.4% Dow futures -0.4% While European indices are seeing modest losses (also in part to catching up to the drop in Wall Street yesterday), US futures aren’t […]
Trade ideas thread – European session 19 January 2023
It looks like it isn’t that easy to put down the yen bulls as they are back in the driver’s seat again today. Another 100 pips drop in USD/JPY is keeping the downside momentum well intact as sellers eye a push towards 125.00 next. Meanwhile, equities are also starting to intrigue as the fundamental and […]
Eurostoxx futures -0.3% in early European trading
German DAX futures -0.3% UK FTSE futures -0.1% It’s just a minor dent for European indices after a rather hot start to the new year. The DAX is at its highest levels since February last year with the UK FTSE just a whisker away from its all-time high seen in 2018. This comes as US […]
European equity close: Another day of gains, why not?
What a start to the year for European stock markets. Closing changes on the day: Stoxx 600 +0.5% German Dax +0.2% France’s CAC +0.7% UK’s FTSE 100 +0.7% Spain’s Ibex +0.6% Italy’s FTSE MIB +0.2% On the week: Stoxx 600 +1.9% German Dax +3.4% France’s CAC +2.4% UK’s FTSE 100 +1.9% Spain’s Ibex +2.1% Italy’s […]
Eurostoxx futures +0.3% in early European trading
German DAX futures +0.2% UK FTSE futures +0.2% This comes after the positive momentum yesterday, which carried through to Wall Street as well. Equities are looking optimistic ahead of the US CPI data later but we’ll see if that feeling will be justified come the end of the day. US futures are little changed, with […]
European equity close: Another strong day for stocks
<p>The great start to the year in Europe continues. It was the most-hated spot in the world coming into the year and a dose of good weather has really turned the tide.</p><ul><li>Stoxx 600 +0.4%</li><li>German Dax +1.1%</li><li>France's CAC +0.8%</li><li>UK's FTSE 100 +0.5%</li><li>Spain's Ibex +0.2%</li><li>Italy's FTSE MIB +0.5%</li></ul><p>The DAX chart right now is hard to dislike.</p> This […]
ForexLive European FX news wrap: Dollar steady, markets mixed
Headlines: Markets: USD leads, NZD lags on the day European equities higher; S&P 500 futures up 0.2% US 10-year yields down 4.7 bps to 3.576% Gold flat at $1,877.15 WTI crude up 0.4% to $75.43 Bitcoin down 0.3% to $17,421 It was a quiet session as European trading was bereft of any major economic releases, […]
European Central Bank Exec Wants Unbacked Crypto Treated as Gambling
Fabio Panetta, a Member of the Executive Board of the European Central Bank (ECB) has argued in favor of regulation that recognizes “the speculative nature of unbacked cryptos and treat them as gambling activities.” Panetta believes that “vulnerable” users of unbacked digital assets can be protected through the application of rules similar to the European […]