Daily Market Review

Daily Market Review September 08

Highlight of the day will be the Eurozone, as the deposit facility rate data along with the interest rate decision for September will be both announced today at 11:45 GMT. Following these economic events, Mario Draghi, the president of the European Central Bank is set to speak at 12:30 GMT. Recent economic data point out […]

Daily Market Review September 07

An interest rate hike by the Fed, expected to be materialised soon this year, could be impeded by the disappointing NFP data released on Friday and a lower than expected ISI non-manufacturing PMI data. Indeed, investors seem increasingly sceptic about an eventual hike while, the San Francisco Fed president, john Williams, nevertheless remained optimistic but […]

Daily Market Review September 06

All U.S. trading floors and exchanges resume normal trading today after the U.S. Labor Day holiday. The USD is expected to be back in force versus other major currencies and the EURUSD, USDJPY, GBPUSD as well as USDCAD will be worth keeping an eye on today. With U.S. economic indicators such as the services PMI […]

Daily Market Review September 02

Economic indicators are not supporting the US economy for the moment with a decline seen in the manufacturing sector. US Markit PMI manufacturing index fell to 52.0 for the month of August weighing on the USD. Hence, the greenback edged lower against a basket of currencies also explaining the surge of the EURUSD and GBPUSD […]

Daily Market Review September 01

The Federal Reserve continues to point towards a probable increase in rates, but investors are now being cautious and await tomorrow’s NFP data release. Another Fed member, Mester is set to speak today. More cues on U.S. policy rates is expected from her and the unnecessary excitement behind the increase of rates is only creating […]