Michael Moran is an experienced global markets professional who has traded currencies for over 30 years, having worked in dealing rooms of major banks all over the globe.
Nikolas Papas has been involved in the finance industry for over fifteen years spanning across Europe and USA with a depth of knowledge and experience within many aspects of the financial markets. Nikolas gained several years experience with some of Europe’s leading Brokers, as an equity analyst, and trader managing accounts for both Private and Corporate Investors. He enjoys both the fundamental and technical aspects of trading focusing on stock markets and all FX majors.
Karthik Subramanian has been a professional trader and fund manager in the stock and FX markets over the past 18 years. During this period, he has worked for many FX brokers and has also worked with major FX related publications.
Sterling Sinks Further on No-Confidence Vote Talk, Dollar Up
US Bond Yields Climb, Stocks Slip in Turbulent Trade
The Loonie’s falling, the Rupee’s reeling and feeling quite appalling. The Dollar is holding, the Yen is fading, the Aussie’s very weak, but everyone’s still trading. UK PM May’s decision to delay today’s scheduled parliamentary vote on Brexit saw Sterling sink to 20-month lows.
Sterling Sinks Ahead of Brexit Vote, Aussie Ends Lower
Huawei CFO Arrest Sinks Stocks, Risk-Off, US Payrolls Up Next
Asian stock indices took a hit on the chin led by technologies stocks after Canadian authorities arrested the chief financial officer of Huawei Technologies for allegedly violating Iran sanctions. No major gains due to concerns for European Union. Gold bullish momentum sturdy.
GBPUSD shaken by the latest Brexit drama and tumbled across the board yesterday after the PM Theresa May called off a highly anticipated Brexit parliamentary vote
In Tokyo the Nikkei225 ended lower by 2.12% at 21,218.50, Hang Seng index was down 1.4% and the Shanghai Composite index lower by 0.8%.
Asian shares ended the trading session slightly higher as worries over U.S-Sino trade war were calmed by conciliatory comments from Beijing.
Asian stocks dropped on Wednesday after Mr. Trump posted a series of messages on Twitter warning that a fragile cease-fire in the trade war between the United States and China could be derailed
Major currencies are trending higher against the Dollar. 90 day trade truce between China and USA during the G20 meeting in Argentina has led the Asian Markets with strong positive gains.
While equity markets picked up positive price action in late Asian and early European market hours as safe haven demand over Brexit uncertainty eased weakening broad based demand for US Dollar, Greenback suffered additional bearish pressure on news which mentioned that US President Trump could be impeached as he directed Cohen to break the law during the 2016 presidential campaign.
Disappointing GDP and macro data across key markets has inspired a dovish and cautious investor’s sentiment across globe over concerns of slowdown in global economic growth and business activities resulting in major indices and futures across key global markets trading in red as market opened for the week
Risk appetite in global equity and forex markets remain high as last night’s headlines from US suggested that upcoming rate hike from US Fed this month could be the last in quite some time and weighed down US greenback in broad market significantly.
Two consecutive bearish sessions in major equity markets, fall in US treasury yields which signaled slowdown in US economy, Sino U.S. trade war woes served as factors that limited US greenback’s demand in broad market while fund flow towards gold as preferred safe haven asset also weighed down USD.
Equity markets across globe are on bearish price action today influenced by overnight cues from Wall Street as investor worries about T.Yield curve inversion sparked doubts of US economic slowdown and triggered fund flow towards safe haven assets. This combined with loss of positive momentum from weekend headlines and major market impacting news resulted in bearish sentiment prevalent across major equity markets influencing downward price action.