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.
Solid Retail Sales Boosts Pound, Stocks Lift on Cautious Trade Optimism
Yields Tumble, Stocks Flat on Hopeful US-China Trade Talks
Dovish Draghi, Dismal Data Drag Euro Down ,Trade Tension Lifts Dollar, Aussie Slumps
Dollar Slips, JPY Eases, NZD Climbs on CPI Rise, ECB Next.Kiwi outperformed.
Stocks, Yields Tumble, Yen Up, Aussie Down, Pound Climbs
Trade talks between the US and China are also in focus as high-level talks between the two were due to conclude in Beijing later. Traders were also eyeing any developments in the US as President Trump was set to sign a compromise spending deal to avert another government shutdown, but also declare a national emergency in an effort to secure funds to build a Mexico border wall.
Traders are remaining hopeful of a trade truce extension between the US and China after US President Trump said he would let the deal deadline slide if both parties were making headway. Asian markets finished flat for the day, after posting decent gains over the last days.
Optimism emerges in US-China trade talks and traders throw bids in Asian markets with Tokyo’s main index adding 1.31 percent to 21,144 making to eight weeks high, the Hang Seng in Hong Kong rose 1.16 percent to 28,497 and Shanghai Composite index advanced 1.84 percent to 2,721. The Aussie ASX 200 index shed 0.3 percent to 6,063. US Dollar index trading flat at 96.73. The crude oil rose 50 cents to $53.60/barrel, and Brent oil gained 53 cents to $62.95/barrel. Gold is adding two dollars to $1312.65.
Asian indices closed higher on Tuesday on optimism that the Sino-US trade talks may be able to reach a trade deal before the deadline on March 1st. Japan’s major index Nikkei closed 2.61 percent higher at 20,864 China’s Shanghai Composite index also added 0.52 percent to 2,668, Hong Kong’s Hang Seng finished 0.11 percent higher at 28,177 while Australian stocks has bounced off its early lows to snap two straight sessions of losses on Tuesday.
In a week that is once again likely to have Brexit as a dominant theme, Asian indices were mixed on quiet trading day with ASX 200 down by 0.2 but managed to hold above 6000pts and near four-month highs. The Shanghai Composite index finished 1.36 percent higher to 2,653 the Hong Kong’s Hang Seng HSI, rose 0.2% and The Kospi in South Korea lost 0.1%.
Divided investor sentiment continues to limit positive price action in broad market on most major assets. But hopes on positive outcome in future talks following comments from representatives of China & U.S. has inspired a temporary phase of positive activity in broad market.
Cautious mood in market combined with Dollar’s strength in resulting in mixed activity in Forex markets while equities see relatively positive price action.
Headlines driven momentum ahead of geo-political events resulted in positive price action in both equity and forex markets.
Headlines driven momentum on border wall deal which drove price action in Wall Street inspired positive action in global equities, but Dollar’s strength capped gains in Forex market.
Global markets opened in red on cues from U.S. Wall Street but optimism surrounding trade deal boosted major indices and stocks while strong USD in broad market capped gains in Forex market.