Financial Market News from tixee

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Dollar weakens as mood remains cautious

Market Updates
May 23, 2022

EUR/USD rose 1.4% last week, boosted by broad-based USD weakness and growing expectations that the ECB will use the June meeting to prepare for a July interest rate hike.

The market rebounds but stocks set for longest losing streak on record

Market Updates
May 20, 2022

Gold rallied 1.5% yesterday and has pushed above $1840, boosted by a combination of a weaker USD and safe-haven flows. The USD fell over 0.8% amid growing fears of a US economic slowdown, which could prevent the Fed from hiking interest rates as aggressively as initially expected.

The market mood remains fragile after steep falls

Market Updates
May 19, 2022

The Dow Jones booked its largest daily loss since October 2022 yesterday, falling 3.7% or 1100 points on fears over inflation and the prospect of a recession in the US.

All eyes on inflation

Market Updates
May 18, 2022

GBP/USD jumped 1.4% higher in the previous session after robust UK jobs data. Unemployment dropped to a pre-COVID low, and vacancies outstripped the number of unemployed for the first time on record. Wages, including bonuses, surged to 7%, prompting bets that the BoE could raise interest rates again in June, which would mark the 5th straight rate hike meeting.

Markets rise even as global markets growth concerns remain

Market Updates
May 17, 2022

Markets rise even a global growth concerns remain

The UK index closed higher yesterday despite warnings from the BoE governor Andrew Bailey over surging inflation and a worrying rise in food pieces. Andrew Bailey insisted that the BoE would raise interest rates until inflation falls from the expected double-digit peak to the central bank’s 2% target.

Risk sentiment falls after weak Chinese data

Market Updates
May 16, 2022

EUR/GBP fell 0.7% last week, which was more of a euro weakness story than owing to significant pound strength. The pound traded broadly lower versus its major peers on recession fears and as Brexit concerns returned.

Markets steady after wild swings

Market Updates
May 13, 2022

EUR/USD steadies after falling to a 5-year low in the previous session and posting its biggest loss since March 2020. The pair tumbled 1.2% yesterday after US wholesale inflation data sparked fears of a more aggressive Fed and as tensions between Russia and the West escalated, hitting demand for the euro.

Risk aversion dominates ahead of UK GDP data

Market Updates
May 12, 2022

The FTSE closed up by triple digits yesterday, booking gains of 1.4%, helped by early gains on Wall Street following US inflation data. Today the focus is on UK GDP data which is expected to show solid growth across Q1, but that would be mainly owing to solid growth at the start of the year.

All eyes on US inflation

Market Updates
May 11, 2022

The rollercoaster on Wall Street continued last night, with stocks rebounding modestly ahead of key US economic data. While selling ease, sentiment remains fragile amid concerns that the Fed could struggle to raise interest rates sufficiently without choking economic growth.

Markets attempt a bounce

Market Updates
May 10, 2022

Gold started the week on the back foot, falling 1.5%, as risk aversion drove trade, and the USD was the safe haven of choice.

Markets fall and the USD rise in risk off trade

Market Updates
May 9, 2022

AUD/USD is falling for a third straight day. Since Thursday, the pair has tumbled 3.4% as the USD surged on the back of the Federal Reserve 50bp rate hike, expectations for a more hawkish Fed action to come, and strong US jobs report.

Markets rocked by Fed and BoE jitters ahead of US jobs data

Market Updates
May 6, 2022

The Nasdaq made a spectacular reversal in the previous session, wiping out the gains from the Fed’s decision day. Federal Reserve Chair Jerome Powell’s comments that the central wasn’t considering a 75-basis point rate hike boosted stocks on Wednesday.