Daily Markets Broadcast 2019-03-19
Tue, 19 Mar 2019 02:25:26 +0000
Daily Markets Broadcast 2019-03-19 Wall Street continues its rally Wall Street indices extended last week’s gains into Monday, fueled by positive news on trade talks in the agricultural sector. The energy sector was boosted by higher oil prices. US30USD Daily Chart The US30 index rallied for a second straight day yesterday, though still lagged advances […]
Crude Rises After OPEC Delays Meeting to June
Mon, 18 Mar 2019 21:41:16 +0000
Oil prices rose after OPEC+ cancelled its April meeting and will now meet in June with the fate of their output limit to be decided. The deal spearheaded by Saudi Arabia and Russia has brought OPEC and other major producers onboard in reducing daily production by 1.2 million barrels. Oil prices have been dictated by […]
Gold steady on light data calendar
Mon, 18 Mar 2019 16:34:42 +0000
Gold has posted small losses in Monday trading. In the North American session, the spot price for one ounce of gold is $1304.16, up 0.13% on the day. There are no major events on the calendar. In the U.S., consumer inflation remains soft, which means there is little pressure on policymakers to raise rates in […]
OANDA Market Insights podcast (episode 56)
Mon, 18 Mar 2019 15:46:48 +0000
OANDA Senior Market Analyst Craig Erlam previews the week’s business and market news with Jazz FM Business Breakfast presenter Nick Howard. With exit day looming, Craig and Nick look ahead to another vote on Theresa May’s Brexit deal as well as meetings of the Federal Reserve and Bank of England.
GBP/USD – British pound slips as Brexit volatility continues
Mon, 18 Mar 2019 15:46:39 +0000
After huge gains last week, GBP/USD has started the week with sharp losses. In Monday’s North American session, the pair is trading at 1.3194, down 0.74% on the day. It’s a light data calendar, with no British events on the schedule. In the U.S., the NAHB House Market Index. On Tuesday, the U.K. releases wage […]
Canada: International transactions in securities, January 2019
Mon, 18 Mar 2019 13:23:57 +0000
Foreign investors acquired $28.4 billion of Canadian securities in January, following a significant divestment in December. Meanwhile, Canadian investors reduced their holdings of foreign securities by $8.8 billion, led by sales of US shares. As a result, international transactions in securities generated a record net inflow of funds of $37.2 billion in the Canadian economy […]
USD/CAD – Canadian dollar steady in slow data calendar
Mon, 18 Mar 2019 13:02:20 +0000
The Canadian dollar has started the week quietly. Early in Monday’s North American session, USD/CAD is trading at 1.3321, down 0.12% on the day. On the release front, it’s a light day for fundamentals, so traders can expected an uneventful day from the pair. Canadian foreign securities purchases sparkled, with a reading of C$28.40 billion, […]
DAX sluggish, but Deutsche Bank sparkles on merger talks
Mon, 18 Mar 2019 12:07:34 +0000
The DAX has started the week with losses. In the Monday session, the DAX is at 11,660, down 0.21% on the day. In economic news, there is only one event on the schedule. The eurozone trade surplus climbed to EUR 17.0 billion, close to the forecast of EUR 17.2 billion. This marked a 9-month high. On […]
Sterling, yields and stocks set for a volatile week
Mon, 18 Mar 2019 11:10:08 +0000
Monday March 18: Five things the markets are talking about Global equities start Monday on the front foot in a week that is packed with geopolitical (Brexit, E.U summit – Mar 21/22), economic releases and central bank meetings (FOMC, BoE, SNB), events that are expected to have a significant impact on both markets and volatility. […]
EUR/USD – Euro slightly higher as trade surplus jumps
Mon, 18 Mar 2019 10:26:53 +0000
EUR/USD has edged higher on Monday. Currently, the pair is trading at 1.1352, up 0.26% on the day. On the release front, the focus is on inflation data. It’s a slow data calendar to start the week. In the eurozone, the trade surplus climbed to EUR 17.0 billion, marking a 9-month high. There are no […]
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