Tag: tickmill
USD Under Pressure Gold prices are rallying on Tuesday as the USD sell off deepens. The greenback came under pressure late last week as the latest round of US labour market readings failed to deliver and bullish encouragement. With the headline NFP coming in below expectations, marking a sharp drop on the prior month, there […]
UK Data in Focus GBPJPY is correcting sharply lower today as JPY gains on USD weakness. The latest set of UK labour market readings today have kept hawkish BOE expectations well-primed. However, with UK inflation still rampant, the unemployment rate creeping higher, and interest rates set to move higher still from already elevated levels, the […]
Threads Users Soaring Meta is trading higher again today ahead of the open as focus stays on the continued growth in popularity of new social media app Threads. The app, launched last week, has been positioned as a direct rival to the Elon Musk owned Twitter app. Already seeing user numbers of nearly 100 million […]
The FTSE Finish Line – July 11 – 2023 Employment Data Boosts Sterling, Further BoE Action Weighs On FTSE The FTSE is hugging the flatline into the close of Tuesday’s trading, the UK’s blue chip index continues to test pivotal support in the 7250 region. The export heavy index was weighed by a stronger Sterling […]
Wages Rise Again GBP is trading higher today on the back of the latest set of UK labour market indicators, which have helped keep hawkish BOE expectations entrenched. While the unemployment rate was seen unexpectedly rising to 4% from 3.8% prior, the average earnings index was seen jumping to 6.9% from 6.7% prior, above the […]
Daily Market Outlook, July 11, 2023 Munnelly’s Market Commentary… Asian equity markets experienced positive performance, driven by modest gains on Wall Street. Cyclicals benefited from promising inflation indicators ahead of the upcoming US CPI data, while market participants also considered China’s support measures. The Nikkei 225 remained flat and struggled to maintain its early momentum […]
Lower Start for Tesla Shares in Tesla are trading a little lower ahead of the open on Monday. Following a breakout to fresh highs for the year last week, prices have since cooled wit the stock now trading back below the prior 2023 highs of 276.74. The company recently launched a new buyer incentive program […]
Daily Market Outlook, July 10, 2023 Munnelly’s Market Commentary… Asian equity markets showed a positive start to the week, although gains were limited due to investors digesting softer-than-expected inflation data from China. The Nikkei 225 initially extended last week’s slump but managed to rebound in late trade, ending with a marginal decrease. On the other […]
The FTSE Finish Line – July 10 – 2023 Starting The Week In The Green As Morgan Stanley Eyes UK Equities The FYSE is starting the week in the green up 0.5% according to Morgan Stanley, UK equities are currently considered unusually cheap compared to historical trends. The U.S. bank is optimistic about a potential […]
Bailey Notes BOE Flexibility GBP is starting the week under a bit of pressure following comments from BOE governor Bailey yesterday. Speaking at a conference in France, Bailey noted that the BOE would not be shifting its 2% inflation target though did explain that the bank has some flexibility regarding timing and how quickly it […]