Market News & Analysis

Latterly, it’s been a rare quarter indeed that Unilever has failed “against the strategic objectives set out for 2020”, and this isn’t one of them.

Draghi and the ECB may have been dovish at today’s meeting, however that hasn’t stopped the euro from rallying to key resistance levels.

There was nothing noteworthy or new about the ECB’s statement today, which means that antitipation for the Draghi press conference is building. The key takeaway from the press conference for us will be how Draghi justifies his “hawkish” talk in Sintra late last month when he mentioned the word “reflation” and euro bulls ran with it. Considering ther...

The European Central Bank press conference is today’s most anticipated event where Mario Draghi could make clear ECB’s plans regarding the future path of Eurozone monetary policy.

The pound is struggling this morning and has dipped below $1.30, even though UK retail sales for June were positive as the hot weather boosted non-food sales including household goods and clothing. Food sales continue to weaken, possibly on the back of higher food prices, but overall, the pressure was lifted from the UK’s beleaguered retailers for o...

Until today, the price of oil had been little-changed during the week. Market participants were waiting for direction from the weekly US oil inventories report, which was published earlier today.

The economic calendar is taking a breather today but will return with bang tomorrow. Market participants are looking forward to two major central meetings as the Bank of Japan and especially the European Central Bank take centre stage.

The ECB meeting on Thursday is the next key event that the markets are focused on. The market is rolling back expectations that the ECB will announce any details about tapering its Asset Purchase Programme (APP), after the 3% rise in the EUR/USD since Draghi mentioned “reflation” in a speech at the end of June. This has knocked some of the wind out ...

What: The ECB meeting on Thursday 19th July is likely to be a key driver of euro volatility, however, correlation analysis on the euro suggests that it could also be a trigger for S&P 500 volatility. Our ECB preview will be released later today, however, we believe that the Draghi and co. may ease off the recent hawkish rhetoric due to the recent st...

…Go up? The UK was not the only place where the latest inflation data missed the mark today. Overnight saw New Zealand’s quarterly CPI print zero, which not only was below the estimates of a small 0.2% rise but also represented a sizeable drop from the previous 1.0% reading. But unlike the GBP/USD, the NZD/USD was quick to recover its poise after a ...

Investors are digesting a mixed bag of results from the US earlier today, with Lockheed Martin and Johnson and Johnson delivering some much needed good news, while the banks sold off after Bank of America and Goldman Sachs failed to deliver all of the goods with their Q2 earnings reports.

What: with European earnings season kicking off the strength of the euro, EUR/USD has rallied some 10% since March, has started to worry some investors.