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Market News

  GBP The British pound was almost unchanged against rivals ahead of key economic data. Recently, the soft economic data increased the chances of an interest rate cut by the Bank of England later this month to support the slowing economy. Market participants are looking forward to the jobs data to grasp further insight on the economic performance and assess the future path of interest rates. Currently, the CME BOE Watch Tool is showing a probability of 72% that the bank will lower...
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Pound Falls Further, Pressured by Rate Cut Expectations

  GBP The British pound extended losses against rivals as soft data raised rate-cut prospects. A series of economic indicators were disappointing and could force the Bank of England to lower interest rates by 25 basis points later this month. Currently, the CME BOE Watch Tool shows a probability of 72% the monetary policy committee will vote for a rate cut. Market participants are looking forward to the economic data to be released this week for further insight on the economic per...
January 20, 2020

US Stock-Index Futures Rally to another Record, Dollar Surges

  Equities Major US stock-index futures extended rally to another record high on improved risk sentiment. The signed phase 1 trade deal and upbeat retail sales figures supported the positive bias. The Dow Jones Industrial Average futures soared to 29332, the S&P500 futures advanced to 3316, and Nasdaq rallied to 9158. USD The dollar index, which measures the greenback against a basket of major currencies, bounced off a one-week low to settle higher at 97.36 on positive e...
January 17, 2020

Stock Futures Edge Higher Cheering US-Sino Phase 1 Trade Deal

  Equities Major US stock-index futures soared to another record high, as China and the United States signed the first phase of the trade deal. China has agreed to buy an additional $200 billion of US goods over the next two years. On top of the $186 billion worth of the US goods and services bought by China in 2017, China will buy $77 billion in 2020 and $123 billion in 2021, where the total US exports to China will be at $263 billion and $309 billion in 2020 and 2021, respective...
January 16, 2020

US Stock Futures Hover near Record High ahead of US-China Trade Deal Signing

  Equities Major US stock-index futures were mixed near-record high as market participants look forward to the signing of phase 1 trade deal between the world's largest economies. The Chinese delegation arrived in Washington to mark the first achievement of the US-Sino trade talks. However, the comments of the US Treasury Secretary Steven Mnuchin weighed on the risk appetite as he stated that tariffs on Chinese goods would remain in place until they reach a phase 2 agreement....
January 15, 2020