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"Sterling." tag
brics-pmi-euro-sterling-marketexpress-in

Euro and Sterling Slump on Poor PMI

Poor European flash PMI pushed on open door, giving the market a new reason to do what it was doing and that buying the dollar. The euro has approached important support around $1.08 and sterling...

Rupee Invoicing: A regime shift

It is commonly known that the dollar, the pound, the euro, and the yen dominate the world’s trade invoicing currencies. Regardless of origin and destination, exports and imports of nations frequently use these currencies, with...

sterling-uk-marketexpress-in

Sterling Continues to be Pounded

Sterling’s pounding continued in Asia where it was driven to $1.0350, a new record low before stabilizing. UK rates also continued to rise sharply after the new government promised more tax cuts next year. The...

dollar-equities-us

The Dollar Remains Bid, while Sterling Shrugs Off Johnson’s Political Woes

The dollar jumped yesterday making new highs against most of the major currencies, including the euro, sterling, the dollar-bloc and the Scandis. The yen and Swiss franc held in better, but the greenback still closed...

ecb-eu-marketexpress-in

Euro and Sterling Slumps Extended

Russia’s decision to cut gas supplies to Poland and Bulgaria and the sharp sell-off in US equities yesterday casts a pall over the markets today.  But not the dollar. The euro punched through $1.06 for...

euro-eu-marketexpress-in

Euro Holds above Yesterday’s Lows Even After the ECB Denies the FT Story

The week is winding down and risk-appetites seem vulnerable even though the MSCI Asia Pacific Index pared its first weekly loss in four, led by gains in Tokyo and Hong Kong.  With those gains, Japanese...

euro-eu-marketexpress-in

Are Those Double Tops in the Euro and Sterling?

US benchmark 10-year Treasury yields rose for the seventh consecutive week.  Such a streak was seen at the start of 2018 and late Q1/Q2 2009 and 2004, but none longer.  The US dollar was mostly firmer,...

dollar-markets-marketexpress-in

Reluctant to Extend Dollar Losses

The biggest US equity advance since Q1 has helped lift global markets today. The MSCI Asia Pacific Index rose for the fourth session, and nearly all the bourses in the region rallied with the notable...

equity stock markets

Equity Slide Continues

Yesterday’s 3% drop in the NASDAQ is setting the tone for today. The US stock market advance had been led by a narrow group of equities, and those have come under strong pressure amid slower...

sterling-uk-marketexpress-in

Brexit Weakens Rate Hike Support for Sterling

There are three main influence for sterling. The first is the general dollar direction. As widely recognized, the greenback was weak last year and this has continued into this year’s activity. After falling in January,...

dollar-markets-marketexpress-in

Trade Featured as Dollar Drifts Lower

The US dollar has a slightly lower bias today, but the against most of the major currencies, it is consolidating within the range set at the end of last week. The main exceptions are sterling...

sterling-europe-boe-policy-marketexpress-in

Sterling, McCafferty, and BOE Policy

Sterling’s advance today is being attributed to comments by a member of the Bank of England’s Monetary Policy Committee McCafferty. However, we suspect it was a news item that was used to justify the price...