Trading Update |
22-Aug-14, 10:33am: Markets Tentative Ahead of Jackson HoleWith little economic data released today, stocks are waiting for speeches from members of the world’s major central banks later this afternoon. |
26-Aug-14, 9:08am: Dovish comments from Draghi encouraged gains in the stock markets, though we are expecting a slight pull back today. |
26-Aug-14, 9:08am: Euro Slides as Draghi Comments Raise Hopes of QEWith the ECB President making some dovish comments at Jackson Hole, investors dragged the euro lower on contrasting expectations for monetary policy. |
27-Aug-14, 9:21am: Equities are on the rise this morning after the S&P 500 closed above 2,000 for the first time in its history and Ukraine-Russia peace talks continue. |
27-Aug-14, 9:21am: Euro Continues to Weaken on ECB Easing HopesForex traders are keeping an eye on the EUR/USD pair as it tests support around $1.3193 following Draghi’s comments that hinted towards quantitative easing. The dollar strength is weighing on crude oil but rising demand expectations may make a rebound more likely in the short-term. |
27-Aug-14, 2:15pm: ASOS Surges on Rumours of US Retail SuitorAfter overcoming a major warehouse fire, the fashion retailer is planning for significant growth, though some have their doubts about the recent takeover inspired surge in share price. |