Risk trades getting smashed on the Navarro comments that trade deal with China is over
Big selling of ‘risk’, this from Fox:
Read More »New Zealand Dollar Struggles Continue as RBNZ Comes Into Focus
The New Zealand Dollar is at risk of breaking down against its major counterparts as investors look forward to the upcoming RBNZ meeting.
Read More »FX Update – June 19 – Mixed Markets
Narrow ranges have been prevailing among Dollar pairings and cross rates against a backdrop of uncertainty in global markets. Most stock markets have lifted out of lows over the last…
Read More »UK debt to GDP ratio rises above 100% for first since 1963
The UK government’s debt rose above 100% of its gross domestic product (GDP) in May due to a surge in spending to counter the coronavirus-induced slow
Read More »More from RBA’s Lowe – Virus will impact on world economy for years to come
Reserve Bank of Australia Governor Lowe has not helped out AUD bears in his comments Monday: Now he’s paying out on the Australian and global economies: Bolding above mine ……
Read More »The Pound Pummeled Again
EURGBP & GBPUSD The Pound remains on a weak footing, ebbing lower versus the Euro today, though so far remaining above the three-week lows it saw against the common currency…
Read More »Euro Forecast: Outlook for EUR/USD Negative on Second Wave Fears
Fears of a second wave of coronavirus infections as countries ease their lockdown measures will likely keep investors cautious in the week ahead, damaging sentiment towards currencies such as the…
Read More »US coronavirus cases rise 1.6% vs 1.2% seven-day average
Highest rate of change since June 1 US virus cases rose 34,284 in the past day. It’s the second day in a row above 30,000 after ranging from 19-28K in…
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