Events to Look Out for Next Week
An interesting week is coming up, packed with economic data and political developments, as next week’s EU summit highlights that the EUR 750 bln recovery fund proposed by the European…
Read More »US equity futures rally after NFP
US nonfarm payrolls increased 4,800k in June, better than expected, after the upwardly revised 2,699k (was 2,509k) bounce in May following the -20,787k (was -20,687k) collapse in April. The unemployment…
Read More »Is it really a sign for recovery?
The ECB minutes yesterday highlighted again that the central bank is very far away from considering exit moves from the pandemic emergency purchase programme (PEPP) program and that means it can…
Read More »More Stress for Sterling
GBPUSD & EURGBP, H1 Sterling came under pressure from the London open, pressing lower against both the Dollar and Euro, among other currencies. Cable turned below 1.2500 after earlier posting…
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 »FX Update – Risk-Off & Empire State both jump
AUDUSD, H1 The Dollar and Yen rose and commodity currencies underperformed amid safe haven positioning in global markets. Stock markets in the Asia-Pacific region have declined sharply, and S&P 500…
Read More »Events to Look Out for Next Week
Moving into a new week, the focus is now squarely on the EU-UK meeting and the monetary policy meetings in the world’s major economies (BoJ and BoE) and their potential…
Read More »Cable slips a whole big figure
GBPUSD, H1 Cable posted a two-day low at 1.2504, which is down by over a big figure from the one-month high that was seen yesterday at 1.2616. In UK news,…
Read More »Events to Look Out for Next Week
Geopolitics are back in the picture giving the markets pause and adding another layer of uncertainty to a shaky global outlook. However other than US-China tension, next week the global…
Read More »US Update – May 28 – Data In line
EURUSD, H1 The -323,000 initial claims drop to 2.123 million in the fourth week of March extended the -241,000 decline to 2.446 million (was 2,438 million) in the BLS survey…
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