US And China Seek Asymmetric Enforcers
US and China seek asymmetric enforcers The Dove-fest unleashed by global central banks in January and February seems to have done its job for now. March prints on service and manufacturing PMIs across the globe have shown a (mostly) upside...
GBP/USD Edges Higher On Even Softer Brexit Hopes
It has been a rather volatile day for the pound, as investors reacted to the latest Brexit headlines and data from both sides of the pond. At the time of writing the GBP/USD was still just about holding in the...
Semiconductors are killing it—thanks to China
Semiconductors are killing it, and you can thank China. The Semiconductor ETF (SMH) is just shy of the historic high it hit a year ago, and there’s good reason for it: China. The five S&P companies with the biggest exposure...
The European Central Bank: A Forex Trader’s Guide
The European Central Bank (ECB) is situated in Frankfurt, Germany. It was established in 1998 by the Treaty of Amsterdam. The European Central Bank is different to other central banks in that it controls monetary policy for the entire eurozone....
US Jobs Growth to Pick Up; Wage Growth to Remain Robust
The US dollar shrugged off downbeat retail sales and inflation figures recently as business data surveyed by the ISM institute indicated that production, new orders and employment bounced up in the previous month, helping 16 out of 18 manufacturing industries...
U.S. Non-Manufacturing Sector’s Expansion Moderates in March
The Institute for Supply Management’s (ISM) non-manufacturing index fell 3.6 points to 56.1 in March. The headline print undershot consensus expectations, which called for the index to moderate to 58.0. Delving into the details, three of the index’s four main...
Services sector growth falls to slowest pace since August 2017
Growth in the U.S. services sector fell more than expected and reached its slowest pace in more than a year, according to data from the Institute for Supply Management released on Wednesday. The ISM non-manufacturing index fell to 56.1 in...
Poor US ADP and UK PMI Services Ignored, Risk Appetite Stays Strong
Risk appetite are generally firm globally today and it’s best reflected in Germany 10-year yield, which turns positive for the time in more than a week. It’s a rather clear indcation of a positive turn in overall sentiments. There is...
EUR/USD Outlook: Euro Bounces But Recovery Still Holds Below Pivotal Barriers
The Euro bounces from multi-week low at 1.1183 after strong bears stalled just ahead of key supports at 1.1186/76, boosted by strong EU data (Services PMI Mar 53.3 vs 52.7 f/c; Retail Sales Feb 2.8% y/y vs 2.3% f/c; 2.2%...
Payrolls post another disappointing month in March as job market keeps slowing
Job growth hit an 18-month low in March amid increasing signs that the hiring boom may be running out of steam, according to a report Wednesday from ADP and Moody’s Analytics. Private payrolls increased by just 129,000 for the month,...
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