US Personal Income and Consumption: Can They Extend Positive Data Run?
Personal income and spending numbers will come under investors’ radar on Friday (17:00 GMT) and could upset the recent run of positive data out of the United States amid some concerns that income and consumption growth is moderating. The personal...
Silver Waits Patiently for Fuel in a Still-Negative Picture
Silver is attempting to move below the 16.95 level, which is the 50.0% Fibonacci retracement of the up leg from 14.28 to 19.63 and where the 20-day simple moving average (SMA) presently lies. Even though negative momentum has weakened, the...
BOE Left Policy Rate Unchanged. Neutral Tone Maintained
At the last BOE meeting headed by Mark Carney, the members voted 7-2 to leave the Bank rate unchanged at 0.75%. The members voted unanimously to maintain the purchase of government bonds at 435B pound and corporate bonds of 10B...
Yen Higher after Poor US Data, Sterling Tumbles after BoE
Yen is trading broadly higher today as buying rushes in after weaker than expected US economic data. Nevertheless US stocks open mildly higher while 10-year yield is also trading up. Australian Dollar is currently the second strongest for today, still...
US weekly jobless claims fall from 2-year high, but are still worse than expected
The number of Americans filing applications for unemployment benefits dropped from more than a two-year high last week, pointing to sustained labor market strength. Initial claims for state unemployment benefits decreased 18,000 to a seasonally adjusted 234,000 for the week...
Getting honest about sustainability
In December, the EU announced its green deal along with new rules for sustainable finance – the much-discussed ‘taxonomy’. Under the agreement, all financial products that claim to be green or sustainable will have to disclose exactly what proportion of...
New Year’s resolution: fix my trade exceptions
What price is worth paying to reduce failed trades? According to the European Union’s central securities depositories regulation (CSDR), quite a big one. The regulation is scheduled to implement a new mandatory buy-in regime in September 2020, and although market...
Riksbank Hikes Rates To End Era Of Negative Rates, Weak UK Retail Sales Data Played Down
Notes/Observations Soft UK Nov retail sales data was downplayed as it did not contain the Black Friday sales (as it did back in 2018) Sweden Central Bank hiked (as expected) to end its era of negative rates after 5 years...
EURUSD 1.1150 Level Important
The euro currency has failed to hold above the 1.1130 level against the US dollar, further adding to the uncertainty surrounding the pair. Going forward, bulls must close the daily candle above the 1.1150 level or the EURUSD pair risks...
Aussie Rebounds on Strong Job Growth, Sterling Awaits BoE
Australian Dollar recovers broadly today on stronger than expected job data. Though, upside is limited so far as unemployment rate remains a long way from RBA’s rate of full employment. New Zealand Dollar is also among the strongest following better...
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