Silver: White Metal Trading On A Weaker Footing This Morning
For the 24 hours to 23:00 GMT, Silver traded flat against the USD and closed at USD14.44 per ounce. In the Asian session, at GMT0300, the pair is trading at 14.42, with silver trading 0.10% lower against the USD from...
Japanese Yen Edges Higher on Positive Japanese Data
USD/JPY has posted slight losses on Wednesday. In the North American session, the pair is trading at 110.29, down 0.18% on the day. In economic news, Japan released strong numbers. Core Machinery Orders climbed 3.8%, crushing the estimate of o.0%....
Pound Unimpressed By Brexit Plan, Fed Minutes Due
Pound surrenders gains to trade lower after May unveils Brexit plan Fed minutes today may boost the dollar a little Stocks advance on Huawei relief, but risks still heightened Sterling not convinced by May’s ‘last Brexit push’ The British pound...
Euro Could Have a Cold June
The Eurozone’s currency has been driving on a slippery road for more than a year now and even if the 19-member bloc doubled its growth in the first quarter of 2019, downside risks in both the political and economic spheres...
GBP/USD – Pound Under Pressure As Manufacturing Orders Sink
After a flat start to the week, GBP/USD has edged lower on Tuesday. Currently, the pair is trading at 1.2694, down 0.23% on the day. On the release front, Mark Carney’s testimony on inflation before a parliamentary committee has been...
Oil Higher as Supply Risks Outweigh Growth Concerns for Now
Constructive banter from OPEC nations are to be expected leading up to the next key meeting in June. The outcome of the Jeddah talks shows that OPEC + members are on board to continuing production cuts throughout the rest of...
British Pound Steadies after Dismal Week
GBP/USD is showing little movement on Monday. In the North American session, the pair is trading at 1.2740, up 0.20% on the day. The pair dropped 2.2% last week, its sharpest weekly loss since October 2017. On the release front,...
Weekly Economic and Financial Commentary: Two Steps Back and One Step Forward
U.S. Review Two Steps Back and One Step Forward Retail sales stumbled again in April, falling 0.2%. Core retail sales were flat and suggest the Q2’s bounceback in consumer spending may not be as strong as previously thought. Output in...
The Weekly Bottom Line: Housing Market Stabilizing, Debt Risks Still Elevated
U.S. Highlights Equity markets rebounded this week as the U.S. administration delayed its decision on auto tariffs for six months. Housing starts and retail sales data for April support the narrative of healthy domestic spending this quarter. That said, externally...
Week Ahead: Geopolitics to Dominate Agenda Again
This week, we have seen big moves in the stock markets, pound and emerging market currencies, with China’s yuan bearing the brunt of the sell-off amid growing concerns over trade wars. Next week, volatility should remain elevated, providing plenty of...
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