Japanese Yen Lower Despite Soft U.S GDP
USD/JPY has recorded slight losses on Thursday. In the North American session, the pair is trading at 110.70, up 0.16% on the day. On the release front, In the U.S., Final GDP for the fourth quarter posted a 2.2% gain,...
The Turkish Delight That Bites
The Turkish delight that bites Yesterday’s Turkish travails are hinting at the pressure emerging markets may face later in the year as the global economy slows. The cost of borrowing Turkish Lira (TRY) for offshore parties rose to over 1000%...
US FX Handover
Parliament is currently voting on a series of non-binding “indicative” votes on the future path for Brexit, while some Euroskeptic lawmakers agree to support PM May’s deal in exchange for her resignation. Uncertainty still reigns supreme, though the pound was...
British Pound Snoozes through Brexit Fireworks
GBP/USD continues to drift this week. In Wednesday’s North American trade, the pair is trading at 1.3207, up 0.01% on the day. On the release front, British CBI Realized Sales shocked with a reading of -18, compared to the forecast...
Japanese Yen Dips, Consumer Data Ahead
USD/JPY has edged higher on Wednesday. In the North American session, the pair is trading at 110.32, down 0.28% on the day. On the release front, there are no Japanese indicators. In the U.S., the trade deficit narrowed to $51.1...
Currencies: Dollar Outperformance Despite Soft Data
Rates: Will the bond rally resume after yesterday’s easing?The rally in global core bonds took a breather yesterday. Yields rose a few basis points. US Treasuries underperformed despite disappointing US housing data and weaker consumer confidence. Risk sentiment remains key...
RBNZ Shift To Dovish, Kiwi Keels Over
Stating that the next OCR direction is likely to be down, RBNZ crunched their way out of neutral gear whilst NZD bulls burned rubber and headed for the exit. Summary of the March statement: The Official Cash Rate (OCR) remains...
Gold Slips Despite Soft U.S. Numbers, Investors Remain Concerned about Economy
Gold has posted considerable losses on Tuesday, erasing the gains seen on Monday. In North American trade, the spot price for one ounce of gold is $134.52, down 0.56% on the day. In economic news, Building permits slowed to 1.30...
British Pound Edges Higher as U.S. Consumer Confidence Sags
GBP/USD has edged higher in Tuesday session. In North American trade, the pair is trading at 1.3221, up 0.17% on the day. On the release front, British mortgages slumped to their lowest level in almost six years. The February reading...
Massive Airbus Deals Boosts France’s CAC Index
The French blue-chip CAC index has climbed by 0.70% on Tuesday. Currently, the CAC is trading at 5298, up 0.72%. The index has improved this week, after suffering losses of over 2.0% on Friday. The DAX has posted small gains...
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