EUR/USD – Euro Steady As Industrial Production Sparkles
EUR/USD is steady in the Wednesday session. Currently, the pair is trading at 1.1294, up 0.06% on the day. On the release front, eurozone industrial production sparkled with a gain of 1.4%, above the estimate of 1.0%. In the U.S.,...
British Pound Jumpy ahead of Crucial parliament Vote
GBP/USD is showing significant swings on Tuesday, moving as much as 1 percent. In North American trade, the pair is trading at 1.3114, down 0.29% on the day. In economic news, sharp British indicators were unable to boost the pound,...
Postcard from China: Trade War Set to End, Tech War Here to Stay
Key points The trade war is set to end soon but the tech war is here to stay. China’s rise and the relative decline of the US are set to create friction in years to come. China’s tech rise is...
US: Inflation Pressures Steady as She Goes in February
Consumer prices rose 0.2% on a month-on-month basis in February, in line with market expectations. Headline inflation was up a modest 1.5% on a year-on-year basis, the weakest pace since September 2016. Price pressures in the core (excluding food and...
Canadian Dollar Listless as U.S. Consumer Inflation Within Expectations
The Canadian dollar is almost unchanged in the Tuesday session. Currently, the pair is trading at 1.3390, down 0.02% on the day. In economic news, U.S. there were no surprises from consumer inflation numbers. Core CPI edged down to 0.1%,...
Brexit Update: Pound Jumps Ahead Of Meaningful Vote
The ‘meaningful’ parliamentary vote on UK Prime Minister Theresa May’s revised Brexit deal is potentially the main fundamental event of the week, which takes place tomorrow. While we will have a handful of potentially market-moving numbers to look forward to...
British Pound Produces Sterling Performance
British pound produces sterling performance As the first of a probable three key UK Parliament Brexit votes begins today, the markets have assumed the inevitable outcome will be a request for the European Union to extend the Article 50 leaving...
British Pound Gains Ground ahead of Crucial Parliament Vote
GBP/USD has posted considerable gains on Monday, erasing the losses seen on Friday. In North American trade, the pair is trading at 1.3094, up 0.60% on the day. Earlier on Monday, the pair touched a low of 1.2961, its lowest...
Saudis are Doing Whatever it Takes to Keep Oil Higher
USD – Powell in no hurry to change policy Trump – 2020 budget to request $8.6B for wall Oil – Saudi keeps on over-delivering on supply cuts Stocks – Dow taken lower by Boeing Gold – ETF outflows continue for...
Brexit Uncertainty To Rise In Coming Months
We think the probability of Prime Minister May’s deal passing on 12 March is low (15%), although we have seen some softening lately in the Brexiteers’ position on the backstop. The defeat, however, may be smaller than in January and...
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