U.S. Unemployment Rate Expected To Fall To 3.9%
The U.S. Dollar was seen trading rather firm on Thursday. Lack of economic news flow has shifted focus on the United Kingdom. The Bank of England hiked interest rates by 25 basis points as widely expected. This brought the short-term...
UK Services PMI Is Expected To Ease From 55.1 To 54.7
Markets Yesterday, core bonds were supported by a safe haven bid as investors pondered the consequences of China and the US exchanging a new series of mutual threats in the trade conflict. US equities show resilient to the trade headlines,...
Australian Retail Sales Eyed ahead of RBA Meeting; Aussie Sensitive to Trade Tensions Too
Australian retail sales data for June will be hitting the markets on Friday at 0130 GMT, in what is perhaps the last important release before the Reserve Bank of Australia concludes a meeting on monetary policy next week. Meanwhile, Australia...
UK Services PMI to Revert to Slower Gear in July; Unlikely to Prove a Big Driver for Pound
After the highly anticipated Bank of England decision on Thursday, the focus for sterling at the end of the week will turn to the services PMI out of the United Kingdom on Friday at 08:30 GMT. The IHS Markit/CIPS services...
Fears About Higher U.S. Rates And Trade Wars Renewed Pressure On Emerging Markets
The US Fed kept its interest rates unchanged and indirectly confirmed the pace for further tightening of the monetary policy. The Fed noted the labour market strengthening, as well as the strong growth in household spending and business investment. The...
The Fed Left The Interest Rate Unchanged. The BoE Meeting Is In The Focus Of Attention
The US dollar slightly strengthened against the basket of major currencies. Yesterday, the Fed left the interest rate unchanged at 1.75-2.00%, as experts supposed. The regulator noted the stable growth of the US economy. Demand for the American currency is...
US: Manufacturing Activity Decelerates in July
After two consecutive months of increases, the Institute for Supply Management (ISM) manufacturing index pulled back by 2.1 percentage points to a still heady 58.1 in July. This was below market expectations for a smaller decline to 59.4. The move...
BoE Set to Raise Rates, But Can the Pound Rally?
The Bank of England (BoE) is widely anticipated to raise its benchmark interest rate via a 7-2 vote on Thursday, at 1100 GMT. Such a move is practically fully priced in already and thus, price action in sterling will depend...
Eurozone Mid-Year Economic Outlook
Executive Summary Real GDP growth in the Eurozone slowed modestly in Q2, at 2.1 percent year over year. That said, the manufacturing sector and consumer spending were likely bright spots, and a tight labor market along with slowly rising incomes...
Fed Set For ‘Hawkish Hold’? Trade Back In The Spotlight
Here are the latest developments in global markets: FOREX: The US dollar index is higher by 0.17% on Wednesday, ahead of the Fed policy decision at 1800 GMT, and building on the gains it posted in the previous session. The...
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