Euro On Hold Ahead Of Nonfarm Payrolls
The euro is flat in Friday trade. Currently, EUR/USD is trading at 1.1873, up 0.01% on the day. Eurozone data a mixed bag Eurozone numbers were a mix on Friday. Services PMIs for August in Germany and the eurozone continue...
Euro On Hold Ahead Of Nonfarm Payrolls
The euro is flat in Friday trade. Currently, EUR/USD is trading at 1.1873, up 0.01% on the day. Eurozone data a mixed bag Eurozone numbers were a mix on Friday. Services PMIs for August in Germany and the eurozone continue...
Aussie Extends Gains, Retail Sales Next
The Australian dollar has extended its gains and is in positive territory for a third consecutive day. Currently, AUD/USD is trading at 0.7406, up 0.52% on the day. The pair is currently at its highest level since August 5th and...
Swissie Yawns on Mixed Swiss Data
The Swiss franc continues has drifted for most of the week and the pattern has continued on Thursday. USD/CHF is currently trading at 0.9161, up o.17% on the day. Retail Sales sink but GDP rebounds It has been an unusually...
After All The Talk, OPEC+ To Stay The Course On Supply
With the Delta variant of the coronavirus causing slowdowns in many economies around the world, some were of the opinion that when OPEC+ met today, they would cut back their planned increase of 400,000 bpd that had been decided at...
ADP Large Miss; But Does it Matter for NFP?
ADP reported their assessment of the private Employment Change for the month of August. The number of US jobs added to the economy was 374,000 vs and expectation of +613,000 and July’s downwardly revised print of +326,000. Not surprisingly, the...
US Dollar Has Reason To Rise
Stock markets paused growth yesterday, with the dollar gaining support on the downturn and US indices correcting by around 0.1% from their peaks. Declines in Europe ranged from 0.1% in the CAC 40 to 0.3% in the DAX and 0.4%...
Gold – Can the Rally Continue?
Facing resistance around $1,833 Gold was given a helping hand by Jerome Powell and the Fed on Friday when they signalled that they can be patient on tapering and that it is not linked to interest rates. The comments brought...
August Inflation Accelerates In Euro Area
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Swissie Dips as KOF Barometer Slides
The Swiss franc has lost ground in the Monday session. USD/CHF is currently trading at 0.9159, up o.52%. The Swissie has rebounded after a losing week, the first in a month. KOF Economic Barometer In Switzerland, the well-respected KOF Economic...