What Does Central Bank Divergence Mean for FX?
There’s been a massive shift within the central bank world lately. Some have taken baby steps towards exiting cheap money and ultimately raising interest rates, but others have not. We seem to be entering a period where the economies that...
European Open: All Eyes On Risk Sentiment, UK Data Up Next
Whilst currency markets paused for breath overnight, much of the Asian share market was trading lower ahead of today’s open. Asian Indices: Australia’s ASX 200 index fell by -113.4 points (-1.54%) and currently trades at 7,228.00 Japan’s Nikkei 225 index...
Pound Edges Lower, GDP Next
The British pound is in negative territory on Thursday. In the North American session, GBP/USD is trading at 1.3760, down 0.29% on the day. There are no British events on today’s schedule, and predictably, the pound is having a quiet...
Special ECB Announcement Could Rock The Euro Today
ECB set to announce higher inflation target, Lagarde presser to follow Dollar little changed after Fed minutes, yen shines as yields crumble Stocks retreat amid Chinese regulatory crackdown, oil tanks Euro braces for special ECB announcement The European Central Bank...
ECB Minutes to be Overshadowed by Looming Strategy Review Outcome
The European Central Bank will publish the minutes of its June 9-10 policy meeting on Thursday (11:30 GMT) as the Eurozone recovery gets into full swing. Policymakers struck a markedly dovish tone at their last gathering and although not all...
USD Gains Ahead Of The Release Of The Fed’s Meeting Minutes
The USD tended to gain against a number of its counterparts yesterday, while gold prices continued to rise for a sixth day in a row and the US stockmarkets sent some mixed signals with Dow Jones retreating while Nasdaq reached...
Power of the Apes, ISM Slips, China’s big-Tech Crackdown, Oil Hits 6-Year High, Gold Rallies
Like my vacation, all good things must come to an end, and so must the S&P 500 index winning streak. Risk appetite is fleeing as investors return from the long holiday weekend with some jittery headlines on more crackdowns from...
Can the Delta Variant Wreck Hopes of an End to Lockdowns?
The highly contagious Delta variant of Covid-19 has fast become the dominant strain around the world, spreading beyond Asia. Countries with low vaccination rates like Australia have had no choice but to reimpose draconian lockdowns, but in other places such...
Pound Calm as UK Services PMI Edges Lower
The British pound has started the week quietly. In the North American session, GBP/USD is trading at 1.3846, down 0.13% on the day. The pound has pushed back into 1.38 territory, on optimism over the economy’s reopening optimism and PMI...
Canadian Dollar Gives Up Some NFP Gains
The Canadian dollar has started the week with losses. In the North American session, USD/CAD is trading at 1.2457, up 0.31% on the day. The US dollar ended the week on a downturn against most of the majors. The Canadian...