Talking Points: Saudi Arabia has expressed readiness to use spare production capacity to maintain market balance. There are also unconfirmed reports of the US using its strategic reserves to send oil lower. The Canadian Dollar fell following the news, bucking a recent move higher versus the US Dollar. Stay up to date with important economic […]
Read moreGBP Analysis and News The UK construction PMI higher than expected in June, as was Monday’s PMI for the UK manufacturing sector. This adds to evidence that Q1 weakness was temporary boosting the case for a near term rate hike. Construction PMI Recovery Continues The UK construction PMI reading accelerated to its highest level since […]
Read moreEUR price, news and analysis: – The Euro has made little progress despite an immigration deal between German Chancellor Angela Merkel’s CDU and its Bavarian sister party the CSU. – That suggests it could ease further, with trendline support for EURUSD in danger of breaking. Our trading forecasts for Q3 have just been published; you […]
Read moreYuan Analysis and Talking Points PBoC finally stepped in to support the Yuan Yuan declines will likely continue ahead of US tariffs Latest trading forecasts for Q3 have just been published; check them out here Yuan Devaluation? Over the past month, the Chinese Yuan has fallen at a rapid rate amid the backdrop of a […]
Read moreMarket sentiment news and analysis: – So far, concerns about trade wars, German politics, rising oil prices and Brexit have had little negative impact on trader confidence. – There has been a limited flow of money into the safe havens, and ‘risk on’ assets are holding up well. Our trading forecasts for Q3 have just […]
Read moreUS Market Snapshot via IG: DJIA 0.6%, Nasdaq 100 0.5%, S&P 500 0.4% Major Headlines CSU and CDU agree migration deal, however, SPD have rejected the proposal PBoC Verbal Intervention curbs Yuan decline UK Construction PMI rises to highest level in 7 months RBA stand pat on interest rates at 1.5% AUD: The RBA kept […]
Read moreThe Sterling pound today rallied higher against the US dollar following the release of upbeat Markit/CIPS UK Construction PMI data in the early European session. The pound’s rally drove the GBP/USD currency pair higher even as uncertainty loomed over the Brexit negotiations. The GBP/USD currency pair today rallied from a low of 1.3114 to a high of 1.3207, but was on a downtrend at the time of writing. The currency pair rallied higher after the release of the Markit/CIPS UK […]
Read moreThe Sterling pound today rallied higher against the US dollar following the release of upbeat Markit/CIPS UK Construction PMI data in the early European session. The pound’s rally drove the GBP/USD currency pair higher even as uncertainty loomed over the Brexit negotiations. The GBP/USD currency pair today rallied from a low of 1.3114 to a high of 1.3207, but was on a downtrend at the time of writing. The currency pair rallied higher after the release of the Markit/CIPS UK […]
Read moreASIAN STOCKS TALKING POINTS: Asian stocks were mixed yet again on Tuesday A lack of local economic data is keeping investors focus on trade spats The US Dollar was lower against the Euro as Germany’s latest political problem appeared to be resolved Get trading hints and join our analysts for live coverage of all major […]
Read moreTalking Points: The left-wing president claimed about 53% of votes in the election, offering a strong defeat to rivals Obrador has been critical of US President Donald Trump as relations remain strained between nations The ex-Mexico City mayor has pledged to tackle the ‘evil’ of corruption Stay up to date with important economic data with […]
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