Strong soft data does not necessarily equate to economic growth as the US economy grows at the slowest pace in three years.
The single currency pulled back recent losses after the latest Euro-Zone inflation readings beat market expectations, easing the pressure on ECB President Mario Draghi.
The Yen shrugged off a deluge of Japanese data that added to the sum total of investor knowledge but did nothing to change the prognosis for ultra-loose monetary policy.
The latest set of Euro-Zone confidence indicators beat expectations, supporting the EUR ahead of the ECB monetary policy meeting.
The Swedish Krona dropped in early Thursday trade after the country’s central bank, the Riksbank, unexpectedly shifted its policy stance at its April meeting.
Regional markets were short of new clues, which left them worrying at US fiscal policy in the wake of huge proposed cuts to corporate taxation
The Bank of Japan looked forward to modest domestic growth but noted that inflation still remains notably weak in a monetary policy decision which went as the markets expected.
The US Federal Reserve has raised rates, the European Central Bank may taper bond purchases, but the Bank of Japan is expected to keep the policy juice coming.
Is France’s election race, and the consequent relief rally enjoyed by the Euro, the done deal markets expect?
Perhaps surprisingly, the Euro has failed to react strongly to a report suggesting the ECB could tighten monetary policy sooner than previously expected.
There was plenty of green on Asian screens across the board. A strong US lead set the tone and reports that a big tax announcement is coming from Washington did the rest.
The latest batch of UK opinion polls show the ruling Tory Party gaining more seats at the next election on June 8 but six weeks is a long time in politics.
Markets will start out the week with the French presidential election on their minds, but to what impact it will have on U.S. markets likely depends on the magnitude to which Europe moves
Crude Oil’s front-month contract rolled over this week while seeing the largest drop since March as US Production rises to 21-month highs.
This week, Paul Robinson, Christopher Vecchio, and Tyler Yell, CMT gathered to discuss how elections in Europe will impact the Euro and the British Pound.
UK PM Theresa May has strengthened her grip on the country, according to the latest YouGov poll, underpinning an already strong British Pound.
Ahead of the UK general election to be held on June 8, it’s hard to see anything other than a firmer British Pound, while the FTSE 250 stock-market index is better placed to advance than the FTSE 100.
The US Dollar stalled in the first quarter of 2017. It may continue to struggle through mid-year as rates-based support wobbles but risk aversion may offer prices a lifeline.
For traders in the British Pound, the important question to ask now is whether the UK will crash out of the EU or leave harmoniously with a Brexit agreement both sides are happy with.
In the week ahead, the economic calendar is quite light on ‘high’ impact events, with several ‘medium’ impact releases due out in the U.S. throughout the week.
While IEA showed Crude Oil Inventories Rising In the First Quarter, Hopes of an extended OPEC cut and a softer USD put Oil prices close to 2017 Highs
Loonie rallies despite the Bank of Canada seeing a decline inflation and slack in the labor market.