UK retail sales recovered modestly in February, after falling in January, according to the latest Confederation of British Industry’s quarterly Distributive Trades Survey.
The Euro was hit but not especially hard by the release of a German consumer confidence survey from Gfk which managed to miss expectations, but only by a fraction.
Asian markets found the going tough on Thursday thanks to a weak Wall St. lead. The latest Federal Reserve minutes seem to have investors doubting that interest rates will rise as soon as next month.
The newly confirmed U.S. Treasury Secretary Steven Mnuchin made a phone call to the International Monetary Fund to talk about the institution as well as ask for evaluations of FX policies.
The Australian Dollar wilted following the release of very weak overall private capital spending data in its homeland. There were bright spots in the data, but the overall picture was pretty feeble.
The US Dollar slid Wednesday afternoon following the release of the Federal Reserve’s February meeting minutes despite view from ‘many’ that next hike could come ‘fairly soon’.
EURGBP remains under pressure as 2-yr German Bond yields hit a record low and UK 4Q GDP beats expectations.
Asian stocks were mixed on Wednesday, with a moderately weaker US Dollar making progress tough for the likes of Japan's benchmark Nikkei 225 index.
The Australian Dollar gained following news of Chinese house-price gains, but it had been on the up before the data and they may not have been behind its subsequent rise.
The Australian Dollar shrugged off data showing that total construction work unexpectedly fell in the fourth quarter, disappointing economists' expectations of an increase.
The Mexican Peso surged as much as 2.3 percent against the US Dollar to a three-month high after the Bank of Mexico announced it will offer as much as $20 billion in foreign-exchange hedges.
The USD gave back some of its recent gains as the latest Markit manufacturing and services survey slipped to a two-month low and disappointed USD bulls.
The Euro is dropping against its G20 peers despite today’s PMI data showing the Euro-Zone economy firing on all cylinders. However, inflation is only creeping up slowly.
Crude is probing a critical region of resistance which if broken could see significant topside potential. Here are the updated targets & invalidation levels that matter.
The British Pound has struggled for traction Tuesday after mixed messages from Bank of England Governor Mark Carney. Up ahead, Sterling could remain volatile as the House of Lords debates the Brexit bill
Commodities often tell as much of a story of inflation as it does demand. For this reason, Commodities should be watched to understand the changing inflation landscape.
Last week was a generally bullish one for equity indices outside of Japan, with U.S. and European markets showing modest to strong gains.
Intraday ATR(5) for USOil Is At Its Lowest Since 2014, And The One-Week Range Is The Narrowest In 13-Years. Here’s Why That May Be Bullish.
With the self-imposed deadline of March 31 for the triggering of Article 50 still six weeks away, event risk on the Euro side of the EUR/GBP cross is likely to determine its direction.
The USD/CNH set a higher low this week than the previous two weeks. The onshore Yuan, on the other hand, remained within a tight range for the third consecutive week.
One surprising aspect of recent trading has been the relative stability of UK asset prices – of the currency, bonds and stocks – as Brexit draws closer. However, that could be about to change.
The British Pound weakened Tuesday on economic data, rather than political noise for once, as the House of Lords Brexit debate on February 20 edges nearer.
The British Pound is struggling for momentum amid more signs that consumer spending is slowing. But accelerating inflation and shifting expectations about BoE rate hikes is good news for Sterling.
This coming week we have very little economic data to start, coming Tuesday Fed Chairwoman, Janet Yellen, will appear before the Senate Banking Panel
The offshore Yuan remained stronger than the PBOC’s guided levels this week, although the spreads have narrowed to around 100 pips on Friday.
Although the broader outlook remains constructive, prices are vulnerable near-term while below critical resistance. Here are the updated targets & invalidation levels that matter.
The British Pound strengthened in European trade Friday as another set of positive economic statistics illustrated once again the robustness of the UK economy in the wake of the British vote to leave the EU.
Famous last words, but Brexit news could be in short supply over the next 10 days as the UK Parliament goes into recess, giving EUR/GBP traders a chance to focus on fundamental and technical factors instead.