The selling pressure on the sterling continued today as the currency reached a new two-month low. The currency has declined by 4% since the end of June, leaving it on track for the worst month since October 2016. It...
The selling pressure on the sterling continued today as the currency reached a new two-month low. The currency has declined by 4% since the end of June, leaving it on track for the worst month since October 2016. It...
CHF and JPY are the top G10 FX gainers today, up 0.07% and 0.01% vs the dollar while GBP and NOK are the top losers, down -0.42% and -0.12% vs the dollar. The U.S. dollar edged to a two-month...
Sterling continued to decline amid the likelihood of a no-deal Brexit. The British currency is trading at the lowest level since March 27. Over the weekend, it was announced that the Chancellor of the Exchequer was preparing to release...
NZD/USD sticks to RBNZ-led losses, well below mid-0.6700s RBNZ’s plans for unconventional monetary stimulus weighed heavily on the Kiwi. Tempered Fed rate cut bets underpinned the USD and added to the selling bias. The NZD/USD pair now seems to...
During the upcoming trading week the ECB rate decision takes center stage, with most economists expecting the European Central Bank to cut rates and to lay the groundwork for more monetary policy accommodation during the third-quarter of 2019. We...
The price of crude oil rose slightly after Iran captured a British tanker at the Strait of Hormuz. The Iranian government said that the ship had violated international maritime rules. Iranians said that the tanker had collided with an...
The price of crude oil rose sharply after the US shot down an Iranian drone in the Strait of Hormuz. This came after the drone reportedly threatened an American warship. The incident took place a few weeks after Iran...
The price of crude oil declined sharply in overnight trading after US Secretary of the State, Mike Pompeo said that Iran had approached the US for talks. While not much information was shared, investors interpreted this to mean that...
The Australian dollar declined slightly after the RBA released its minutes for the meeting held on July 2nd. In the meeting, the RBA slashed interest rates by 25 basis points for the second consecutive month. In the minutes, the...
UK macro focus During the upcoming trading week the United Kingdom economy is heavily in focus as we see the release of Employment, Unemployment, Wage, Retail sales and Inflation data for the month of June. The upcoming Conservative party...