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...
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...
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 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...
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...
Global stocks were mixed today after China released its economic data for the second quarter. The data showed that the country’s economy expanded by 6.2% in the second quarter. This was in line with what investors were expecting but...
Chinese stocks rose even as data from China supported the economy’s weakening. Data from the statistics office showed that the GDP slowed in the second quarter to 6.2%. This was in line with expectations. In the first quarter, the...
Wall Street ended the day at an all-time high as Jerome Powell testified to Congress. In his testimony, the Chair said that the Fed was fully prepared to slash interest rates based on mounting risks to the US economic...
CHF and EUR are the top G10 FX gainers today, up 0.24% and 0.14% vs the dollar while JPY and AUD are the top losers, down -0.07% and -0.06% vs the dollar. The Emerging Asian currencies moved little as...
USD and CHF are the top G10 FX gainers today while AUD and NOK are the top losers, down -0.55% and -0.37% vs the dollar. Cable hit a 6-month low on dollar rally and Brexit worries. Rally in the...
The Japanese yen was unchanged in the Asian session after the country released the household spending data. In May, spending rose by an annualized rate of 4.0%. This was better than the consensus estimate of 1.4% and April’s increase...