On the macro data front the calendar is heavy in the US, with consumer confidence, durable goods, trade, income, spending and inflation data due for release, while a number of…
The economic and social impact of the coronavirus dominated headlines last week. There have been increasingly frequent reports of disruptions and delays to international supply chains starting to impact global…
The story in the past 24 hours has been another surge in the US Dollar. In trade-weighted terms it has appreciated 0.5% to its strongest level since early October while…
US equities have been trading sideways for the past three sessions and major currencies have followed suit. Sterling was slightly on the back foot this morning but rallied back following…
It has been another rather subdued trading session for major currencies. The GBP/USD cross dipped below 1.30 this morning following the release of somewhat disappointing UK labour market data. In…
The S&P 500 hit another record high on Friday but will not get a chance to do so today with US markets closed for a public holiday. Currency markets have…
After three sessions during which global risk appetite (and Sterling) shone and the Euro tanked, it has been a quieter 24 hours in financial markets. The S&P 500 closed down…
The Dollar has edged weaker with GBP/USD back up near 1.30 and the EUR/USD cross stable near 1.09. UK GDP growth ground to a halt in Q4 2019, in line…
Global risk appetite recovered briskly last week and this theme has extended in the past 48 hours. The S&P hit a new all time high of 3,352 yesterday and the…
The week starts off slowly in terms of macro data with the release on Tuesday of UK GDP data for Q4 arguably of secondary interest. The focus instead will likely…
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