The first week of September has seen risk-sensitive assets outperform, despite poor PMI data for August suggesting that global growth will slow further in Q3. Markets have seemingly taking some…
Sterling is again making the headlines, surging to a 6-week high in trade-weighted terms, with Sterling up 2.5% versus a weakening Dollar in the past three trading sessions alone. The…
Sterling has made a good recovery in the past 24 hours, despite UK composite PMI data pointing to a real risk that the economy will fall into recession in Q3….
Acute political uncertainty and weak UK PMI data today conspired to temporarily push the GBP/USD cross to a 3-year low this morning of 1.196 before it rebounded in afternoon trading…
The past fortnight has been light on macro data releases but everything changes this week. The US is on holiday today but is then scheduled to release all-important PMI and…
The Dollar last week continued to inch higher, with the trade-weighted index up 0.7% to its highest level since mid-January 2017 thanks in part to some decent US macro data….
There have been few major data surprises in the past 48 hours but Sterling has been buffeted by Brexit developments. Sterling weakened over 1% against both the Dollar and Euro…
The EUR/USD cross is again trading below 1.11, 24 hours after the release of very weak German macro data. The Ifo business climate index fell 1.5pp to 94.3 in August,…
The Eurozone and US are due to release key inflation data on Friday, with the US also scheduled to publish durable goods orders figures today and trade data and the…
There were few tier-one macro data points out last weeks but markets had to navigate the release of the minutes of the RBA, Fed and ECB policy meetings, mid-week meetings…
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