EUR/USD has remained remarkably stable between 1.166 and 1.17 for five consecutive trading sessions with market participants seemingly confident that the newly appointed Italian government will not try to push…
The G7 leaders summit will take place on 7-8 June and major economies are due this week be publishing May data for service sector and composite Purchasing Managers Indices (PMIs),…
International and country politics dominated the headlines last week and arguably had a strong bearing on major currencies. Europe was at the centre, with Italian President Mattarella finally confirming a…
EUR/USD remains volatile below 1.17 with markets taking little comfort from the Italian M5S and La Ligua parties having been able to form a government which has been approved by…
European currencies (bar GBP) have all have made decent gains versus USD, JPY and to a lesser extent CHF in the past 24 hours. EUR/USD is back above 1.16, but…
Shaky global risk appetite is benefiting the Yen, which is regarded as a “safe-haven” currency and has in the past week outperformed most currencies, including the Dollar, while most high-yielding…
This week’s data and event calendar starts off reasonably light but is due to get heavy from Wednesday onwards. At a global level, Friday is potentially a pivotal day with…
Price action in currency markets was somewhat subdued last week. The Dollar was marginally weaker, with a mixed performance against major and emerging market currencies, and there are signs that…
GBP/EUR remains unchanged around the 1.14 level with markets seemingly reluctant to (re) build long Euro or Sterling positions given the background of soft Eurozone and UK economic growth and…
Sterling has rebounded following the release of data showing that the volume of UK retail sales rebounded 1.6 % in April following an upwardly revised 1.1% contraction in March. However,…
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