Sterling and Euro both weaker vs USD following release of UK CPI-inflation (April) and preliminary Eurozone manufacturing PMI data for May. UK headline CPI-inflation fell to 2.4% yoy from 2.5%…
The macro data-release calendar will remain light until tomorrow and therefore geopolitics will seemingly be driving the currency markets for now. Specifically the US and China announced over the weekend…
The data and event calendar is reasonably light this week, with a number of markets on holiday today. Geopolitics will likely remain in the spotlight given the ongoing rise in…
The Dollar resumed its upward climb last week and appreciated further overnight to a new high since mid-2017 on the back of data suggesting that US GDP growth remained strong…
In recent days the Dollar seems to be following the pattern of trading a little weaker overnight and during the early European session only to then appreciate forcefully later in…
The Dollar lost a bit of ground yesterday in late trading (after a decent start) and has weakened a tad more overnight. Sterling NEER (Nominal Effective Exchange Rate) hit its…
The Dollar’s appreciation appeared to have lost momentum but has staged an impressive recovery in the past 72 hours and the Dollar is now at its strongest since mid-2017. Markets…
A quiet overnight session in FX markets with few tier-1 macro data points due out today. The Euro and Australian Dollar have made small gains and Sterling is broadly unchanged…
Macro data out this week will provide a clearer picture of how country-specific and global economic activity transpired in April and to a lesser extent in May following signs that…
Geopolitics took centre stage last week with US President Trump announcing that the US would renege on the Iran nuclear deal and re-introduce economic sanctions. Perhaps unsurprisingly crude oil prices…
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