Price action in FX markets has been reasonably subdued in major FX markets today with a paucity of tier-one macro data probably contributing to narrow trading ranges. The GBP/USD cross…
The Euro, which had showed little reaction to the European Union’s announcement yesterday morning about the €750bn Recovery Fund, did eventually spring back to life yesterday afternoon with EUR/USD rising…
After last week’s data deluge the macro data calendar is much lighter this week, at least until Friday when the Eurozone and UK are due to release preliminary PMI data…
The Dollar was unchanged last week in trade-weighted terms. As has been the case in recent weeks stronger-than-expected US macro numbers are dampening downward pressure on the Dollar. However, they…
The Dollar made small gains yesterday, for the first in five sessions, but has more than given up those gains today. Most major currencies, including the Euro, have appreciated slightly…
Despite a deluge of key macro data today, price action in major currencies and equity markets has been rather tame. The Dollar is broadly unchanged from yesterday and European and…
The Dollar ended yesterday’s session marginally weaker and is down again today. It has now weakened for four consecutive sessions by a cumulative 0.8%. But whereas yesterday it was mainly…
The Dollar is broadly unchanged in today’s session but this masks a degree of granularity within major currencies. While the Euro has continued to inch higher, the Australian Dollar has…
After a quiet week on the macro data release front the calendar is once again very heavy, particularly in the US and UK. The former is due to release CPI-inflation,…
Price action in major currencies was again subdued last week, with few tier-one macro data releases for markets to focus on. Only a handful of developed and emerging market currencies…
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