Economic News Category

Quick Market Wrap It’s been a day of small ranges across major forex pairs with a mixed performance against the Dollar. The EURUSD is a few pips higher, As is GBPUSD, while a change has been seen in AUD and NZD so far this session. USDJPY is fewer points lower. Still to come, Bank of

INTRADAY MARKET UPDATE Draft of Japan fiscal repair ‘blueprint’ says finances in ‘dire straits’ US President Biden will speak on the May NFP Friday at 1415 GMT More Australian analysts change their RBA forecasts, ANZ says the Bank to move to ‘flexible’ QE Australia finance commitments for housing, April +3.7% m/m Analysts are evenly split

It’s a quieter day ahead on the European economic data, following Tuesday’s data dump. The German economy is back in focus, with retail sales for April due out. The Markets will be looking for a further pickup in spending to support the economic outlook. From the U.S there are no material stats to provide direction

Pound (1.3947) has been rising slowly. A break above 1.40 is needed for the pair to turn bullish and rise further towards 1.41-1.42 in the longer run. For now watch a rise to 1.40 to see if it manages to break above or faces rejection from there.                 

Dollar Goes Down and Easing Measure FED Monetary Hopes   The Dollar Goes Down on this Tuesday morning in Asia that starting the new month of the lower of the closing that seems the worst month that sees the dollar that boosts the expectations of the monetary easing that measure of the US Federal Reserve