Currency Pair of the Week: GBP/USD GBP/USD is one of the most popular pairs to discuss over the last month. When Chancellor Kwasi Kwarteng announced the plans for Prime Minister Truss’s new mini-budget program, markets were concerned as to where
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: GBP, AUD, JPY, GBP, EUR, USD, CHF GBP: BRC Retail Sales Monitor y/y, it measures Change in the value of same-store sales at the retail level. AUD: Westpac Consumer Sentiment, it measures Change in the
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, EUR, USD AUD: AIG Services Index, it measures Level of a diffusion index based on surveyed service-based companies. EUR: Sentix Investor Confidence, it measures Level of a diffusion index based on surveyed investors and
EUR/USD trades below 0.9535 as US dollar recovers EUR/USD updated another 20 years low last month, lowest at 0.9535. This was followed by a correction, and the pair came close to the equality level on Tuesday, October 04, rising to
A Turning Point for Policy The RBA surprised markets this week by slowing the pace of rates increase, opting for a 25bp move against expectations of a 50bp increase. Meanwhile, the RBNZ continued to show a heavy hand against domestic
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: USD, JPY, AUD, CHF, EUR, GBP, CHF, CAD USD: FOMC Member Waller Speaks, Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: AUD, NZD, EUR, GBP, USD, CAD AUD: AIG Construction Index, it measures Level of a diffusion index based on surveyed construction companies. NZD: ANZ Commodity Prices m/m, it measures Change in the global price of
U.S. Dollar Index Overview The USD was the most strongest currency yesterday, supported by rising US yields and softer import/export data. And whilst the prices paid component of the ISM services PMI softened to a 20-month of 68.8, it remains
The RBNZ Hiked by 50bp – But a 75bp Hike was Considered The RBNZ increased for an eight consecutive meeting to take interest rates to 3.5%. Highlights from the meeting:- Inflation is currently too high and employment is beyond its
Oil Prices Mixed as Markets Digest OPEC+ Supply Cut OPEC meeting tomorrow to determine what should be done about the amount of crude oil that is supplies to the market. Two weeks ago, the talk looked like to be whether
Recession Fears: The Ukraine war is affecting markets The Ukraine ware is affecting markets around the world and generating extreme volatility. Worries over inflation in Europe have been brewing even before Russia war with Ukraine in February. While some considered
[vc_row full_width=”stretch_row”][vc_column][vc_column_text] Upcoming Market Updates: JPY, AUD, CHF, EUR, GBP, CAD, USD JPY: BOJ Summary of Opinions, It’s the primary tool the BOJ uses to communicate their economic and monetary projections to investors. JPY: Tankan Manufacturing Index, it measures Level
