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Market OverviewThere has been a change in sentiment early this week as the embattled US dollar seems to be engaging in a near term recovery. Last week’s precipitous sell-off seems to have been a...
The dollar’s comeback picked up steam this Tuesday, with the greenback continuing to force its rivals to give back ground gained in the last couple of months. The previously cocky pound suffered...
On Monday, EUR/USD pulled back further from its new 3-year high above 1.2500 that was just established late last week. This pullback was driven in large part by a rebound for the US dollar on Monday,...
Dollar remains vulnerable ahead of FOMC, NFPThe dollar has started the new week on the front-foot after dropping over 1.5% last week. The greenback has fallen for five consecutive weeks, so the rise...
While the pound overcame its lunchtime wobble against the euro, it had no such luck against the dollar, in large part thanks to a solid inflation data from the US. Though, at 0.2%, the latest core PCE...
The World Economic Forum was held in Davos, Switzerland last week.The main leaders of the different sectors, from entrepreneurs, politicians, intellectuals and journalists, are selected to discuss the...
EUR/USD sideways price action EUR/USD is trading mixed around 1.24. The pair lies in a bullish short-term momentum. Hourly support is given at 1.2223 (23/01/2018 low). The technical structure suggests...
With little else to focus on investors turned their attention to Theresa May’s most recent bout of Tory turbulence, much to the pound’s displeasure. The Prime Minister is dealing with the...
Market OverviewAfter such a precipitous sell-off last week, the question traders will be asking themselves this week as they return to their desks after the weekend, is whether there is scope for...
Despite a stacked week – with the triple threat of Donald Trump’s State of the Union Address on Tuesday, a Fed meeting on Wednesday and a non-farm Friday, alongside updates from Apple...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.There are no shortages of factors driving the U.S. dollar lower. On a broad basis, stronger global growth makes U.S. assets less...
The dollar saw its losses ease quickly dramatically this Friday afternoon, despite a far worse than forecast US Q4 GDP reading. Though the fourth quarter figure came in at 2.6% at the annualised rate,...
The UK economy ended last year with a stronger-than-expected growth of 0.5% in the fourth quarter. However, growth in 2017 as a whole was still the weakest in five years at 1.8%.The pound, already...
The sharp drop in GBP/USD late in the previous session, provided some respite for the FTSE. The FTSE has been hammered over recent days as the relentless rally in sterling pulled the index to its...
The UK’s Gross Domestic Product grew by 0.5% q/q in the 4th quarter according to a preliminary estimate released today. This is better than expectations of 0.4% q/q. The annualised figure was...