Thursday 22nd August: Focus shifts to Jackson Hole Symposium amid mild dollar recovery.
Minutes for the July FOMC stated Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trump’s trade war.
Wednesday 21st August: Greenback snaps five-day winning streak ahead of FOMC minutes.
Key risk events today: UK Public Sector Net Borrowing; Canadian CPI […]
Tuesday 20th August: Dollar extends gains; 98.50 eyed as next port of resistance.
Key risk events today: German PPI m/m; Canadian Manufacturing Sales m/m. […]
Monday 19th August: Weekly technical outlook and review.
Europe’s single currency remained on the defensive Friday, settling 0.15% lower vs. the buck. The 1.11 handle gave way in the early hours of London, consequently clearing the pathway south to August’s opening level at 1.1079.
Thursday 15th August: Trade optimism fades amidst concerns over global growth.
Key risk events today: Australia Employment Change and Unemployment Rate; French […]
Wednesday 14th August: Safe-haven currencies retreat on renewed trade optimism.
Key risk events today: German Prelim GDP q/q; French Final CPI […]
Tuesday 13th August: US dollar index constrained by weekly resistance at 97.72.
Key risk events today: UK Average Earnings Index 3m/y; UK Claimant […]
Monday 12th August: Weekly technical outlook and review
Friday’s GDP statistics came in worse than markets had expected after it was revealed the economy shrank 0.2% in the second quarter of 2019. The disappointing surprise was immediately registered in sterling exchange rate markets, with the GBP/USD concluding the day down nearly 1.00%.
Friday 9th August: Dollar index hampered by long-term weekly resistance at 97.72.
Key risk events today: UK GDP m/m; UK Manufacturing Production m/m; […]
